Currency News

Currency News is targeted at the forex investor by reporting significant movements on the world’s foreign exchanges.

The site covers both major currencies, such as the USD, GBP and Yen, but also gives coverage to other less familar currencies.

Website: Currency News: Daily Forex News

Latest Forex Headlines:

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD

The Pound has had a ‘middle of the road’ day, registering small gains against the North American currencies, but losing ground against the euro and the high-yielders. There were no tier one UK data releases to provide impetus for the Pound, but a report from Ernst & Young’s ITEM Club predicting that lending by the UK’s... [...]]]>

• Pound to Dollar Exchange Rates – GBP AUD Plummets To Multi-Decade Low AS RBA Cuts Interest Rates, Sterling Euro Steady

The Australian Dollar has surged overnight after the Reserve Bank of Australia announced that it was keeping its key lending rate on hold at 4.25%. The majority of analysts had... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, HKD

Today was a light day for UK data releases – the latest Halifax house price data was hard to get excited about, however it did slightly beat expectations. All bets appear to be off for Sterling ahead of Thursday’s heavy data schedule, which includes the latest Bank of England Monetary Policy Committee announcement..... [...]]]>

• Pound Euro Exchange Rate Today – GBP AUD Drops To Multi-Decade Low As US Non-Farm Payrolls Data Thrashes Expectations

Last week’s session in the currency markets ended with an up-tick in global appetite for risk, following highly encouraging labour market data from the US.

Friday... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, TRY

This morning’s UK PMI Services sector survey printed at a higher than expected level, showing that Britain’s key service sector is expanding at its fastest rate for almost a year. However, this positive news was cancelled out by a report from a widely-respected think tank – the NIESR, which predicted that the UK’s economy... [...]]]>

• Dollars to Euros Exchange Rate – GBP USD Hits A Level Ahead Of This Afternoon’s US Non-Farm Payroll Figure

As a chill wind sweeps the UK, there has been little in the way of economic releases to warm investors holding Sterling-denominated assets in the past 24 hours.

Yesterday... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AED

This morning’s UK PMI Manufacturing sector survey came out weaker than anticipated. However, to put a more positive spin on the data, it did show that Britain’s manufacturing base has started to expand once again. Antagonistic comments from MPC member Adam Posen, accusing British retail banks of choking the supply of credit... [...]]]>

• Pounds to Euros Exchange Rate Today – GBP USD Spirals As Share Markets Gain and Global Appetite For Risk Returns

Yesterday’s session saw the return of global appetite for risk, taking equities markets higher and causing institutional investors to shift out of safe-haven assets.

The... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, SGD

A day of two halves for the Pound – this morning’s Nationwide House Price survey disappointed, showing a far lower annualised growth in prices than had been anticipated. On the upside, the PMI Manufacturing survey, also released this morning, showed that Britain’s manufacturing sector returned to growth last month.... [...]]]>

• Pound Sterling to Euro Exchange Rate – GBP EUR Gains Following Record Eurozone Unemployment Figure

There was further bad news for the eurozone during yesterday’s... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, ZAR

Sterling has performed no more than steadily on the day, following this morning’s weaker than anticipated UK mortgage approval data for December. Last month’s net Consumer Credit number, released at the same time, showed a significant contraction, adding to the pressure on the Pound. NEAR-TERM OUTLOOK – NEUTRAL TO... [...]]]>

• Dollars to Pounds Exchange Rate – GBP EUR Steady In Spite Of Spiralling Portuguese Debt Yields

Market focus turned from Greece’s ongoing debt negotiations with its creditors to Portugal’s ailing public finances during yesterday’s session.

Yields on the treasury bills... [...]]]>

• Pound to Dollar Exchange Rate Today - GBP EUR Rate Drops As Greece Nears Debt Accord With Its Creditors

Last week’s session in the currency markets ended with a downward move in global appetite for risk. There were two main drivers behind the ebbing of investor sentiment on... [...]]]>

• Pounds to Euros Exchange Rate Today - GBP EUR Heads Higher AS Greek Debt Discussions Resume, GBP USD Rate At Risk

Market participants will be eagerly awaiting news of developments from Greece during today’s session, following last night’s resumption of debt talks between the Greek... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, NOK

Today’s session saw the Pound perform tamely against the other majors, with the notable exception being the US Dollar. This morning’s CBI Reported Sales data for January came out significantly worse than anticipated, adding to downside pressure for Sterling. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.

US DOLLAR – The... [...]]]>

• Pounds to Euros Exchange Rate – GBP EUR Tests Lower Following UK Growth Figure, USD Weakens

Yesterday was a day of significant events, comments and releases in the currency markets.

UK data provided the first risk events of note, with the release of official Q4... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, CAD

On the face of it, today was a poor day for the UK economy, with official government data showing that British economic activity contracted by 0.2% in the final quarter of 2011. The minutes of the most recent Bank of England Monetary Policy Committee meeting were also released, showing that several members are keen to... [...]]]>

• Pound to Dollar Exchange Rate Today - GBP USD Heads Higher, GBP EUR Static As IMF Issues Warning

Yesterday’s session was marked by a doom-laden statement from the IMF regarding the future prospects of the world’s economy. It wasn’t the first time in recent months that the... [...]]]>

• Exchange Rate Predictions - GBP, USD, EUR, NZD

Investors holding Sterling assets sat on their hands today, ahead of tomorrow’s key UK data releases. Both the Bank of England Minutes of its January meeting and the advanced UK Q4 GDP data are penned in for release at 0930hrs GMT tomorrow morning. Various outcomes are possible, with the potential nightmare scenario coming... [...]]]>

• Pound to Dollar Exchange Rate Today - GBP USD Recovers, GBP EUR Edges Lower On Greek Debt Deal

The major overnight news in the currency markets once... [...]]]>

• Pound to Euro Exchange Rate – GBP EUR Gaps Higher Ahead Eurozone Finance Ministers’ Meeting

Market focus returned to the Europe’s ongoing debt crisis, at the start of this week’s session in the currency markets, with Eurozone finance ministers preparing to meet in... [...]]]>

• Pound To Euro rate up, along with Sterling gains for GBP USD, CAD, CHF, CZK, NOK, PLN, TRY and ZAR

The Pound Australian Dollar exchange rate GBP AUD is trading at 1.1.48376, down 0.22%. The Pound New Zealand Dollar currency rate GBP NZD is trading at 1.92919, down 0.02%.
The Sterling Rand rate GBP... [...]]]>

• Dollars to Pounds Exchange Rate – GBP EUR Rate Lower Again As IMF Confirms $500bn To Bail-Out Fund

The major news story in the currency markets yesterday came with confirmation from the International Monetary Fund of rumours from earlier in the week that they are set to seek... [...]]]>

• Currency Exchange Rates : Forex Currency Predictions - GBP, USD, EUR, CHF

The Pound has suffered from drift in the currency markets today, in the absence of any significant UK data releases. Investors holding Sterling-denominated assets will be hoping for an unexpected spike in UK Retail Sales when December’s UK shop sales data is released tomorrow morning. NEAR-TERM OUTLOOK – NEUTRAL TO... [...]]]>

• Dollars to Pounds Exchange Rate – GBP EUR Rate Lower Following Rumours IMF Will Increase Eurozone Bail-Out Funding

They say that rumours drive the currency markets and yesterday’s session provided further evidence that this remains... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, JPY

There was more cause for concern for Britain’s real economy today, following the release of the latest UK government unemployment statistics. The figures showed an increase in the British jobless total of 118,000 in the three months to the end of November last year, suggesting that the government’s austerity measures are... [...]]]>

• Pound To Euro Exchange Rate - GBP EUR Steady As UK CPI Inflation Drops

Official figures from the UK’s Office of National Statistics, released yesterday morning, showed that British inflation dropped by a significant amount last month. The... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD

The Pound started the day under pressure, following the release of a report by Ernst & Young’s ITEM Club, which used the UK Treasury’s economic model to predict that Britain’s economy is slipping back into recession. However, the Pound recovered ground throughout the day, suggesting that investors feel that the problems... [...]]]>

• Pounds to EUR Exchange Rate Today - GBP EUR Spirals As S&P Downgrade France’s Credit Rating

Friday 13th proved to be a black day for Europe’s single currency, as leading credit ratings agency Standard and Poor’s announcing just before the weekly close of the currency... [...]]]>

• Pound To Euro rate up, along with Sterling gains for GBP AUD, CAD, CHF, CZK, MXN, NOK, PLN, SEK and ZAR

The Pound Australian Dollar exchange rate GBP AUD is trading at 1.48448, up 0.23%. The Pound New Zealand Dollar currency rate GBP NZD is trading at 1.93299, down 0.06%.
The Sterling Rand rate GBP ZAR... [...]]]>

• Pound Euro exchange rate - GBP EUR up 0.25% Sterling Strengthens Italy Borrowing Costs Fall

The Euro Dollar exchange rate EUR USD is trading at 1.28209, down 0.31%. The Euro Sterling rate EUR GBP is trading at 0.83572, down 0.24%.

The Pound Euro exchange rate has gained... [...]]]>

• Pounds to EUR Exchange Rate Today - GBP EUR Drops To Lowest Level Since December Following ECB and BoE Decisions

Yesterday’s session in the currency markets was dominated by a tale of two central bank meetings, as both the Bank of England and the European Central Bank announced their... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, HKD

Lunchtime’s Bank of England monetary policy committee announcement saw the UK’s central bank maintain its interest rates at their current record low of 0.50%, as per expectations. The Bank also elected not to extend its current £275bn asset purchase scheme. Some investors had priced in an increase to the scheme, however the... [...]]]>

• Pounds to US Dollar Exchange Rate Today - GBP EUR Tests Lower Following German GDP Data, GBP AUD and GBP NZD Rates Plummet

The spectre of Central Bank Quantitative Easing programmes loomed over the currency markets during yesterday’s session, ahead of today’s ECB and Bank of England monetary policy... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, TRY

There was bad news for Britain’s tentative economic recovery earlier today, with the release of UK trade figures for November. The numbers showed that the UK’s trade deficit is widening, as the relatively cheap Pound caused the value of imports to increase, while exports dropped off. An increase in the £275bn already... [...]]]>

• Pounds to Euro Exchange Rate Today - GBP USD Tests Higher As Global Stock Markets Surge, While GBP AUD Drops

Yesterday’s session was marked by a significant forward movement in global stock markets, signalling a return of the ‘risk on’ trading environment. This saw London’s benchmark... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AED

The Pound was buoyed by a report from the British Chambers of Commerce, released last night, which suggested that UK business leaders feel that the UK’s economy may avoid slipping into recession in 2012. This saw Sterling gain on the day against most of the majors, with the notable exception of the high-yielders. NEAR-TERM... [...]]]>

• Pounds to Euro Exchange Rate Today - GBP EUR Touches Off New 16-Month High, GBP AUD Trades Lower, GBP USD Steady

Last night saw the release of the latest Quarterly Survey of the UK economy from the influential British Chambers of Commerce business organisation.

The report suggested... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, SGD

No UK data releases of note meant a day in the doldrums for the Pound today. In a quiet week ahead, Thursday’s Bank of England monetary policy decision and NIESR GDP Estimate are likely to provide the highlights for investors holding Sterling. In the meantime, the Pound may benefit from the fact that it isn’t the Euro.... [...]]]>

• Pounds to Euro Exchange Rate Today - GBP USD Falls In Spite of Positive US Non-Farm Payroll Data, GBP EUR Holds Steady

Friday afternoon’s session saw the release of December’s US Non-Farm Payroll data, which provided further evidence that the green shoots of recovery are strengthening in the... [...]]]>

• Pounds to US Dollar Exchange Rate Today - GBP EUR Breaks To Another New 16-Month High, GBP USD Rate Static

The GBP EUR exchange rate has broken to a new 16-month high for the fifth consecutive session, during early trading today. The pairing touched off 1.2138 just before the... [...]]]>

• Pounds to Australian Dollar Exchange Rate Today - GBP EUR Hits New 16-Month High, While USD is Well Bid

The Euro came under significant selling pressure in the currency market yesterday, sending the GBP EUR exchange rate to a fresh 16-month high of 1.2100 on the nose, late... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, INR

Sterling has traded with a slight positive bias against the other majors during today’s session. This morning’s UK PMI Construction data for December considerably bettered analyst’s expectations, helping the Pound. Tomorrow’s PMI Services sector survey has been market-moving in recent months, so should be closely-watched.... [...]]]>

• Pounds to US Dollar Exchange Rate Today - GBP USD Spirals Following Strong US and UK Manufacturing Data, GBP AUD and GBP NZD Rates Test Lower

Global equities markets powered forward during yesterday’s session, with London’s benchmark FTSE 100 index gaining over 2% on the day. European indices also registered healthy... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, ZAR

This morning’s UK PMI Manufacturing survey provided some much-needed good news for Britain’s economy, showing that activity in the UK’s beleaguered manufacturing sector picked up last month. However, this key sector remains in contraction. Investors holding Sterling will be hoping for better news from Thursday’s PMI... [...]]]>

• Pounds to Euro Exchange Rate Today - GBP AUD Heads Downwards, EUR USD Exchange Rate Holds Close to 15-Month Low

The Euro has started the New Year under heavy selling pressure as fears persist about its continuance in its current format.

These fears were stoked by the overnight... [...]]]>

• Pounds to Euro Exchange Rate Today - GBP USD Heads Upwards, GBP EUR Exchange Rate Breaks To New 11-Month High

Swedish policy-makers caused ripples in the currency markets yesterday when they surprised investors by cutting Sweden’s key lending rate from 2.00% to 1.75%. The accompanying... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, NOK

This morning’s Rightmove House Price survey showed that British property prices have increased by 1.5% over the past 12 months. With general UK price inflation running at close to 5%, this implies a devaluation in the real value of UK property – bad news for investors who were hoping for a housing boom to fuel a recovery in... [...]]]>

• Pounds to Euro Exchange Rate Today - GBP USD Heads Downwards, GBP EUR Exchange Rate Holds Close to 9-Month High

This week has begun with further bad news for the Eurozone, as leading ratings agency Fitch downwardly revised its outlook for the French economy from ‘stable’ to ‘negative’.... [...]]]>

• Pound Sterling down against Euro Dollar as GBP EUR, USD, CNY, CZK, HKD, NOK, SEK and ZAR decline.

The Pound Australian Dollar exchange rate GBP AUD is trading at 1.55074, down 0.31%. The Pound New Zealand Dollar currency rate GBP NZD is trading at 2.05411, down 0.84%.
The Sterling Swiss Franc... [...]]]>

• Pound Euro rate steady, but Sterling gains for GBP USD, CNY, HKD, ILS, MXN, NOK and SGD

The Pound Australian Dollar exchange rate GBP AUD is trading at 1.56260, down 0.11%. The Pound New Zealand Dollar currency rate GBP NZD is trading at 2.06458, down 0.44%.
The Sterling Lira rate GBP... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, CAD

This morning’s UK labour market data showed that British unemployment has risen to 2.64m. The rate of UK joblessness rose showed a quarterly rise from 7.9% to 8.3% in the three months to the end of October. The data was largely expected to be poor, so it did not stop the Pound making pronounced gains against nearly all of... [...]]]>

• Pounds to Australian Dollar Exchange Rate Today - GBP USD Heads Downwards, GBP EUR Exchange Rate Breaks To New 9-Month High

The Pound came under significant selling pressure against nearly all of the other sixteen most-actively traded currencies during yesterday’s session. The downside pressure on... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, NZD

This morning’s UK CPI inflation numbers for November showed that the rate of British price rises is cooling, making the likelihood of a Bank of England interest rate rise even more than it already was, (and that was already fairly remote). Sterling has lost a little ground against nearly all of the majors on the day, with... [...]]]>

• Pounds to Euro Exchange Rate Today - GBP USD Tests Lower as Moody’s Threatens European Credit Downgrades While GBP CHF Gains

Yesterday’s session in the currency markets was marked by a pronounced move against the Euro by investors. The move was largely driven by a report from leading credit ratings... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, CHF

Sterling has held up well against all but the safest of safe-haven currencies during today’s session in the markets. The main attraction of the Pound has been that it is not the Euro, as investors have put any thoughts of the UK being isolated in Europe to the back of their minds. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.... [...]]]>

• Pound Euro rate up, along with Sterling gains for GBP AUD, CZK, MXN, NOK, SEK, TRY and ZAR

The Pound Australian Dollar exchange rate GBP AUD is trading at 1.53375, up 0.85%. The Pound New Zealand Dollar currency rate GBP NZD is trading at 2.05050, up 1.01%.
The Sterling Rand rate GBP ZAR... [...]]]>

• Pounds to Australian Dollars Exchange Rate Today - GBP EUR Holds its Ground While GBP USD Drops as Global Stock Markets Lose Ground

This week’s session commenced with the UK looking increasingly isolated from its EU partners following last week’s events in Brussels.

British Prime Minister David Cameron... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, JPY

UK trade data, released earlier today, showed that the relatively weak state of Sterling has helped UK exports. The value of UK exports in October hit a record level. However, the Pound has failed to make up any significant ground as investors fret over Britain’s future position in Europe following Prime Minister David... [...]]]>

• Pounds to Australian Dollars Exchange Rate Today - GBP EUR Pushes Towards 9-Month High As GBP AUD Also Makes Gains

In a major development overnight , marathon talks between European leaders in Brussels, lasting some ten hours, failed to yield the necessary ascent from all 27 EU member... [...]]]>

• Pounds to Euros Exchange Rate Today - GBP AUD Heads Lower While GBP USD Remains Level

The Eurozone once again provided the focus for currency market investors during yesterday’s session, ahead of tomorrow’s key EU summit in Brussels.

The main... [...]]]>

• Pound Sterling makes gains against Euro and Dollar - GBP EUR, CAD, CNY, ILS, SGD and USD up 0.62% - 0.77%

The Pound Australian Dollar exchange rate GBP AUD is trading at 1.52805, up 0.36%. The Pound New Zealand Dollar currency rate GBP NZD is trading at 2.01709, up 0.85%.
The Sterling Canadian Dollar rate... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD

Sterling outperformed all of the other sixteen most-actively traded currencies during today’s session, in spite of poor manufacturing and industrial output figures released earlier today. Chancellor George Osborne’s comments to the Treasury Select Committee this afternoon have helped steady the ship; Osborne announced that... [...]]]>

• Pounds to Dollars Exchange Rate Today - GBP EUR Holds Steady as GBP AUD Gains Following RBA Rate Cut

Europe’s single currency bucked expectations during yesterday’s session by avoiding any significant downside against the other majors, despite S&P’s surprise announcement... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, HKD

Weak Retail Sales figures from the British retail Consortium have held back the Pound on the day. The figures showed that last month’s UK shop sales were at their weakest level of growth since May. The Halifax house price survey released overnight showed a monthly contraction of almost 1% in UK property prices, adding to... [...]]]>

• Pounds to Euros Exchange Rate Today - GBP EUR Drops on S&P’s Threat of Debt Downgrade. GBP AUD Up On Australian Interest Rate Hike.

In a major development overnight, leading ratings agency Standard & Poors has placed almost every Eurozone nation on ‘credit watch’. The two nations which avoided being... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, TRY

Today’s PMI Services Sector survey showed a pick-up in activity in this key sector of Britain’s economy, providing a welcome fillip for the Pound. Wednesday’s UK Industrial and Manufacturing numbers may not be so encouraging – investors holding Sterling assets should make hay while the sun shines. NEAR-TERM OUTLOOK –... [...]]]>

• Pound Euro Exchange Rate Today - Important week to save Euro

The Pound Australian Dollar exchange rate GBP AUD is trading at 1.52601, up 0.11%. The Pound New Zealand Dollar currency rate GBP NZD is trading at 2.000355, up 0.16%.
The Euro Dollar rate EUR USD is... [...]]]>

• Dollars to Pounds exchange rate today - GBP USD Holds Steady as GBP EUR Drifts Downwards

Last week’s session in the currency markets was marked by the return of global appetite for risk amongst institutional investors, which caused the FTSE 100 index to gain 7% on... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AED

This morning’s UK PMI Manufacturing sector survey for November narrowly beat analysts’ expectations, but still showed a slowdown in Britain’s manufacturing sector in comparison with October’s figure. If Monday’s PMI Services sector survey goes the same way, then there is potential for the Pound to start the week on the... [...]]]>

• Pound Dollar Exchange Rates - GBP USD Eyes New 16-Month Low as Pound Sterling Weakens on Bank of England Comments

The surge forward in global equities markets, which followed Wednesday’s announcement by six leading central banks that they were set to intervene into the currency market in... [...]]]>

• Pounds to Euros Exchange Rate - GBP EUR Down 0.26% as Euro Crisis Worsens

The Pound Australian Dollar exchange rate GBP AUD is trading at 1.53271, up 0.06%. The Pound New Zealand Dollar currency rate GBP NZD is trading at 2.01238, down 0.19%.
The Euro Dollar rate EUR... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, SGD

This morning’s PMI Manufacturing Survey results showed that the UK’s manufacturing sector contracted once again last month, but not by as much as analysts had anticipated. Poor data from Britain’s real economy is nothing new, but nonetheless, the Pound lost ground against all but the high-yielders on the day. NEAR-TERM... [...]]]>

• Pound Dollar GBP USD Rate Surges as Global Central Banks Announce Concerted Intervention in the Currency Markets, GBP AUD and GBP NZD Rates Plummet

Yesterday’s session in the currency markets saw a massive surge forward in global appetite for risk, favouring the high-yielding currencies and causing institutional investors... [...]]]>

• Pound Australian Dollar, Pound New Zealand Dollar and Sterling Euro down as central banks announce coordinated action

The Pound Euro exchange rate today EUR GBP is trading at 1.16744, down 0.16%.
The Pound Dollar currency rate GBP USD is trading at 1.57387, up 0.91%.
The Pound Australian Dollar currency rate GBP AUD is trading at 1.53061, down 1.7%.
The Pound New Zealand Dollar... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, INR

The Pound has been well-bid during this afternoon’s session, following the Chancellor of the Exchequer’s autumn statement, which featured announcements of a cap on public sector pay rises and downgrades to UK growth forecasts. The markets have responded well to Osbornes’ continued focus on ‘sound money’. NEAR -TERM OUTLOOK... [...]]]>

• Pound Dollar GBP USD Exchange Rate Could Drop if UK Growth Forecast is Downgraded, as Expected

Today marks a make or break day for the Pound, as Chancellor of the Exchequer George Osborne issues his Autumn statement.

The measures to be announced by Osborne later... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, ZAR

Poor UK housing data and moves in favour of other currencies have added up to a poor day for the Pound. Tomorrow could see some improvement with the Chancellor of the Exchequer announcing expansionary policies and a credit easing scheme for the UK economy. NEAR -TERM OUTLOOK – NEUTRAL.

US DOLLAR – The Pound Dollar... [...]]]>

• Pound Euro Insight - GBP EUR Exchange Rate Could Head Higher as S&P Downgrades Belgium’s Credit Rating

With UK interest rates running at a record-low of 0.50% and the Bank of England having already committed £275bn to its quantitative easing scheme, there appear to be few... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, NOK

The Pound endured another relatively disappointing day on the markets. Bank of England Monetary Policy Committee member Martin Weale warned in a speech earlier today that the UK’s economic recovery would take as long as 5 years, adding to the pressure on Sterling. Investors were nonplussed by the UK government’s plans to... [...]]]>

• Pound Dollar Exchange Rate – GBP USD Heads Lower On Risk Appetite, GBP EUR Rate Holds Steady

Key Japanese economic data, released overnight, showed that Japanese consumer prices fell by 0.1% in October, meaning that the Asian giant is experiencing deflation for the... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, CAD

This morning’s UK GDP figures came out exactly as analysts had expected. However, the Pound has lost ground against most of the other majors on the session as institutional investors looked elsewhere for a return on their holdings. With next week’s light schedule of UK data releases, the downward drift could continue for... [...]]]>

• Pound Dollar Exchange Rates : GBP USD Drops to 7-Week Low Following Poor Uptake of German 10 Year Bonds

Yesterday’s session in the currency markets saw further bad news for investors hoping for signs of a recovery in the global economy, with telecoms giant Nokia Siemens announced... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, CAD

The release of the minutes of the latest Bank of England Monetary Policy Committee meeting, earlier today, revealed that all nine members of the committee voted against increasing the existing £275bn allocated to the Bank’s asset purchase scheme. This saw the Pound perform steadily on the day. NEAR-TERM OUTLOOK – NEUTRAL TO... [...]]]>

• Pound Euro exchange rate - GBP EUR up 0.45% Sterling Strengthens BOE Meeting Notes

The Pound Euro exchange rate has gained... [...]]]>

• Pound Dollar Report - GBP USD Rate Steady in Spite of Concerns Over Commerzbank and Spanish Debt Yields

Monday’s shift out of riskier assets continued into yesterday’s session, as global equities markets continued their downward slide.

There were plenty of reasons for... [...]]]>

• Pound Euro Exchange rates - GBP EUR Down Despite UK Public Borrowing Figures Down

The Pound Australian Dollar currency rate GBP AUD is trading at 1.58687, down 0.04%. The Pound New Zealand Dollar currency rate GBP NZD is trading at 2.09129, up 0.21%.

The Pound to Euro exchange... [...]]]>

• Pound Rupee exchange rate - GBP INR up along with Euro EUR and Dollar USD as Rupee continues to weaken

The Indian Rupee INR continues to fall against the major currencies and has hit an all time low against the... [...]]]>

• Foreign Exchange Report : GBP USD Rate Drops to 6-Week Low as US Congressman Stall on Debt Deal

The Eurozone’s debt crisis has stolen the headlines in recent weeks, as the yields paid on Greek, Italian and Spanish bonds by their respective governments gradually rose to... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, NZD

The Pound has performed poorly against all but the high-yielding currencies during today’s session. Prime Minister David Cameron warned delegats at the CBI Conference earlier today that the Eurozone debt crisis is having a ‘chilling effect’ on the UK’s economy. Market participants reacted by shifting their assets out of... [...]]]>

• Foreign Exchange Report : Popular Party Victorious in Spanish Election, Sending Pound Euro GBP EUR Rate Lower

As expected, Spain’s centre-right Popular Party swept to election victories yesterday, displacing the ruling Socialist Party, which had held power since 2004.

Spain’s new... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, CHF

The Pound has traded on thin volumes during today’s session. With no UK data released and the major news occurring in other countries, Sterling has largely stayed under the radar of investors. This will change next week, with the release of the minutes of November’s Bank of England MPC minutes on Wednesday and Thursday’s UK... [...]]]>

• Foreign Exchange Report : GBP EUR Refuses To Break Higher Despite Positive UK Retail Sales Data

There was a much-needed boost for Britain’s ailing economy with the release of October’s UK Retail Sales figures yesterday morning. The British shop sales numbers showed a... [...]]]>

• Pound Sterling To Australian Dollar Exchange Rate (GBP AUD) Technical Outlook Forecast

In times of economic crisis and uncertainty, institutional investors shift their funds out of the Australian Dollar and into safer assets, (primarily the US treasury bill).

As the recent economic crisis... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, JPY

The last UK data release of any significance for the week came this morning, with the publication of October’s Retail Sales numbers. The annualised shop sales figure bettered expectations, however the Pound failed to make any significant headway, as investors continued to fret about the possibility of an extension to the... [...]]]>

• Euro to Pound Exchange Rate News - Sterling Steady As Euro Crisis Continues

Foreign Exchange Outlook : Pound Dollar Rate GBP USD Heads Lower as Bank of England Delivers Gloomy Report and UK Unemployment Rises, While GBP EUR Drifts Downwards

Yesterday’s session provided concerning evidence that the UK Government’s self-imposed austerity measures, coupled with an apparent slow-down in the economies of Britain’s... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, SGD

This morning brought more depressing news regarding the British economy; UK unemployment grew by almost 130,000 in quarter 3, whilst the Bank of England’s inflation report stated that the bank expected little or no economic growth in the UK until the middle of next year. NEAR -TERM OUTLOOK – NEUTRAL TO NEGATIVE.

US... [...]]]>

• Currency Exchange News: Pound Sterling Suffers Against Euro, Dollar, NZD and AUD

Foreign Exchange Insight : Pound Euro GBP EUR Rate Edges Higher on UK Inflation Data and Weak Eurozone GDP Growth Number

Yesterday morning’s UK CPI inflation figure for October printed at 5.0%, slightly below analysts’ expectations of 5.1% and down on September’s counterpart figure of 5.2%.... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, AED

This morning’s UK CPI inflation figure showed an annualised dip in the government’s headline rate of inflation last month. This gives the Bank of England further scope to loosen British monetary policy – not good news for investors holding Sterling-denominated assets. The Pound has so far avoided any pronounced downside... [...]]]>

• Foreign Exchange Report : Pound Euro Rate GBP EUR Gains Again as Spanish Bond Yields Soar, While USD Gains as Global Stock Markets Lose Ground

Any thoughts that the Euro was out of the woods, following the leadership changes in Italy and Greece, were scotched during yesterday’s session in the currency markets.... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD

With no UK data of note due for release this week until tomorrow morning’s CPI Inflation numbers, today’s report by the Chartered Institute of Personnel and Development, which predicted a ‘slow, painful contraction’ in Britain’s labour market, gained increased focus. Overall, a bad day for the Pound. NEAR -TERM OUTLOOK –... [...]]]>

• Exchange Rate News : New Leaders in Greece and Italy Push Global Share Markets Higher, While GBP EUR Rate Heads Lower

The past week has seen a changing of the guard for two of the Eurozone’s most debt-burdened economies. Both Greece and Italy will begin the week with new leaders at the helm,... [...]]]>

• Currency Exchange News: Euro Up Against Pound Sterling But Down Vs US Dollar GBP USD

Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD

This morning’s British Producer Price Index data disappointed analysts, coming out lower than had been anticipated. Next week’s highlights for the Pound come in the form of Tuesday’s headline CPI inflation data for October and Wednesday’s Employment figure. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.

US DOLLAR – The... [...]]]>

• Foreign Exchange Report : GBP AUD and GBP NZD Rates Up as ECB Slashes Eurozone Growth Forecast For 2012

Stronger than anticipated demand for Italian bonds at yesterday’s debt auction helped assuage market participants’ fears regarding an immanent Eurozone debt meltdown. There... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NOK

The Bank of England’s Monetary Policy Committee elected to maintain the UK’s asset purchase scheme at £275bn today, causing relief amongst investors holding Sterling-denominated assets, who had feared a further increase in the scheme. Tomorrow’s Producer Price Index data will be closely-watched. NEAR -TERM OUTLOOK – NEUTRAL... [...]]]>

• Exchange Rate News: Pound Sterling up Against Euro and Dollar

Foreign Exchange Outlook : Italian Bond Yields Break Key 7% Level, Bringing Fear to the Markets and Sending Pound Euro Rate to a New 8-Month High

Fear has continued to grip the financial markets in the last 24 hours, as investors fear the worst for the continuance of the Eurozone itself, in its current form.

These... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF

UK Trade Balance figures for September, released earlier, showed that Britain’s trade deficit is widening. On a normal day, this would spell bad news for the Pound. However, events elsewhere have meant that this is far from a normal day and the disappointing data did not stop the Pound Euro rate spiralling to an 8-month... [...]]]>

• Foreign Exchange Insight : Pound Euro Exchange Rate Drops as Berlusconi is Set to Resign, CAD AUD NZD and ZAR Also Gain

Sometimes when you win, you lose; Italian Premier Silvio Berlusconi won a key budget vote in Italy’s Parliament yesterday afternoon with 308 members voting ‘yes’ and none... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, ZAR

There was good news for investors holding Sterling-denominated assets with this morning’s release of UK Manufacturing Production data for September, which showed a surprise monthly increase in British manufacturing output. UK Industrial Production figures released at the same time came out less bad than had been... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Could Rise as Italian Bond Yields Hit Euro-Era High and Berlusconi Clings to Power

The political situation in Greece appears to be coming under control, for the moment at least, with the resignation of Prime Minister Papandreou apparently close at hand. The... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, INR

This morning’s Halifax House Price survey was only risk event of note in the UK today. The survey helped the Pound, coming out slightly better than had been anticipated. Thursday’s Bank of England Monetary Policy announcement provides the highlight of a quiet week for the Pound. However, the Bank’s MPC is unlikely to alter... [...]]]>

• Pound to euro exchange rate - gbp eur, usd, aud, nzd, chf up as italy borrowing rates up

Foreign Exchange Report : GBP EUR Rate Threatens New 8-Month High, With Greek PM Papandreou Set to Announce His Resignation

The recent political developments in Greece took another turn over the weekend, as current Prime Minister George Papandreou agreed to step down as leader of the troubled... [...]]]>

• Euro Crisis Alert - GBP Euro and US Dollar exchange rate up with imminent Greek PM no-confidence vote

George Papandreou, the Greek prime minister is due to face a crucial no-confidence vote in the next few hours. His... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD

The Pound has once again played a supporting role in the market today, whilst other currencies take centre stage. With little tier one data due for release in the UK next week, the next risk event of note for Sterling comes in the form of next Thursday’s Bank of England monetary policy decision. NEAR-TERM OUTLOOK – NEUTRAL.... [...]]]>

• Foreign Exchange Report : Greek Political Turmoil Threatens to Deepen, Causing Selling Pressure on High-Yielding AUD NZD and ZAR

Today brings the latest ‘day of reckoning’ in a long line of ‘days of reckoning’ for Greece. The debt-addled Hellenic state’s future membership of the Eurozone hangs in the... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD

This morning’s UK PMI Services survey disappointed, providing bad news for the UK economy, which is largely dependent on a buoyant services sector. The Pound has performed well on the day in spite of this, as concerns remain about other major currencies. NEAR-TERM OUTLOOK – NEUTRAL.

US DOLLAR – The Pound Dollar... [...]]]>

• Euro Crisis Alert - Pound Euro Rate Up on ECB decision to raise interest rates

Euro Crisis Alert - The ECB has announced a cut in interest rates by 0.25% taking it to 1.25%. The pound euro rate along with the pound dollar rate has risen on the back of the news of the interest rate change. The GBP EUR was already up... [...]]]>

• Foreign Exchange Report : Risk Is Off The Menu Once More as Federal Reserve Warns of ‘Strains in Global Financial Markets’, Sending GBP USD Rate Downwards

Yesterday’s main event in the currency markets saw the FOMC refrain from altering the US’s monetary policy, in a move which had been widely anticipated by market participants.... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, NOK

This morning’s UK PMI Construction survey was supportive for the Pound; it showed a surprise pick-up in activity in Britain’s building industry. That apart, it was a quiet day for Sterling, as investors sat on their hands ahead of the release of the latest UK PMI Services data tomorrow morning. NEAR-TERM OUTLOOK – NEUTRAL.... [...]]]>

• Foreign Exchange Report : $VIX Fear Index Leaps as Greek Cabinet Rubber-Stamps Euro Bail-Out Referendum, Sending GBP USD Rate Lower

One story has dominated all others in the currency markets this week - that of the Eurozone’s deepening debt crisis.

Greek Prime Minister George Papandreou caused surprise... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF

This morning’s quarterly and annualised UK GDP figures for quarter 3 beat analysts’ expectations, providing a boost for the Pound. However, this was partly offset by a severely disappointing PMI Manufacturing survey, which was released at the same time. Overall it was largely positive day for Sterling. NEAR -TERM OUTLOOK –... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Soars as Italian Bond Yields Jump and Greece Announces a Bail-Out referendum

The Euro endured a torrid day on the currency markets yesterday as investors showed signs of losing confidence in the three-point bail-out plan, which was agreed by Eurozone... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, ZAR

The Pound has performed steadily on the day, picking up support as investors shifted their funds out of the Yen and Euro. This morning’s UK Mortgage Approval data helped and if tomorrow morning’s Q3 GDP figure shows that the British economy is once again moving forward, Sterling may be in for further gains. NEAR-TERM... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Rises as Questions Grow Over Eurozone Debt Bail-Out Package, While Japanese Authorities Intervene to Weaken the Yen

Today marks the final day in office for European Central Bank President Jean-Claude Trichet. Trichet has held the top job at Europe’s central bank since 2003 and has developed... [...]]]>

• Currency Exchange Rates: Currency predictions - GBP, EUR, USD, AUD

The Pound has recovered most of its losses from yesterday’s session benefiting from a recovery in Global stock markets and general good feeling in the market. The UK economy has a significant exposure to the European sovereign debt crisis and it is therefore likely that at least in the short term the Pound will hold onto its... [...]]]>

• Pound Dollar rate: Investor Sentiment drives risk on trading GBP USD rallies, High Yielders AUD NZD and ZAR Make Extended Gains

Today’s session coming into the end of the week is likely to represent a continuation of trend from this past week. There is a wave of positive sentiment being ridden by... [...]]]>

• Currency Exchange Rates: Forex predictions - GBP, EUR, USD, AUD, CAD

The Pound has struggled in trade today falling against the majority of majors. A recent spate of bad news has done little to help Sterling and it is hard to see where the next gains will be made. Yesterday the Confederation of British Industry report revealed that industrial output in the UK fell sharply in October with... [...]]]>

• Currency Exchange Report - euro up against the dollar and pound sterling over euro crisis

The deal reached pushed the bailout fund to a 1 trillion Euros and gets the banks to take losses on Greek debt in exchange for recapitalisation.

On news of the new deal, the euro rallied leaving the GBP EUR, GBP USD... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD

UK Q2 current account data released earlier showed that the gap between British imports and exports is narrowing. The data was far better than anticipated, taking the Pound higher against almost all of the other major currencies on the day. Bank of England Governor Mervyn King’s comments which questioned the efficacy of the... [...]]]>

• Foreign Exchange Report : GBP USD Rate Breaks Back Above 1.60 as Investor Sentiment Picks Up Ahead of Tomorrow’s Emergency Eurozone Debt Summit, GBP NZD Rate Also Up

Once again today’s European session begins with investors focussing on one currency – the Euro. Discussions between European policy-makers, which began at the end of last week,... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD

This week is an extremely quiet week for UK data, with no significant releases due today. This means that investors are likely to concentrate on the UK’s relative yields versus other economies, which is likely to spell bad news for investors holding Sterling-denominated investments. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Down As Eurozone Finance Ministers Approve the Next €8bn of Bail-Out Funding For Greece

This week’s session begins with investors focussing on events in the Eurozone, where policy-makers are locked in talks to thrash out a workable proposal to deal with the... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, ZAR

Today was a good news/bad news day for the Pound. On the credit side, this morning’s UK Public Sector Net Borrowing figure for September came in at a lower-than-anticipated level. However, the Nationwide Consumer Confidence survey showed that British consumer confidence contracted for the fourth month in succession. The net... [...]]]>

• Foreign Exchange Insight : GBP EUR Rate Edges Higher on Encouraging UK Retail Sales Data and Renewed Investor Concern Over Eurozone Debt Crisis

Yesterday saw the release of significantly better-than-anticipated UK Retail Sales data for September. The numbers revealed that British shop sales, (a figure which excludes... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD

UK Retail Sales figures for September, released earlier today, significantly bettered analysts expectations, both on a monthly and an annualised basis. However, Sterling has lost ground on the day against almost all of the other majors. The old market adage states that, ‘what should go up and doesn’t go up can only come... [...]]]>

• Foreign Exchange Report : Bank of England Minutes Reveal Unanimous Vote in Favour of QE, Sending GBP EUR and GBP USD Rates Higher

Sterling was the best-performing of the sixteen most-actively traded global currencies during yesterday’s session. This was largely due to the market’s positive reaction to... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, TRY

This morning’s UK CPI Inflation data for September showed that British prices are rising at an annualised 5.2% versus the government’s target of 2%. Ordinarily a release of this nature would see the economy in question’s currency come in for strong support, however the Pound has struggled to make gains on the day,... [...]]]>

• Foreign Exchange Report : GBP USD Rate Drops as Global Risk Appetite Wanes, This Morning’s UK CPI Inflation Data Could Cause Further Downside

The US Dollar broke its recent run of losses during yesterday’s trading session, to register a significant gain against the other majors for the first time in ten days.

On... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF

The Pound has performed reasonably on the day against all of the majors, with the exception of the low-yielding Yen and US Dollar. This has been in spite of a report by the Ernst & Young’s widely-respected Item Club, predicting a slowdown in British economic activity and the release of the latest Rightmove House Price... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Stays Low In Spite of S&P’s Spanish Debt Downgrade, While GBP AUD Rate Falls Further

Last week ended with a better-than-anticipated US data release for the second week in succession, with Friday’s US Retail Sales data for September, (the week before saw the... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD

The Pound has once again performed weakly during today’s session in the currency markets, in spite of this morning’s release of data which showed that the UK’s trade deficit narrowed to £1.9bn in August, thanks to record monthly export figures. With no further UK data of note due for release for the remainder of the week,... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Under Pressure As Barroso Unveils Roadmap Out Of Eurozone Debt Crisis

The markets were reassured by developments in the Eurozone during yesterday’s session as European policy-makers upped their response to the ongoing European debt... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, NOK

Figures from the UK’s Office of National Statistics released this morning showed that British unemployment reached a 17-year high of 2.57m last month. The data also showed that almost 1m 16-24 year olds in the UK are without a job. These depressing numbers have held back Sterling on the day. NEAR -TERM OUTLOOK – NEUTRAL TO... [...]]]>

• Foreign Exchange Report : Slovakia Votes Down EFSF Extension Package, But GBP EUR Rate Holds Its Ground, Meanwhile US Senate Votes For Tariffs To Stem Chinese Imports

In a major development which came late on during yesterday’s European session, Slovakia’s parliament voted against the proposed expansion of the European Financial Stability... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, TRY

This morning’s UK Manufacturing Production data showed a monthly contraction of 0.3% in British manufacturing output between July and August, providing more bad news for the UK economy. If tomorrow’s UK Jobless Claims Change figure provides further evidence that the slowdown in the UK economy is picking up pace, then it... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Plummets as Dexia Rescue Plan is Approved and Investors’ Eurozone Sovereign debt Fears Subside

Yesterday’s session in the currency markets was dominated by an improvement in investor sentiment towards the Euro. This improvement was driven by good news on both the... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD

Sterling has performed poorly against all of the major currencies, with the exception of the low-yielding reserve currencies, so far today. With no UK data of note released on the day, the move has come as a delayed response to last Thursday’s surprise decision by the Bank of England to extend its Quantitative Easing... [...]]]>

• Foreign Exchange Report : GBP USD Rate Heads Higher Following Friday’s Better-Than-Anticipated Non-Farm Payrolls Data

Last week ended on a positive note with the release of significantly better-than-anticipated US labour market data. September’s Non-Farm Payrolls data in the US showed that... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, AED

This morning’s UK Producer Price Index data for September came out higher than had been anticipated, indicating that British factory gate prices are still rising at an accelerating rate. The figure traditionally acts as a leading indicator of future price rises for consumers; if this holds true, then the Bank of England may... [...]]]>

• Foreign Exchange Insight : Sterling Comes Under Pressure as Bank of England Votes to Ramp Up Quantitative Easing Scheme by £75bn, While GBP USD Could Drop if Non-Farm Payrolls Disappoint

Yesterday was a tale of two central bank policy decisions in the currency markets, with both the Bank of England and the European Central bank making their monthly... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD

The Pound gave up significant ground against the other majors following the announcement by the Bank of England that it is set to extend its quantitative easing scheme by £75bn. With only one MPC member, Adam Posen, having voted for an increase to QE in recent months, up to and including last month, it was a surprise that a... [...]]]>

• Foreign Exchange Insight : GBP EUR Rate Hangs in the Balance as Investors Nervously Await the Outcome of this Afternoon’s Bank of England and ECB Monetary Policy Decisions

The headlines in the currency markets today are likely to come from this afternoon’s two key central bank monetary policy decisions.

The Bank of England announces its policy... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, JPY

Today brought yet more bad news for the Pound as the UK’s Office of National Statistics released the finalised GDP growth figure for quarter two. The figure was downgraded from initial estimates, revealing that British economic activity expanded by only 0.1% in the three months to the end of June. Things could get worse... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Tumbles as Eurozone Producer Price Data Reduces ECB’s Scope to Cut Interest Rates Tomorrow

Yesterday’s session in the currency markets was marked by an unexpected strengthening of the Euro against the Pound. Europe’s single currency had come under severe selling... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NOK

There was more bad news for the UK economy earlier today with the release of September’s PMI manufacturing survey, which showed that growth in the UK’s manufacturing sector came close to grinding to a halt last month. The Halifax House Price survey released tonight could provide further cause for concern. NEAR -TERM OUTLOOK... [...]]]>

• Foreign Exchange Insight : GBP EUR Threatens to Break to a 7-Month High as Eurozone Finance Ministers Dither and Concerns Grow for Franco-Belgian Bank Dexia

Greece’s long slow death dance continued yesterday as news emerged from the Eurozone Finance Ministers’ summit in Luxembourg that a decision on whether to grant the debt-addled... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, ZAR

Sterling received a fillip earlier today when leading credit ratings agency S&P confirmed the UK’s AAA debt rating. On the debit side, S&P’s report also noted that the UK’s economic recovery was ‘lacklustre’. If the Bank of England monetary policy committee opt to extend the UK’s quantitative easing scheme, then... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Up Again as Greece Announces That it is Set to Miss EU/IMF Deficit Reduction Targets

Greece’s government stunned the markets yesterday with the release of figures which projected that it will miss its EU/IMF deficit reduction targets for both 2011 and... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD

The GfK Consumer Confidence survey, released overnight in the UK, was less bad than had been anticipated, which is the best that can be said about it. However, the Pound has moved forward against most of the other majors, with the exception of the US Dollar, on the day. This could all change next Thursday if the Bank of... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Makes Gains In Spite of German Bundestag’s Vote in Favour of Expanding EFSF

There was relief for investors holding Euro-denominated assets yesterday when German law-makers voted, by an unexpectedly large majority, to expand the European Financial... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, CHF

This morning’s CBI Reported Sales figure for September showed a contraction since August’s counterpart number, providing more reasons for investors holding Sterling-denominated assets to worry. There was more bad news for the Pound when defence systems company BAE confirmed that it will be cutting almost 3,000 jobs across... [...]]]>

• Foreign Exchange Report : AUD NZD and ZAR Strengthen as Appetite for Risk Returns, While GBP Comes Under Pressure as MPC Member Broadbent Hints at Further QE

Global stock markets have bounced back in the last 24 hours as investors begin to regain their appetite for high-yielding assets following last week’s dramatic scaling back of... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD

No UK data releases of note meant that the focus in the markets was firmly off the Pound during today’s session. This could change tomorrow with the release of the latest Nationwide UK House Price Survey – recent British housing data has pointed to a slowdown, so tomorrow’s number will be closely watched. NEAR-TERM OUTLOOK... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Spirals as Investors Fear Partial Greek Debt Default, While GBP NZD Rate Hits 4-Week High on Poor NZ Trade Figures

European Central Bank officials have come under increasing pressure in recent weeks from non-EU policy-makers to step up their response to the burgeoning European sovereign... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD

UK Loans for House Purchases are on the up according to data released this morning. This is usually a relatively insignificant piece of data, but any small scrap of good news regarding Britain’s ailing housing sector is welcome for Sterling at the moment. Next week’s UK data schedule is light, leaving the Pound struggling... [...]]]>

• Foreign Exchange Report : GBP USD Rate Hits Lowest Level For Over 12 Months as £64bn is Wiped Off the Value of London’s FTSE 100

The flight to quality, which began in the early part of this trading week, continued at pace during yesterday’s session in the markets, as global investors continued to shift... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, AED

This morning’s CBI Trends data came out worse than had been anticipated, but this has had a limited effect on the Pound during today’s session, as it is viewed as tier two data by investors. The levels on GBP pairs have largely been determined by the non-Sterling currency during the day, with massive moves for the... [...]]]>

• Foreign Exchange Report : Federal Reserve Announces ‘Operation Twist’ Sending GBP USD Rate to Within Touching Distance of a 14-Month Low

It was a case of ’back to the future’ for the US Federal Reserve last night, as they announced the introduction of a ’twist’ scheme to inject additional liquidity into... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD

The minutes of September’s Bank of England Monetary Policy Committee meeting, released earlier today, showed that Adam Posen was once again the only member to vote in favour of an extension to the Bank’s current £200bn Quantitative Easing scheme. Although the minutes showed that the nine-man committee held discussions on... [...]]]>

• Foreign Exchange Insight : GBP USD Rate Recovers In Spite of IMF’s Warning of ‘a Dangerous New Phase’ For Global Economy

The International Monetary Fund stole the headlines in the currency markets yesterday, with the release of a doom-laden report which predicted rough waters ahead for the... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, TRY

Investors holding Sterling-denominated assets will be nervously eyeing tomorrow morning’s release of the minutes of the most recent Bank of England monetary policy meeting. The Pound has lacked direction on the day ahead of the release, but if the minutes reveal that the nine-man committee discussed an extension to the... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Rises as S&P Downgrades Italy’s Debt Rating, While GBP USD Rate Heads Lower

There was further bad news for the Euro overnight, with leading credit ratings agency S&P downgrading Italy’s sovereign debt rating from A+ to A. In its accompanying... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NOK

The Bank of England’s Quarterly Bulletin, released earlier today, revealed the extent to which the UK’s £200bn asset purchase scheme has skewed British economic data in recent times. The Bulletin estimated that the bank’s QE policy may have added as much as 2% to the UK’s GDP figures, whilst it also estimated that the... [...]]]>

• Foreign Exchange Insight : Euro Weakens on Greek Debt Default Fears as GBP USD Rate Breaks Down to New 8-Month Low

This is shaping up to be a pivotal week for Europe’s single currency as Greece’s debt problems appear to be coming to a head.

The markets were unsettled by the meeting of... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD

No UK data releases of note today meant little movement for the Pound. The next risk event of note for Sterling comes in the early hours of Monday morning with the release of the latest edition of the Rightmove house price survey. Given recent UK housing sector, the survey is unlikely to be Sterling-positive. NEAR -TERM... [...]]]>

• Foreign Exchange Report : GBP USD Rate Rebounds From 8-Month Low as Five Leading Central Banks Act in Unison to Avert Global Banking Crisis

Five of the world’s leading central banks took the drastic step of announcing a joint action aimed at shoring-up the global retailing banking sector yesterday, stealing the... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF

The Pound has gained ground against most of the other majors so far today, following better-than-anticipated UK Retail Sales figures for August, released earlier today. Even though the data outstripped expectations, it still showed that British shop sales are contracting on an annualised basis. Investors holding... [...]]]>

• Foreign Exchange Report : GBP USD Rate Breaks to 8-Month Low as Investors Scale Back Risk on Poor US Retail Sales Data

The Euro continued to stabilise in the currency markets during yesterday’s session following a concerted effort by Eurozone policy-makers to emphasise their ongoing commitment... [...]]]>

• Foreign Exchange Insight : GBP EUR Rate Drops In Spite of Acceleration in UK Inflation and Ongoing Greek Default Fears

The Euro clawed back some of the ground it lost against the Pound and the US Dollar at the start of the week during yesterday’s session.

Sentiment towards the Eurozone’s... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, SGD

UK Inflation figures released this morning showed that the headline CPI rate of inflation rose again last month. However, the markets had expected this and the Pound has lost ground against most of the other sixteen most-actively traded currencies during today’s session as fears increase over the health of the UK’s housing... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Rejects 6-Month High as China Considers Purchase of Italian Debt and Fears Grow For UK Housing Sector

There was a rare piece of good news for investors holding Euro-denominated assets this morning, with reports in the financial press suggesting that China Investment... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, AED

No UK data of note was due for release today, meaning that relative Sterling levels were determined by movements in other currencies. This caused the GBP EUR rate to push forward, as did the GBP AUD and GBP NZD rates, whilst the GBP USD rate remained under pressure. Tonight’s RICS House Price survey provides the next UK... [...]]]>

• Foreign Exchange Report : Eurozone Debt Contagion Fears and the Acrimonious Resignation of ECB’s Stark Sends GBP EUR Rate to 6-Month High

Market participants acted to shift their investments out of Euro-denominated assets as last week’s session in the currency markets drew to a close, taking the GBP EUR exchange... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD

Sterling has enjoyed broad support in the currency markets today, thanks to this morning’s PPI Output data, which suggested that the increase in UK factory gate prices is accelerating. This has led investors to price-in a greater chance of a BoE interest rate rise within the next 12 months. NEAR-TERM OUTLOOK – NEUTRAL TO... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Spirals as ECB Cuts Eurozone Growth Forecasts and Trichet Hints at Loosening Monetary Policy

It is almost eight years since Jean-Claude Trichet took over from Wim Duisenberg as the President of the European Central Bank. In this time, Trichet has carefully cultivated... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, ZAR

After yesterday’s poor UK economic data and in particular the NIESR GDP estimate which suggests the British economy is in slowdown mode, it was no surprise that the Bank of England’s Monetary Policy Committee chose to keep rates on hold at 0.50% today. The BoE also elected not to extend its current Quantitative Easing... [...]]]>

• Foreign Exchange Outlook : UK Data Releases Place GBP USD and GBP EUR Rates Under Pressure as UK House Prices Dip Again

Any investors still holding Sterling-denominated assets and looking for a reason to shift their funds out of the UK, have been provided with significant food for thought over... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD

July’s UK industrial production figure, released earlier today, showed that Britain’s industrial output is in contraction and that this contraction is picking up pace. UK manufacturing data, also released this morning, showed that the UK’s manufacturing output is slowing. With investors fearing that a double dip recession... [...]]]>

• Foreign Exchange Report : GBP USD Rate Drops as Swiss National Bank Sets Lower Limit For EUR CHF Rate

In a major development, Switzerland’s central bank, the Swiss National Bank, yesterday announced that it would be intervening in the currency markets with immediate effect to... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF

The Pound has been friendless in the currency markets throughout today’s session following the worst PMI Services sector reading for over a decade yesterday. Most of the major moves have been for other currencies on the day, but tomorrow’s UK industrial production figures and Thursday’s NIESR growth estimate may change... [...]]]>

• Foreign Exchange Insight : European Shares Plummet, Sending GBP USD Rate to 6-Week Low as Investors Take Flight From Eurozone Sovereign Debt Crisis

More worryingly poor economic data releases and renewed concerns that the Eurozone’s sovereign debt crisis is set to spread saw appetite for risk plummet during yesterday’s... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF

This morning’s UK PMI Services Survey showed the biggest contraction in British services industries for over ten years. This is bad news for the Pound, as the UK economy is heavily reliant on businesses operating in the services sector. Sterling badly needs Wednesday’s industrial prediction figures to better expectations to... [...]]]>

• Foreign Exchange Report : Flat-Line US Non-Farm Payrolls Figure Sees Investors Abandon Equities, Sending GBP USD and GBP CHF Rates Lower

Friday afternoon saw the release of the Non-Farm Payroll figure for August in the US. The NFP number is consistently the single most closely-watched release of the monthly... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NOK

Growth in the UK construction sector showed a further slowdown last month according to the PMI construction survey released this morning. The figure represents the lowest reading since the turn of the year. Following on the coat tails of yesterday’s data which showed that the UK manufacturing sector is contracting, today’s... [...]]]>

• Foreign Currency Report : GBP USD Rate Drops Again as Data Shows that US Factory Output Avoided a Contraction Last Month

Currency investors switched their focus to the state of the global economy yesterday, as a slew of data releases caused market participants to adjust their expectations for the... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, CAD

This morning’s PMI survey showed that the UK’s manufacturing output continued to contract last month as demand for British exports in foreign markets dropped off. With the latest Halifax house price survey showing an unexpected dip in UK property prices, most analysts would have expected the Pound to come under selling... [...]]]>

• Foreign Currency Insight : Improved US Factory Order Data Sends GBP USD Rate Lower

The US Dollar once again took centre stage in the currency markets yesterday, with an encouraging set of US Factory Orders figures pushing the Greenback further forward.

The... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD

No data releases in the UK today have led the Pound to drift downwards against the other majors. Tomorrow’s PMI Manufacturing sector survey will be closely watched – last month’s counterpart figure disappointed, causing downward pressure on the Pound. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.

US DOLLAR – The Pound... [...]]]>

• Foreign Exchange Report : GBP USD Rate Up as Investors Fear Further Loosening of US Monetary Policy Following FOMC Minutes

Last night saw the release of the minutes of the Federal Open Market Committee’s last policy meeting, which took place on 9th August. The Minutes echoed Fed Chairman Ben... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, JPY

The Pound has lost ground against most of the sixteen most actively-traded currencies so far during today’s session. The day started badly for Sterling with August’s Lloyds Business Barometer survey disappointing and things got worse when Net Consumer Credit data showed that UK credit expansion is slowing. NEAR-TERM OUTLOOK... [...]]]>

• Foreign Exchange Insight : Positive US Income and Household Expenditure Data Pushes EUR USD Rate to a 7-Week High, While GBP AUD and GBP NZD Rates Suffer

The major mover on the currency markets during yesterday’s session was the US Dollar, which continued to weaken against the other majors.

The move against the Greenback... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF

The pound has had a mixed day today. Sentiment is still poor for the UK economy and the outlook for economic growth is still marginal. The Office for National Statistics has confirmed that the UK economy grew just 0.2% in the second quarter. Factors such as the April bank holiday, the Royal Wedding and the Japanese Tsunami... [...]]]>

• Foreign Exchange Insight: GBP USD Poised ahead of Jackson Hole Symposium EUR Gains on Hope For Stability

The pound sold off yesterday against most of the world's most actively traded currencies with CBI figures showing a slowing in demand in the UK economy. This has not helped in... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF

More disappointing UK data releases today have held back the Pound today; this morning’s CBI Reported Sales figure hinted at a future slowdown in British aggregate demand, while the Nationwide Consumer Confidence survey also showed a dip. Sterling badly needs tomorrow’s Q2 annualised GDP growth figure to beat expectations... [...]]]>

• Foreign Exchange Insight : Positive US Durable Goods Numbers Drive GBP USD Rate Lower While Euro Rides Out More Worrying German Data

Yesterday’s session in the currency markets was marked by the resurgence of the US Dollar following the release of July’s US Durable Goods figure.

The closely-watched... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, ZAR

Once again, there are no data releases of note in the UK penned in for today. In the absence of any compelling reasons to buy the Pound, the GBP EUR and GBP USD rates have drifted down on the day. Investors holding Sterling-denominated assets will be willing Friday’s UK Q2 GDP figure to be positive. NEAR-TERM OUTLOOK –... [...]]]>

• Foreign Exchange Report : Weak US Housing Sector Data and Japanese Debt Downgrade Could Send GBP AUD, GBP NZD, GBP CAD Rates Higher

Western equities markets enjoyed pronounced gains during yesterday’s session with the benchmark S&P 500 index closing up by 3.43%. These gains were a continuation of... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, SGD

Some positive UK data released today has failed to cause a move forward for the Pound, signalling that market participants are still concerned about rock-bottom UK interest rate expectations. Last night’s CBI Trends Total Orders data beat expectations as did this morning’s CBI Trends Selling Prices figure, however Sterling... [...]]]>

• Foreign Exchange Insight : Rumours of QE3 by the Federal Reserve Threaten USD While Uncertainty Over Libyan Crisis Send Gold to a New Record High

The crisis in Libya looked to be close to reaching a conclusion when rebel forces swept into Libya’s capital Tripoli on Sunday, cheered on by hordes of jubilant citizens.... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NOK

This week sees a very light schedule of UK data releases, making Friday’s UK Q2 GDP figure all the more important. Sterling has lost a little ground against the high-yielders, but otherwise remains steady on the day. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.

US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Dips While Price of a Barrel of Crude Oil Heads Lower as Libyan Crisis Nears a Resolution

The Pound endured a poor day in the currency markets on Friday. Sterling opened brightly against the Euro to trade to within 0.6c of a 5-month high against Europe’s single... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF

This afternoon’s UK Public Sector Net Borrowing figure showed that the British government generated £2bn of new debt in July alone. It’s hardly a revelation that the UK’s public finances are not in good order, so the figure failed to weigh down Sterling. However, next week’s UK GDP Growth figures for quarter two are highly... [...]]]>

• Foreign Exchange Report : Fear Returns to World Share Markets as ECB Makes Emergency Bank Loan and Global Data Disappoints

The recent erratic behaviour in stock markets continued yesterday as global equities once again plunged. London’s FTSE 100 index suffered its ninth largest one day loss in... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, CAD

UK Retail Sales data for July, released this morning, showed that British shop sales are contracting on an annualised basis. However, the Pound has traded steadily following the figure, as it continues to find support as the other majors also struggle for direction. NEAR-TERM OUTLOOK – NEGATIVE.

US DOLLAR – The Pound... [...]]]>

• Foreign Exchange Insight : GBP USD Rate Hits 15-Week High Despite Weak UK Employment Numbers and Dovish BoE Minutes

In an unusual session yesterday, the Pound made gains against the Euro and the US Dollar in spite of the release of the minute of August’s Bank of England monetary policy... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, HKD

The release of the minutes of this month’s Bank of England Monetary Policy Committee meeting provided a big surprise for analysts earlier today, revealing that for the first time this year, all nine members of the committee voted to hold rates at 0.5%. Unemployment figures also released this morning rubbed salt into the UK... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Gains as UK Inflation Accelerates and Franco-German Summit Fails to Provide Debt Solution

The markets had held great hopes that yesterday’s meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy to discuss Eurozone debts would yield a... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, TRY

Official figures released this morning showed that the headline CPU inflation rate rose to 4.4% last month, up 0.2% from the month before. However, the Bank of England have always maintained that inflation would rise before dropping back below the government’s 2.0% target, so the figure failed to shift investors’ UK... [...]]]>

• Foreign Exchange Insight : Swiss Franc Tumbles on Euro-Peg Rumours, While GBP is Friendless Ahead of UK Inflation Figure

The Pound started the week on the back foot yesterday, performing anaemically against all of the major currencies, with the exception of the traditional reserve currencies,... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NOK

The Pound suffered in early trading today with August's Rightmove house price survey, released last night, showing that UK property sellers dropped their asking prices by a significant amount for the second month in succession. Tomorrow morning’s key UK CPI Inflation data for July will set the tone for the Pound for the... [...]]]>

• Foreign Exchange Report : World Bank Warns That Global Economy is Riding Towards a ‘New Danger Zone’, GBP EUR Rate Drops on Poor UK Housing Data

The dramatic recovery in global equities markets, which began during the last two sessions of last week, has continued today, with Asian stocks enjoying further gains... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, SGD

The FTSE 100 has once again shown gains today, following its heavy losses of the early part of the week. This has propped the Pound up, but fears remain over the state of Britain’s real economy following Chancellor George Osborne’s warning yesterday that the UK faces a ‘hard recovery’. NEAR-TERM OUTLOOK – NEUTRAL.

US... [...]]]>

• Foreign Exchange Insight : Market Rumours That Switzerland Will Peg the CHF to the EUR See the Franc Suffer Record Daily Losses

As a hectic week draws to a close, some order appears to be returning to global markets. Asian shares made moderate gains overnight; a stark contrast to the early part of the... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, ZAR

No UK data releases on the day meant steady trading for the Pound. Risk-driven movements in other currencies have determined the levels on Sterling pairs as investors wait for next Tuesday’s key UK CPI inflation figure to provide further direction. NEAR-TERM OUTLOOK – NEUTRAL.

US DOLLAR – The Pound Dollar exchange... [...]]]>

• Foreign Exchange Report : Fears That France Will Lose Its AAA Debt Rating Fuel Further Losses For Global Stock Markets, Sending GBP USD Rate Lower

Yesterday saw the re-emergence of Eurozone debt fears, causing renewed uncertainty in global equities and currency markets.

Worries over Eurozone sovereign debts, which... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF

The Bank of England’s Quarterly Inflation Report, released this morning, has caused further downside for Sterling following yesterday’s disappointing Industrial Production figures. The Report downgraded the Bank’s predictions for UK growth and stated that CPI inflation was expected to fall below the government’s 2% target... [...]]]>

• Foreign Exchange Insight : Panic Subsides and Appetite For Risk Floods Back into Global Markets as Federal Reserve Confirms Low US Interest Rates Until 2013

Panic is, by its very definition, an emotional state that can only prevail for a very short period of time. It was, therefore, perhaps inevitable that the febrile behaviour of... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD

This morning’s UK Industrial Production figures showed a contraction in UK industrial output in June, placing pressure on the Pound and stoking analysts’ fears that British economic activity may once again be grinding towards a halt. If the NIESR GDP growth estimate prints at lower than last month’s 0.1% figure when it is... [...]]]>

• Foreign Exchange Report : Stock Market Collapse Gathers Pace, Taking the AUD, NZD and ZAR With It

The sell-off in global stocks has continued at pace over the last 24 hours, with New York’s Dow Jones recording its sixth worst day in history yesterday, closing down by over... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD

The Pound has traded sideways against the other majors on the day, with no data of significance released in the UK. Tomorrow sees the release of the closely-watched NIESR GDP Growth Estimate figure for last month; if it suggests that Britain’s economy is slowly grinding towards a standstill again, then the Pound may give up... [...]]]>

• Foreign Exchange Report : S&P Downgrades US’s Credit Rating For the First Time Ever, Fuelling a Further Sell-Off in Global Shares

In a major development, which came on Friday night, Standard and Poors, the leading ratings agency, downgraded the US’s credit rating from the maximum AAA status to AA+ for... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, AED

This morning’s UK Producer Price Index figure showed that factory gate prices are rising at a slightly higher rate than had anticipated. By rights, this should have caused support for the Pound as investors upwardly revise their projections for UK interest rates. However, the Pound failed to make any headway against the... [...]]]>

• Foreign Exchange Report : Global Share Markets Collapse as Panic Grips the Markets, Sending GBP AUD Rate Spiralling

All-out panic has taken a hold of investors over the last twenty four hours, with market participants fearing the worst about the Eurozone debt situation and the prospects for... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, JPY

As expected, the Bank of England announced earlier today that it would be maintaining UK interest rates at 0.50% and that it would not extend the £200bn of assets currently committed to it quantitative easing scheme. The market’s response to the news was subdued, to say the least. NEAR-TERM OUTLOOK – NEUTRAL.

US... [...]]]>

• Foreign Exchange Insight : Gold Hits Record High, Equities Lose Ground and GBP AUD Rate Spirals as Investors Fear the Worst For Global Recovery

Yesterday saw the release of the latest in a string of disappointing data, with the US Institute of Supply Management issuing figures which showed that America’s service... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF

The majority of the UK’s economic activity takes place in the services sector, so this morning’s PMI services survey for July, which showed that this key sector is expanding at its fastest rate since March, was very good news for the Pound. Tomorrow’s Bank of England monetary policy announcement is likely to be less... [...]]]>

• Foreign Exchange Report : Poor US Personal Spending Data Sends Share Markets Lower and Causes AUD, NZD and ZAR Weakness

Yesterday’s session in the currency markets was marked by the release of further data which suggested that the US economy is showing signs of weakening.

The US Personal... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NOK

A better set of PMI data, this time in the construction sector, have helped prop up the Pound today. Yesterday’s PMI manufacturing numbers seriously disappointed and if tomorrow’s PMI figures for the UK’s key services sector also come in below expectations, then Sterling will come under selling pressure. NEAR-TERM OUTLOOK –... [...]]]>

• Foreign Exchange Insight : GBP USD Rate Plummets as Congress Votes to Avert US Default, While AUD Suffers Following Weak Australian Building Approvals Data

As expected, the US House of Representatives yesterday voted by 269 votes to 161 in favour of a Bill to raise the US debt ceiling, whilst introducing measures to cut... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, ZAR

This morning’s UK Purchasing Managers Index Manufacturing survey showed that the number of respondents who are negative about the prospects for the UK manufacturing sector outweighed those who are positive, causing selling pressure on Sterling. If tomorrow’s PMI construction figure also disappoints, the Pound may trend... [...]]]>

• Foreign Exchange Report : GBP USD Rate Holds Steady Despite Obama’s Announcement of Compromise US Debt Deal to Avoid US Default

US President Barack Obama announced overnight that negotiations between warring Democrat and Republican leaders had yielded an agreement on cutting the US deficit, allowing... [...]]]>

• Exchange Rate Forecast - GBP, EUR, USD, AUD, NZD

The Pound weakened in trade this morning against the majority of majors. The most notable fall was a move to 1.2904 vs the Swiss Franc. The outlook for the Pound remains decidedly bearish despite the slight recovery this afternoon. This retracement represents a focus shift to more urgent matters occurring in the US.... [...]]]>

• Currency Exchange Rates Insight: The Key Majors GBP,USD & EUR Face Uncertainty on Fears of Global Debt Contagion

The headline events for today are the Q2 GDP figure from the US due at 1230 GMT and the vote from congress on the current US... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, CAD

The Pound has recovered a little against the majority of the world’s most actively traded currencies. We would still however remain bearish on the Pound with a constant stream of Sterling negative data being released on a weekly basis. NEAR-TERM OUTLOOK – NEUTRAL - NEGATIVE

US DOLLAR – The Pound Dollar exchange rate... [...]]]>

• Foreign Exchange Rates : EUR Suffers on Moodys Warnings, GBP USD poised to make further gains

Earlier in the week we considered the likelihood of a US Debt default, the general consensus in the market was that after... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD

The Pound has sold off steadily from its 1.6436 high against the Dollar. Data from The Confederation of British Industry has helped to further illustrate the problems with a slowing economic recovery and it is now likely that the BoE will come under increased pressure to restart the Quantitative Easing program and therefore... [...]]]>

• Foreign Exchange Update: GBP EUR Focus shifts to Widespread USD selling on Debt Default Concerns

The UK GDP figures yesterday showed that the UK economic growth rate slowed to 0.2% for the second quarter.... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD

The Pound suffered in opening trade this morning falling to a daily low against most majors ahead of the UK Q2 GDP release. The figure was announced as expected and the Pound recovered to close relatively flat on the day. The GDP figures reinforce the outlook that UK interest rates are unlikely to change in the short term.... [...]]]>

• Currency Exchange Rates: Sterling rallies on GDP figures

Pound Sterling has rallied on the news of the GDP growth figures released this morning.
The Office for National Statistics announced that Britain's GDP product grew by 0.2% in the... [...]]]>

• Foreign Currency Insight: GBP & USD suffer as EUR makes Significant Advance

The Pound has opened this morning with widespread weakness against the majority of the majors. Market participants are bracing themselves for the worse ahead of this mornings... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF

The Pound has traded within a relatively narrow range as trader’s side towards caution ahead of tomorrow’s Q2 GDP announcement. Despite last week’s announcement that Retail Sales figures were up for the month of June, the expectation is that GDP will be down from (0.5%) in the previous quarter to an expected (0.2%) for Q2.... [...]]]>

• Currency Exchange Report - GBP EUR Reversal as European Focus Shifts to US Debt Ceiling Talks, USD Hesitates

Markets seem to be breathing a sigh of relief following the announcement of measures aimed at maintaining stability in the Eurozone. The EU summit last week saw a sovereign... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD

Sterling has traded within tight ranges against the Dollar and the Euro so far today and with no major risk events until next week, this is likely to continue until tonight’s close. Tuesday’s Q2 UK GDP growth figure needs to outstrip expectations for the Bank of England to even begin considering raising interest rates.... [...]]]>

• Foreign Exchange Report : GBP EUR Dips on News of Second Bail-Out For Greece, But Greek Default Now Appears Inevitable

Details of the Eurozone’s plan for a second bail-out for debt-addled Greece were leaked to the press overnight, causing a rally in Asian equities.

The second bail-out will... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, HKD

The Pound has moved forward against the other majors following the release of figures which showed that UK Retail Sales had unexpectedly grown in June. However, support for Sterling may be short-lived following yesterday’s dovish Bank of England Minutes. NEAR-TERM OUTLOOK – NEUTRAL.

US DOLLAR – The Pound Dollar... [...]]]>

• Foreign Exchange Report : Market Anxiously Awaits Eurozone Debt Summit as GBP EUR Rate Slips on Dovish Bank of England Minutes

The major news story in the currency markets today is likely to be the emergency meeting of Eurozone leaders which starts in Brussels at midday UK time.

The major topic for... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, TRY

The release of the minutes of July’s Bank of England Monetary Policy Committee meeting has caused selling pressure on the Pound. The minutes predicted a softening in UK economic activity in the third quarter and went on to call for the committee to consider further UK quantitative easing if there were further signs of... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Holds Steady In Spite of IMF’s Sovereign Debt Warnings

The IMF poured further fuel onto the flames of the Eurozone’s debt crisis yesterday as comments by the organisation’s Executive Board revealed grave concerns about the future... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, SGD

With investors eyeing the release of tomorrow’s Bank of England Minutes from July’s MPC meeting, the Pound has held steady on the day. If the minutes reveal that the nine-man committee discussed an extension to the £200bn of funds already committed to the UK’s Quantitative Easing scheme, then Sterling could come under heavy... [...]]]>

• Foreign Currency Insight : GBP USD Rate Dips as Reserve Bank of Australia Releases Dovish Minutes and Global Risk Appetite Ebbs Away

Uncertainty continued to grip the markets during yesterday’s European and North American sessions as market participants fretted about the outcome of the ongoing Eurozone and... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD

This morning’s Rightmove House Price survey for July provided investors holding Sterling with further reason for concern, showing that UK house prices are continuing to contract. However, the Pound is holding up well against the Dollar and the Euro thanks to continuing sovereign debt problems in the US and Eurozone.... [...]]]>

• Foreign Exchange Report : European Bank Stress Test Results Fail to Provide Support For Euro, While USD Remains In Danger

The European Banking Authority (EBA) announced the results of its latest Stress Test into the creditworthiness of ninety leading European retail banks late on Friday... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD

Levels on Sterling pairs have been determined by the relative strength of other currencies today, in the absence of any UK data releases. Next week’s session begins with the release of the Rightmove House Price Survey for July, which will be Sterling-negative if it shows a continuation of the recent weakening trend in UK... [...]]]>

• Foreign Exchange Report : GBP USD Rate Steady as Italy Votes to Tackle ‘Monster Debt’, Euro Weakens Ahead of Bank Stress Tests

The Eurozone’s ongoing sovereign debt crisis dominated the headlines yesterday and once again market participants focussed on Italy’s debt situation, as the Italian Senate... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, ZAR

With no UK data releases pencilled-in until next week, Sterling has traded no more than steadily on the day. Continuing concerns about the unresolved debt crises in the US and the Eurozone suppressing global risk appetite, the FTSE 100 has suffered significant losses, causing further downward pressure on the Pound.... [...]]]>

• Foreign Currency Insight : GBP USD Rate Spirals as Fed Chairman Ben Bernanke Raises the Possibility of Further US Quantitative Easing

The US Dollar plummeted during yesterday afternoon’s European session following Federal Reserve Chairman Ben Bernanke’s Semi-annual speech on monetary policy to... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, JPY

Mixed labour UK market data released today held back the Pound in early trading. The job numbers showed that UK unemployment dropped by 26,000 in the three months to May, meaning that a total of 2.45m people remain unemployed in Britain. However, on a less positive note, last month saw the number claiming Job Seeker’s... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Gives Up Gains Following Poor UK Inflation and Trade Numbers

The Pound started yesterday’s European session on a solid footing, but Sterling’s steady performance only lasted until 0930hrs BST when a raft of negative UK data was... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, NZD

This morning’s UK inflation data surprised analysts, showing that the headline CPI measure of UK inflation had dropped last month, against expectations. Downward pressure on Sterling was accentuated by trade data, also released this morning, which showed that the UK’s trade gap widened in May. NEAR-TERM OUTLOOK – NEUTRAL TO... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Trades Up as Italian and Spanish Debt Yields Reach Record Levels, USD and CHF Gain Support

The Euro suffered another torrid day on the markets yesterday as fears heightened that the Eurozone’s sovereign debt situation is set to escalate.

The Eurozone’s seventeen... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NOK

In the absence of any significant UK data releases, the Pound has drifted downwards against most of the other sixteen most-actively traded currencies on the day, with the notable exception of the Euro and the Scandinavian currencies. With major developments elsewhere causing a dip in appetite for risk, today’s downward move... [...]]]>

• Foreign Exchange Insight : GBP USD Rate Improves Following Disappointing US Non-Farm Payroll Figure, While GBP CHF Rate Drops

Friday’s session in the currency markets was marred by the release of extremely weak US labour market data; for the second month in succession, the closely-watched US Non-Farm... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD

The Pound has performed steadily on the day against most of the majors, with GBP EUR making significant gains due to general Euro weakness. UK economic data has been of a more encouraging tone today, following yesterday’s highly disappointing NIESR GDP Growth Estimate, with Producer Price Index Input and Output figures both... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Trades Lower Following ECB Interest Rate Hike and Trichet’s Press Conference

The Bank of England Monetary Policy Committee surprised no-one when they announced that they had elected to maintain base rate at it’s current record-low level of 0.50%. The... [...]]]>

• Foreign Exchange Insight : GBP EUR Rate Recovers as Eurozone Data Disappoints and Portuguese Debt is Downgraded to ‘Junk’ Status

The Euro lost ground against the safe-haven Swiss Franc and US Dollar for the first time in five trading sessions yesterday, through a combination of weak data releases and... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, AED

Sterling received a boost earlier today with the release of a better-than-anticipated Purchasing Managers’ Index Services survey. This helped the Pound make gains against all of the majors with the exception of the Swiss Franc during Europe’s morning session, but Sterling’s forward move may be short-lived, with Thursday’s... [...]]]>

• Foreign Exchange Report : GBP AUD Rate Gains Following Bleak RBA Statement, While GBP USD Trades Lower

Yesterday saw a muted start to the week’s session in the currency markets, with investors eyeing key central bank rate decisions later in the week and paying limited attention... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF

The Pound has struggled for direction on the day, with the PMI Construction survey for June coming in at exactly the expected level. Tomorrow morning’s PMI Services survey will be closely watched, as service sector numbers have proved market-moving in recent months due to the UK’s high dependency on this key area.... [...]]]>

• Foreign Exchange Insight : Soft Global Data Releases Suppress GBP USD Rate, While GBP AUD Breaks Higher

Global data releases during last Friday’s session were once again of a softer nature than analysts had been expecting, causing a dampening effect on investors’ appetite for... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, HKD

With this morning’s PMI data showing that expansion in the UK’s Manufacturing Sector dropped to its lowest rate in 21 months in June, the Pound has come under further selling pressure on the day. The one saving grace is that Asian and Eurozone data releases today have been equally weak, making the British numbers relatively... [...]]]>

• Foreign Exchange Insight : GBP EUR Breaks to New 15-Month Low, While GBP CHF Shoots Upwards Following Parliamentary Approval for Greece’s Austerity Package

The major news in the currency markets yesterday once again emanated from Greece, where the ruling PASOK party gained parliamentary support for the implementation of its... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, ZAR

The Pound suffered a poor start to today’s European session in spite of a slightly better-than-anticipated Nationwide House Price Survey for June, released earlier today. The downward move was partly a reaction to the release of the worst UK service sector figures for 15 months yesterday and renewed focus on the UK’s yield... [...]]]>

• Foreign Exchange Report : GBP AUD Plummets to 26-Year Low as Greece Votes ‘Yes’ to Austerity, GBP EUR Down Again

Greece’s parliament yesterday voted in favour of the proposed package of austerity measures by 155 votes to 138. The voting was not as clear-cut as some analysts had expected,... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, CAD

This morning’s UK Mortgage Approval data and Consumer Credit numbers for May disappointed, causing some early downward pressure on the Pound. Events elsewhere have determined the levels on GBP pairs during this afternoon’s session. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.

US DOLLAR – The Pound Dollar exchange rate... [...]]]>

• Foreign Exchange Report : Global Stock Markets Rally Ahead of Crucial Greek Vote While GBP EUR Rate Drops Further

Global stock markets have registered significant gains over the last twenty-four hours in anticipation of a positive outcome in today’s vote on proposed austerity measures in... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NOK

Figures released this morning by the Office of National Statistics confirmed that the UK Economy grew by 0.5% in the first quarter of 2011. The ONS figures also confirmed that UK Retail Sales contracted by 0.6% in the first three months of 2011, providing a reminder to investors that the UK economy is not in a strong state.... [...]]]>

• Foreign Exchange Insight : GBP USD Rate Trades Lower as Crude Oil Drops, While EUR Gains Further Support

The Euro made gains against the other majors during yesterday’s session, as the debate on the introduction of proposed austerity measures got underway in Greece’s... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD

Last night’s Hometrack Housing Survey showed a small monthly contraction in UK house prices this month, providing further evidence of a softening in the UK’s housing sector. With no key data due for release in the UK until tomorrow morning’s finalised Q1 GDP figure, the Pound has traded within tight ranges against the other... [...]]]>

• Foreign Exchange Report : GBP USD Rate Drops to 5-Month Low as Greek Debt Fears Escalate

As a new week commences in the currency markets, one story continues to dominate - Greece’s ongoing sovereign debt woes.

In an interview published yesterday, Greece's... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD

The Pound has done little more than hold its own against the other majors today as market participants focussed on events elsewhere. With no data released in the UK today, a positive move for the FTSE 100 equities index was cancelled out by expectations that a Bank of England interest rate rise is many months away yet.... [...]]]>

• Foreign Exchange Report : GBP USD and EUR CHF Rates Plummet as Global Risk Appetite Ebbs

The Euro came under heavy and sustained selling pressure yesterday, as investors reacted to comments made by Fed Chairman Ben Bernanke on Wednesday night that a failure to... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF

Sterling has endured a mixed day on the markets, clawing back some of yesterday’s lost ground against the Euro, but GBP USD has slipped to its lowest level since the end of March. This morning’s CBI Reported Sales figure for June disappointed, showing a slight contraction. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.

US... [...]]]>

• Foreign Exchange Report : Downbeat Bernanke Commentary Sends GBP USD Rate to a Twelve-Week Low

Chairman of the US Federal Reserve, Ben Bernanke, used his press conference last night to issue a pessimistic view of the state of America‘s economy.

Bernanke downgraded... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, NOK

The Pound has come under severe selling pressure following the release of the minutes of June’s Bank of England Monetary Policy Committee meeting earlier today. The minutes showed that only two of the nine man committee had voted for an interest rate hike, following the departure of long-time hawk Andrew Sentance. The... [...]]]>

• Foreign Exchange Insight : Greek Vote of Confidence Spares the Euro For Now, But EUR GBP and EUR USD Rates Slip

In a major development last night, Greece’s ruling Panhellenic Socialist Movement narrowly survived a vote of confidence, by 155 votes to 143, in Greece’s parliament. This... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD, ZAR

The Pound has suffered limited losses against virtually all of the other majors during today’s session. With this morning’s Public Sector Borrowing figures for May providing few surprises, most investors are taking a ‘wait-and-see’ approach ahead of tomorrow’s release of June’s BoE Minutes. If more than two MPC members... [...]]]>

• Foreign Exchange Insight : Gloomy Reserve Bank of Australia Minutes Send GBP CHF and GBP USD Rates Lower

The Reserve Bank of Australia’s minutes of this month’s Monetary Policy meeting, released during last night’s Asian session, painted a gloomy picture of the state of the... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, NZD, TRY

The Rightmove House Price survey for June, released overnight, showed that the monthly increase in UK house prices slowed last month. However, this disappointing housing data has not caused any significant downward pressure on Sterling, as investors sit on their hands ahead of Wednesday’s Bank of England minutes. NEAR-TERM... [...]]]>

• Foreign Exchange Report : GBP USD Drops Following Weak Japanese Trade Figures, While GBP NZD Rate Gains

The US Dollar has started this week’s session on the front foot, with the GBP USD rate dropping by almost half a percentage point during the Asian session.

The move in... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF, CAD

With no data of note released today in the UK, yesterday’s poor UK Retail Sales figure for May continued to weigh heavily on investor’s minds. This has caused the Pound to lose ground against nearly all of the 16 most-actively traded currencies. The exception being the reserve currencies. NEAR-TERM OUTLOOK – NEUTRAL TO... [...]]]>

• Foreign Exchange Insight : Dollar Surges as Global Risk Appetite Ebbs Away on Greece’s Debt Woes

The US Dollar made further gains on the currency market yesterday, as global investors’ appetite for risk continued to ebb away.

All of the world’s leading stock exchanges... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, CHF, AED

This morning’s UK Retail Sales figures for May severely disappointed the market. The figure showed a monthly contraction of 1.4% last month, cancelling out April’s better-than-anticipated shop sales numbers. With no further UK data of note due for release this week, these numbers will feature heavily in the minds of... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Trades Up Again as the Currency Market is Gripped by Fears Over Greece’s Debt Crisis

The ongoing sovereign debt crisis in Greece once again took centre stage in the currency markets yesterday, causing the Euro to come under renewed selling pressure.

The... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF, SGD

UK job market data released this morning sent out mixed messages about the state of the real economy in the UK. On the one hand, the figures showed that UK Unemployment dropped by its largest quarterly amount since 2000. However, the numbers also showed a much larger than anticipated monthly increase in the number of people... [...]]]>

• Foreign Exchange Report : Euro Remains Under Pressure, While GBP AUD Rate Falls Away

Chairman of the Federal Reserve, Ben Bernanke, issued a stark warning to US policy-makers when he spoke last night. Bernanke echoed a report issued last week by leading... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD, JPY

This morning’s CPI inflation figure for May showed that annualised inflation in the UK remains at the same level as it was in April. Analysts had expected this, but the Pound still edged forward against most of the majors on the day. However, the persistent rise in UK prices is unlikely to cause the Bank of England to shift... [...]]]>

• Foreign Exchange Insight : GBP EUR Rate Closes Higher For Fourth Consecutive Session Following Eurozone Discord on Second Greek Bail-Out

The Euro suffered a day of losses on the currency market yesterday following the emergence of reports suggesting that a stand-off is taking place between ECB President... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, NZD, CHF

The Bank of England’s Quarterly Bulletin, released today, stated that British workers broadly expect UK inflation to drop back down to the Government’s target rate of 2% in the long-term. The Bank expects that this will mean that UK workers will not press for higher wages, meaning that inflation will not become entrenched... [...]]]>

• Foreign Exchange Report : GBP NZD Rate Spikes Upwards as Secondary Earthquakes Hit Christchurch. GBP AUD and GBP ZAR Rates Could Follow Suit

In a major development, two serious earthquakes have hit the Canterbury region of New Zealand overnight. Official sources suggest that the first struck about 10km from... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, NOK

Sterling showed red across the board for the majority of the day as UK data releases increased the gloom regarding Britain’s recovery. Industrial Production figures showed that the UK’s manufacturing output contracted significantly in April, whilst Producer Price data showed that input costs for UK factories are dropping,... [...]]]>

• Foreign Exchange Insight : GBP EUR Rate Gains on Trichet’s Comments

Both the Bank of England and the European Central Bank announced yesterday that they had elected to maintain their current central bank lending rates at 0.5% and 1.25%... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CHF

Today started positively for the Pound with the release of UK trade figures which slightly bettered expectations. The Bank of England surprised no-one when they kept interest rates at their historical low of 0.50% and kept their current asset purchase scheme at £200bn. NEAR-TERM OUTLOOK – NEUTRAL.

US DOLLAR – The... [...]]]>

• Foreign Exchange Report : GBP AUD Rate Up Following Weak Australian Jobs Data, GBP NZD Rate Drops

The Australian Dollar has been the major mover in the currency markets overnight following the release of a disappointing set of Australian labour market figures.

Investors... [...]]]>

• Foreign Exchange Report : GBP AUD, GBP NZD and GBP ZAR Rates Trade Higher Following Bernanke’s Comments

Ben Bernanake, Chairman of the US Federal Reserve, spoke at a banking conference in Atlanta last night regarding the state of the US economy and the Fed’s response to the US’s... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, NZD, CHF

Sterling has struggled for direction in the currency markets today. With no data releases of note penned in for the next 36 hours, all eyes remain on the BoE interest rate decision on Thursday. Any tightening of the UK’s monetary policy would be a monumental surprise. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.

US DOLLAR... [...]]]>

• Foreign Exchange Update : GBP EUR Rate Falls Further as Eurozone PPI Figure Stokes Inflation Expactations

Yesterday saw the Euro’s near-term strengthening continue following higher than expected whole-of-Eurozone Producer Price Index numbers.

The PPI Index, which is considered... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD, CHF

Today saw a very light day for UK data releases, with the Lloyds Employment Confidence survey for May being the only figure of note. The survey showed that employees remain on balance negative about their future job prospects, but less so than they were in April. The next key risk even for Sterling comes on Thursday with... [...]]]>

• Foreign Exchange Update : GBP USD Rate Up Following Poor US Non-Farm Payrolls Figure, While GBP CHF Rate Plummets

Friday’s highly disappointing US Non-Farm Payrolls figure for May stole the headlines in the currency markets at the end of last week. Analysts had expected the key labour... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CHF

UK PMI Services sector data came out worse than had been anticipated this morning, compounding the downward pressure on the Pound which followed Wednesday’s highly disappointing PMI Manufacturing survey. The poor Service sector data is particularly damaging for Sterling as many analysts had predicted that this would be the... [...]]]>

• Foreign Exchange Update : US Non-Farm Payroll Figure Could Send GBP CHF and GBP USD Lower

US Labour Market data releases over the past forty-eight hours have been of a contradictory nature, with Wednesday’s ADP Employment Change number showing that only 38,000 new... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, NOK

This morning’s PMI Construction Sector data came out ahead of expectations , however the Pound has once again struggled against the other majors on the day. The PMI Services figure has been market-moving in recent months, due to the UK economy’s perceived reliance on the key services sector, so tomorrow’s figure will be... [...]]]>

• Foreign Exchange Update : Soft Global Economic Data Releases Send EUR CHF and USD CHF Rates to New Record Lows

A series of poor data releases and renewed concerns over the Eurozone sovereign debt crisis saw share markets plummet following Tuesday’s day of gains for equities.

The Dow... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF, TRY

The Pound has suffered significant downside on the day following a poor PMI Manufacturing survey for May. To add insult to injury, April’s PMI Manufacturing was downwardly revised. This number gives little scope for the Bank of England’s MPC to raise interest rates at next week’s meeting. NEAR-TERM OUTLOOK – NEUTRAL TO... [...]]]>

• Foreign Exchange Currency Report : GBP AUD Rate Drops Despite Worst Quarterly Fall in Australian GDP For Over 20 Years

Yesterday's session saw appetite for risk flood back into global markets, as evidenced by pronounced gains for Asian, European and North American equities markets on the... [...]]]>

• Foreign Exchange Update : Share Markets Power Forward Causing GBP NZD and GBP ZAR Rates to Plummet

The major theme in the currency markets yesterday was the return of investors’ appetite for riskier assets.

The tone for the day was set with the release of positive... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, CAD, SGD

No data of note was released in the UK today, so the Pound suffered limited downside against most of the majors as the market continued to pare its expectations of a near-term cut in UK interest rates. Tomorrow’s residential mortgage numbers and PMI Manufacturing survey for May will further determine investors’ expectations... [...]]]>

• Foreign Exchange Update : GBP EUR Rate Set to Rise as Eurozone Sovereign Debt Woes Continue

The British Chambers of Commerce issued a gloomy prognosis for the UK economy in a report which was released over the weekend.

The BCC downgraded its 2011 growth forecast... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF, HKD

UK data releases over the last 24 hours have been of a generally positive tone, with last night’s GfK Consumer Confidence survey showed the largest monthly increase for over eighteen years and this morning’s Nationwide House Price survey also bettered expectations. However, Sterling has failed to break higher against most... [...]]]>

• Foreign Exchange Insight : Comments by ECB Policy-Makers Send GBP EUR Rate Higher

The Euro experienced significant volatility late on yesterday, as several European policy-makers commented on the ongoing Eurozone sovereign debt crisis.

ECB Board Member... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF, ZAR

With no tier one data released in the UK today, the Pound gained ground on the other majors due to Euro and US Dollar weakness in the market. Tonight’s GfK Consumer Confidence survey for May tomorrow is the last significant UK data release before the long weekends; this will lend it added significance. NEAR-TERM OUTLOOK –... [...]]]>

• Foreign Exchange Report : GBP EUR Exchange Rate Hits Two Month High as UK Import/Export Figures Push the Pound Higher

Yesterday morning’s data releases in the UK proved generally supportive for the Pound, as Sterling enjoyed a positive day on the currency markets.

The major UK data release... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, CAD, JPY

This morning’s revised UK GDP figures for Q1 came in ‘on expectations’, but UK Q1 Export figures released at the same time exceeded analysts’ expectations. A lower level of UK domestic imports in the first quarter suggests that the BoE’s tacit policy of weakening the Pound appears to be working. NEAR-TERM OUTLOOK – NEUTRAL... [...]]]>

• Foreign Exchange Rates : Pound Suffers as Moody’s Investigates UK Retail Banks, GBP EUR Up Later as Officials Discuss Greek Debt Reprofiling

European Commissioner Olli Rehn has stated in the last twenty four hours that Greece’s debt may have to be ‘re-profiled’ and that the term of the stricken state’s loans may... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, AED

Sterling came under significant selling pressure in the early part of today’s session after leading rating’s agency Moody’s announced that it was considering downgrading the credit rating of fourteen UK retails banks. The Pound came under further pressure when BoE MPC member Paul Fisher suggested that a UK interest rate... [...]]]>

• Foreign Exchange Outlook : EUR CHF Rate Drops to it Lowest Ever Level as Euro Debt Concerns Heighten

The Euro once again stole the limelight in the currency markets yesterday, as fears increased that several peripheral nations may be at risk of defaulting on their sovereign debts.

The yield on Greece’s 10 year treasury bills rose to a... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD, INR

With no data releases of note in the UK today, the Pound was left to trade to technical levels with the other majors, with movements in the EUR/USD pair determining levels on GBP EUR and GBP USD. Tomorrow morning’s Public Sector Borrowing figures may provide renewed direction for Sterling. NEAR-TERM OUTLOOK – NEUTRAL.... [...]]]>

• Foreign Exchange Report : GBP EUR Rate Spirals as Greek Debt Woes Escalate, While USD Strengthens

Movements in the currency markets leading up to Friday’s close were dominated by one story - Greece’s ability, (or potential inability), to repay its sovereign debt.

The GBP EUR exchange rate opened the day at 1.1335 and traded down as... [...]]]>

• Foreign Exchange Rates : Weak US Data Causes Gains For GBP USD, While GBP EUR Remains Under Pressure

For the second time during this week’s trading, the Pound failed to gain ground against the other majors following the release of apparently positive UK data during yesterday’s... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, CAD, CHF

Another worrying day for investors holding Sterling-denominated assets as the Pound failed to gain ground following positive UK data. This time, April’s UK Retail Sales figure showed a better-than-expected monthly increase of 1.1%, but the Pound still lost ground against the Euro and the Greenback. NEAR-TERM OUTLOOK –... [...]]]>

• Foreign Exchange Rates : GBP EUR and GBP USD Rates Drop on Release of Bank of England MPC Minutes

Sterling endured a dismal day on the currency markets yesterday, losing ground against all of the sixteen most actively-traded currencies.

The day started badly for the... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CHF

An unexpected rise in the number of UK workers claiming Job Seekers’ Allowance and a disappointing set of Bank of England minutes have seen the Pound suffer significant downside on the day. With only three of the nine-man Bank of England MPC committee voting for an interest rate hike and one of those leaving the MPC before... [...]]]>

• Foreign Exchange Rates : GBP EUR Rate Drops Despite Sterling-Positive Inflation Data

Yesterday’s major data release came in the form of the CPI Inflation figure for April in the UK.

Analysts had expected the number to show that UK inflation had increased slightly from last month’s 4.0% reading to 4.1%. However, the... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, CAD, NOK

This morning’s UK CPI Inflation figure far outstripped analysts’ expectations, coming out at an annualised 4.5%, its highest level since the Autumn of 2008. However, Sterling has failed to move forward against the UAD and EUR in spite of this apparently positive release, which is a bad sign for investors holding... [...]]]>

• Pound Euro rate and GBP USD up on CPI inflation data

The pound euro rate rose on the news that the CPI (UK Consumer Prices Index) annual rate of inflation rose to 4.5% in April.

This figure is up 0.5% over the previous month's 4%,... [...]]]>

• Foreign Exchange Currency Insight : GBP AUD Rate Dips on RBA Minutes, Euro Makes Gains

The major risk event in the currency markets during last night’s Asian session came in the form of the release of the Reserve Bank of Australia’s minutes of its most recent monetary policy meeting.

On the one hand, the minutes were... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CHF

The Pound has suffered from drift in the markets today in the absence of any key data releases. Tomorrow’s UK CPI Inflation figure for April will be avidly watched by investors, with a print of above 4.1% in the headline annualised rate likely to elicit renewed support for Sterling. NEAR-TERM OUTLOOK – NEUTRAL.

US... [...]]]>

• Foreign Exchange Rates : Euro Needs Positive CPI Inflation Figure to Arrest Slide

The Euro remains delicately balanced in the currency markets, with concerns regarding the continuing Eurozone sovereign debt crisis being counterbalanced by expectations of several ECB interest rate rises over the next 12... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, NZD, CHF

Doubts have surfaced over the strength of the UK’s economy following yesterday’s disappointing NIESR GDP forecast and today’s lowering of the European Commission’s UK Growth Forecast for 2011. Expectations for a UK interest rate rise have been lowered accordingly. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.

US DOLLAR –... [...]]]>

• Foreign Exchange Rates : GBP EUR Down on Positive German and French GDP Figures

Yesterday saw the Pound suffer significant losses against the other majors for the first time this week.

The tone was set for Sterling with the release of UK Industrial Production figures yesterday morning. The numbers showed that... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CHF

Sterling endured its first day of losses this week following a significantly weaker than anticipated monthly Industrial Production figure for March, which was released this morning. With no further UK data releases due out until next week, the Pound will be left to trade in technical ranges against the other majors.... [...]]]>

• Foreign Exchange Rates : Pound Rallies as BoE Predicts UK Inflation Will Break 5%

Yesterday’s Bank of England Quarterly Inflation Report sent out mixed messages about the likely future path for UK interest rates.

The report was more pessimistic about the prospects for UK economic growth than the previous report in... [...]]]>

• Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, CAD, CHF

This morning’s Bank of England Quarterly Inflation Report was massively supportive for the Pound, with the Bank predicting that the UK economy will return to annualised growth of 3% the year after next and that UK inflation would break above 5% in the near-term. Analysts have adjusted their predictions for UK interest rates... [...]]]>

• Foreign Exchange Rates : Comments by Eurozone Policy-Makers Determine GBP EUR and EUR USD Rates

Yesterday saw another day of rumour and conjecture surrounding the sovereign debt situation in peripheral Eurozone states, with several European policy-makers making comments in an attempt to calm the market’s concerns.

EU Economic... [...]]]>

• Foreign Exchange Rate Outlook Forecast for Majors : GBP EUR USD AUD NZD CHF

Sterling traded within tight ranges against the other majors on the day, in the absence of any tier one data. Tomorrow’s Bank of England Quarterly Inflation Report will be closely watched and it is likely that BoE Governor Mervyn King will trot out his usual dovish message on the UK economy. NEAR-TERM OUTLOOK – NEUTRAL TO... [...]]]>

• Foreign Exchange Rates : GBP EUR Rate Up Late as S&P Downgrades Greece’s Debt

The Eurozone’s sovereign debt woes continued yesterday as leading Ratings Agency Standard and Poor’s moved to downgrade Greece’s credit rating from B to BB-, moving the troubled Hellenic state’s gilts closer to junk bond... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

Today saw the release of further disappointing data in the UK, with the Halifax House Price survey showing an alarming monthly drop in British house prices. A disappointing figure for tomorrow’s RICS house Price figure would add to concerns that the UK property market is dipping. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.... [...]]]>

• Foreign Exchange Currency Report : Euro Slumps on Rumours That Greece is Set to Leave Single Currency

The old market adage ‘buy on the rumour, sell on the fact’, was more pertinent than ever during last Friday’s session as the Euro suffered heavy losses against the other majors as market whispers circulated which suggested that Greece was set to leave the... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

The Pound continued its mini-revival during today’s session following higher than expected Producer Price Index data. The figures added to speculation that a UK interest rate hike may not be as far off as had been previously anticipated. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.

US DOLLAR – The Pound Dollar exchange... [...]]]>

• Foreign Exchange Currency Report : German Factory Order Data and Trichet’s Comments Send EUR USD Rate Lower

The Euro started yesterday’s session strongly, with the GBP EUR rate breaking to a new 14 month low of 1.1059 and the EUR USD rate holding at close to 1.4939, its highest level since December 2009, which it touched earlier in the week.... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

The Bank of England voted to maintain interest rates at their current record low level of 0.50% and decided not to increase the £200bn already allocated to its current asset purchase scheme. This morning’s disappointing UK PMI Services figure failed to stop the Pound gaining significant ground against the Euro and the... [...]]]>

• Foreign Exchange Rate Currency Outlook : AUD, NZD and ZAR Under Pressure as Eurozone and Australian Retail Sales Figures Cause Alarm

Yesterday’s session saw the release of a number of key pieces of economic data in the world’s major economies. For the most part this data disappointed the markets, causing the recent retraction in appetite for risk to... [...]]]>

• Exchange Rate Outlook Forecast for Majors : GBP EUR USD AUD NZD CAD

Today saw another day of Sterling-negative data releases, with the Nationwide House Price survey and PMI Construction sector figures coming in significantly worse than expected. Tomorrow’s Bank of England Monetary policy decision is unlikely to provide any support for the Pound, with rates remaining at 0.50% and no... [...]]]>

• Foreign Exchange Currency Outlook : GBP EUR Hits 13 Month Low as UK Manufacturing Activity Decreases

The Pound experienced a day of severe losses against the other majors during yesterday’s session, following the release of April’s Purchasing Manager Index data for the UK manufacturing sector.

The PMI figure, a measure of... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

The Pound suffered a torrid day on the markets, losing significant ground against all of the sixteen most actively traded currencies. The losses were attributable to worse-than-anticipated PMI Manufacturing figures which were released earlier today. It seems highly unlikely that there will be a UK interest rate rise until... [...]]]>

• Foreign Exchange Rates : GBP USD Loses Ground on Risk Sentiment and King’s Comments

The major news event over the last 48 hours has been the killing of Osama Bin Laden by US Special Forces. Although stock markets initially made gains yesterday after the announcement of the terrorist leader’s death, this forward move was... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

There was no tier one data of significance released in the UK today, so Sterling pairs were left open to moves in other currencies, with USD weakness seeing GBP USD rally to its highest level since December 2009. UK interest rate expectations remain depressed and yesterday’s growth figure will do little to perk them up.... [...]]]>

• Foreign Exchange Currency Outlook : GBP USD Rate Soars as US GDP Forecast is Downgraded and UK Economy Returns to Growth

The US Dollar suffered severe selling pressure in late trading yesterday as the markets reacted to the contents of Fed Chairman Ben Bernanke’s landmark press conference.

As expected, the FOMC opted to maintain interest rates at their... [...]]]>

• Currency Exchange Rates : Forex Predictions - GBP, USD, EUR, AUD, NZD, CAD

The Pound released a timely boost when this morning’s Q1 GDP figure showed that the UK economy has expanded by 0.5% in the first three months of 2010. The futures market is now pricing in 50 bps of UK rate rises over the next 12 months, which remains less than almost any other developed nation. NEAR-TERM OUTLOOK – NEUTRAL.... [...]]]>

• Foreign Exchange Rates : UK Growth Figure and Bernanke’s Comments Set to Determine GBP USD and GBP EUR Levels

Today’s session sees a packed schedule of risk events in the currency markets. Perhaps the most significant event comes after the European close this afternoon when the Federal Reserve’s FOMC makes its monetary policy announcement.

It... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

Sterling’s slide continued during today’s session following a worse-than-anticipated CBI Business Optimism survey, which was released this morning. Tomorrow’s Q1 GDP Growth figure will be very closely watched with a quarterly growth figure of above 0.5% required to reverse the Pound’s recent bear-run. NEAR-TERM OUTLOOK –... [...]]]>

• Foreign Exchange Outlook : GBP USD and EUR USD Rates Drop on Positive US Housing Data

Although trading volumes were significantly reduced, the currency markets were open for business as usual both on Friday and yesterday and there was price movement for the major currency pairs during both of these sessions .

Perhaps the... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

The Pound enjoyed a rare day of gains almost across the board today, following better than expected Retail Sales figures for March. This morning’s Public sector borrowing figures came in lower than expectations, providing further assistance for Sterling. NEAR-TERM OUTLOOK – NEUTRAL.

US DOLLAR – The Pound Dollar... [...]]]>

• CURRENCY NEWS-FLASH : GBP EUR and GBP USD Rates Gain on UK Retail Sales Figures

The Pound gained some much-needed support in early trading today as UK Retail Sales figures for March showed an unexpected gain of 0.2%. Analysts had expected the numbers to show that UK shop sales shrank by 0.4% last month, following... [...]]]>

• Foreign Exchange Currency Outlook : Pound Dollar GBP USD Rate and Euro Dollar EUR USD Rate Rise to 16 Month Highs on US Oil Inventory Figure

The global economic recovery was given a fillip yesterday when US data, released at the start of the North American session, showed that American crude oil inventories have been depleted by a significant amount during the past month,... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

The Pound has lost significant ground against all of the majors today, with the exception of the US Dollar, during today’s session following the release of the Bank of England MPC Minutes for its April meeting. The Minutes were of a dovish tone, stating that UK economic data over the last month ‘has probably been to the... [...]]]>

• Foreign Exchange Rates - GBP EUR Rate Drops Ahead of BoE Minutes, USD Weakens

Japanese trade data for March, which was released during last night’s Asian session, came out significantly worse than analysts had anticipated.

The figures showed that Japan’s trade balance stands at JPY196.50bn versus expectations of... [...]]]>

• Exchange Rate Outlook Forecast for Majors : GBP EUR USD AUD NZD CAD

Sterling was left to range trade during today’s session in the absence of any significant data releases. It gained some ground against the high-yielders due to a dip in risk sentiment, but for the most part, institutional investors sat on their hands ahead of the BoE April MPC Minutes tomorrow morning. NEAR-TERM OUTLOOK –... [...]]]>

• Foreign Exchange Rates - GBP USD Down as Risk Sentiment Ebbs on Concerns Over US Deficit

Global equities markets have plummeted in the last 24 hours, with the FTSE 100 closing yesterday’s session down by 2.10%, whilst the S&P500 lost 1.10% on the day. Asian equities markets followed suit during last night’s session.... [...]]]>

• Currency Exchange Rates : Forex Predictions - GBP, USD, EUR, AUD, NZD, CAD

The Rightmove House Price Survey for May, which was released late last night, provided some respite for the Pound. The survey showed that UK property prices rose by a monthly amount of almost 2%. There was no other UK tier one data released today, so Sterling’s pronounced move forward against the other majors was caused by... [...]]]>

• Foreign Exchange Rates - Pounds to Dollars, GBP USD Exchange Rate Drops as China Tightens Monetary Policy

Officials from the IMF, ECB and European Commission are meeting in Lisbon later today to agree on the precise terms of Portugal’s €80bn bail-out, which is due to be completed by the middle of next month.

Analysts have predicted that... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

A complete absence of tier one data releases in the UK during today’s session has left Sterling susceptible to drift against the other majors. The unexpected cooling off in price rises, which showed up in Tuesday’s Retail Sales figures, continues to weigh down Sterling. This month’s Rightmove House Price Survey is released... [...]]]>

• Foreign Exchange Rates - Pounds to Euros, Eurozone Sovereign Debt Concerns Take GBP EUR Rate Higher

Any thoughts that the recent agreement by EU Leaders on the terms of a bail-out for Portugal would draw a line under the Eurozone Sovereign Debt crisis were put to one side yesterday, as Greek debt spreads soared.

At one point, the... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

Last night’s Nationwide Consumer Confidence Survey results for March came out significantly better than expected. This, along with yesterday’s better than expected employment figures, has seen the Pound trade higher against the majors today. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.

US DOLLAR – The Pound Dollar... [...]]]>

• Foreign Exchange Rates - Pound to Dollar GBP USD Sterling Euro EUR Picks Up Following UK Employment Figures

Sterling found some support in the markets yesterday, following its sharp downward move after Tuesday’s lower-than-expected CPI inflation figure, with the GBP/EUR rate picking up from a low of 1.1205 at yesterday’s European open to trade... [...]]]>

• Foreign Exchange Rates - Pound to Euro GBP EUR Sterling Dollar USD down over spanish debt concerns

The Pound Dollar Exchange Rate GBP USD is Currently 1.6346

There is little in the way of economic data due for release today. As a result the primary focus today falls upon the 1600 deadline for approval of plans to restructure Spanish debt from their 'caja' small banking... [...]]]>

• Currency Exchange Rates : Forex Predictions - GBP, USD, EUR, AUD, NZD, CAD

The pound has struggled to find much support in trade today, the sell off is however slowing and consolidation can be seen in some pairings as a result of the slightly better than expected unemployment figures released this morning. The UK jobs report was mixed, with an improvement seen in the unemployment rate falling to... [...]]]>

• Exchange Rates - Pound Euro GBP EUR and Dollar USD movement on UK ILO unemployment figures

Today is a busy day for key economic releases, after yesterdays surprising UK CPI figures, markets will now be paying close attention to... [...]]]>

• Foreign Exchange Rates: Currency Predictions for GBP, USD, EUR, AUD, NZD, CAD Today

UK CPI figures in at 4% this morning almost half a percent under the forecasted 4.4%.. The Pound responded dramatically against most of the world’s most actively traded currencies, declining as traders scaled back expectations for a rate hike from the Bank of England to Q3 or Q4 this year. Mervyn King the head of the Bank of... [...]]]>

• Currency Exchange Rates - Pound Sterling Dollar GBP USD down on CPI figures.

The Pound Sterling has plummeted against all the major currencies this... [...]]]>

• Foreign Exchange Rates - Pounds to Euros GBP EUR, interest rate and CPI figures

Today's main focus falls upon the UK's CPI figures due at 0930. Interest rate expectations are a key driver of price action at the moment and any surprises in this mornings CPI figures could send the market reeling. The expectation is... [...]]]>

• Currency Exchange Rates Pound Makes Moderate Gains

The Pound came under selling pressure in trade this morning due to the Independent Commission on Banking holding a cautious outlook for the largest financial institutions in the U.K. The commission has suggested that the largest banks in Britain should increase their capital whilst separating their consumer banking units... [...]]]>

• Currency Exchange Rate - Pound Dollar GBP USD Loses Ground on Worrying Chinese Trade Figure

Chinese trade figures released overnight initially appeared positive, showing an annualised increase in exports of 35.8% against analysts’ expectations of a 23.4% improvement. The 12-month net trade figure also showed that China’s trade... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

Sterling once again failed to make gains against any majors with the exception of the safe haven Yen and Dollar. This morning’s Producer Price Index figure came out higher than expected, printing at its highest level since 2008, increasing calls from economists for a raise in base rate. However, when even positive data... [...]]]>

• Currency Exchange Rates - Pound Euro GBP EUR Trades Down On ECB Interest Rate Hike

The European Central Bank raised its headline lending rate form 1.00% to 1.25% yesterday under a backdrop of continuing Eurozone sovereign debt concerns.

Portugal’s ongoing debt crisis came to a head just a few hours before the rate... [...]]]>

• Exchange Rate Outlook Forecast for Majors : GBP, USD, EUR, AUD, NZD, CAD

As expected, the Bank of England Monetary Policy Committee opted to maintain UK interest rates at their record low level of 0.50%. They also announced today that the current Asset Purchase scheme will be limited to its current level of £200Bn. The announcement had little effect on Sterling, as it had already been factored... [...]]]>

• Foreign Exchange Rates - GBP AUD Rate Drops While EUR Comes Under Pressure

Market focus once again turned to Eurozone sovereign debt concerns overnight, when Portugal became the third European state to approach the European Union for a financial bailout.

Portugal’s stand-in Prime Minister, Jose... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

The Pound has been brought back down to earth with a bang today following yesterday’s positive Service Sector data. This morning’s Manufacturing Production data for February came out significantly worse than expectations, causing significant selling pressure on Sterling. Tomorrow’s Bank of England rate decision is unlikely... [...]]]>

• Foreign Exchange Rates - GBP USD Rate Up Following Federal Reserve Statement

The Federal Reserve voted to maintain US monetary policy at current levels when they met last night. This means that interest rates stay at a record low of 0-0.25% and the current asset purchase scheme remains on track for its June... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

Sterling has had its best day for some time today following some extremely positive Service Sector data this morning. Tomorrow’s NIESR GDP figure will be extremely closely-watched by analysts – if it confirms that the UK economy has returned to growth in Q1 of 2011, then expect further upside for Sterling. NEAR-TERM OUTLOOK... [...]]]>

• Foreign Exchange Rates – GBP EUR Gains on Negative Eurozone Sales Figures

The Euro has come under significant selling pressure in the early part of today’s European session, following the release of February’s whole-of-Eurozone Retail Sales figures. These figures showed that prices unexpected contracted by 0.1%... [...]]]>

• Pound Australian Dollar Report – GBP AUD Rate Drops Following Poor Australian Trade Figures, While US Currency Weakens

Australian Trade Balance figures released overnight provided considerable cause for concern for investors holding Australian Dollar denominated assets. February’s figure shocked the markets by showing a monthly deficit of... [...]]]>

• Exchange Rate Outlook Forecast for Majors : GBP, EUR, USD, AUD, NZD, CAD

A thin day for UK data saw the Pound enjoy gains almost across the board. This morning’ s PMI construction data came out better than anticipated, fuelling fears that rising UK price rises may gain their own momentum, forcing the Bank of England to take action. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.

EURO – The Pound... [...]]]>

• Pound Euro Exchange Rates - GBP/EUR Trades Up as Eurozone Inflation Data is Downgraded. AUD Stays Strong.

This morning’s Eurozone inflation figure caused some downward pressure on the Euro. February’s Eurozone Producer Price Index came out at 0.8%, as expected. However, at the same time, it was announced that January’s PPI figure was to be... [...]]]>

• Foreign Exchange Rates - GBP/USD Rate Drops Off Following US Labour Market Data

US Labour Market figures released during the last session of last week continue to affect levels in the currency markets as this week’s session begins.

Friday’s Non-Farm Payroll data in the States came out significantly better than analysts... [...]]]>

• CURRENCY NEWS Foreign Exchange Predictions - GBP USD EUR AUD NZD CAD

This morning’s Purchasing Manager’s Index figure for March heaped further pressure on the already-beleaguered Pound when it came in significantly worse than February’s equivalent number and much lower than analysts had expected. In the absence of any further risk events, the Pound was left to range-trade ahead of next... [...]]]>

• Morning Foreign Exchange Report : Euro Rides High on Interest Rate Expectations, EUR/USD Rate Dependent on Non-Farms

The results of the Irish Central Bank’s Stress Test on four leading Irish retail banks were released yesterday. The findings showed that one fully-nationalised bank, the Anglo Irish, has incurred losses of €18bn, which equates to over 30%... [...]]]>

• Foreign Currency Predictions : GBP, USD, EUR, AUD, NZD, CAD

This morning’s Nationwide House Price Survey for March showed an unexpected monthly rise, providing Sterling with a short-term fillip. However the Pound lost ground later in the session when MPC member David Miles commented that spreads between the UK Central Bank lending rate and mortgage rates were limiting the MPC’s... [...]]]>

• Morning Foreign Exchange Report - Euro Rally Threatened by Irish Banking Stress Test as GBP/EUR Rate Stays Low

Yesterday’s session saw a rare piece of positive data for the Pound, with the release of better-than-anticipated Services Sector data by the UK Office of National Statistics. The figure showed that the key services sector grew by 1.3%... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

The Pound held its ground on the day following some slightly better-than-expected Retail Sales figures from the CBI. With little other data of note until the release of tonight’s GFK Consumer Confidence Survey, the Pound has been open to range trading. It remains perilously close to a 5 month low against the Euro. A close... [...]]]>

• Morning Foreign Exchange Market Report : GBP/EUR Rate Drops to 5 Month Low In Spite of Eurozone Debt Worries, While the US Currency Makes Gains and the AUD Powers Forward

There were significant moves in the currency markets during yesterday’s session as market participants reacted to a heavy schedule of data releases. The most significant of these... [...]]]>

• End of Day Exchange Rate Outlook Forecast For Major Currencies : GBP, USD, EUR, AUD, NZD, CAD

Today’s UK economic data releases provided some much-needed good news for the Pound. The finalised quarterly GDP figure for Q4 was improved upwards to -0.5%, while February Mortgage Approvals were higher than had been expected. However, even with this data Sterling struggled against the other majors. NEAR-TERM OUTLOOK –... [...]]]>

• Foreign Exchange Rates – EUR/USD Threatens Near-Term High as US Currency Weakens on Improved Economic Data

Yesterday afternoon’s UD economic data releases showed some encouraging signs for the recovery in the States. Consumer spending figures for last month came out at 0.7%, better than the expected level of 0.5%. However, some commentators... [...]]]>

• Exchange Rate Outlook Forecast for Majors : GBP, EUR, USD, AUD, NZD, CHF

Interest rate expectations continue to dog the Pound, with MPC member Adam Posen predicting today that the UK government’s austerity measures will have a ‘meaningful’ cooling effect on price rises. Another MPC member, Andrew Sentance, also spoke today, re-iterating his strongly-hawkish stance on rates. However, Sentance’s... [...]]]>

• Morning Foreign Currency Exchange Outlook - EUR/USD Rate Heads Lower as Market Remains Unconvinced by Eurozone Bail-Out Proposals and US Dollar Picks Up

The major development in currency markets on Friday was the agreement reached by the 17 EU Leaders in Brussels regarding the future Eurozone sovereign debt policy. At first glance, the accord appeared to be Euro-positive, with the European... [...]]]>

• Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

With no tier one data releases in the UK, the Pound traded in a tight range against all of the 16 most traded currencies, with the exception of the high-yielders, which continued to trend stronger against Sterling. The Pound continues to be weighed down by dovish interest rate expectations and the threat of a credit... [...]]]>

• Foreign Exchange Rates - GBP/EUR Rate Plummets on Relative Interest Rate Expectations and Rumours of a UK Debt Downgrade

The Euro experienced an unusual trading session on the day yesterday. With a slew of apparently negative data and information emerging regarding the single economic area, the Euro should have been showing red across the board. However, the... [...]]]>

• End of Day Foreign Currency Market Predictions : GBP EUR USD AUD NZD CAD

The Pound endured a shocking day on the markets, trading in the red across the board. The session began badly for Sterling with February’s Retail Sales figures coming out considerably worse than expected at -0.8%. Meanwhile, North Sea Oil Producers have warned that the windfall tax on their industry, announced in... [...]]]>

• Morning Foreign Currency Market Outlook - GBP/EUR Exchange Rate Edges Higher as the Euro Comes Under Pressure Ahead of EU Sovereign Debt Summit

Concerns over widespread Eurozone sovereign debt problems are dominating currency market movements this morning, following the resignation of Portuguese Prime Minister Jose Socrates late last night.

Socrates stepped down after all five... [...]]]>

• Today’s Latest Exchange Rate Predictions - GBP, USD, EUR, AUD, NZD, CAD

The highlight of today’s UK Budget Statement turned out to be a low light, when Chancellor George Osborne announced that government forecasts for 2011 GDP growth was down-graded form 2.1% to 1.7%. The Pound lost ground this morning when the latest Bank of England MPC Minutes revealed that only three of the nine man committee... [...]]]>

• Morning Currency Exchange Market Update - GBP/EUR Rate Improves on UK Inflation Figure and Continuing Eurozone Sovereign Debt Fears While USD Suffers

The Euro has performed strongly against the other majors in recent sessions, with the EUR/USD rate rising to within half a cent of a 14-month high.

The single European currency has been buoyed by the decision of EU member... [...]]]>

• Latest Exchange Rate Predictions Today - GBP, USD, EUR, AUD, NZD, CAD

This morning’s UK CPI inflation figures came in ahead of expectations at 4.4%, increasing speculation of a rate hike by the Bank of England sooner rather than later. The Public Sector Net Borrowing Requirement figure for February showed at a much bigger number than had been expected, meaning that there will be little room... [...]]]>

• Pound Euro Exchange Rates – Sterling Improves on CPI Inflation Figure, but Gains in GBP/EUR are Tempered by Worrying UK Public Sector Borrowing Numbers

The Pound has gained some ground against the other majors due to this morning’s Consumer Price Inflation figure for February, which showed that UK prices are rising by an annualised 4.4%. Analysts had expected the figure to come out at 4.2%, so this release will be likely to cause an upward revision... [...]]]>

• Morning Foreign Exchange Report : GBP/USD and EUR/USD Rates Approach Multi-Month Highs as US Currency Suffers on Improving Risk Sentiment

An air of normality returned to the currency markets yesterday following the dramatic events of recent days. Air Strikes on Tripoli continued again overnight, but investors do not appear to be perturbed by these; in fact the key... [...]]]>

• Exchange Rate Outlook Forecast For Major Currencies – GBP, USD, EUR, AUD, NZD, CAD

The Pound has picked up ground against all of the majors other than the high-yielders and the oil-driven currencies during today’s session. The Bank of England’s Chief Economist and MPC member Spencer Dale made bullish comments regarding the UK real economy’s prospects of recovery for the remainder of the year. Tomorrow’s... [...]]]>

• Pound Dollar Exchange Rates – GBP/USD Trades Higher As Improvement in Risk Sentiment Sees AUD and NZD Strengthen

Leading risk indictors in the market are pointing to an pick up in global appetite for risk as the Japanese nuclear crisis is brought under control. The market seems relatively unperturbed by air strikes in Libya, with stock markets... [...]]]>

• Morning Foreign Currency Market Outlook : EUR/USD Drags the GBP/USD Rate Higher as Market Reacts to Libyan Air Strikes

Global geo-political events continue to dominate the world’s currency markets. Allied forces launched a series of air strikes on Libya over the weekend in an attempt to enforce the UN-mandated ’no fly zone’ over the troubled Arab state.... [...]]]>

• Exchange Rate Outlook Forecast For Major Currencies – GBP, USD, EUR, AUD, NZD, CAD

The Nationwide Consumer Confidence survey for February, which was released overnight in the UK, came in far worse than expected, with negative respondents heavily outweighing positives. This caused the Pound to traded slightly weaker against most majors ahead of next week’s key Bank of England minutes. Comments by BoE Deputy... [...]]]>

• Morning Foreign Exchange Report : G7 Group of Nations Intervene in Currency Markets, Causing GBP/JPY Exchange Rate Rise, While USD, AUD, NZD Make Major Gains

The G7 group of nations caused turmoil in global currency markets when it announced overnight that it would, "join Japan, on March 18, 2011, in concerted intervention in exchange markets".

The G7, which... [...]]]>

• Exchange Rate Outlook Forecast For Major Currencies : GBP USD EUR JPY AUD NZD CAD

In the absence of any tier one data releases in the UK today, the Pound was susceptible to technical trading as several of the other majors made significant moves. Sterling remains subdued as the futures markets predict that a rate hike is a long way off. Tomorrow’s consumer confidence survey and public sector borrowing... [...]]]>

• Foreign Exchange Rates – GBP/NZD, GBP/AUD Rally as Stock Markets Drop, While USD Weakens

The threat of widespread nuclear contamination in Japan continues to cast a pall over global currency markets as rumours and news cause dramatic lurches in the value of major currencies.

These moves are being... [...]]]>

• Exchange Rate Outlook Forecast for Major Currencies : GBP USD EUR AUD NZD CAD

This morning’s labour market figures showed that UK unemployment is at its highest level since 1984. However, UK unemployment claims fell by over 10,000 in February, offering some hope. A report released by the OECD this afternoon predicted that the UK economic recovery will be ‘subdued’ for the next two years. NEAR-TREM... [...]]]>

• Pound Euro Exchange Rates – GBP/EUR Recovers Lost Ground While USD and AUD Trade on the Level

The Pound suffered a blow this morning, with the release of employment data for January by the Office of National Statistics. The numbers showed that UK unemployment now stands at 2.53 million, its highest level since 1984. With swingeing cuts to UK... [...]]]>

• Morning Currency Market Outlook : GBP/USD and GBP/JPY Rates Rise as Global Quantitative Easing Schemes Bolster Share Markets

Exchange Rate Outlook for Majors : GBP, USD, EUR, AUD, CAD, NZD

Poor housing sector has hurt the Pound today, with government figures showing that UK house prices suffered a considerable monthly drop in January. Sterling is threatening to drop down through significant market supports against the Euro and the US Dollar. Better-than-anticipated employment data tomorrow is required to stop... [...]]]>

• Pound Euro Exchange Rates – GBP/USD Breaks Down Through 1.6000 While Euro Enjoys Support as do AUD, NZD, ZAR

European stock markets have followed Asian markets’ lead and have plummeted during today’s session. The losses are attributable to fears that a rapid contraction in Japanese growth, following last week’s devastating earthquake, will affect the... [...]]]>

• Foreign Exchange Rates – EUR/USD Nosedives While GBP Edges Downwards as Currency Markets React to Japanese Disaster

News emanating from Japan continues to dominate the currency markets, with fear spreading that nuclear radiation may contaminate the North Eastern part of mainland Japan following an explosion at a third reactor in Fukushima.

Elsewhere,... [...]]]>

• Japan Crisis Update : Fear of Nuclear Meltdown Causes Flight to Safety in Currency Markets - USD CHF JPY Gain, While AUD NZD ZAR Rates Plummet

Fears of a full-scale nuclear meltdown in Japan are growing following an overnight blast at a third reactor at the stricken Fukushima power plant. Japan’s Chief Cabinet Secretary, Yukio Edano, has commented in recent hours that, "now we are talking about (radiation) levels that... [...]]]>

• End of Day Outlook - Prediction for Major Currencies : GBP USD EUR AUD NZD CAD

The Pound has traded on the level against most of the majors today. Tomorrow’s consumer confidence survey and Wednesday’s unemployment figures may offer renewed direction, in the meantime, the levels on Sterling-based pairs are likely to be determined by events elsewhere. NEAR-TERM OUTLOOK NEUTRAL.

US DOLLAR – The Pound... [...]]]>

• Pound Dollar Exchange Rates - GBP/USD Moves Higher While EUR Makes Gains and AUD Loses Ground

Japanese authorities have warned of a possible meltdown after a second explosion since Saturday at the Fukushima nuclear power plant. The fuel supply to a cooling pump in one of the plant’s reactors ran out a short time ago, causing fuel... [...]]]>

• Foreign Exchange Rates – EUR/USD Rallies on Eurozone Debt Agreement While GBP/EUR Drops to Four Month Low

European leaders and their officials worked into the early hours of Saturday morning in order to hammer out an agreement on how the Eurozone will deal with its ongoing sovereign debt problems.

The likelihood of a deal being reached... [...]]]>

• Pound Japanese Yen : GBP/JPY Rate Rises in Aftermath of Tsunami as Bank of Japan Announces Massive Injection of Liquidity

Japan continues to suffer the devastating effects of last Friday’s massive earthquake and subsequent Tsunami. The earthquake was the sixth most powerful ever recorded and along with the tidal waves which followed, has cost tens of thousands of lives and destroyed thousands of homes and... [...]]]>

• Exchange Rate Outlook Forecast for Majors : GBP USD EUR JPY AUD NZD

The Pound has come under concerted selling pressure in today’s session. Factory Gate Price data showed that producers’ exposure to inflation is at its greatest for 28 months. This increase is largely attributable to rising global commodities prices, so is unlikely to force the BoE into a tightening of monetary policy any... [...]]]>

• Pound Euro Exchange Rates - GBP/USD Tumbles While EUR and AUD Hold Steady

Sterling has lost a massive amount of ground against the US Dollar over the last two trading sessions. Having traded at close to 1.6200 during yesterday’s European morning session, GBP/USD has now done a significant amount of work below... [...]]]>

• Foreign Exchange Rates - EUR/USD on the Slide While GBP Suffers Following BoE Rate Decision

A huge earthquake of 8.9 magnitude has struck the North-Eastern part of Japan in the last few hours. The quake has led to fires in Japan’s capital city and caused a huge Tsunami, which the Red Cross warns is larger than several Pacific Islands. A... [...]]]>

• Pound Swiss Franc. GBP/CHF Rate Falls as Global Risk Appetite Plummets

The second half of this week has seen a major dip in global risk sentiment as a combination of events across the globe caused concern for investors. Political unrest in Libya looks to be escalating into civil war, with Gaddafi’s forces launching an air strike on a rebel-held oil... [...]]]>

• Exchange Rate Outlook Forecast for Majors : GBP USD EUR JPY AUD NZD

The Pound has suffered a poor day on the markets. The BoE chose to maintain rates at 0.50% earlier today, causing selling pressure on Sterling as futures markets had factored in a minority chance of a rate rise. Positive manufacturing data was unable to prop up the Pound. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.

US... [...]]]>

• Pound Euro Exchange Rates – GBP/EUR Trades Up While EUR and AUD Lose Ground

The Bank of England Monetary Policy Committee voted to maintain interest rates at their current record low level of 0.50% earlier today, in line with analysts’ expectations.

The announcement had little effect on relative levels of the... [...]]]>

• Foreign Exchange Rates – EUR/USD Rejects 1.4000 as Global Stocks Drop, While GBP Trades on the Level

Economic data released in China overnight has caused significant concerns in the market. The figures showed that Chinese exports grew by only 2.4% in February against expectations of 27.1% growth. Meanwhile, imports in China were also... [...]]]>

• Pound Norwegian Krone : GBP/NOK Rate Struggles to Break Market Support as Norwegian Policy Makers Continue with Dovish Rhetoric

With oil prices remaining close to their near-term highs and gaining on the day today, you might expect the Norwegian Krone to have made strident gains in the currency markets. Although the Krone has performed well against Sterling since the Arab crisis broke, the GBP/NOK rate has failed... [...]]]>

• Latest Exchange Rate Predictions Today - GBP, USD, EUR, AED, SGD, JPY

UK trade figures released earlier today outstripped analysts’ expectations, providing a much needed fillip for the Pound. Tomorrow’s Band of England interest rate decision is key. Futures markets have factored in a 15% chance of a rate rise, so if the BoE maintain rates at 0.5%, some downside for is to be expected for... [...]]]>

• Pounds to US Dollars – GBP/USD Recovers From Yesterday’s Losses While GBP/EUR Also Edges Upwards

Asian equities markets made further gains overnight, building on their forward move of the first part of the week. This move signals a pick up in global risk sentiment, which is re-enforced by oil prices which are now in a marked downtrend... [...]]]>

• Exchange Rates : Pounds to Euros - GBP/EUR Steady While EUR and AUD Lose Support

Yesterday morning’s downgrading of Greece’s debt rating by leading ratings agency Moody’s failed to cause the haemorrhaging of support for the Euro that many analysts had expected.

There are two main reasons behind the Euro‘s... [...]]]>

• Pounds to Swiss Francs : GBP/CHF Rate Recovers as Institutional Investors Transfer Funds out of the Franc

Oil prices moved sharply downwards during yesterday’s European session as OPEC members openly commented on the possibility of an emergency meeting in order to discuss an increase in world oil supplies. Oil prices suffered further downside when the Saudi Arabia oil minister stated that,... [...]]]>

• Exchange Rate Predictions - GBP, USD, EUR, NZD, CHF, HKD

Poor retails sales figures released overnight caused some downside for Sterling in early trading, but the Pound recovered to trade on the level against the majority of the majors today. Many investors are delaying trades until after Thursday’s BoE Interest Rate decision. The futures markets are pricing in a 15-50% chance of... [...]]]>

• Pounds To Euros - GBP/EUR Trades Higher While USD Holds its Ground

In recent weeks, the Euro has made gains against both Sterling and the US Dollar, thanks to persistently hawkish comments from European Central Bank President Jean Claude Trichet and other members of the ECB governing council. These comments... [...]]]>

• The Pound Dollar exchange rate (GBP/USD) is 1.6177. The Pound Euro exchange rate (GBP/EUR) is 1.1619.

Chinese policy-makers have spoken in the last 48 hours about the key role that controlling inflation will play in insuring that social order is maintained in China. Spiralling prices in the world’s second largest economy threaten reduce... [...]]]>

• Pound New Zealand Dollar. GBP/NZD Rate Drops Ahead of Reserve Bank of New Zealand Interest Rate Decision

The clear-up operation is well underway in Christchurch, New Zealand following last month’s devastating earthquake and whilst the total cost will probably never be known, estimates are that when all externalities have been factored in, the New Zealand economy will have lost... [...]]]>

• Exchange Rate Predictions - GBP USD EUR CAD TRY NZD

The Pound has continued to suffer following last week’s negative housing sector and service sector data. Futures markets are pricing in a 17% chance of a rate rise at Thursday’s BoE rate announcement. The likely outcome is a maintenance of rates at their record 0.5% low. With BoE Governor Mervyn King expected to issue... [...]]]>

• Pound Dollar Rate - GBP/USD tests Higher as Dollar Loses Support, Euro Gains

Last week’s better-than-anticipated US labour market data provided more evidence that the US economy is strengthening. The figures showed that almost 200,000 new positions were created in the non-farm sector last month. The figures also contained... [...]]]>

• Foreign Exchange Rates – GBP/EUR Edges Downwards as USD Remains Weak

In a significant development this morning, leading ratings agency Moody’s has downgraded Greek sovereign debt from B1 to Ba1. In an accompanying commentary, Moody’s alluded to the massive effort which will be needed by Greece to overcome its national debt crisis. Moody’s also expressed... [...]]]>

• Foreign Exchange Rates - GBP/CAD Rate Drops as Canadian Dollar Gains From Spike in Oil Price

The price of a barrel of Brent Crude Oil is once again edging towards $120 as the political situation in Libya looks to be descending into civil war.

US policy makers have stated that they are considering releasing a significant tranche of their emergency oil... [...]]]>

• Exchange Rate Predictions – GBP, USD, EUR, AUD, ZAR, SGD

Sterling has suffered heavy selling pressure over the last 24 hours following yesterday’s worse-than-anticipated PMI Services Sector figure. This morning’s Halifax House Price survey for February showed a monthly contraction in the UK housing market. Meanwhile, Sterling loses ground to the Euro on relative interest rate... [...]]]>

• Pound Dollar Rate – GBP/USD Trades Down While EUR Breaks 1.40 Against USD

Pound Australian Dollar Report : GBP/AUD Rate Refuses to Dip as Aussie Suffers Interest Rate Concerns

However, the Pound Australian Dollar exchange rate (GBP/AUD) is 1 GBP = 1.6035 AUD, only marginally better than the 1.61... [...]]]>

• Foreign Exchange Rates - GBP/EUR Down While USD Remains Under Pressure

GBP/EUR started yesterday’s European session trading just above 1.1790 and had touched 1.1649 before the end of the North American session. It is currently holding marginally below the key 1.1650 level. The next support level... [...]]]>

• Exchange Rate Predictions - GBP, EUR, USD, JPY, NOK, INR

The Pound opened the day on the back foot with the release of worse-than-expected Service Sector results. It struggled to recover throughout the session and in the absence of any further data for the remainder of the week, is likely to continue to trend downwards. Next week’s bank of England Interest Rate announcement is... [...]]]>

• USD/JPY Currency Update : Dollar Yen Rate Set to Improve as Investors Transfer Funds Out of JPY

The Yen reached a multi-year high against the USD at the end of... [...]]]>

• GBP/USD Exchange Rates : Pound Dollar Rate Drops as PMI Figure Causes Selling Pressure on Pound Sterling

Morning Foreign Currency Insight : Outlook For GBP/EUR is Negative as EUR Expected to Gain on Trichet’s Comments

The centrepiece release for today comes at 1245hrs GMT when the European Central Bank announces its interest rate decision for March. Analysts are expecting the key lending rate... [...]]]>

• Exchange Rate Predictions - GBP, EUR, USD, CHF, AED, HKD

The Pound lost some ground in yesterday’s session due to dovish comments from Mervyn King. This morning’s PMI Construction sector figure came out significantly better than expected in February, helping to fuel speculation that the real economy in the UK is waking from its slumber. However, the chances of a rate hike in the... [...]]]>

• Foreign Exchange Insight : Outlook For Swiss Franc is Bright as GBP/CHF Rate Improves and USD/CHF Rate Drops

Continued unrest has seen a return of risk aversion to the markets with the... [...]]]>

• Foreign Exchange Rates : GBP/USD Rate Pulls Back as Stock Markets Fall

Fears persist in global markets that... [...]]]>

• Exchange Rate Predictions - GBP, EUR, USD, CAD, NZD, JPY

The Pound has traded under the radar against the other majors today as the main price action in the markets affected other currencies. Yesterday’s session was massively positive across the board for the Pound, with commentators speculating that the gains were due to institutional investors adjusting their positions for the... [...]]]>

• Foreign Exchange Insight : USD/CAD Rate Hits 40 Month Low as Outlook for Canada Improves

Foreign Exchange Rates : GBP/USD Breaks to 12-Month High

Foreign Exchange Rates : Currency Predictions - GBP, EUR, USD, TRY, ZAR, AUD

The Pound has enjoyed a positive day, possibly due to a technical bounce following Friday’s negative performance. Sterling lost ground after the downward revision to the quarter 4 UK GDP figure on Friday as analysts revised their UK interest rate expectations downwards. Bank of England Governor Mervyn King speaks tomorrow,... [...]]]>

• Foreign Exchange Rates : GBP/USD Rate Trades Higher

Events in Libya look to be moving towards a conclusion, with anti-government forces gaining control of increasing swathes of the country and the international community calling for Colonel... [...]]]>

• Morning Foreign Exchange Report : Oil Prices Edge Lower and Appetite for Risk Strenthens

Foreign Exchange Rates : Currency Predictions - GBP, EUR, USD, NOK, SGD, CHF

The Pound took a hammering in the markets today as the Q4 GDP Figure was revised downwards from an initial estimate of -0.5% to -0.6%. Analysts had expected the figure to show an improvement following hints in the Bank of England MPC Minutes for February’s MPC meeting. Futures markets have downwardly revised UK interest... [...]]]>

• Currency Report : Norwegian Krone Gains as Oil Rallies

Recent global events have benefitted the Krone, with oil prices spiralling to a 30-month high on the wholesale market this... [...]]]>

• Morning Foreign Exchange Bulletin : Sterling Exchange Rate Drops on Worrying CBI Figure

Foreign Exchange Rates : Currency Predictions - GBP, EUR, USD, HKD, CAD, INR

The Pound has suffered a poor day on the Foreign Currency markets as analysts digested the minutes of this month’s Bank of England Policy meeting, released yesterday. Three of the nine-man committee voted for a rate hike, meaning that two other members will have to join them next month to precipitate a rise. The minutes... [...]]]>

• Currency Report : Hong Kong Dollar Rate Slips as Share Market Tumbles

Much of the... [...]]]>

• Morning Foreign Exchange Report : Stock Markets Continue to Fall, but US Dollar Weakens

Foreign Exchange Rates: Currency Predictions - GBP, EUR, USD, NOK, TRY, AED

Minutes of the Bank of England’s February meeting, released earlier today, revealed that three of the nine member committee voted for a hike in the central bank rate of interest. The minutes also suggested that the six members who voted to maintain rates at their current record low of 0.5% might reconsider their decision if... [...]]]>

• Currency Report : Bank of England Minutes See Sterling Exchange Rate Hold Steady

Morning Foreign Exchange Report : Oil Price Rally Continues to Affect Currency Rates

Foreign Exchange Rates: Currency Predictions - GBP, EUR, USD, NZD, JPY, ZAR

The Pound continues to trade sideways against other majors as investors wait for tomorrow’s Bank of England Minutes of the February MPC meeting to be released. If the minutes show that only two MPC members voted for a rate hike at the last meeting, the Pound may lose ground. If four members favoured a tightening of monetary... [...]]]>

• Currency Report : New Zealand Dollar Exchange Rate Drops as Earthquake Strikes

Morning Foreign Exchange Report : Arab Uprising Causes Appetite for Risk to Plummet

Exchange Rate Predictions - USD, EUR, GBP, AUD, JPY, CHF

Analysts are closely monitoring the situation in Libya and the Middle East for pointers on future moves in risk sentiment. At this time, safe haven support for the Dollar has been limited with the greenback making limited gains against the Pound and the Euro during today’s European session. Crude oil continues to edge higher,... [...]]]>

• Australian Dollar Rate Could Drop as China Tightens its Monetary Policy

The... [...]]]>

• Morning Foreign Exchange Report : Interest Rate Expectations Continue to Subdue the US Dollar

Exchange Rate Predictions - USD, EUR, GBP, NZD, CAD, INR

The Dollar lost ground across the board during today’s session as the S&P500 rallied to its highest level since June 2008. However, this bull-run may stall following news that China has taken steps to further tighten monetary policy by upping its Reserve Requirement Ratio by 50 basis points to 19.50%. This means that Chinese... [...]]]>

• NZD/USD Rate Picks up as Risk Sentiment Wanes

Morning Foreign Exchange Report : Arab Unrest Could Cause Oil Price Rally

Foreign Currency Rate Predictions - USD, EUR, GBP, HKD, NOK, SGD

The Federal Reserve’s dovish stance on inflation continues to suppress the Dollar. Today’s CPI inflation figure came out in line with expectations, whilst the Philadelphia Fed Sentiment Survey was significantly better than anticipated. Improved sentiment tends to weaken the Dollar, ceteris paribus. NEAR-TERM OUTLOOK – NEUTRAL TO... [...]]]>

• Exchange Rates : Pound HK Dollar Rate Drops as China Alters Policy

Morning Foreign Exchange Report : Pound Sterling Rate Falls on Employment Fears

Foreign Currency Rate Predictions - USD, EUR, GBP, TRY, ZAR, JPY

The tone of the latest FOMC Minutes, due for release at 1900hrs GMT today, is unlikely to deviate from the dovish line that the Fed has peddled in recent times. Producer price index figures were significantly higher than expectations, however this has failed to cause the Dollar to strengthen as market participants’ US interest... [...]]]>

• Dollar Swiss Franc Rate Improves Over Fears of Swiss Government Intervention

Today’s Currency Insight - Pound Rallies on Interest Rate Expectations

Foreign Currency Rate Predictions - EUR, GBP, USD, AUD, JPY, ZAR

The Euro has suffered a turbulent day, finishing the European session over 0.5% down against the Pound. Weaker than expected growth figures from Germany, France and the whole of the Eurozone caused fears of a downturn in the real economy. NEAR-TERM OUTLOOK – NEGATIVE.

STERLING

The Pound made gains across the board in Tuesday... [...]]]>

• Euro Currency Insight - Pound Euro Rate Gains on Disappointing European Growth Numbers

Today’s Currency Insight - Volatility Expected for Pound Dollar Rate as Heavy Data Schedule Dominates

Two closely watched market indictors have been announced already, during the Asian trading session, in the form of the Australian RBA’s Minutes of its last policy meeting and the Japanese Central Bank’s... [...]]]>

• Foreign Currency Rate Predictions - USD, EUR, GBP, NZD, CAD, CHF

The Dollar made significant gains against the Euro in today’s trading session, gaining over half a percent on the day. Policy-makers in the US have remained dovish on a near-term rate hike, tomorrow’s retail sales figure and Wednesday’s inflation figure could alter this. NEAR-TERM OUTLOOK – NEUTRAL TO... [...]]]>

• Foreign Currency Prediction - Pound Canadian Dollar Rate Could Deteriorate

Today’s Currency Exchange Predictions - Dollar Trends Weaker as Appetite for Risk Picks Up

World Foreign Currency Predictions - USD, EUR, GBP, AED, TRY, INR, HKD

Risk sentiment in the markets has dropped off significantly in the latter part of the week, following down movements in world stock markets. Equities have suffered another negative day today with the Dow Jones currently trading down by a third of a per cent. However, caution is advisable as the Dollar has made significant gains... [...]]]>

• AED Currency Prediction - Dirham Rallis as Risk Aversion Dominates Markets

The Dirham has made significant gains against the majors in the second half of this week, trading down to 5.86 against the Pound. This appreciation... [...]]]>

• Today’s Currency Exchange Predictions - US Dollar Strengthening on Risk Aversion

Hong Kong Dollar Prediction - Equities Tumble in Hong Kong to Hurt Local Currency

Speculation abounds in Asia that the Chinese rate hike will... [...]]]>

• Turkish Lira Currency Prediction - Lira Weighed Down by Interest Rate Predictions

Singapore Dollar Foreign Currency Prediction - Singapore Government Wants Stronger Currency

Indian Rupee Market Report - Rupee Suffers Losses as Risk Sentiment Ebbs

Today’s Currency Exchange Prediction - Risk Sentiment Worsens

Foreign Currency Predictions - USD, EUR, GBP, JPY, NOK, AUD, NZD, CAD, ZAR, CHF

Crude oil resumed its rally today following a downward blip yesterday on the back of a hike in Chinese interest rates. The US equities rally looks to have stalled today and little hope of an increase to interest rates. SHORT-TERM OUTLOOK – Neutral.

EURO

The ECB looks to be reaching a consensus on a bail-out fund to tackle... [...]]]>

• Norwegian Krone Update - Oil Price Wobble Hits Krone

Euro Update - Debt Issues Remain for Single Currency

Daily Foreign Currency Exchange Rate Forecast - Sterling Remains Under Pressure

South African Rand Bucks Recent Downtrend

Norwegian Krone Suffers as Crude Oil Drops

Chinese Rate Hike Hurts the Canadian Dollar

The People’s Bank of China announced that its headline 12 month lending rate will increase to 6.06 percent from 5.81 percent, as of tomorrow. The one-year deposit rate is... [...]]]>

• Kiwi Dollar Gains as Risk Sentiment Spikes

This forward move for Asian stock markets was largely driven by last night’s better-than-anticipated Japanese Trade figures.... [...]]]>

• US Dollar is Weighed Down by Improved Risk Sentiment

Upturn in Risk Appetite Hurts US Dollar

The improvement in risk sentiment... [...]]]>

• Australian Dollar Claws Back Losses

Friday’s U.S. Non-Farm Payroll figures had a significant effect on the Australian Dollar’s as traders adjusted their US Treasury Bill positions to take account of seemingly soft US... [...]]]>

• Swiss Franc Rally Runs Out of Steam

Positive Trade Figure Boosts Yen

Although there has been some profit-taking since... [...]]]>

• Sterling Supported by Upbeat Figures

German Data Weighs Down Euro