Pound/Euro hits 18 month high after UK Retail Sales

Sterling continued its upward march yesterday against both the Euro and USD following the release of the UKs retail sales figures for April which were forecasted to show growth of 0.4% but came out well above the estimate showing an increase of 1.3%. GBP/USD hit a high of 1.6920 before dropping back below 1.69 and … Read more Pound/Euro hits 18 month high after UK Retail Sales

Sterling/Euro & Sterling/Dollar forecast May 2014

It was a quiet day in terms of economic data releases yesterday and this was reflected in the currency markets with the pound remaining relatively range bound against most of its major counterparts. GBP/EUR stayed within a 20 pip range, hitting a high of €1.2277, while GBP/USD remained within 40 pips of the opening price, … Read more Sterling/Euro & Sterling/Dollar forecast May 2014