An eye-opening exchange rate forecast from the team at BMO Capital warn that the pound sterling (GBP) exchange rate complex is trading well ahead of where it should be. The obvious question posed by this accusation is whether it is due to fall to fairer levels?
July 23,2014
The pound sterling (GBP) exchange rate complex enters the new week at a disadvantage having seen selling pressure dominate the Friday session.
July 21,2014
The British pound (GBP) retains a solid footing on the global forex markets as it continues to benefit from strong economic data releases, however a halt to gains is now forecast as the tail-winds of strong economic data releases fades.
July 18,2014
The pound sterling (GBP) remains firm on global currency markets at present thanks to news that inflation has unexpectedly risen in the UK - good news for those holding out for better exchange rates but bad news for consumers.
The GBP/EUR is at 2 year highs while the pound dollar is at 5 year highs.
July 18,2014
The British pound continues to see mixed conditions against the US dollar - gains witnessed earlier in the week soon gave way as the USD strengthened across the board.
The mixed picture for GBP/USD actually fits in with the viewpoint at Scotiabank that holds a year-end forecast for the pair to end at current levels.
July 17,2014
The pound sterling (GBP) exchange rate complex is forecast to maintain a positive tone as the good news coming out of the UK economy convinces traders that the Bank of England will be the first major central bank to start raising interest rates.
July 4,2014
The high-flying British pound (GBP) slipped from this week's six-year high against the US dollar after data overnight showed that Britain’s dominant services sector grew at a slower pace than expected in June.
The drop in the services PMI to 57.7 from 58.3 in May was lower than the forecast for 58.3 but nevertheless kept the sector’s performance solidly in expansion territory and thus we see sterling remaining supported.
July 4,2014
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