Currency Forecasts

Category: Pound gains on PMI

Will Sterling vs Euro rates go back up?

Wednesday 6th July 2011Good morning. Sterling actually made some gains yesterday, pushed up by better than expected PMI data, however the recovery is still sluggish and so gains are limited. Portugal’s credit rating has also been downgraded to ‘junk’ and…

Read More

Sterling gains on PMI data; QE eyed for Thursday

2nd November 2010Good morning. Sterling rose against the euro on Monday after better than forecast UK manufacturing data. This boosted confidence in the UK’s economic recovery and reduced the chances of fiscal stimulus from the Bank of England on Thursday….

Read More