Pound rises despite UK recession looming

The Pound Euro exchange rate has slowly started to increase in value during the course of the week after a slow start. Bank of England governor Andrew Bailey suggested at the recent change of policy that the UK is heading for the worst recession in its history. This caused the Pound to weaken but since then we have seen gradual gains vs the Euro, which has led to some good opportunities for anyone looking to send money to Europe at the moment. The Bank of England has...
New Zealand Dollar weakens further as Global Dairy Trade auction falls lower than expectations

Will the Pound continue to improve against the US Dollar?

Pound Dollar rates hit 3 month high The Pound vs the US Dollar is now trading at its best levels to buy US Dollars with Pounds since the end of August. With the Pound improving this has created some good opportunities for those looking to convert Pounds into US Dollars. The US Dollar has slowly begun to weaken following falls in US inflation recently as it appears as though the Fed's policy of interest rates has started to work. Inflation is still extremely high in the UK whilst...

Will The Pound Keep Rising This Week?

The Pound has had a fairly good week or two against most major currencies, so I thought I would look at the probability that Sterling exchange rates would continue to gain ground against them over the course of this week. Now that the Autumn statement has passed without any huge drama, unlike Kwasi Kwarteng's attempt, there is a feeling that there is a little more confidence in the U.K and investors are starting to head back into UK stocks and shares, thus heightening demand for...

Will the Pound Remain Steady after Surprise Dip in Inflation ?

The pound has been relatively steady today following a surprise dip in the headline Inflation numbers. In welcome news across the country, the number came in at 9.9% higher year on year for August, versus the 10.2% numbers from last month for July. The important point is the number has been trending higher since the beginning of the year so this marks a turning point and could potentially signal a change in policy ahead. Inflation is very influential on interest rates, and interest rate...

Monetary policy meetings and interest rate hikes – Will the Pound weaken further this...

The week ahead will be a major one for the Pound, Euro and US Dollar will all three respective central banks announcing further developments in their battle to reduce inflation back to target levels, through their monetary policy meetings this week. Monetary policy meetings and decisions on interest rates help us to understand the current health of the economy, which is the main influence on a currency’s value and, any adverse movement away from the expectation within the market, may result in volatile movement. The...
GBP EUR Exchange Rate: The Week Ahead August 15th

Important week for Sterling exchange rates with economic data and the Autumn statement due...

We have a really important week ahead for Sterling exchange rates, with a number of key economic data releases due over the course of the trading week, and the delayed Autumn Statement to be delivered on Thursday. There are still concerns over the outlook for the U.K economy, so economic data is being watched closely by investors, and we have some key releases over the next few days which could cause the pound to be particularly volatile. Tomorrow morning we have unemployment data, expectations are for...
Pound to Euro rate continues to fall, making history in the process

Pound Sterling losses continue as cost of living crisis dominates headlines – New Prime...

Sterling exchange rates have continues to drift to kick start a new trading week, as the cost of living crisis dominates headlines across UK media. With today being an important day for UK politics as we see the announcement of the winner in the Conservative party leadership contest, and ultimately who will be the new Prime Minister, they will almost instantaneously have to announce how they plan to combat what appears to be an extremely challenging winter for the majority of households and businesses. It is...
Pound to Dollar Rate Drops to One-month Low

Will the Pound Rise again after Bank of England Predicts Prolonged Recession and Lower...

The pound has been lower following the Bank of England announcement to raise interest rates by 75 basis points. This is actually counter intuitive, since typically, a rise in interest rates will strengthen the currency concerned. The reason sterling has dipped, is that this record 75 basic points rise was actually predicted to take place, and therefore the market had 'priced' it into their calculations and assessment of the market. Expectations ahead for the pound are now lower, with the Bank of England less likely to...
GBP AUD Slumps After UK Cabinet Resignations 

Pound Sterling rises as Sunak expected to be third Prime Minister in a matter...

The pound has started off the week on the front foot against all major currencies, following another weekend of political twists and turns for the UK. As we headed towards the end of an eventful week, news broke that ex Prime Minister Boris Johnson was heading back from a Caribbean holiday to have a crack at  regaining his position at number 10, something that seemed a million miles away only a few weeks ago. As most readers will know, the UK is full of surprises at...
Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar

Will the pound strengthen in the future? Don’t bet against the Bank of England!

The pound has been trading lower in the last 24 hours, as markets become fearful that the Bank of England will withdraw it's market interventions. The Bank of England has been ripping up the rule book once again with less than standard procedures, with the emergency bond-buying program. Expectations over just what the Bank of England will do next have seen the pound rising and falling, as the market tries to second guess what happens next. Let us rewind two weeks, to the crash on the...