Currency Forecasts

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Pound falls on Political uncertainty

Last Weeks tradingAfter some weeks of continued strength for the pound, this all came to an end last week as rates dropped away again. On Wednesday last week, rates had hit 6 and 7 month highs against the Euro and…

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GBP falls suddenly

Pound PlummetsEarlier this week, the GBPEUR rate hit a 6 month high of 1.1650, based on renewed confidence in Sterling, and also US Dollar weakness causing further buying of the pound, which pushed the currency higher. This has proved to…

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Sterling to EUR & USD rates tumble

Yesterdays TradingThe pounds run could not last forever, and yesterday was the end of the continued gains for Sterling. The pound dropped heavily against both the Euro and the Dollar, wiping out the recent gains the pound has made. As…

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Sterling rally continues

Belief that the global economy is recovering has helped Sterling continue its gains this morning. At the time of writing rates are as follows: GBP/EUR 1.1650 – 6 month high!GBP/USD 1.6626GBP/AUD 2.0180GBP/CAD 1.7968GBP/NZD 2.5507GBP/JPY 160.02 Pound Euro rates are now…

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Sterling Exchange Rates continue to climb

Sterling The pound continued its strong gains in trading yesterday, and hit a 7 month high against the US Dollar and also new highs against the Euro. Rising share prices prompted investors to seek perceived riskier assets such as the…

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