Currency Forecasts

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Quantitative Easing, Bank Results and Exchange Rates

Increased Quantitative Easing Weakens SterlingSterling fell across the board yesterday after the Bank of England said it would pump more funds into the banking system than was expected, citing subdued inflation and fragile financial conditions. The central bank stunned market…

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Pound to Euro & US Dollar Rates very good.

Pound to EuroLast week saw Sterling continue to march back towards the 1.20 mark, moving up as high as 1.18 on the mid-market. The run continued yesterday, however now seems to have leveled off in anticipation of the data releases…

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Sterling Euro Exchange Rate Outlook August 2009

Last Weeks TradingVery interesting week last week, with the pound surging against the USD, EUR and most other major currencies. The rise can be mainly attributed to better than expected house price data, which helped push GBP/EUR to 1 month…

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Sterling 1 month high against Euro

Sterling’s gains…We have seen a good run for the pound all week, and this morning rates seem stable. At 08:30am rates are as follows: GBP/EUR 1.1724 GBP/USD 1.6558 GBP/NZD 2.5227 GBP/AUD 1.9980 GPP/CAD 1.7874 GBP/CHF 1.7972 GBP/ZAR 12.834 GBP/JPY 158.21…

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Sterling pushes higher, but may not last

Sterling July 2009The pound has pushed much higher this morning following corporate earnings data yesterday, and better than expected house price information for the UK early this morning. As you can see from the snapshot below of rates at 08:30am,…

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