Currency Forecasts

Category: Pound falls


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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Super Thursday keeps lid on Sterling

For several weeks GBP/EUR rates have been fairly range-bound between the €1.18-€1.19 mark and have been unable to move higher. For it to do so, the market needed further information; this morning provided lots of new data however the end…

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Sterling continues to fall against Euro and USD

The Pound fell further on Friday, continuing its recent downward trend. The cause was worse than expected Services data. Services form a huge part of the UK economy, and a slowdown in this sector shows that Brexit may be starting…

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Pound falls as Brexit inches closer

Sterling steadily fell against its counterparts throughout trading yesterday, falling 1 cent to €1.1650 vs the Euro. It started when the manufacturing figures I mentioned in yesterday’s post came in below forecast showing this sector is not growing as fast…

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Positive Economic News for Britain, but Sterling moves lower

Yesterday saw some good news stories for UK Plc. Firstly growth for the last quarter beat forecasts, coming in at 0.5%. Before the referendum, the OBR predicted a ‘Leave’ vote would see Q3 growth at -0.1% and a ‘Remain’ vote…

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