GBP/EUR - Pound to Euro forecasts
GBP EUR Slips with Inflation at a 40-yr High
The GBP EUR exchange rate was -0.36% lower on Wednesday after UK inflation was seen hitting a 40-yr high. Inflation was seen hitting 9% in April, according to the Office for National Statistics. Britain now has the highest level of inflation amongst the larger European nations. The...
GBP EUR Higher on Employment Market Boost
The GBP EUR exchange rate was 0.36% higher on Tuesday after jobs market figures were better than expected. For the first time ever, there are more job vacancies than people to fill them, and wages are also rising. Employment surged by 83k in the three months to...
GBP EUR Dips Ahead of UK Employment Figures
The GBP EUR exchange rate dropped -0.23% on Monday and will await today’s UK employment figures for direction. The markets are expecting a small addition of 5k jobs in the UK workforce after last month’s 10k. Hirers may be pulling back as costs rise for business owners....
GBP/USD - Pound to US Dollar forecasts
GBP USD Exchange Rate Feels Weight of 40 Year High Inflation
The pound ran out of steam against the dollar on Wednesday having accelerated to within touching distance of the 1.25 benchmark the previous day.
The UK currency reversed most of the gains made on Tuesday – when it touched its highest level since 5 May – after the...
GBP USD Exchange Rate Jumps to Highest Since 5 May on Firm Jobs Market Figures
The pound was catapulted to its highest level since 5 May against the dollar on Tuesday following the publication of robust jobs market numbers.
News that Britain's unemployment rate dropped to its lowest since 1974 in the first three months of 2022 cemented expectations that the Bank of...
GBP USD Exchange Rate Struck by Worsening Risk Sentiment
The risk-sensitive pound was tripped up by weak Chinese data on Monday having recovered from a fresh two-year low at the end of last week.
Waning investor confidence was compounded by reduced bets on the pace of Bank of England (BoE) rate hikes this year.
In April, money markets...
GBP/AUD - Pound to Australian Dollar forecasts
GBP AUD Moves Lower After UK Inflation Report
The GBP AUD exchange rate was -0.40% lower on Wednesday after the latest UK inflation report saw prices at a forty-year high. The latest numbers will intensify pressure on the UK government to act and protect struggling households, while there is also a potential for higher prices...
GBP AUD Jumps on UK Employment Surprise
The GBP AUD exchange rate was 0.63% higher on Tuesday and pressing against the recent resistance after UK employment beat analysts’ estimates. The market was expecting a small increase of 5k jobs, but the UK added 83k jobs for the three months into the end of March....
GBP AUD Consolidates with UK Employment Due
The GBP AUD exchange rate was -0.10% lower on Monday as the UK economy awaits the release of employment figures. Markets are looking for a measly 5k jobs added to the UK, with only 10k in the previous month. Higher costs for business are slamming the brakes...
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