Pound Sterling Forecast 2015: GBP to Dollar (USD), Euro (EUR) and Canadian Dollar (CAD) Exchange Rate Predictions

July 19, 2014 - Written by John Cameron

STORY LINK Pound Sterling Forecast 2015: GBP to Dollar (USD), Euro (EUR) and Canadian Dollar (CAD) Exchange Rate Predictions

Currency News UK presents our Live Pound Sterling Forecasts 2014/2015 for GBP to US Dollar, Euro and Canadian Dollar Exchange Rate Predictions - The POUND STERLING (currency:GBP) lost a small amount of ground against almost of the other major tenders today. No fresh UK data releases meant that Sterling suffered a monitor bout of profit-taking from investors.

With next week’s session kicking off with the latest Rightmove UK House Price survey, followed by government borrowing figures on Tuesday, this period of drift is not likely to last for long for the UK unit. Analysts now predict that the Pound will trade on a NEUTRAL TO POSITIVE footing in the near-term forecast.

The EURO (currency:EUR) clawed back a little ground against Sterling earlier on, sending the Sterling to euro exchange rate down to as low as 1.2602 GBP/EUR during morning trading in the global currency markets.

The single currency was helped by this morning’s whole of eurozone current account numbers for May, which showed a pronounced improvement on April’s counterpart public borrowing figures.

However, investors holding euro-denominated assets continue to fear that the European Central Bank is seeking to further weaken the single currency. The euro forecast is NEGATIVE.

The US DOLLAR (currency:USD) strengthened against the euro today, sending the EUR USD exchange rate down through the psychologically-signifcant 1.3500 threshold for the first time since the European Central Bank announced a raft of monetary policy loosening measures almost three months ago.

The Greenback has benefitted from a global flight to quality following yesterday afternoon’s Malaysia Airlines plane crash and the uncertainty which this has caused regarding Russia’s relationship with the West could trigger further gains for the Buck into next week.

Analysts forecast that the US Dollar will perform on a NUETRAL TO POSITIVE footing in the near-term and the Pound to Dollar exchange rate stands at 1.7054 GBP/USD.

The CANADIAN DOLLAR (currency:CAD) bucked the trend of recent weeks and outperformed almost all of the other sixteen most-actively traded global currencies today.

The Cdn Dollar enjoyed a boost when last month’s domestic Consumer Price Index figures were released; they showed that Canadian prices are rising at a faster than expected pace, increasing the pressure on the Bank of Canada to hike rates sooner rather than later.

The Canadian exchange rate forecast is now NEUTRAL and the Pound to Canadian Dollar exchange rate stands at 1.8310 GBP/CAD.

Pound Sterling Live Exchange Rates - Updated 21/07/2014

The Pound Sterling to Australian Dollar exchange rate is trading up +0.06% at 1.82017 GBP/AUD.
The Pound Sterling to Canadian Dollar exchange rate is trading up +0.01% at 1.83542 GBP/CAD.
The Pound Sterling to Swiss Franc exchange rate is trading down -0.09% at 1.53318 GBP/CHF.
The Pound Sterling to Euro exchange rate is trading down -0.04% at 1.26251 GBP/EUR.
The Pound Sterling to New Zealand Dollar exchange rate is trading up +0.09% at 1.96485 GBP/NZD.
The Pound Sterling to Turkish Lira exchange rate is trading down -0.34% at 3.61940 GBP/TRY.
The Pound Sterling to US Dollar exchange rate is trading down -0.09% at 1.70730 GBP/USD.
The Pound Sterling to Rand exchange rate is trading down -0.34% at 18.15062 GBP/ZAR.

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