GBP Holds Firm as UK Delivers 2020 Budget After Emergency Rate Cut

When is the best time to exchange my pounds?

Today is a very important day for the pound with the Bank of England meeting to discuss their latest policy decisions. The pound is very likely to slip lower if the Bank of England announce an interest rate cut. If you are buying or selling the pound there are various outcomes to consider, most of which look to be sterling negative. We could be looking at an Interest rate cut of 0.25%, an interest rate cut of 0.5% and some Quantitative Easing. If you are...
Pound Sterling Forecast – Is GBP Likely to Stage a recovery?

Why is the Euro getting weaker and the pound getting stronger?

Wow, what a day on the markets so far and one hell of an interesting week ahead! If you are looking to buy Euros at present then you need to thank the Greeks for making that purchase overseas much cheaper in the last 24 hours. It has been nothing short of madness the way they have been messing around and it has certainly not done the Euro any good as uncertainty once again looms over an already jittery currency market. Couple that with the fact that...
The pound set to make it a hattrick of daily gains versus the dominant dollar

Has Sterling’s Recent Run Come to an End? (Matthew Vassallo)

Sterling has suffered loses across the board during Thursday's trading, causing concern for investors who believed the recent spike was yet to run its course. With almost a cent lost against the EUR and USD, many will now be asking whether Sterling's recent run has finally come to an end. The negative movement against the EUR today came following better than expected Eurozone Retail Sale figures, which have moved rates back through 1.19, reaching a high of 1.1849. the EUR had a received a...
Pound Increases Against the US Dollar Despite Falling Inflation

Sterling still struggling against the Euro & US Dollar (Tom Holian)

Sterling exchange rates have continued to struggle against both the Euro and US Dollar during the course of this week as the UK announced that the current account deficit is currently as much as 7% of GDP. This figure is the highest in history since records began in 1948 and with less than 3 months to go before the EU referendum takes place when the UK decides whether or not to stay in the European Union Sterling is continuing to remain under pressure. Whilst the uncertainty...

The Pound Sterling Exchange Rates due to be Volatile with Bank Of England minutes...

The Pound will face an extremely interesting day on the markets this morning with the Bank of England minutes being released at 09:30am Generally the BOE (Bank of England) and in particular Mervyn King tend not to do much for investor confidence when they make such releases and from my experience in the past few years Mr King in particular tends to talk the Pound down. The main focus will be on two factors - firstly whether or not any more menbers of the BOE voted in...
The US launch a significant stimulus package to stem the economic impact of the Coronavirus pandemic

Article 50 announcement causes Sterling to fall against all major currencies including Euro and...

Over the weekend it has been announced by Prime Minster Theresa May that the UK will invoking Article 50 by the end of March. Rumours have been circling for a while with Foreign Minister Boris Johnson speaking out a fortnight ago and now that we have seen a more official announcement this has caused the Pound to fall against the Euro to its lowest level to buy Euros in 3 years. As previously predicted in some of my previous articles we could see further pressure on...

Sterling under pressure at the end of 2017 (Tom Holian)

The Pound has had a difficult end to the year against both the Euro and the US Dollar as the issue of Brexit appears to still be a big concern for global investors. Although the talks have had a more positive tone recently this has done little to increase the appetite for those holding Sterling which is why we have seen GBPUSD and GBPEUR exchange rates move negatively during the course of December. As we go into next year the Pound is likely to remain under...
Pound Increases Against the US Dollar Despite Falling Inflation

Whats in store for the pound? (Mike Vaughan)

Sterling has had a slightly tougher week this week posting losses against the Euro and US dollar. The biggest losses have been against the greenback having shifted nearly 1 ½ cents with the big move coming yesterday following positive GDP figures stateside. Is this the start of a downturn for the pound? Looking ahead and the next major data for the UK will be Wednesday’s construction and industrial production data at 09:30. Recent figures, although strong, have not been as good as forecast and should...

Where next for the Pound against all major currencies? (Tom Holian)

The Pound has tumbled against both the Euro, US Dollar and all other major currencies since Thursday evening when the first exit polls that were released suggested that the UK could face a hung parliament. The fall continued during early Friday morning when the vote was confirmed that the Tories would not be able to form a majority government. At the moment the Tories are looking at forming an agreement between themselves and the DUP in order to takes things forward. To me this is simply...
Pound Sterling Forecast – Is GBP Likely to Stage a recovery?

GBPEUR hit near 9 month high – Buying Euros – Selling Euros (Steve Eakins)

The Pound has strengthened recently reaching a near 9 month high against both the Euro and the USD. I personally think this represents a great time to buy currency, especially the euro, as I do expect to see a correction down before the month end. Yesterday the Pound did drop slightly as UK Inflation data including Production and Consumer figures both showed a drop. We also saw the Euro gain as German investors’ confidence improved, adding to evidence that Europe’s largest economy is gaining momentum. Today...