Following 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 [...]
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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, 2012Sterling 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 »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 Rallies as US Nonfarm Payrolls Up 227K | Sterling & the Euro Exchange Rates fade against Australian Dollar, New Zealand Dollar, Canadian Dollar, Indian Rupee & South African Rand
Friday, March 9th, 2012The US Dollar has soared across the board on the back of the prolific Nonfarm Payrolls. For the 17th consecutive month new people have been added to the payroll; private companies employed 233,000 new staff, while government organisations lost 6,000. The US Dollar Exchange Rate is trading almost a cent higher against the Pound Exchange [...]
Read the rest of this entry »Sterling Up Against Euro After Negativity From Trichet
Friday, June 10th, 2011The Pound managed to bounce back against the Euro on Thursday afternoon when Jean-Claude Trichet failed to comment on how the ECB would be raising rates in the coming months after the widely expected increase next month. Trichet used key wording such as “extreme vigilance” in his speech, which is a sure sign that a [...]
Read the rest of this entry »Sterling Suffers Huge Losses Against A Basket Of Currencies
Friday, March 25th, 2011Thursday saw the Pound shed its value against every major currency when news arose that Britain’s retail sales figures were revised down further than analysts had originally predicted. Investors began to sell the Pound at 09:30 when the retail sales figures were released showing a large decline from Januarys robust figure of 1.9% to the [...]
Read the rest of this entry »Euro Climbs by 1% Against the Pound
Thursday, March 3rd, 2011The Euro climbed sharply today as the European Central Bank (ECB) president Jean Claude Trichet laid a strong hint that European interest rates are to increase. Inflation is running high in the UK, Europe and USA as low interest rates are leading to price rises. This has led many analysts to expect interest rates to [...]
Read the rest of this entry »US and UK GDP Revised Downward and US Dollar Hit as Oil Prices Surge
Monday, February 28th, 2011GDP growth in the UK and USA was revised downward on Friday, increasing concerns about a potential return to a double dip recession on both sides of the Atlantic. In the UK the reduction in growth for the fourth quarter of 2010 was revised down to negative 0.6%, from the first estimate of negative 0.5%. [...]
Read the rest of this entry »Libya Crisis Reduces Risk Appetite and Earthquake Hits The New Zealand Dollar
Wednesday, February 23rd, 2011Colonel Gadaffi is clinging on to power in Libya where there is a mass uprising against his regime. Gadaffi’s rhetoric is becoming more aggressive as he describes anti-regime protesters as ‘rats’ and calls on supporters to ‘cleanse Libya house by house’ unless protesters surrender. This has heavily reduced risk appetite in the market place, causing [...]
Read the rest of this entry »Sterling Soars as Inflation Hits 4% in the UK
Tuesday, February 15th, 2011UK consumer price inflation was announced today and it came in at 4%, which is double the Bank of England’s target. The rate was in line with investor expectations as VAT rises, higher fuel prices and increased commodity prices increased the value of the UK shopping basket. The Pound initially declined as the news was [...]
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