GBP/EUR - Pound to Euro forecasts
GBP EUR Risks Surrendering the 1.1600 Level
The GBP EUR exchange rate opened the week down -023%, risking giving up key support. KPMG predicts a mild recession for the UK economy next year. The euro saw disappointing figures last week for growth, but traders are happy to give the single currency the edge just...
GBP EUR Exchange Rate: The Week Ahead June 26th
The GBP EUR exchange rate remained close to unchanged this week after the Bank of England rate hike to 1.25% saved the pound sterling from earlier losses in the week. The Bank also said that UK inflation will rise to 11% in the autumn. The next inflation...
GBP EUR Exchange Rate: Weekly Review June 25th
The GBP EUR exchange rate started the week around the 1.1650 level after a bounce from lower levels followed the BoE rate meeting. Markets waited for Wednesday’s inflation numbers but they came in as expected and failed to spark the pound sterling. The UK experienced the largest...
GBP/USD - Pound to US Dollar forecasts
GBP USD Exchange Rate Starts Week in a Desultory Fashion
The pound lacked impetus against the dollar on early Monday amid fresh post-Brexit tensions and ongoing economic growth uncertainty in Britain, before briefly advancing into the 1.23 range on the back of dollar weakness.
Prime Minister Boris Johnson said on Monday that parliament might pass legislation that ditches...
GBP USD Exchange Rate Set for First Weekly Gain in Four
The pound was choppy against the dollar this week, bobbing between the 1.21 and 1.23 ranges, with the currency’s gains tethered by ongoing economic uncertainty and political risk.
Despite its inability to shift through the gears, the UK currency ticked up against a broadly weaker dollar on Friday,...
GBP USD Exchange Rate Buoyed by Better-Than-Expected PMI data
The pound rebounded against the dollar on Thursday following a better-than-expected UK PMI print, but gains were capped by ongoing political risks and recession fears.
S&P Global's composite Purchasing Managers' Index (PMI), covering services and manufacturing businesses, remained at 53.1 in June, above economists’ forecast of 52.6 and...
GBP/AUD - Pound to Australian Dollar forecasts
GBP AUD Pressures the 1.7800 Level Once More
The GBP AUD exchange rate was 0.40% higher on Monday as traders react to stronger than expected iron ore prices for the Aussie economy. The near-term ore prices were helpful to the economy down under but will add volatility.
The GBP to AUD rate has the key 1.7800...
GBP AUD Stands Still at 1.7700 without Catalyst
The GBP AUD exchange rate was a little higher on Thursday with the resistance ahead at 1.7800 still in play but the market lacks a catalyst. British inflation came in at analysts’ predictions and the market may wait for further central bank comments. The UK is still...
GBP AUD Near Resistance with Breakout Possible
The GBP AUD exchange rate was higher on Wednesday with sterling aiming for a third consecutive day in the green. There is resistance from a recent push higher at 1.7800. We could see a rebound in the pound if it can get above there.
The GBP to AUD...
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