GBP to USD forecast GDP figures to provide short-term focus for the Pound

When is the best time to Transfer your Currency? (Daniel Johnson)

Sterling is looking very weak at present having fallen in value against all major currency pairings. The pound is suffering due to a series of poor data releases. There has been poor manufacturing, industrial and retail figures of late, not to mention the shocking trade deficit data. The main factor in Sterling's weakness however is the EU referendum. Current FT polls show 44% of the UK population wish to remain in the EU, 41% wish to leave and 15% remain undecided. It is an...

Sterling – Australian Dollar exchange rates hit 1.60 as I predicted at the start...

        The Pound has hit 1.60+ against the Australian Dollar today as mentioned in the post below earlier this week. http://www.poundsterlingforecast.com/2013/06/03/pound-sterling-forecast-the-week-ahead-what-may-happen-for-the-pound-this-week/   We aren't always 100% right (otherwise we would be billionaires!!) But anyone reading the information looking to buy Australian Dollars at the start of the week that has held out because of it would have gained well over 2% - That is an extra AUD 6,400 on a £200,000 purchase which makes a huge difference. If you would like assistance on any currency exchange that you need...

Brief Summary on Exchange Rates this week

Beginning with GBPEUR exchange rates we have seen the UK growth forecasts pushed up by Mervyn King this week which has seen Sterling gain against the Euro and with France announcing a triple dip recession this has also seen support for Sterling. It seems also since the Quarter UK GDP figures helped the UK itself to avoid the triple dip a little bit of confidence has returned for the Pound. The Euro has also felt the effect of weak inflation which highlights the slowdown...
Pound to US Dollar forecast Volatility expected for GBPUSD exchange rates

Tomorrow’s BoE Interest Rate Decision Key for Sterling (Matthew Vassallo)

Sterling’s short-term valuation is likely to be determined by tomorrow’s Bank of England (BoE) interest rate decision and subsequent monetary policy statement. The majority of investors and analysts alike feel that a rate cut and/or an increase in monetary policy is likely, in order to support our stagnating economy. This outcome is likely to be at least in part, factored into Sterling’s current valuation. Therefore whilst I do not expect a rate cut to boost the Pound’s value, we may not see an overly...

Sterling Exchange Rates Under Pressure – Growth Outlook Revised Down (James Lovick)

The pound has suffered a torrid week against most of the major currencies with the final nail in the coffin hammered by Bank of England Governor Mark Carney yesterday. The Bank of England have revised down the growth outlook for the UK which saw an immediate fall in sterling exchange rates across the board. Concerns over a potential slowdown in the UK economy as a result of higher inflation and weaker wage growth could see economic growth fall lower in these coming months and the...

Sterling Under Pressure

Sterling has come under further pressure during Friday’s trading, with heavy losses against all of the major currencies. The Pound has been suffering for some time but following today’s negative downturn the key question is how much further can it fall? The catalyst for today’s move was this morning’s poor UK Manufacturing data and an upturn in the same release for the Eurozone. This solidified Sterling’s losses form yesterday, with GBP/EUR rates falling almost 2 cents during the day, hitting a low of 1.2463. The...

Sterling continues strong run posting gains against most majors this morning – what data...

As my colleague Daniel mentioned below we have seen some fantastic moves for the pound this week breaching 1.22 against the Euro for the first time since June 2010 and creeping past the 1.60 mark against the USD. We have also seen strong gains against the Swiss Franc (CHF) gaining 1.1% through the week, 1.5% against the Australian Dollar (AUD) and 2.2% against the New Zealand dollar (NZD). This is creating some fantastic opportunities based on recent trends and we have plenty of clients...

Pound Sterling Forecast – 24.08.12 – How to get the best sterling exchange rates

UK GDP Figures just released showed the Economy shrank less than expected. The revision upward from -0.7 to -0.5% was not wholly unexpected and despite being an improvement is nothing to get too excited about. I expect the pound will continue to struggle against most currencies and anyone holding out for major improvements in the short term should brace themselves for further losses. The best options for managing currency risk will be different for each situation as each client will have their own specific requirements and limitations with which...

Sterling exchange rates start to retract after a huge leap of strength as predicted...

Last week I said in my post that I thought the Pound would have a fairly good week and that prediction came true, by even more than I originally thought it might. This movement was mainly down to a higher inflation reading on Tuesday, great unemployment figures on Wednesday and Then the Bank of England talking up the chance of an interest rate hike on Thursday. Investors and speculators alike all jumped into the Pound as the week progressed and we hit multi month highs against...
Pound to US Dollar forecast Sterling continues to slide against the USD will GBP continue to fall?

Have I Missed The Boat On Sterling?

In my previous couple of blogs I have mentioned that I felt sterling has been over-valued and in particular that Aussie and Kiwi buyers should cash in, but what should you do now if you have missed the boat?  The difficulty is not letting your heart rule your head and hoping the exchange rate moves in your favour.  Also dont assume that because a currency is rising against one particular currency, that it will rise against all of them.  Also it is important to...