Currency Forecasts

Category: Sterling falls


Pound to Euro Forecast : Sterling falls on Backstop pledge

Pound to Euro Forecast – The Pound has been falling throughout trading today, following a debate yesterday evening between the Conservative leadership candidates. Both Boris Johnson and Jeremy Hunt have hardened their position on Brexit. They’ve said the backstop needs…

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Pound drops after 0.1% GDP figure

What goes up, must come down. Yesterday we saw GBP/EUR rates break through €1.15 again, however these levels have proved to be short-lived. This morning UK GDP figures were released, showing the economy grew at just 0.1% in the last…

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Sterling falls as political uncertainty returns

Sterling has edged lower against the Euro overnight, as uncertainty returned to UK politics following the sacking of Cabinet minister Damien Green. Also pushing the Pound lower was a report by the IMF that downgraded UK growth forecasts, stating that…

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Pound falls on inflation figures

We’ve just seen the latest UK inflation figures, and they came in lower than expected, sending the Pound lower against both the Euro and US Dollar. Why did the Pound fall? It’s due to the lower inflation numbers taking pressure…

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Why has the Pound fallen to €1.13 against the Euro?

Today the deputy Bank of England governor Broadbent gave a speech, and there had been speculation he would give his views on monetary policy. The markets were expecting him to hint at an interest rate hike later in the year,…

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