Currency Forecasts

Category: Pound to fall against Euro

Pound steadies as May wins confidence vote; what next for Sterling?


Good morning. After a tumultuous week for UK politics, Theresa May has won the vote of confidence, and the currency markets have settled down somewhat. Sterling hasn’t surged on the result, but has steadied a little from the lows we…

Read More

Bumper Retail Sales figures strengthen Sterling

We have just seen the latest UK Retail Sales figures for the UK, and they were significantly better than forecast. Markets expected a +0.4% rise. I thought that it would be lower than this, but the actual figure came in…

Read More

Pound gains on BoE vote

Yesterday was a good example of how quickly the markets can move on unexpected news. We started the day with GBP/EUR just above €1.14 after the Euro gained strength following the Dutch election result, however that all changed at lunchtime…

Read More