The pound has weakened slightly against the Euro, dropping from its four year high of 1.2549. The stronger than expected GDP figures out of Germany and the Eurozone has caused the single currency to rally against a number of other currencies. The Eurozone avoided sliding back into recession thanks to the economic strength of German [...]
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The pound drops from its four year high
Tuesday, May 15th, 2012Why the Bank of England left the Interest Rate and Quantitative Easing target unchanged
Thursday, May 10th, 2012The Bank of England’s Monetary Policy Committee announced today that they will be maintaining their current ultra-low interest rate of 0.50% through May and the Quantitative Easing target will remain at £325 billion. The decision should help the Pound to hold onto its recent gains in the currency exchange markets. The Pound to Euro exchange [...]
Read the rest of this entry »Why the German-led Eurozone shares similarities with the Nazi empire of the Great Depression
Wednesday, May 2nd, 2012The nine month contraction in Eurozone Manufacturing PMI continued in April with a drop to 45.9 – a 34-month low and well below the 50.0 level that separates growth from shrinkage. Manufacturing PMI’s fell across the Eurozone with the core economies of Germany and France even posting weak results. Unemployment across the 17-nation bloc also [...]
Read the rest of this entry »Sterling to Euro Exchange Rate and Pound to US Dollar Exchange Rate Reach New 2012 Highs
Friday, April 27th, 2012The Sterling to Euro exchange rate reached 1.2293 overnight. And the Pound to US Dollar exchange rate reached 1.6235 overnight. Sterling managed to force the Euro exchange rate up even higher last night, and the elusive 1.2300 was almost breached. The Pound also stretched the upper limit of the GBP/USD exchange rate a little [...]
Read the rest of this entry »UK Economy falls into double-dip recession during the beginning of 2012 | Strong Sterling currency forecasts put on hold | Pound exchange rate slides back down
Wednesday, April 25th, 2012Following the news that the UK economy contracted by -0.2% in the first 3 months of 2012, strong Sterling currency forecasts were halted and the Pound lost out to its major rivals, as investors were spooked by the headline of a double-dip recession – something not seen since the 1970’s. The Pound to Euro exchange [...]
Read the rest of this entry »Sterling Exchange Rate Forecasts Boosted By Strong Retail Sales
Friday, April 20th, 2012Strong Retail Sales figures have helped Sterling in its ascendency this week. UK Retail sales grew by the most in over a year in March as the unusually warm weather boosted clothing and gardening sales. The oil price hikes that gave rise to a series of petrol panic buys also contributed to the marked increase. [...]
Read the rest of this entry »Spanish Debt Auction Goes Smoothly
Thursday, April 19th, 2012Spain managed to sell 2.54 billion Euros worth of 2-year and 10-year debt certificates this morning. The auction has been viewed as a success seeing as yields remained below the crucial 6% level and the bid-to-cover ratio increased from last time around. Spain sold 1.425 billion in 10-year bonds at a maximum yield of 5.788% [...]
Read the rest of this entry »Will Sterling build upon recent gains against the Euro?
Wednesday, April 18th, 2012The peripheral Eurozone member states have always posed the biggest threat to the future of the single currency and over the past few weeks Spain has taken over from Greece as the primary cause of concern. Spanish government 10-year debt yields have shot up to over 6.0%; investor confidence is frayed to say the least; [...]
Read the rest of this entry »Sterling / Euro / US Dollar Exchange Rate Update Forecast
Wednesday, April 18th, 201218 April 2012, Sterling Exchange Rate Update and Forecast The Pound to Euro exchange rate is currently trading at 1.2210 The Pound to US Dollar exchange rate is currently trading at 1.5984 The Pound to Australian Dollar exchange rate is currently trading at 1.5400 The Pound to New Zealand Dollar exchange rate is currently trading [...]
Read the rest of this entry »US Dollar / Euro / Sterling Exchange Rate Forecast
Wednesday, April 11th, 2012The Pound to Euro exchange rate is currently trading at 1.210 The Pound to US Dollar exchange rate is currently trading at 1.590 The Euro to US Dollar exchange rate is currently trading at 1.314 The Pound has been trading relatively well over the past week as a strong set of PMI figures gave the [...]
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