Currency Forecasts

Category: Pound falls


Pound tumbles after BoE rate hike

Well there we have it, the Bank of England have, as expected, raised interest rates to 0.5%. This was widely expected and what we are seeing today is a classic case of ‘Buy the rumour, sell the fact’. We have…

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Pound falls on wage growth numbers

After rising to a high of €1.1130 this morning, GBP/EUR rates slipped back by half a cent, following the latest UK jobs data. While unemployment and jobless numbers were better than expected, wage growth was lower than forecast at 2.1%….

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GBP/EUR drops into the €1.08’s

Sterling/Euro has fallen further today, dropping into the mid €1.08’s. Again it’s a story of the Euro strengthening and becoming more expensive. We had higher than expected PMI figures from Germany and the EU this morning, and also a speech…

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Inflation numbers weaken Sterling

This morning UK inflation came in at 2.6%, slightly less than the expected 2.7%. This might not sound like much, but it significantly decreases the chance of the Bank of England raising interest rates this year. In turn, the lower…

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Pound falls on Hung Parliament

As I’m sure my readers will know by now, yet again the polls were wrong and the election has resulted in a hung parliament. The Pound fell quite sharply as a result, dropping as low as €1.13 vs the Euro….

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