Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, CHF
9 Feb 2012 at 4 PM - Written by John Cameron
POUND STERLING
The highlight of a packed day of UK data releases came at midday, when the Bank of England Monetary Policy Committee announced that it is set to extend its Asset Purchase scheme by £50bn. The market’s initial reaction was Sterling-positive, suggesting that investors are encouraged by the Bank’s decisive action. On the debit side, this morning’s UK Industrial Production figures were significantly worse than anticipated and this afternoon’s NIESR GDP growth estimate pointed to a double-dip recession for the UK. NEAR-TERM OUTLOOK – NEUTRAL.
US DOLLAR – The Pound Dollar exchange rate (GBP USD) is 1.5845
The Greenback has once again performed no more than steadily on the day, as UK and European stock indices made gains following the Bank of England’s announcement that it was set to inject further liquidity into financial markets. If share markets continue to push forward, then a renewed bout of selling pressure could be on the cards for the safe-haven Dollar, bringing the 1.6000 level into sight for GBP USD. NEAR-TERM OUTLOOK – NEUTRAL.
EURO – The Pound Euro exchange rate (GBP EUR) is 1.1919
The euro was buoyed by the news this afternoon that Greece’s coalition government has agreed to an austerity package, which will allow the debt-addled state to qualify for its next tranche of bail-out funding. The euro picked up on the news and had already been doing well following the ECB’s decision to maintain its key lending rate at 1.00% NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
SWISS FRANC – The Pound Swiss Franc exchange rate (GBP CHF) is 1.4434
The Swiss Franc continues to test lower against the majority of the other sixteen most-actively traded global currencies, as investors remain concerned that the SNB may be about to raise its self-imposed EUR/CHF Floor of 1.2000. This morning’s Swiss SECO Consumer Confidence survey for January bettered expectations, but still came out in negative territory. NEAR-TERM OUTLOOK – NEGATIVE.
For other live currency exchange rates and a currency converter see the currency news website.
STORY LINK Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, CHF
POUND STERLING
The highlight of a packed day of UK data releases came at midday, when the Bank of England Monetary Policy Committee announced that it is set to extend its Asset Purchase scheme by £50bn. The market’s initial reaction was Sterling-positive, suggesting that investors are encouraged by the Bank’s decisive action. On the debit side, this morning’s UK Industrial Production figures were significantly worse than anticipated and this afternoon’s NIESR GDP growth estimate pointed to a double-dip recession for the UK. NEAR-TERM OUTLOOK – NEUTRAL.
US DOLLAR – The Pound Dollar exchange rate (GBP USD) is 1.5845
The Greenback has once again performed no more than steadily on the day, as UK and European stock indices made gains following the Bank of England’s announcement that it was set to inject further liquidity into financial markets. If share markets continue to push forward, then a renewed bout of selling pressure could be on the cards for the safe-haven Dollar, bringing the 1.6000 level into sight for GBP USD. NEAR-TERM OUTLOOK – NEUTRAL.
EURO – The Pound Euro exchange rate (GBP EUR) is 1.1919
The euro was buoyed by the news this afternoon that Greece’s coalition government has agreed to an austerity package, which will allow the debt-addled state to qualify for its next tranche of bail-out funding. The euro picked up on the news and had already been doing well following the ECB’s decision to maintain its key lending rate at 1.00% NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
SWISS FRANC – The Pound Swiss Franc exchange rate (GBP CHF) is 1.4434
The Swiss Franc continues to test lower against the majority of the other sixteen most-actively traded global currencies, as investors remain concerned that the SNB may be about to raise its self-imposed EUR/CHF Floor of 1.2000. This morning’s Swiss SECO Consumer Confidence survey for January bettered expectations, but still came out in negative territory. NEAR-TERM OUTLOOK – NEGATIVE.
For other live currency exchange rates and a currency converter see the currency news website.
TAGS: American Dollar Forecasts Currency Predictions Dollar Pound Forecasts Euro Forecasts Euro Pound Forecasts Pound Dollar Forecasts Pound Euro Forecasts Pound Sterling Forecasts Pound Swiss Franc Forecasts Swiss Franc Forecasts
Leave a Comment
Related Stories:
- Improved Stock Market Performance Spells Good News For Risk-Tethered Canadian Dollar, While Sterling Suffers - May 22, 2012
- Kiwi Dollar Claws Back Ground in the Currency Markets as Stock Markets Register Gains - May 21, 2012
- Swiss Franc Expected To Weaken With Euro As Greek Fears Refuse To Dissipate - May 18, 2012
- Daily Rate Predictions For The US Dollar, Euro, Pound Sterling and Japanese Yen - May 17, 2012
- Today’s Rate Forecasts For The Pound Sterling, Euro, US Dollar and Australian Dollar - May 16, 2012
- Exchange Rate Predictions For The Pound Sterling, Euro, US Dollar and Hong Kong Dollar - May 15, 2012
- Currency Exchange Rate Forecasts For The Euro, Pound Sterling, US Dollar and Turkish Lira For Today - May 14, 2012
- Today’s Currency Exchange Rate Predictions For The Euro, Pound Sterling, US Dollar and Arab Emirates Dirham - May 11, 2012
- Pound US Dollar Exchange Rate Recovers Slightly As Greek Anti-Bail-Out Power Bid Fails - May 10, 2012
Latest News:
- Improved Stock Market Performance Spells Good News For Risk-Tethered Canadian Dollar, While Sterling Suffers - May 22, 2012
- Forward Move For Global Equities Sees Aussie and Kiwi Dollars Gain - May 22, 2012
- Kiwi Dollar Claws Back Ground in the Currency Markets as Stock Markets Register Gains - May 21, 2012
- Official Confirms That EC and ECB Are Drawing Up Plans For Greece’s Eurozone Exit, Yet GBP EUR Rate Drops - May 21, 2012
- Swiss Franc Expected To Weaken With Euro As Greek Fears Refuse To Dissipate - May 18, 2012
- Spanish Bond Yields Soar As Investors Fear Hard Default By Greece - May 18, 2012
- Daily Rate Predictions For The US Dollar, Euro, Pound Sterling and Japanese Yen - May 17, 2012
- Australian and New Zealand Dollars Weaken Again As Bank of England Slashes UK Growth Forecast - May 17, 2012
- Today’s Rate Forecasts For The Pound Sterling, Euro, US Dollar and Australian Dollar - May 16, 2012
- Pound Euro Exchange Rate Spirals As Greece Heads For Second General Election - May 16, 2012
Daily Market Updates
Major Currency Forecasts
- Pound Sterling Forecast
- Euro Forecast
- American Dollar Forecast
- Australian Dollar Forecast
- Japanese Yen Forecast
- Swiss Franc Forecast
- New Zealand Dollar Forecast
- Canadian Dollar Forecast
- Norwegian Krone Forecast
- South African Rand Forecast
- Indian Rupee Forecast
- Singapore Dollar Forecast
- UAE Dirhams Forecast
- Turkish Lira Forecast
- Hong Kong Dollar Forecast
Currency Pairs
- Pound Euro Forecast
- Pound Dollar Forecast
- Pound Australian Dollar Forecast
- Pound Yen Forecast
- Pound Swiss Franc Forecast
- Pound NZ Dollar Forecast
- Pound Canadian Dollar Forecast
- Pound Krone Forecast
- Pound Rand Forecast
- Pound Rupee Forecast
- Pound Sing Dollar Forecast
- Pound Dirham Forecast
- Pound Lira Forecast
- Pound HK Dollar Forecast
