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GBP/EUR - Pound to Euro forecasts
GBP EUR: Halifax Sees Signs of Housing Slowdown
The GBP EUR exchange rate will look to bounce back from last week’s losses. Halifax released new data hinting that house prices may have peaked with a 0.1% slowdown. That comes after inflation and interest rates soared, putting pressure on the mortgage market.
The Bank of England’s forecasts...
GBP EUR Advances Despite Better German Trade
The GBP EUR exchange rate was back at the week’s highs despite a better trade balance from Germany. Europe’s largest economy saw a meagre trade surplus, but added an extra five billion euros in net trade.
The GBP to EUR traded at 1.1970; it is still shy of...
GBP EUR Holds Gains After House Price Data
The GBP EUR exchange rate held gains above the 1.1900 level on Tuesday after Nationwide house price data came in near expectations. The 11% annual price increase was still a gain on the month; higher interest rates have not yet punctured the uptrend. Spanish unemployment made surprise...
GBP/USD - Pound to US Dollar forecasts
GBP USD Exchange Rate Steady Amid 40-Year High Inflation
The pound was little changed on Wednesday following data that showed UK inflation soared to its highest level in more than four decades last month. This has left the Bank of England (BoE) in a catch-22 situation, with its attempts to cool inflation by hiking interest rates...
GBP USD Exchange Rate: The Week Ahead August 14th
GBP USD meandered between the 1.20 and 1.21 ranges last week before US inflation data dealt the dollar a chastening blow, catapulting the pair higher.
The cooler-than-expected consumer prices report for July spurred expectations that the US Federal Reserve will become less aggressive when making its next interest...
GBP USD Exchange Rate Slides after GDP Data Shows British Economy Shrank in June
The pound tumbled against the dollar on Friday after eagerly awaited growth data showed Britain’s economy contracted in June – but by less than feared.
The Office for National Statistics (ONS) said gross domestic product (GDP) dropped by 0.6% in June – the most significant contraction in 17 months but...
GBP/AUD - Pound to Australian Dollar forecasts
GBP AUD at Pivotal Point as Tensions Rise between Australia and China
The GBP AUD exchange rate fell for most of the week with weaker economic outlook for the UK and the Bank of England (BoE) forecasting a recession in Q4 2022.
The BoE raised its inflation outlook to 13% for the British economy, which will continue to strain the economic outlook. Data...
GBP AUD Slips After Australian Retail Sales Rise
The GBP AUD exchange rate was lower by -0.14% as Australia released new economic data and investors cut positions ahead of the Bank of England rate meeting on Thursday. Retail sales were up by 0.2% in June for Australia, while PMI figures showed expansion in services.
Markets now...
GBP AUD Surges After RBA Hikes Rates Again
The GBP AUD exchange rate was higher by 1.0% on Tuesday after the Reserve Bank of Australia hiked by another 0.50%. The move took Australian interest rates to 1.85%, higher than the 1.25% in the UK. The BoE will have a turn on Thursday, but a maximum...
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