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Interest Rate speculation weakens Sterling
Good morning. The Pound has fallen away this week, due to speculation about when interest rates may rise in the UK. In today’s post we’ll take a look at why the Pound has fallen against the Euro, and whether the…
Read MorePolitics and Central Banks to affect GBPEUR this week
Good morning. GBPEUR rates have slipped into the €1.13’s this week, giving up the gains we saw last week. GBPEUR rose into the €1.14’s after the European Central Bank (ECB) cut growth forecasts. this had weakened the Euro and pulled…
Read MoreSterling falters as interest rates held at 0.5%
Today Bank of England (BofE) Governor and his Monetary Police Committee (MPC) members decided to keep interest rates on hold at 0.5%. As my colleague Alastair suggested in his post earlier this week sterling has fallen against all major currencies as…
Read MoreSterling pushes back through 1.15
Sterling has pushed back through the 1.15 level against the euro following comments made my European Central Bank (ECB) head Mario Draghi. During his speech Draghi reiterated that interest rates will remain unchanged well until after their bond buying programme…
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