Currency Forecasts

Category: Pound falls


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…

Read More

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….

Read More

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…

Read More

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…

Read More

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…

Read More