Currency Forecasts

Category: Strong Pound

Stering recovers back to €1.1650

The Pound has recovered this morning after yesterdays fall. It turns out the ‘leaked government memo’ was actually from consultancy firm Deloitte and had no input from number 10 or indeed any government department. The Pound has also received a…

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Sterling/Euro rises to €1.14

Pound/Euro rates have soared today as a result of the US election result. This morning the rate was down at €1.11, and at the time of writing it’s up to €1.14 which is back to where it was before the…

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BoE upgrade UK growth forecasts / Currency Forecast

Thursday 16th May 2013 Good afternoon. Sterling Exchange rates remain fairly stable, with GBP/EUR sat just above €1.18 and GBP/USD around $1.5250 at the time of writing. The Pound is being supported by robust UK data, including the upgraded economic growth…

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Decent UK data keep Sterling supported

Friday 10th May 2013 Good morning. Sterling remains supported at relatively high levels against the Euro, close to the best in around 3 months. Against the Dollar however, the Pound has fallen due to a strengthening of the US currency….

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2012 forecast: Pound/Euro recovers to 22 month high

Thursday 3rd May 2012Good morning. A fairly volatile week so far! The Pound fell earlier in the week when economic data was quite poor, signalling all is not rosy with the UK economy. However during trading yesterday, Sterling recovered well…

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