Currency Forecasts

Category: US Dollar


US dollar weakens on Fed comments

US dollar exchange rates have fallen this afternoon, particularly against the Euro to bring rates below 1.15 for the first time in nearly three months. Movements have been attributed to comments made by Federal Reserve president Raphael Bostic who suggested…

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Sterling rallies on Brexit breakthrough

Sterling has rallied to reach multi year highs against a number of currencies with notable moves being seen against the US dollar, Euro and Australian Dollar.

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GBP/EUR and GBP/USD – What could impact the currency market today?

Following yesterdays spring statement the pound had a relatively strong day posting gains against most of its majors. At its highest GBP/EUR peaked just shy of 1.13, up from last weeks low of 1.1150 and GBP/USD pushed back close to…

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US dollar surge halted

In the past 24 hours we have seen a significant swing for cable (GBP/USD) with the high/low range from 1.4095 to 1.38 or just over a 2% spread. Much of the movement came following yesterday afternoons inflation data which in…

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Stock market correction lends support back to the pound. What could happen to sterling exchange rates?

Following Mondays bleak day for global stocks in which the Dow Jones fell by 4.6%, its largest daily loss since 2011, markets have made some what of a recovery lending support back to the pound. In particular we have seen…

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