Currency Forecasts

Category: UK Growth


Pound Sterling Forecast – 0.3% GDP moves Pound higher

Pound Sterling Forecast

Pound Sterling Forecast – Today at 09:30am the UK released a raft of economic data. Industrial and Manufacturing production both came in marginally below forecast. The expected figure was low anyway so it’s had little effect on Sterling. They key…

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Pound falls as UK growth lower than expected

The Pound has fallen away in the last few days, dropping back to around the €1.13 level against the Euro, and to $1.39 against the US Dollar. The drop came after the latest round of UK employment numbers and growth…

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Pound nears €1.13 as BoE raises UK growth forecasts

In an update to my earlier post, Sterling has gained further and for the time being seems to have held on to those gains. Following this morning’s ruling that parliament will have a vote on triggering Article 50, the BoE…

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UK growth figures push GBP/EUR above €1.38

We’ve seen a spike in GBP/EUR rates during trading today, pushing up nearly 2 cents from 1.3650 to 1.3830 as the chart below shows:  UK Growth revised up  The reason for the steady gain for the Pound was this morning’s…

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Sterling steady ahead of GDP figures.

Tuesday 23rd July 2013 Good afternoon. It’s very quiet in the currency markets at the moment, with the media hype currently focusing on the Royal baby and a lack of any significant economic data releases. The Royal baby news had the…

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