Pound Sterling Forecast – Is this the calm before the storm?

For those of you that have been following the markets lately you will be well aware that Sterling has remained fairly flat and has remained in a tight range against most major currencies. In fact, last week was the least volatile week for Sterling exchange rates we have witnessed since February 2016. Although this is frustrating for those of you waiting for that market spike in your favour, at least the rate has not moved against you too much, which could easily have happened with...

Interesting start to the week for Sterling exchange rates – Pound gains against some...

Sterling has had a reasonably volatile day considering that we have had very little in terms of economic data out, with political issues appearing to be the main driver of the market. We have had news from Germany that Angela Merkel is due to lead her fourth Government due to a coalition being formed, which is good news for the Euro. On the flip side, we have had the result from the Italian election too which may lead to a period of uncertainty for Italian...

A new month tomorrow brings a host of economic data to round off the...

Following a reasonably flat February we enter a new month tomorrow and with that we will have a flurry of economic data along with a speech by Theresa May which will round off the week. Today those looking to buy foreign currency with Sterling or to bring foreign currency back into the Pound may wish to be wary of month end flows today, the final trading day of the month can lead to fairly large movements as traders, funds and financial institutions look to balance...

Important day for Sterling exchange rates – Unemployment, wage growth and comments from the...

Today we have a fairly important day for Sterling exchange rates. Today's unemployment and average earnings figures will be key for Sterling’s performance for the rest of the week, not only is it a key economic data release for the U.K but it will also be closely watched by the Bank of England too, as this data will have an impact on their next move on interest rates. Average earnings figures will be the key figure they will be looking for improvement on, one of the...

Brexit Talks and Average Wage Growth set to cause volatility for Sterling (Daniel Johnson)

Brexit Negotiations continue to dictate the Pound’s value Theresa May will be in with her cabinet minsters this week at Chequers until they have set out the frame work for a Brexit plan that includes a high level alignment between UK and EU laws. May hopes to unite leavers and remainers from her cabinet in order to push forward Brexit negotiations. She will attempt to reassure Eurosceptic ministers that Britain will be able to move away from EU rules over time under “managed divergence”. They are expected...
Will GBP Hold Onto Last Week’s Late Gains?

Pound Sterling Forecast – The week ahead

Last week saw the Pound's losses continue, despite the speech on Wednesday from Boris Johnson during which he attempted to galvanise the British public into banding together and tackling Brexit with positivity. Without any further clarification on the UK's post Brexit position this seemingly did little to change market perception. Early next week, on Tuesday, the RBA will release their previous meeting minutes. This is followed on Wednesday by UK inflation report hearings; inflation will be closed watched by the BoE when deciding on a...

Pound Sterling has a volatile week of trading against all majors

This has been an extremely interesting week for those following Sterling exchange rates, especially during the final few trading days. With global stock markets all over the place, the bank of England hinting at a potential interest rate rise and Brexit comments all having an impact, let alone economic data this really is a hard market to call at present. Sterling started the week off on a low due to the worst PMI (Purchasing Managers Index) we have seen in the past 16 months and then...

U.K Unemployment and average earnings figures tomorrow to impact Sterling exchange rates

Tomorrow we have the release of key unemployment and average earnings figures for the U.K at 09:30am. This data will be key for the performance of the Pound not only throughout tomorrow but as we head towards the end of the week. Unemployment levels are predicted to remain at 4.3% so as long as there are no surprise alterations to this I do not expect any major dramas, however there will be a lot of focus on average earnings and if we have any improvement there. The...

Sterling exchange rates still remain flat – Retail Sales the next key data release...

So far this week the Pound has failed to see any large movements in either direction against the major currencies. The key piece of economic data left to come out over the course of this week will be Retail Sales figures which are due out on Friday morning at 09:30am. Expectations are for a fairly positive release which may give the Pound a solid end to the week as we find out how the retail sector performed during the festive season. Is the Pound undervalued? Since the...

Sterling exchange rates – The rest of the trading week ahead – Plenty of...

We have had a fairly quiet week so far for Sterling exchange rates but I am certain that this will change as the week progresses, here are some of the highlights still to come that may impact your exchange rate. GBP/U.K Data For those following Sterling exchange rates against any major currency we do still have a lot for the market to feed off of, not only are there on-going brexit talks over the course of the week, but we also have plenty of market data...