Currency Forecasts

Category: Sterling


Poor retail sales for December halts the pounds charge

Following this mornings poor UK retail sales data sterling has taken a slight tumble against most of its major counterparts. In particular the loss has been felt the hardest against the US dollar with the pound falling from a high…

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UK Inflation at 3% – what can we expect for the pound?

This mornings UK inflation figures, released at 09:30, came out at the 3% level analysts were expecting. As a result sterling has actually fallen a fraction on this mornings trading as a fall in inflation eases the pressure slightly on…

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GBP/EUR rates drop to €1.12 as Euro gains strength

Good morning. We’ve seen some volatility for both Pound/Euro and Pound/Dollar rates over the last 24 hours. The movements are due to events in the EU and USA however rather than any new data from the UK. Let’s take a…

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GBP/EUR reaches a 6 month high to then fall away heavily in the afternoon session

Those of you that were in a position to act swiftly managed to catch sterling at its highest level against the single currency in nearly 6 months this morning. For the first time since June the pound pushed over 1.15…

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Australian Dollar rallies overnight

The Australian Dollar gained more than two cents against the pound following the Reserve Bank of Australia’s (RBA) latest interest rate meeting. As expected the central bank decided to keep the base rate on hold , but a far more…

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