Currency Forecasts

Category: UK Economy


Pound rises on good borrowing figures

We saw more good news about the UK economy yesterday, as Sterling benefited from much better than expected Public Sector Net Borrowing figures. The numbers showing that Government borrowing has fallen to its lowest level since 2007. The UK now…

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Will Pound/Euro rates go up or down?

GBP/EUR spent most of last week getting very close to €1.20 without managing to sustain a breakthrough; a trend we’ve seen on 6 separate occasions since last summer. It was never very likely that we would see rates breach this…

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Sterling continues to fall against Euro and USD

The Pound fell further on Friday, continuing its recent downward trend. The cause was worse than expected Services data. Services form a huge part of the UK economy, and a slowdown in this sector shows that Brexit may be starting…

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Pound falls on data, Euro rises and Dollar falls on risk of currency war

Sterling fell further today, briefly dipping into the €1.15’s vs the Euro, after much weaker than expected consumer credit figures. The lower number suggest that the UK economy may finally be slowing a little after surprisingly robust performance over the…

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Sterling surges on High Court ‘Brexit’ ruling

The Pound has risen to €1.12 against the Euro, and above $1.24 vs the US Dollar this morning, after a high court ruling that Parliament must vote on whether the UK can trigger article 50. It’s expected that the government…

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