Currency Forecasts

Category: What could move exchange rates this week?

This week’s economic data that could affect exchange rates

Good morning. GBP/EUR starts the week around the €1.12 mark, recovering some of the losses we saw last week due to the strengthening single currency. Listed below are the main economic data releases that could affect Sterling exchange rates this…

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What could move exchange rates this week?

Sterling/Euro rates have slipped further today dropping to €1.13, around 1 cent below last week’s 3 month high. The Pound started to fall after some UK manufacturing data came in below forecast. Sterling/Dollar has also fallen by around 1 cent….

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What could affect Pound/Euro rates this week?

Pound/Euro rates rose slightly at the end of last week, after the European Central Bank hinted that they might not look to taper their stimulus measures until the end of the year. This helped weaken the Euro and push GBP/EUR…

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What could move Pound/Euro rates this week?

It’s been a pretty quiet start to the week, with most major exchange rates largely unchanged. Pound/Euro rates have managed to recover slightly from €1.11 to €1.12, due to slightly worse than expected EU PMI numbers yesterday, making the single…

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What could move Sterling exchange rates this week?

As I mentioned in my last post on Friday, poor UK data at the end of last week weakened the Pound and pulled the GBP/EUR rate to €1.13, where it remains today. It has hit support at that level, and…

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