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Exchange Rate Forecasts for Pound to Euro (GBP-EUR), Swiss Franc (CHF) and US Dollar (USD)

February 19, 2015 - Written by John Cameron

Today's Currency Exchange Forecasts for the Pound Sterling to Euro, Swiss Franc and US Dollar Exchange Rates



The POUND STERLING (currency:GBP) enjoyed one of its best days in the currency markets for some time yesterday following the publication of a stronger than anticipated set of domestic labour market data.

Figures pointing to a strong level of UK wage increase added to the positive mood enveloping the Pound on the day, while the revelation that two of the Bank of England’s nine man policy committee believe that an interest rate hike may be required before the end of 2015 provided the Pound with further assistance.

Analysts forecast that Sterling will perform on a NEUTRAL TO POSITIVE footing moving forward.

Latest Euro Exchange Rates Today (19/02/2015)

The Pound to Euro (GBP/EUR) exchange rate converts +0.07 per cent higher at 1 GBP is 1.35495 EUR.
The US Dollar to Euro (USD/EUR) exchange rate is +0.04 pct higher with a conversion rate of 1 USD equals 0.87753 EUR.
The Swiss Franc to Euro exchange rate is -0.45 pct lower with a conversion rate of 1 CHF equals 0.92699 EUR.
The Canadian Dollar to Euro exchange rate converts -0.15 per cent lower at 1 CAD is 0.70320 EUR.

Euro Exchange Rate Plunges on Greece Woes


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Things are hotting up in the Greece / ‘Troika’ debt stand-off and the EURO (currency:EUR) is suffering as a result.

This afternoon’s news that the European Central Bank is restricting the short term liquidity which it makes available to Greek retail banks has piled the pressure on the men from Athens.

The euro weakened to its lowest level against the Pound for some 7 ½ years and the outlook for the single currency is firmly NEGATIVE. The GBP EUR exchange rate stands at 1.3602.

Dollar Exchange Rate Support Waning



The US DOLLAR (currency:USD) gave up further ground against the Pound yesterday, sending GBP USD up to 1.5456.

A trio of disappointing data sets from the States yesterday afternoon held back the Buck on the session; January’s Building Permits and Housing Starts figures came out below expectations, while weekly Mortgage Approvals stats also disappointed.

The impression is increasing that the world’s largest economy may not be strong enough to tolerate an interest rate increase until 2016 and the Greenback has softened as a consequence.

The outlook for the Dollar is now NEUTRAL and GBP USD stands at 1.5426.

Swiss Franc Exchange Rate Drops in Line with Confidence



A massive drop in the latest Swiss ZEW Sentiment survey in comparison to the previous edition saw the SWISS FRANC (currency:CHF) suffer pronounced selling pressure on the day yesterday.

The closely-monitored gauge of confidence printed at a shocking -73.0 and the Pound Franc exchange rate spiked to as high 1.4584 as a result.

GBP CHF was trading at slightly above the 1.5500 level at the time that the Swiss National Bank scrapped its 1.2000 minimum floor on EUR CHF and the way support for the Franc is plunging, GBP CHF could get back there.

The outlook for the Franc is NEUTRAL TO NEGATIVE.
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