Currency Forecasts

Category: Where does the best foreign exchange rates

GBP/EUR rates flat as BoE take no action

Today’s Bank of England announcement was a bit of a non-event, and didn’t affect exchange rates too much. All 9 members of the Monetary Policy Committee (MPC) voted to keep interest rates on hold, and not to increase the Quantitative…

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Pound makes slight recovery, but forecasts remain gloomy

Sterling has recovered slightly today, following much better than expected Manufacturing and Industrial production figures. Later this afternoon we’ll have a GDP estimate for the UK, with the actual true reading coming next month. It should be noted however that…

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