Currency Forecasts

Category: Sterling


The week ahead for GBP exchange rates

Good morning. Last week the Pound fell further against the Euro, as it became clear that a Brexit deal would not be agreed any time soon. To be honest the GBP/EUR rate probably would have fallen further if it were…

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Pound/Euro rises by 0.5% after strong UK Services data

Pound/Euro rates have recovered by half a point this morning. The gains have reversed the fall into the €1.13’s that we saw yesterday. Yesterday’s drop came after some poor manufacturing numbers. However this morning, rates have picked back up again into the mid €1.14’s. This…

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GBP/EUR and GBP/USD – What could impact the currency market today?

Following yesterdays spring statement the pound had a relatively strong day posting gains against most of its majors. At its highest GBP/EUR peaked just shy of 1.13, up from last weeks low of 1.1150 and GBP/USD pushed back close to…

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GBP/EUR falls below 1.12, will the pound fall further?

Sterling has fallen to its lowest level against the single currency since September 2017 having fallen to a low of 1.1150/0.8969 and bring the pounds losses to over 2.2% in the last week.

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US dollar surge halted

In the past 24 hours we have seen a significant swing for cable (GBP/USD) with the high/low range from 1.4095 to 1.38 or just over a 2% spread. Much of the movement came following yesterday afternoons inflation data which in…

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