Will The Pound Keep Rising This Week?

The Pound has had a fairly good week or two against most major currencies, so I thought I would look at the probability that Sterling exchange rates would continue to gain ground against them over the course of this week. Now that the Autumn statement has passed without any huge drama, unlike Kwasi Kwarteng's attempt, there is a feeling that there is a little more confidence in the U.K and investors are starting to head back into UK stocks and shares, thus heightening demand for...
GBP EUR Higher Despite Dip in Inflation Figures

UK Inflation Rises Once Again ! Will the Pound Rise or Fall on the...

UK Inflation has risen to 11.1%, which is a 41 - year high. The pound is weaker against many currencies on this news, as the damage of rising prices to the economy is considered. Inflation has been a real problem for not just the UK, but also the global economy as central banks are forced to raise and adjust interest rates to combat the rise in prices of goods and services in the respective economies. Sterling might typically be stronger on the back of expectations that...
GBP EUR Exchange Rate: The Week Ahead June 12th

Will the Pound recover its recent losses against the Euro?

Despite the rate of cable (GBP/USD) climbing as a result of US Dollar weakness, the Pound has been slowing softening against the Euro throughout November so far. Between the middle to late October the Pound remained a good few cents above its current trading levels against the Euro, and even climbed above 1.1650 at one point offering Sterling sellers a good opportunity to make their GBP/EUR currency exchanges. The climb in the Pound last month was a surprise as Sterling climbed by almost 10-cents from the...
GBP EUR Exchange Rate: The Week Ahead August 15th

Important week for Sterling exchange rates with economic data and the Autumn statement due...

We have a really important week ahead for Sterling exchange rates, with a number of key economic data releases due over the course of the trading week, and the delayed Autumn Statement to be delivered on Thursday. There are still concerns over the outlook for the U.K economy, so economic data is being watched closely by investors, and we have some key releases over the next few days which could cause the pound to be particularly volatile. Tomorrow morning we have unemployment data, expectations are for...
GBPEUR Looks Vulnerable but Data Will Decide

Will the Pound fall further due to recession fears?

Despite trading within a thin range against the Euro last week, the Pound experienced a pretty significant drop against the US Dollar as the week progressed, making the cost of buying US Dollars with Pounds a lot more expensive. Sterling saw a fall of 3% over the week’s trading, and this was the biggest drop for the Pound against the US Dollar since late September. At the end of September the former Chancellor of the Exchequer gave the disastrous mini-budget which saw the rate of...

Strong start to the week for Pound Sterling – What could this week bring...

We have seen a strong start to the trading week for the Pound against every major currency, as Sterling exchange rates have bounced back from losses towards the end of last week. The Pound did drop off at the back end of the week due to a fairly dovish tone set out by the Bank of England at the BOE interest rate decision, where the markets were informed not to expect as greater hike in interest rates in the coming months as had been originally...
Pound to Dollar Rate Drops to One-month Low

Will the Pound Rise again after Bank of England Predicts Prolonged Recession and Lower...

The pound has been lower following the Bank of England announcement to raise interest rates by 75 basis points. This is actually counter intuitive, since typically, a rise in interest rates will strengthen the currency concerned. The reason sterling has dipped, is that this record 75 basic points rise was actually predicted to take place, and therefore the market had 'priced' it into their calculations and assessment of the market. Expectations ahead for the pound are now lower, with the Bank of England less likely to...
GBP AUD Slumps After UK Cabinet Resignations 

Sunak’s presence steadies the Pound for now, but what do the experts predict for...

Rishi Sunak’s presence as Prime Minister has so far steadied the Pound after one of the most volatile periods for the Pound in recent years. The end of September and beginning of October was perhaps the most volatile period of trading for the Pound since February 2020 when the seriousness of Covid became evident. Prior to this period of volatility, the vote in favour of Brexit during the summer of 2016 was perhaps the most volatile time for the Pound. Those of our readers hoping...

Pound Sterling Forecast – Sterling starts the week on the front foot

Sterling exchange rates have started the week off fairly positively against most major currencies, most notably continuing the strong finish to last week against the Euro, with GBP/EUR now sat above 1.1650. The reason this pairing in particular has moved in Sterling's favour more than others is down to the ECB (European Central Bank) interest rate decision and press conference delivered by Christine Lagarde on Thursday. The ECB did raise interest rates as expected, however there was a slightly dovish tone around this hike, there were...
GBP USD Exchange Rate Falls to Two-Year Low Amid Political Uncertainty 

Will the Pound Continue to Rise as Rishi Soothes Market Nerves?

The pound has been performing near the top of the recent ranges as the new UK Prime Minister Rishi Sunak takes office. Sterling has rebounded back into the 1.15s on GBPEUR and GBPUSD, presenting much improved times to buy a foreign currency when selling the pound. As Rishi himself has stated, the UK faces some major challenges with inflation running at 10% and fears over stagnation and recession likely to harm the economy ahead. Rising interest rates are going to increase borrowing costs for millions...