Currency Forecasts

Category: pound sterling forecast


Will the Pound go up or down this week?

Sterling has started the week rather well, pushing higher against the Euro and US Dollar, to €1.14 and $1.4050 respectively. These are good buying levels for both pairs, with the GBP/EUR rate close to an 8 month high, and GBP/USD…

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Pound/Euro lower on Retail Sales and Wage Growth data

The last 24 hours have not been kind to Sterling. Firstly we had wage growth data yesterday showing that wages are rising at a rate of 2.1%. However, inflation is running at 3% so in real terms, incomes are being…

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Sterling/Euro rates volatile

It’s been an interest 24 hours for GBP/EUR rates as the graph below illustrates: As you can see, rates slipped from €1.14 to as low as €1.1260 earlier today, only for it to shoot back up to €1.14 again. Why…

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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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Pound stable as Brexit begins

After starting the day low against the Euro yesterday, Sterling actually recovered back to the mid €1.15’s after Theresa May officially started the Brexit process by triggering article 50. It was a challenge to foresee what would happen to exchange…

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