Pound Sterling Forecast – GBP to Weaken in the Coming Weeks?

Sterling drops as YouGov poll indicates a Hung Parliament in next week’s General Election!...

At 10pm last night the most recent poll released from YouGov sent Sterling exchange rates downward, as the gap between Labour and the Conservative party has slimmed over the past week. Sterling had originally gained off the back of Theresa May's (UK Prime Minister) plans to call an election on the 8th of next month, as financial markets expected a clear majority for her Conservative party and this expectation of political certainty strengthened the Pound. In the wake of her calling an election the Pound...
Pound to Dollar forecast: Sterling continues to decline against the US Dollar

UK Interest Rate decision due to cause volatility for Sterling Euro and US Dollar...

Tomorrow the Bank of England will take centre stage when they announce their latest interest rate decision for November. Since the vote to leave the European Union back in June the central bank cut rates to 0.25% in an attempt to stabilise the UK economy but this has been publicly criticised by some senior politicians. Bank of England governor Mark Carney has been outspoken since the Brexit and has stated he is not too concerned over the fall in value of Sterling. Therefore, to me I...
GBP USD Exchange Rate: The Week Ahead October 24th

Sterling Exchange Rates Fall Across the Board after German Publication Today (James Lovick)

The pound has fallen across all of the major currencies today ahead of a speech tomorrow lunchtime from Bank of England Policy maker Andy Haldane. The pound appears to have slipped sharply on a statement from the German BDI industry association (the equivalent of the Confederation of British Industry) which is putting German companies in the UK on notice that they should prepare for the possibility of a very hard Brexit. The body responsible also highlighted that there was a lack of clear direction from...
GBP EUR Exchange Rate: Weekly Review July 16  

Great opportunities for buying the pound with Dollars and Euros as sterling slides. (Ben...

The pound came under extreme pressure yesterday during one of the most interesting interest rate decision to hit the markets for years. The new Governor of the Bank of England Mark Carney completely changed tactics compared to his predecessor Sir Mervyn King. It seems to be a first from what I can recall where the Bank of England are feeding the markets an insight into their future stance on rate decisions and monetary policy.  The Bank kept interest rates on hold at 0.5% and did...
Pound to Canadian Dollar forecast Brexit remains in Limbo

GBP Forecast – UK Unemployment Rate & Brexit Deal Driving Sterling’s Value (Matthew Vassallo)

Sterling has made gains across the board this week, following confirmation that the UK & EUR have all but agreed on the terms for a Brexit transitional deal. This has helped to alleviate many of the concerns that the UK was going to be left in a state of economic limbo following our separation and as such investor confidence has started to return to the Pound. This positive trend was cemented this morning following the latest UK Unemployment figures, which came out better than expected at...
GBP USD Exchange Rate Slides after GDP Data Shows British Economy Shrank in June 

Pound Sterling Forecast – The week ahead (Daniel Wright)

This week seems much busier than in terms of economic  data with the following due out that may have an effect on exchange rates: Overnight we have the RBA (Reserve Bank of Australia) Interest rate decision and although no major changes are expected regarding interest rates speculators and investors alike will still be focused on any comments in the RBA rate statement which may give us some insight on future economic policy over in Australia and may lead to a volatile Australian Dollar overnight. Tomorrow morning...
GBP USD Exchange Rate: The Week Ahead July 25th 

GBP/EUR through 1.21 and GBP/USD close to 1.68 (Mike Vaughan)

Sterling has had a strong day against a host of currencies following a strong showing this morning for UK industrial and manufacturing figures. Both were much stronger than forecast setting the tone for the day with the pound rallying to a high of 1.2145 against the Euro and  1.6755 against the US dollar. Sterling was also to find some support following this afternoons NIESR (National Institute for Economic and Social Research) latest GDP estimate which has pushed its latest estimate from 0.8% to 0.9%...
GBP EUR Exchange Rate: The Week Ahead August 15th

Still a very busy week for Pound Sterling Exchange rates.. Is the Pound going...

The pound lost slightly today in early morning trading due to PMI Manufacturing data coming out worse than expected. The figures still pointed to a sector in expansion, but were not a strong as predicted. This release makes tomorrow and Thursday's PMI data key for anyone buying or selling the pound this week. These PMI (Purchasing Managers Index) surveys are a snapshot of the relevant sector and provide the most up to date information relating to an economy. They are of course not definitive, but for...

Sterling remains fairly flat as we start to see the first sets of economic...

The Pound has remained reasonably stable over the course of this week so far, hanging in the 1.29s against the USD and in the 1.18s against EUR. The next few mornings will be key for Sterling's performance as the week goes on as we will start to see the first releases of economic data for how the U.K economy performed in April. On top of this we have some key economic data releases from the States with the Federal Reserve interest rate decision and monetary policy...

Boost to Euro and Dollar buying rates from Sterling side (Joshua Privett)

With the Referendum looming, today may be one of the few occasions each month where we see rates move up from positive news on the Sterling side rather than poor news overseas to make buying Euros and Dollars alike a cheaper prospect. Average earnings and a second look at the unemployment rate for the first three months of this year will be the main news from the UK early on this morning, which is likely why the Pound is already marginally up against most of its...