tariffs and jobs data to impact Pound to Dollar rates

Are we still due further losses on GBP rates? (Jonathan Watson)

It is no secret that the pound has been under immense pressure in 2013 but have those losses now come to an end? The three events I highlighted at the start of the year have to varying extents come true. To read my post you can click here. I think personally that the pound has reached a limit against certain currencies which means if you are banking on further improvements you may end up disappointed. This post will outline some of things to beware of, so you can...
GBP to AUD rate rises despite falling UK inflation

GBP to AUD rate rises despite falling UK inflation

UK inflation rate falls to Bank of England target Yesterday morning, the Office for National Statistics reported that Britain’s inflation rate has fallen. The Consumer Prices Index rose by 2.0% in the 12 months to May, down from 2.1% in April and back to the Bank of England’s (BoE) target. Speculation that the BoE will raise interest rates – a favourable outcome for the pound – ensued, but ongoing Brexit uncertainty is likely to scupper any such plans. Despite an easing in inflation on the year,...

Will the February sell-off of the Pound continue? (Joseph Wright)

The Pound has had another testing day as the currency appears to be selling off along with many global stocks, which has hit the headlines recently. Sentiment surrounding the Pound was dampened last week as weak manufacturing and industrial data figures disappointed, and then on Monday morning the data for the services sector disappointed which seems to have triggered a sell-off in the Pounds value against most major currency pairs. The reason that disappointing services data impacted Sterling exchange rates so heavily is because the sector...

GBPEUR forecast – inflation key for GBPEUR levels

Pound Sterling exchange rates have been flat this week in the build up to the new month with the next cycle of economic data. This starts as of today really and we have already had inflation data from the Europeans released less than an hour ago.  Inflation is the real tuff part of the economy in Europe.  Many states are expecting negative inflation and almost deflation which is stopping them from growth and cutting their independent budget deficits.  Inflation is the spending pattern of...

Mario Draghi and the ECB send the markets into overdrive (Dayle Littlejohn)

Yesterday the European Central Bank and the President Mario Draghi sent the markets into overdrive. The European Central Bank confirmed at 12.45 they would be cutting the Interest Rate from 0.05 to 0% and the deposit rate from -0.3% to -0.4%. Further to this the ECB confirmed they would be adding an additional €20bn each month to the Quantitative Easing program. This led to investors selling off their Euro positions to buy other currencies which would lead to higher returns on their investments. Sterling made significant...

Sterling hits a two-day high after positive ‘Brexit’ comments, but is this just a...

After facing an increasing amount of pressure throughout October, the Pound is under less downward pressure this afternoon after some positive comments from a Brexit minister. At the time of writing Sterling is up against every major currency pair, and the reason behind the positive move is down to comments from junior Brexit minister David Jones, who suggested that any UK-EU treaty would be debated by parliament which is Sterling positive news as parliament is generally considered to be favouring a 'Soft Brexit'. By 'Soft Brexit'...
Pound to Canadian Dollar forecast Brexit remains in Limbo

Brexit talks to dominate Sterling Euro exchange rates (Tom Holian)

The Pound has once again moved on to shaky ground during today's trading session as the subject of Brexit is set to once again dominate the headlines and the movements for Sterling exchange rates towards the end of this year. The Pound has dropped by over 0.5% against both the Euro and the US Dollar and we could see further movement over the next couple of days as the Brexit talks commence. The Pound has once again been rocked by political problems as rumours increase that...
GBPEUR rate remains steady as markets await the Autumn Budget

Sterling strength continues Euro weakness and attitude to risk is dropping like a stone.

The Pound has started the week off fairly strongly once again against most major currencies as European woes continue and global risk seems to be getting lower by the hour... I know my shares are certainly tumbling off the back of this news too which is quite depressing! Pretty much daily now we are seeing new problems either economically or politically throughout the Eurozone and it looks like this trend could easily continue. We have France with a new President seemingly unwilling to get involved with...

Brief Update – Sterling gains rapidly against Dollar this afternoon following U.S growth expectation...

The pound has made great gains against the U.S dollar this afternoon following comments from membersa of the Federal Reserve that growth expectations are lower than originally expected, also another member of the Fed has commented that he believes their latest policy will not work... leading to concerns that the Fed are arguing amongst themsleves - not a good sign at all!   Keep your eyes peeled, the week is getting interesting again :)
Pound to CAD rates: Fears over a no-deal Brexit starting to resurface

Pound to CAD rates: Fears over a no deal Brexit starting to resurface

Pound to CAD rates have fallen this week, with the Pound losing approximately two and a half cents against the Loonie. The Pound was trading close to 1.75 and at one stage last week and looked as if it may finally make some inroads above 1.75. This has proved to be a key resistance barrier for Pound to CAD rates in recent weeks and continues to provide plenty of protection for those clients holding CAD. However, as so often has been the case during the...