GBP/EUR - Pound to Euro forecasts
GBP EUR Drops After Bank of England Recession Warnings
The GBP EUR exchange rate was -0.55% lower after the latest Bank of England policy meeting, which saw interest rates rise by another 25 bps. Analysts had been leaning towards a 50bps hike after recent comments from the bank’s governor, and another aggressive 75 bps move from...
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 Nudges Higher Ahead of BoE Announcement
The pound was up on Wednesday against a weaker dollar ahead of the Bank of England’s monetary policy meeting. The central bank will likely hike borrowing costs again – this time at a quicker pace.
Money markets are currently pricing in more than a 90% chance of a...
GBP USD Exchange Rate Weakens as Investors Seek Safe-Haven Currencies
The pound’s sharp rise versus the dollar was blunted on Tuesday by reduced risk appetite amid escalating US-China tensions over Taiwan.
Investors are focused on the Bank of England (BoE) policy meeting this week and a potential quickening of the central bank’s interest rate hiking cycle to rein...
GBP USD Exchange Rate: The Month Ahead August
The pound ended July about 0.1% down against the dollar, extending a disappointing run this year, posting just one month of marginal gains in May. Since January, the UK currency racked up a 10.1% loss amid a faltering economy, soaring interest rates and domestic political uncertainty –...
GBP/AUD - Pound to Australian Dollar forecasts
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...
GBP AUD: Sterling Trudges Higher Against the Aussie
The GBP AUD exchange rate was higher by 0.22% on Monday as sterling shook off earlier gains to remain in positive territory for a fifth-consecutive day. The price action climbed higher, but the pound could still be marking a bottom in the price for further gains.
The Australian...
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