Sterling has a tough morning once again red screens on the trading floor becoming...
The Pound has had yet another hard morning against the majority of major currencies, only making gains against the struggling U.S Dollar.
On a relatively thin day of economic data it appears that most investors are shifting funds with regard to confidence and as it is quite clear to see confidence in the U.K and indeed the Pound is pretty damn low.
Tomorrow sees the release of U.K GDP (Gross Domestic Product) figures for quarter 3 and expectations are for the economy to have grown by...
The pound has weakened again. What will happen over the coming weeks?
pound sterling exchange rates have had a fairly flat day and have not been able to regain some of the losses from earlier on in the week. Against most of the major economies the pound is down around a quarter of a percent.
Quiet day for the Pound Versus Euro, Dollar, Australian Dollar, New Zealand Dollar unless...
Good morning readers, today appears to be reasonably quiet on the currency markets for economic data unless you have an interest in buying or selling Canadian Dollars as there are various releases at lunchtime for Canada.
We see inflationary data at 12:00 and retail sales at 13:30pm - Both will no doubt bring volatility to the GBP - CAD rate of exchange.
No major changes from last month are expected so should any release throw up a surprise (which happens a lot on the currency markets)...
Retail Sales add to the latest Sterling misery following spending cuts and minutes yesterday
The Pound has continued its miserable run of form this morning losing nearly 1% against the Euro in early morning trading and we are seeing red screens (losses) against every major currency.
It was clearly going to be a rocky month ahead for the Pound with potential QE (Quantitative Easing), spending cuts being announced (see post below from Aidan) and general economic data slowly starting to become fairly poor.... It poses the question of whether or not we are due to see another miserable winter for Sterling and major...
Ahead of spending cuts later today Pound Sterling makes minor losses against most major...
The Bank of England released their minutes from the previous interest rate decision's meeting and it has led to minor losses for the Pound in morning trading.
Effectively it confirmed what I believe most traders and investors already knew (that further QE was edging closer to being put in place). More members of the MPC had voted in favour of extending the programme and as many of you will know the mere mention of introducing further QE does tend to lead to weakness for the Pound.
I...
7 months since Poundsterlingforecast.com began and it is receiving recognition of the highest level
I have just returned from a fantastic trip to New York to be informed that after a mere 7 months of being started and built from scratch Poundsterlingforecast.com has been included in the top 25 U.K corporate finance blogs in the country by CISION as can be seen by clicking here.. http://uk.cision.com/en-gb/Resources/Social-Media-Index/Top-UK-Social-Media/Finance-Week/Top-25-UK-Corporate-Finance-Blogs/
The other sites in these rankings have been around much longer and are updated by some of the top financial writers in the country so it is extremely pleasing to me seeing not...
Federal Reserve give the go ahead on QE – USD Weakness – Pound generally...
Last night the U.S Federal Reserve (American version of the Bank of England) said full steam ahead for QE in their minutes released at 19:15pm which as regular readers will know led to minor losses for the Dollar against the vast majority of currencies.
Earlier on in the day the Pound lost against most major currencies, due to BOE member David Miles speaking in Dublin - He mentioned that the BOE had to balance the need to bring down inflation against tightening policy too soon mentioning that interest...
Sterling faces quiet day on the market – exchange rate update and forecast for...
The Pound faces a fairly quiet day on the markets today as there is little data due out for the U.K and generally accross the globe.
Those with an upcoming requirement may wish to be aware that over night sees the release of BRC Retail Sales Data at 00:01am which could potentially see large Sterling movement and market volatitity overnight, leading to either a nice surprise or nasty shock whilst eating your cornflakes.
We also see some inflationary and trade balance data out in the morning...
Sterling makes a good start to the week ahead of crucial BOE Interest rate...
The Pound has gained against the majority of major currencies today, making headway of 0.8% against the Euro, 0.18% against the U.S Dollar and over 0.70% against both the Australian and New Zealand Dollar close to the end of trading today.
This is all ahead of a crucial interest rate decision due to come out on Thursday at Midday where we will surely see further comments regarding potential Quantitative Easing in the U.K - The mere mention of this may lead to rapid Sterling losses...
Sterling euro outlook
Sterling has made gains following loses yesterday against the Euro. House price data from the UK came out better than expected (showing a small rise in the cost of property). Sterling gains been halted however, by good unemployment figures from Germany. The data showedlower levels of unemployment which is obviously good news for the German economy, the backbone of Europe. I believe the pound is unlikely to make considerable gains over the euro in the short term as there is significant uncertainty surrounding sterling at the moment. With government cuts...
