Currency Forecasts

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Pound Rises on Retail Sales data

Retail Sales

Retail Sales better than expected The Pound has recovered most of yesterday’s losses after stronger than expected Retail Sales number were released this morning. The markets had only been expecting a small rise of 0.2%, but the actual number came…

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Pound exchange rates fall on Brexit woes

Pound exchange rates have fallen sharply today following rumours that the European Research Group (ERG) will vote against Prime Minister Theresa May’s Brexit proposal tonight. MPs will vote later on whether they still support the government’s approach that they backed…

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NZD rallies following rate decision

New Zealand Dollar exchange rates have rallied sharply overnight following the latest Reserve Bank of New Zealand (RBNZ) interest rate meeting. NZD exchange rates have strengthened nearly 1.5% as the RBNZ held interest rates at 1.75%. This move was expected…

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Pound/Euro remains supported despite Brexit uncertainty

Pound/Euro rates remain supported above €1.14. To some, this is a surprise given the recent run of disappointing UK data. In the last week we have seen: GDP figures lower than expected, growth forecasts downgraded, and dire warnings from the BoE…

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Pound falls slightly on signs of slowing economy

As Theresa May enters crunch talks with Brussels, the Pound falls and has had a rather poor start to the week.  For a change it’s economic data releases that have moved the Pound rather than the on-going Brexit saga. Of…

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