Currency Forecasts

Category: Will Pound go up against Euro


Sterling weakness despite strong economic data

Union Jack with Silhouette of London

This week we have seen continued Sterling weakness, even though economic data has been better than expected. Usually when we see data beat forecasts, it strengthens the currency concerned. That hasn’t been the case this week. The UK economy is…

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GBP/EUR falls into €1.11’s before recovering

The Pound/Euro continued to fall after my post yesterday, dropping as low as €1.1177 this morning which is the lowest we’ve seen the pair in about 9 months. We have since seen the pair bounce back however after UK employment…

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Pound/Euro rate rises to €1.14

Pound/Euro rates have staged a recovery today. Initially we saw the pair drop through the morning to as low as €1.13, however just before midday it started rising, and has now levelled off at €1.14 as the chart below illustrates:…

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Poor economic figures push Sterling lower

A raft of economic data was released earlier this morning, and it has weakened the Pound, ending the decent run of strength for Sterling over the course of the last week. The numbers were all worse than expected, showing that…

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Pound remains supported by robust economic data

Good morning. Sterling is still holding firm, and is currently sitting at a 1 month high vs the Euro, and nearly a 2 month high vs the US Dollar. As outlined in recent posts, it’s mainly due to some surprisingly…

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