Currency Forecasts

Category: Pound to fall against Euro


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

GBPEUR

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…

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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…

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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…

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