Currency Forecasts

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Sterling makes gains, then plummets.

The pound made good gains yesterday, before plummeting this morning showing how volatile the currency markets are at present. First we’ll look at the gains, then the reason for this mornings correction. Sterling Exchange Rates GainSterling extended it’s rally yesterday,…

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Pound regains strength and exchange rates recover.

As we correctly predicted here on this blog, despite some big drops last week the pound has recovered the losses last week, and have returned to roughly 7 month highs against both the Euro and the US Dollar. First we’ll…

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Sterling GBP Euro EUR Outlook Forecast

We’ll take stock of this weeks currency movements in a moment, and where things may head into next week. First let’s take a quick look at what happened in the currency markets yesterday: Pound takes a hit on Retail SalesSterling…

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Pound falls, but likely to recover

SterlingAs outlined in yesterday afternoons update post, Sterling fell sharply against the euro and the dollar yesterday due to profit-taking. This follows recent sharp gains and after Bank of England policymakers remained very cautious on the UK outlook despite encouraging…

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Why has Sterling fallen and the pound (GBP) dropped?

A quick update on developments for the pound since this mornings post. Sterling yesterday hit the highest level against the Euro for many months, and topped out at 1.1864. Today however the rise was halted and rates have dropped back…

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