Currency Forecasts

Category: Will Pound go up or down


Pound falls as chances of No Deal Brexit increase

Good morning. The Pound has fallen this week, as markets reacted to increased chances of a No Deal Brexit. Last week, after the Bank of England interest rate decision, governor Mark Carney gave warnings of the impact of the UK…

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How will BoE Interest rate rise affect Sterling?

Sterling remains supported against both the Euro and the US Dollar ahead of this week’s interest rate decision from the Bank of England. GBP/EUR in particular has also continued to be supported by the fact the Euro is weaker due…

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Will Pound/Euro rates go up or down?

GBP/EUR spent most of last week getting very close to €1.20 without managing to sustain a breakthrough; a trend we’ve seen on 6 separate occasions since last summer. It was never very likely that we would see rates breach this…

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Pound stable as Brexit begins

After starting the day low against the Euro yesterday, Sterling actually recovered back to the mid €1.15’s after Theresa May officially started the Brexit process by triggering article 50. It was a challenge to foresee what would happen to exchange…

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Very important week ahead for exchange rates

In my recent post I outlined the reasons that the Pound may fall further, and that proved to be the case. We saw poor UK data on Friday that weakened the Pound, and the Euro gained strength on rumours that…

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