GBPEUR rate remains steady as markets await the Autumn Budget

Pound sterling predictions for this week! Is the pound about to take a nosedive?

All I seem to be hearing and reading is that Mark Carney will be launching lots of QE next month. I couldn't rule this out but the generally much better data for this month I think removes that possibility. In fact I would not be surprised to see sterling find strengthen once this is proven. Markets often move more on rumour and sentiment then fact and this is really being shown lately! Important Sterling News this week comes in the form of a couple of...
GBPEUR rate remains steady as markets await the Autumn Budget

Sterling crashes as negative sentiment surrounds the Pound, will it’s value continue to decline?...

The 52 week lows for Sterling exchange rates have deepened further during today's trading session, and in the early hours of today's trading session the marketplace was unsure as to exactly why. Most are pointing in the direction of trading algorithms, or automated trading to put it simply, after in the early hours of this morning the Pound was sold off extremely heavily before correcting somewhat, although not back to the levels we saw prior to this almost unprecedented move. The drop against the dollar was...

Will the pound rise or fall when Article 50 is triggered?

Subject to some last minute surprise any day now Article 50 will be triggered which will officially launch the beginning of the UK's official process to leave the European Union. The previous consensus seemed to be that this would be negative for the pound but in recent weeks we have seen a growing belief that we might actually see the pound strengthen. There is no precedent for Article 50 being triggered so it is impossible to accurately predict what will happen making preparation all the more...
Pound to US Dollar forecast Sterling continues to slide against the USD will GBP continue to fall?

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US/China trade war escalates

Oil Prices and effect on Exchange Rates (Tom Holian)

Historically speaking when oil prices fall this often helps to strengthen the US Dollar. This happens because the US is a huge importer of oil so when prices are low this means the US can import more cheaply and then use cheap oil to increase manufacturing and increase growth. With the US leading the race for who has the strongest economy in the western world this news of a 5 year low on oil prices is likely to keep the Dollar strong against the Pound...
Pound to US dollar forecast Sterling weakens as Brexit enters crucial week, will GBPUSD exchange rates fall further?

Sterling weekly round up, ‘Brexit’ update and the week ahead (Dayle Littlejohn)

Towards the end of last week Sterling lost approximately 2 1/2 cents against the Euro and US Dollar. For people purchasing properties abroad this means a 200,000 purchase of Euros would cost an extra £3,000 and US dollars £2,400. Sterling started to decline once Tata Steel a major steel company based in the UK announced they could be shutting one of their major ports, which means many jobs, would be lost. The company has said they are making a loss at present and I fear...
Pound to US Dollar forecast Bets increase on 50 basis point interest rate cut from the Fed What could happen to GBPUSD?

The pound surges in late trading but further losses are expected in the days...

Sterling has today had an extremely volatile day's trading all mainly due to the uncertainty of the Scottish referendum. It is currently playing havoc with the pound and today we have seen a high to low spread against the Euro from 1.2397 to 1.2543 and over a cent high to low against the USD. The last poll showed there was a 50/50 split but we are expecting an update tomorrow and any signs that the YES vote is ahead once again expect to see further...
Euro to Pound outlook: European Central Bank considers interest rate cut where to next for EURGBP exchange rates?

Pound Sterling exchange rates steady ahead of key interest rate decisions due out tomorrow

Sterling exchange rates have remained reasonably steady in trading today as we await a number of key economic data releases towards the end of this week. The one big mover was once again against the Australian Dollar where once again we saw comments overnight from the RBA (Reserve bank of Australia) that the strong Australian Dollar was still a problem for the Australian economy opening the door for some type of weakening in the coming months. markets do move on speculation as well as fact...
Pound to US Dollar rate GBPUSD exchange rate uncertainty owing to mixed US jobs report

Exchange rates for buying Euros and Dollars hold onto gains with Supreme Court decision...

This nervous market has delivered something rarely seen in this post-Brexit landscape...rates for buying Euros and Dollars have held their value after a powerful day for Sterling on Tuesday. For those unaware, Theresa May delivered a very measured and confident speech yesterday which received praise from global financial markets, shown by the massive buy up of Sterling which saw GBP/EUR, GBP/USD (in particular), GBP/AUD and GBP/CAD benefit. Sterling to US Dollars saw its biggest single daily rise since October 2008. And what was the root cause?...
Pound to Euro forecast Will Sterling make further gains against the Euro next week?

GBP/EUR exchange rates next move all down to Bank of England decision

GBP/EUR exchange rates have remained fairly stable over the course of the trading week, keeping within similar levels that we have seen in recent weeks. Yesterday, European economic data failed to impress but that was still not enough to break the pairing out of this range and had very little impact on market levels. Brexit appears to be holding back the Pound from making any major positive movements against any currency at the moment, the uncertainty that it brings is casting a grey cloud over the...