GBP/EUR – Will GBP continue to put pressure on the key 1.2500 level against the Euro?

The Rain in Spain falls mainly on the Euro. Spare a thought for the Spanish football team, widely predicted to at least make it to the World Cup finals, they spectacularly crashed out on Wednesday night. Unexpected things happen in football and this is also the case for the currency markets. We have witnessed Sterling … Read more GBP/EUR – Will GBP continue to put pressure on the key 1.2500 level against the Euro?

Sterling Strengthens after interest rate rise hints

Over the last twenty four hours we have seen Sterling gain ground against a basket of major currencies and the Canadian Dollar was no exception. In today’s report we will look at what caused this movement and what it means for your currency purchase. Mark Carney hints at interest rate rise Last night the Governor of … Read more Sterling Strengthens after interest rate rise hints

Pound/Euro forecast – Pound surges on Interest Rate speculation

The UK has been basking in glorious sunshine this week, and the sun has also been shining on the Pound, with further indications the UK economy is going from strength to strength, and hints that interest rates may rise this year. Early yesterday the Pound rose a little further against the single currency following some … Read more Pound/Euro forecast – Pound surges on Interest Rate speculation

GBPCHF spikes but fails to close above key level

The graph below shows the excahge rate movement of GBPCHF over the last 7 days. Pound Swiss Franc has remained rangebound recently but recent key data releases have resulted in spikes. As explained in last week’s blog post, GBPCHF has been range bound for some time between 1.4950 and 1.5050. I expressed caution regarding the … Read more GBPCHF spikes but fails to close above key level

Pound/Euro hits 18 month high

Following last Thursday’s announcement from the ECB’s monthly meeting on the decision to cut interest rates in Europe we have, yet again, seen sterling hit an 18 month high against the euro. Yesterday there were a number of data releases from the UK; at 8:30GMT readings, of both, Industrial Production and Manufacturing Production were issued. … Read more Pound/Euro hits 18 month high

Pound takes pole position in yesterday’s currency race

GBP/EUR & GBP/USD Forecast: Best Exchange Rates Yesterday sterling continued to move forward again against its major counterparts after more positive data out of the UK economy.  Services PMI data came in better than analysts’ forecast, printing at 58.6 against estimates of 58.3. This saw GBP/EUR resistance at 1.23.  This time, however, the pound was … Read more Pound takes pole position in yesterday’s currency race

GBP/AUD Falls as Sterling Weakens

Sterling Struggles amid Housing Market Concerns The pound struggled on Wednesday as concerns over the UK housing market led investors to sell sterling across the board, weakening it against most of its major counterparts. Weak mortgage approvals and worse than expected retail sales figures also knocked the pound, with investors selling sterling to take profits … Read more GBP/AUD Falls as Sterling Weakens

Weak Aussie Pushes GBP/AUD up Towards 1.83

GBP/AUD Rises After Better UK Data The Australian dollar had slumped to three-week lows on Thursday morning with the currency struggling after the Westpac consumer confidence index was released, showing a 6.8% decline in May, having increased 0.3% the previous month. The GBP/AUD rate has also been forced upwards by better than expected retail sales … Read more Weak Aussie Pushes GBP/AUD up Towards 1.83

GBP/CHF Touches 1.51

Sterling Strengthens After Retail Sales Data   GBP/CHF rates touched the 1.51 mark on Wednesday after better retail sales data from the UK pushed the pound up to fresh highs against the franc, euro and other major currencies. Sterling has been on a strong run of late as better economic data suggests the UK economy … Read more GBP/CHF Touches 1.51

GBP/CHF Pushes 1.50 After ECB Announcement

Franc Weakens with Euro After Draghi Speech The Swiss franc has weakened somewhat over the last few days as comments from the president of the European Central Bank, Mario Draghi, weakened the single currency, dragging the franc down with it. GBP/CHF has subsequently risen to just under 1.50, losing around a percent following the announcement. … Read more GBP/CHF Pushes 1.50 After ECB Announcement