Currency Forecasts

Category: Sterling weakness


RBA cuts interest rates. GBP/AUD forecast

Australian Flag

The Australian Dollar has weakened fractionally against the pound as the Reserve Bank of Australia (RBA) has cut the base interest rate to 1.25%, the lowest recorded level. It was a widely expected move and heavily priced in to the…

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Pound falls further on poor Retail Sales figures

The Pound has fallen against the Euro and US Dollar overnight, as figures showed that Retail Sales were much lower than expected. It’s a further sign that due to rising inflation and rising prices caused by a weaker Pound, consumer…

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Sterling hits 15 month low vs Euro

Friday 1st July 2011Good morning. Sterling fell to a 15 month low yesterday against both the Euro and a basket of currencies, on month and quarter end selling. The Euro also gained strength after the ECB reiterated their view EU…

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Pound falls AGAIN vs the Euro…

7th October 2010Good morning. The pound has continued to fall against the Euro this morning, and Sterling is now at it’s lowest since June. Things could get worse today, depending on what happens with the Bank of England result at…

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