Exchange Rate Forecasts for the Euro, Pound, Dollar and the Rupee

March 1, 2015 - Written by John Cameron

STORY LINK Exchange Rate Forecasts for the Euro, Pound, Dollar and the Rupee

Latest Pound Sterling Forecasts vs the Euro, Rupee and US Dollar

German Inflation Data Fails to Help Euro Exchange Rate

Friday morning’s German CPI inflation data showed well ahead of expectations at 0.1% versus an anticipated -0.3%.

However, in a clear case of ‘what should go up and doesn’t go up, can only come down’, the EURO (currency:EUR) still lost ground against the Pound Sterling on the day.

Monday brings the whole of eurozone version of the same CPI data, but whatever this prints at, the forecast for the single currency remains firmly NEGATIVE.

Exchange rates Today:

The Pound to Australian Dollar exchange rate today is converting +0.02 per cent higher at 1.97611 GBP/AUD.
The Pound to Canadian Dollar exchange rate today is converting -0.12 per cent lower at 1.92912 GBP/CAD.
The Pound to Swiss Franc exchange rate is -0.07 pct lower with a conversion rate of 1 GBP equals 1.47123 CHF.
The Pound to Euro conversion rate is +0.03 pct higher at 1.37912 GBP/EUR.
The Pound to New Zealand Dollar conversion rate is +0.13 pct higher at 2.04219 GBP/NZD.
The Pound to US Dollar conversion rate is -0.09 pct lower at 1.54247 GBP/USD.

Pound Sterling Fortunes Dependent on BoE

The POUND STERLING (currency:GBP) finished the week in good form, recording gains against the other major global units.

The main event for the coming seven days, as far as Sterling-watchers are concerned, comes on Thursday afternoon, in the form of the latest Bank of England monetary policy decision.

No change is expected, but analysts predict that the Pound will continue to fare well, if only by dint of the fact that it is not the euro. The outlook for Sterling is NEUTRAL TO POSITIVE.

Indian Rupee Traders Await Modi Budget

The near-term prospects of the INDIAN RUPEE (currency:INR) hinged on the weekend’s first full budget from Narendra Modi’s ruling BJP Party.

Our man in New Delhi forecasts widespread tax reforms including a re-jig of the Goods and Services Tax.

Also, look out for an increase in infrastructure spending.

Expectations are high and last year’s interim budget proved to be a disappointment, so the forecast for the Rupee is NEUTRAL TO NEGATIVE.

The Pound Sterling Rupee exchange rate stands at 95.3563.

Dollar Exchange Rate Forecast: USD Holders Neutral

Conflicting forces are at play for the US DOLLAR (currency:USD) – yesterday’s domestic inflation numbers suggested that the core level of price rises is beginning to pick up in the States.

This development should see the Buck strengthen as investors price-in a higher percentage chance that the US Federal Reserve will be hiking its key lending rate sooner rather than later.

However, Fed Chair Janet Yellen’s midweek assertion that the recovery in the American jobs market remains patchy is likely to anchor support for the Greenback.

For this reason, the Dollar forecast is to perform on a NEUTRAL footing moving forward.

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TAGS: American Dollar Forecasts Currency Predictions Dollar Poun Forecasts