Currency Forecasts

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Pound Remains under Pressure

Yesterdays TradingSterling extended gains against the euro yesterday in early trading, hitting the day’s high after Bank of England policymaker Adam Posen said he expected the UK currency to trade higher against the euro in the medium term. His comments…

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Outlook for Sterling Exchange Rates

EURAs against most other major currencies, Sterling weakened against the Euro in the early stages of last week, with the GBP/EUR rate trading at a low of 1.1528 on Wednesday. Positive sentiment towards the Eurozone economy and Euro were boosted…

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Pound gains against USD & EUR

Sterling GainsYesterday we saw the pound make significant gainst against both the single currency and the US Dollar. We’ll take a look now at what caused the rise, and where rates may head in the coming months. The pound jumped…

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Sterling remains on back foot.

Rates as at 08:30amGBPEUR 1.1561GBPUSD 1.6104GBPAUD 2.0579GBPNZD 2.5545GBPCAD 1.8701GBPZAR 13.0682 Yesterdays TradingSterling extended losses yesterday, hitting a 1 month low against the US dollar and the Euro after weak UK manufacturing output data on Tuesday further clouded optimism that the…

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Sterling remains weak following poor data

Sterling’s Weakness against the EuroSterling fell across the board yesterday, hitting a 1 month low against the EUR after weak UK industrial production data fanned further doubts that the economy is in for a quick recovery. The news dashed hopes…

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