Currency Forecasts

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Sterling Exchange rates recover

Sterling has climbed and recovered some of its losses following the political uncertainty at the end of last week. At the time of writing, rates are as follows: GBP/EUR 1.1592GBP/USD 1.6164GBP/AUD 2.0370GBP/NZD 2.5936GBP/JPY 158.60 The main reason for the gains…

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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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