Currency Forecasts

Category: UK unemployment


UK employment data helps the Pound

UK Jobs data sends Pound up

This morning UK employment and wage growth data was released, and the numbers have helped the Pound rise. GBP/EUR is at €1.1370 and GBP/USD is at $.2915. Most of the employment data was roughly as expected. 2 measures beat forecasts…

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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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Why has the Pound fallen to €1.13 against the Euro?

Today the deputy Bank of England governor Broadbent gave a speech, and there had been speculation he would give his views on monetary policy. The markets were expecting him to hint at an interest rate hike later in the year,…

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Pound remains supported despite poor jobs figures

The Pound brushed off the poor unemployment figures this morning, and GBP/EUR rates remain around the 1.2650 mark: There haven’t been any significant economic figures released that would strengthen the Pound, and the reason rates have recovered is due to…

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Pound/Euro hits fresh 7 year highs after strong jobs data

Wednesday 18th February 2015 Sterling has risen strongly this morning to fresh 7 year highs against the Euro. As you can see from the chart below, GBP/EUR rose from 1.3450 to 1.3560:  Robust UK Employment figures boost Sterling  The reason for…

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