Currency Forecasts

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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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Pound gains on Inflation data / Best rates for holiday money

Sterling rises on Inflation DataThe pound climbed to its highest level in 7/8 months yesterday after much better than expected inflation data. The Consumer Price indec fell to 2.2% last month which is bigger than analysts’ forecasts for a fall…

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Exchange Rates Currency Forecast 2009

Good Morning Let’s take a look at where currencies moved yesterday and the end of last week. EUR The Euro again fell to a 2009 low against Sterling, as a combination of internal member state stresses, banking sector fears and…

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Sterling rates climb to new highs

In trading Wednesday afternoon, rates for the Euro got close to 1.17, which is the highest level since November last year. Sterling jumped to its highest level of the year against the euro on Wednesday after positive UK industrial output…

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