Currency Forecasts
Category: Will Pound go up or down against Euro
Pound remains supported
The Pound remains supported, and is holding up surprisingly well, given the political uncertainty the UK currently faces. The speaker John Bercow yesterday said that the PM could not bring her deal back for a third vote as has been…
Read MoreUK employment data helps the Pound
This morning UK employment and wage growth data was released, and the numbers have helped the Pound rise. GBP/EUR is at €1.1370 and GBP/USD is at $.2915. Most of the employment data was roughly as expected. 2 measures beat forecasts…
Read MoreWhat 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…
Read MoreInterest Rate Co-ordination and effect on exchange rates
For the past month Pound/Euro rates have been stuck in a range half a point either side of €1.1350. The last week has seen a little more volatility, with mixed messages from central banks whipsawing the rate as low as…
Read MoreThis weeks data releases and events that could affect Sterling exchange rates
Good morning. It’s been an interesting start to the year for Pound/Euro exchange rates. As you can see from the chart below as the year got underway, the Pound came under pressure due to ongoing ‘Brexit’ uncertainty. However, once Theresa…
Read More