GBP/EUR - Pound to Euro forecasts
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 EUR Sinks Again as Second Rail Strike Looms
The GBP EUR exchange rate was higher on Thursday despite the latest failure of talks over rail strikes, with another walkout set for Thursday. Continued stalemates in talks will hurt the UK economy and business leaders warned of effects on investment and tourism. The pound was higher...
GBP/USD - Pound to US Dollar forecasts
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 USD Exchange Rate Pulls Back as UK Inflation Hits Fresh 40-Year High
The pound briefly retreated into the 1.21 range against the dollar on Wednesday as the mercury continued rising during the UK economy’s latest temperature check. Figures published by the Office for National Statistics showed UK consumer inflation heated up to a new 40-year high in May, stoking...
GBP/AUD - Pound to Australian Dollar forecasts
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...
GBP AUD Weak as RBA Governor Signals 50bps Hike
The GBP AUD exchange rate was slightly lower on Tuesday as markets await the latest UK inflation figures. That will give the pair a direction after some sideways movement to start the week. The RBA Governor provided support for the Aussie dollar by signalling the possibility of...
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