Currency Forecasts
Category: wage growth
Pound and Euro weak, USD strong
Good morning. The Pound weakened yesterday as the rollercoaster of Brexit negotiations continue. One minute a deal is imminent and the Pound rises, then other comments surface that cast doubt on a deal being agreed this week, and the Pound…
Read MorePound moves higher on softening of EU approach to Brexit
We’ve seen a slight spike in Pound/Euro rates this morning to €1.1350, which is within about 1% of the best we’ve seen in 8 months. There have been no data releases to cause the move, and the slight strengthening is…
Read MoreHow could UK Employment figures tomorrow affect Sterling?
Pound/Euro rates remain firm at around €1.14 level, and Pound/Dollar rates were above $1.40 earlier, the highest since the referendum, but have slipped back ever so slightly this afternoon into the $1.39’s. Decent growth forecasts for the UK on Monday…
Read MorePound/Euro lower on Retail Sales and Wage Growth data
The last 24 hours have not been kind to Sterling. Firstly we had wage growth data yesterday showing that wages are rising at a rate of 2.1%. However, inflation is running at 3% so in real terms, incomes are being…
Read MorePound falls on wage growth numbers
After rising to a high of €1.1130 this morning, GBP/EUR rates slipped back by half a cent, following the latest UK jobs data. While unemployment and jobless numbers were better than expected, wage growth was lower than forecast at 2.1%….
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