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GBP Forecast – will we see a rate hike in August?

Bank of England

As forecast by my colleague Alastair rates have pushed back through the 1.14 level today following the latest Bank of England interest rate meeting. As expected, the central bank held its key base rate on hold at 0.5% but it…

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Sterling rebounds ahead of tomorrows US jobs data

Sterling has found a small level of support against the US dollar this morning, in a move which could be short lived ahead of tomorrow’s key US jobs data. We have seen sterling now push to a high of 1.3325…

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What could impact the pound this week? GBP/EUR and GBP/USD outlook

Sterling has found some support this morning against the Euro with the pound pushing to a near 10 day high against the single currency. Levels have reached a high of 1.1465 up from last weeks low of 1.1345, possibly an…

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What can we expect for the pound this week?

Sterling of late has been on a poor run, having posted a near two cent loss against the Euro since late April and a near 7% loss against the US dollar in a little over 6 weeks. These losses have…

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Weaker UK PMI figures add to sterling’s woes

Sterling exchange rates have come under pressure again this morning following weaker than forecast UK Purchasing Managers Index (PMI) data released at 09:30 this morning.  Figures were forecast to come in at 53.5 but were weaker posting levels of 52.8.

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