Currency Forecasts

Category: Why has Pound fallen

Pound falls as business activity slows at fastest rate in 7 years

The Pound has taken a bit of a tumble this morning, following the release of UK Manufacturing and Services PMI data. This was the first chance to see what effect Brexit would have on the real economy, as the figures…

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Pound plunges as BoE hints at rate cut

So much for the Bank of England supporting the Pound! The governor Mark Carney has just spoken and warned that interest rates could be cut next month due to the deteriorating economic outlook.  The rate has been at record lows…

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GBP/NZD rates fall from $2.20 to $2.03

Pound/New Zealand Dollar GBP/NZD rates have fallen significantly this month. Only a week or so ago rates were up at nearly $2.20 Kiwi Dollars to the Pound, however it now sits at $2.03. Part of the reason for the fall…

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Sterling/Euro drops away from 4 month high

The Pound has fallen back away from yesterday’s 4 month highs. It’s often the case that when we see a large gain for a particular rate of exchange, in this case GBP/EUR, the gains are short lived as investors take…

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Huge exchange rate volatility GBPEUR, GBPNZD, GBPAUD, GBPUSD

Monday 24th August 2015 It’s incredibly volatile on the currency markets today. Just look at what has happened with Sterling/Euro rates, falling from 1.38 into 1.34’s:     When I opened the trading floor this morning at 8am, GBP/EUR was at 1.38…

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