Currency Forecasts

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Outlook for the pound against Euro and Aussie

Welcome back to regular readers, as daily posts from FCG now continue as normal. Today we’ll have a quick look at the pound and where things lie after poor GDP data last week, and also the data releases from Australia…

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Sterling remains under pressure

The pound remains under pressure this morning, and GBP/EUR has dropped into the 1.15’s. There was very little data yesterday, so the main reasons for the fall are likely to be the poor unemployment figures released on Wednesday: Market Snapshot…

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Unemployment & Exchange Rates

The main events yesterday were the UK unemployment figures, which we will look at today. First let’s have a quick look at where rates stand right now: Market Snapshot @ 08:30am: GBPEUR 1.1625 GBPUSD 1.6385 GBPNZD 2.5557 GBPAUD 2.0509 GBPCAD…

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Pound Remains under Pressure

Yesterdays TradingSterling extended gains against the euro yesterday in early trading, hitting the day’s high after Bank of England policymaker Adam Posen said he expected the UK currency to trade higher against the euro in the medium term. His comments…

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Outlook for Sterling Exchange Rates

EURAs against most other major currencies, Sterling weakened against the Euro in the early stages of last week, with the GBP/EUR rate trading at a low of 1.1528 on Wednesday. Positive sentiment towards the Eurozone economy and Euro were boosted…

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