Currency Forecasts

Category: Pound rises

Pound/Euro edges higher ahead of some important UK data

The Euro has weakened over the last 24 hours, helping push Pound/Euro rates back up to almost €1.14, helping this pair recover most of the losses we saw after the Bank of England cut interest rates last week. This move…

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Pound/Euro hits 8 week high of €1.1360

Sterling has strengthened further this morning, after one of the Bank of England members said in a speech that a rate hike would be needed soon, confirming what the MPC said yesterday. What is interesting is that this particular member,…

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GBP/EUR rises above €1.12 after Bank of England meeting

The Pound has gained again today after the Bank of England meeting. Only 2 members voted for a rate hike meaning rates have been left on hold at 0.25%. However, they gave hints and were much stronger in their talk…

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Pound/Euro rates jump to 2 week high of €1.18

Friday 1st November 2013 Good morning.  It’s only been 2 days since my last post, but things can move very quickly in the currency markets. For most of this week exchange rates have been very stable, however yesterday was saw some…

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Sterling surges higher as Mark Carney issues Forward Guidance

Wednesday 7th August 2013 Good afternoon. Today has been extremely volatile on the currency markets with Sterling surging higher against other currencies. The new Bank of England governor Mark Carney addressed Parliament and delivered his Quarterly inflation report.  After months of…

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