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GBP/EUR - Pound to Euro forecasts
Will the pound weaken again in October?
The pound suffered some particularly volatile movements last week, with GBPEUR rising and falling 7 cents, and GBPUSD 9 cents. This relates to around 6% worth of movement on GBPEUR and 8% on GBPUSD.
Such movements just highlight how volatile currency can be, and indicates why any clients...
Will the Pound rise against the Euro after ONS announcement?
Pound Euro gains this week
The Pound Euro exchange rate has picked up once again towards the end of this trading week after the problems caused by last week’s mini budget. The statement made last week caused the Pound to plummet by as much as 5% during last...
Has the pound recovered? BoE announce emergency intervention
The pound and UK financial markets have been in turmoil over the last few days following the governments mini-budget announcement on Friday, where they pledged to cut taxes by billions of pounds. The budget is un-costed and will have to be debt-financed to cover the cost of...
GBP/USD - Pound to US Dollar forecasts
Pound hits record low against the US Dollar, and drops significantly against the Euro
Yesterday was a very difficult day for the Pound as financial markets appear to have lost faith in both the Bank of England’s monetary policy and the new cabinet’s mini budget.
Last Thursday the new Chancellor of the Exchequer, Kwasi Kwarteng announced his mini-budget outlining plans for a...
Why Are Sterling Exchange Rates So Low? Why Is The Pound Dropping?
Sterling exchange rates have taken another huge hit overnight as the trend of weakness for the pound continued straight at the start of the open on the Asian markets last night.
The Pound dipped all the way down to the 1.02s against the Dollar and the 1.07s against...
Pound Sterling Weakness – Why Is The Pound Dropping So Much?
Sterling exchange rates have taken a huge hit over the course of the days trading, as the new chancellor Kwasi Kwateng's mini-budget appears to have knocked the pound totally out of fashion.
The pound has lost over 350bps against the Dollar sitting in the 1.08 territory, whilst dropping...
GBP/AUD - Pound to Australian Dollar forecasts
Pound hits record low against the US Dollar, and drops significantly against the Euro
Yesterday was a very difficult day for the Pound as financial markets appear to have lost faith in both the Bank of England’s monetary policy and the new cabinet’s mini budget.
Last Thursday the new Chancellor of the Exchequer, Kwasi Kwarteng announced his mini-budget outlining plans for a...
Why Are Sterling Exchange Rates So Low? Why Is The Pound Dropping?
Sterling exchange rates have taken another huge hit overnight as the trend of weakness for the pound continued straight at the start of the open on the Asian markets last night.
The Pound dipped all the way down to the 1.02s against the Dollar and the 1.07s against...
Pound Sterling Weakness – Why Is The Pound Dropping So Much?
Sterling exchange rates have taken a huge hit over the course of the days trading, as the new chancellor Kwasi Kwateng's mini-budget appears to have knocked the pound totally out of fashion.
The pound has lost over 350bps against the Dollar sitting in the 1.08 territory, whilst dropping...
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