Will Pound to Euro Fall to 1.02 in Coming Weeks?
With so many now betting against the pound, the question seems to be how much will the pound fall by, rather than if the pound will fall. Whilst the pound received some welcomed support last week, many still expect pound to euro and pound to dollar to target much lower levels over the coming weeks.
Karen Jones, Head of Technical Analysis for currencies, commodities and bonds and Commerzbank thinks pound to euro will target 1.1037 shortly, and technical analyst colleague Axel Rudolph is looking for...
Pound Sterling Forecast – Is GBP Likely to Stage a recovery?
Sterling has been struggling to maintain its strength lately as investors become increasingly concerned over the outlook ahead. The potential for the pound sterling forecast to weaken is a real possibility with various concerns over which may threaten its strength.
In order for the pound to stage a recovery soon we will perhaps need to see shift in sentiment to the British currency which has so far been on a losing streak. Against the US dollar and Euro the pound has lost around 3% this...
Pound to Euro: When Will Sterling Fall?
The pound found some support last week following losses of 2.5 percent against most major currencies in the week before. The pound to euro and pound to dollar rate remained largely rangebound throughout with both currency pairs closing the week at similar rates to where they began.
Following the Bank Holiday weekend, this week will be a short one, and sterling has started the day slightly higher with pound to euro trading at 1.1211 and pound to dollar trading at 1.2262.
However, despite some respite for...
Sterling hits a 10-month high against the Euro, could the Pound climb even higher?
The financial markets are gearing up for what could be a busy week for exchange rates, particularly the Pound as on Thursday the Bank of England are expected to hike interest rates.
The base rate currently sits at 4.5% after 12 consecutive interest rate hikes from the Bank of England (BoE).
The expectation is for another 0.25% hike this Thursday, although analysts believe there is a 25% chance of a 0.5% hike. This would be an unusual move from the BoE in my opinion as they...
Pound to US Dollar Rates Hit Fresh Multi-Month High
As one race against time ended on Christmas Eve, when the UK and EU finally got a post-Brexit free trade deal over the line, another began: the race to pass the EU (future relationship) bill before the expiry of the Brexit transition period on New Year’s Eve. The wheels well and truly got in motion yesterday: having been signed in Brussels during a brief ceremony in the morning by Ursula von der Leyen and Charles Michel, MPs and peers gathered in Westminster to approve...
Pound to US Dollar Exchange Rate Jumps Back Above 1.24
The pound against the US dollar has seen a rebound back above 1.24 on the interbank exchange rate from the lowest level we saw in the market at 1.1409 on the 19th March 2020. This represents nearly a 10 cent movement from the low seen just over a week ago and the biggest movement in many years.
US Sees Largest Number of COVID-19 Cases, Is the Pound to Dollar Forecast to Go Higher?
The latest coronavirus statistics is that the US has the highest number...
Sell in May, Go Away ! Will the pound be weaker next month?
Will the pound weaken in May? Well, on observing the last seven years, we notice the old adage of “sell in May, go away”, ringing true for sterling on six out of those seven occasions. Our FX research teams have been busy analysing the data, to try and give our clients the most relevant facts to support their decision making.
The average move lower we have noted is around 2.4%, from the two-month period start of May to end of June. On a £100,000 transaction,...
Pound Sterling Forecast – Has the Pound Peaked?
Does the latest FX research and data suggest the pound has peaked?
The pound has very recently touched fresh highs on GBPEUR of 1.1546 and GBPUSD of 1.2679. But since those highs this month, we have seen declines down to 1.1475 and 1.2457 respectively.
This begs the question, has the pound peaked?
Well, our research for a number of weeks has exposed potential sterling weakness. We highlighted the historical “Sell in May, go away” trend of sterling being weaker in May here. This strategy, had seen the...
Pound to Euro Forecast: Does Sterling Have Further to Fall Ahead?
The pound endured a bit of a mixed week rising higher and lower against the euro, US dollar and other currencies as sentiment towards the UK continued to be mixed. On the one hand there is the overall uncertainty of the Coronavirus, with the UK clearly one of the worst affected countries with over 200,000 cases and 30,00 deaths, truly awful numbers.
However, given this backdrop, there are big steps being taken with the number of tests rapidly increasing and the UK government and central...
Pound to Euro: Will the BoE Cut Interest Rates This Week?
The Bank of England are due to meet this week and all eyes will be on the decision whether to see if they will cut interest rates or not. The current interest rate in place is at just 0.15% which is the lowest in history. Rumours have been increasing in recent weeks that the central bank may be preparing to cut interest rates in an attempt to stimulate the British economy.
UK Gross Domestic Product (GDP) fell by over 20% during the pandemic and the...
