Currency Forecasts

Category: UK Interest Rates

Politics and Central Banks to affect GBPEUR this week


Good morning. GBPEUR rates have slipped into the €1.13’s this week, giving up the gains we saw last week. GBPEUR rose into the €1.14’s after the European Central Bank (ECB) cut growth forecasts. this had weakened the Euro and pulled…

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Strong UK data supports the Pound

Strong UK data supports the Pound Sterling has risen both yesterday and today following some robust UK data that increases the chance of interest rates going up. Firstly, the Office for National Statistics revised up Friday’s UK jobs numbers, after…

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Pound/Dollar drops on US jobs data

The US Dollar has strengthened this afternoon following the release of the latest jobs numbers. While the number of new jobs created was lower than expected, the unemployment rate fell more than expected and average earnings was also better than…

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Pound falls on inflation figures

We’ve just seen the latest UK inflation figures, and they came in lower than expected, sending the Pound lower against both the Euro and US Dollar. Why did the Pound fall? It’s due to the lower inflation numbers taking pressure…

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Pound/Euro rises to €1.39

Tuesday 22nd September 2015 It’s been an interesting start to the week on the foreign exchange markets. Despite little economic data being released yesterday, the Sterling/Euro rate rose steadily throughout the day before settling around €1.3850. The upwards march continued this…

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