Swedish Kronor (SEK) exchange rate movement

The GBP has gained just under 5% v's the SEK (Swedish Kronor) this year, although sterling was up almost 10% at the end of June.  Recent loses have been seen across the board for the pound, but can also be attributed to SEK strength to a certain extent.  Economic releases from Sweden have been positive.  A 2% increase in house prices last week, coupled with strong consumer confidence figures has helped support the SEK.  Swedish Bank's have also managed to stay out of the European banking problems, which has had a seriously...

Pound Sterling Forecast – What does the future really hold?

The U.K has a new Government, things appear to be on the up and the country's confidence and indeed the Pound started to creep up directly following what appeared to be a reasonably solid budget to deal with our current economic situation. My opinion on exactly what may happen going forward is constantly changing in line with data releases and different economic circumstances but below I have outlined a few factors that back up my current opinion that over the next few months the Pound...

Inflation figures boost the pound

UK inflation figures this morning came out above expectation with the headline year on year figure showing a 3.1% increase.  High inflation causes GBP exchange rates to improve as it increases the chance of an interest rate hike in the UK.  Personally in terms of forecasting rate rises, I feel it is unlikely that we will see any movement in interest rates before the 3rd quarter of 2011, as I believe the governments austerity measures will dampen inflation.  As more people will be out of work...

Pound Sterling forecast – will it gain strength this summer against Euro, Australian Dollar,...

Good morning to you all! Sterling has faced a rocky few years of late and as all of you will be aware has lost a huge amount of ground against various major currencies. Many of my clients have been asking me of late whether or not this is the start of the turnaround? Well, in truth I think it is against the Euro and Australian Dollar yet we still have a battle on our hands against the U.S Dollar and Swiss Franc. The reason behind my thoughts are as...

Important day ahead for the Pound Sterling – Will the budget be taken well?

Today we see an extremely important day for the Pound against all major currencies and although we may not see any instant movement it will show a good indication as to what may happen going forward throughout 2010. The budget is due to be out at 12:30pm and the new coalition Government will have to get the balance between aggressive cuts in order to combat the deficit and not going too over the top and pushing the U.K back into recession just right. My personal opinion...

What will happen to Sterling after the budget?

The Pound has remained reasonably stable leading up to the budget due to come out on the 22nd of this month. Many clients calling in are now asking me just what I think will happen after the budget..... The truth is I don't know until it is released however the general feeling is that the Pound may take a minor dip immediately after the release due to cuts being extremely harsh, however in the longer term we should see the Pound start to slowly gain...

Pound-Euro exchange rates

Today could be a very volatile day for sterling exchange rates and the Euro against a host of currencies with a big  EU summit to try and tackle the debt issues of the Euro Zone and how they will get economic growth back on track. The pound has taken a hit during the Asian session as a host of negative data came out for the pound yesterday. Unemployment figures were more disappointing than what was expected and consumer confidence in the UK was at an 11...

Pound Weakens On Back Of Inflation Data

sterling exchange rates have taken a hit this morning aganst a host of currencies on the back of some worse than expected inflation data. As of 9.50 am the pound has lost from the high of the morning around half a cent against the EURO and teh USD. With trading also down against the YEN, CAD and RAND it will probably prove to be an extremely volatile day.

GBP EUR exchange rate high and forecast

The pound has made considerable gains in trading this week and currently sits close to a 19 month high against the Euro.  Spikes like this are often short-lived, and in my opinion the pound could lose ground against the Euro next week, falling back toward the 1.17 mark. The good news is that interbank rates are currently more than 3 cents above this level.  If you are looking at buying euro’s over the course of the next month, now could be the perfect time to buy on...

Sterling Forecast – Data that could move exchange rates today

Forecast for sterling exchange rates today