Pound Sterling forecast page 11 - gbp pound sterling pound sterling

The weekend market shut-down often gives currency market participants pause for reflection and allows the preceding Friday’s global situations to calm down. However, this week’s market close simply allowed the one major pent up potential flashpoint on investors’ minds to increase in gravity. The debt crisis in Cyprus snowballed in...

The waiting game continues. The eurozone’s policymakers have been making public comments throughout this afternoon’s session, as market participants await news from Cyprus. Spain’s policymakers have been at the front of the queue to pass comment on the situation, perhaps because of the Iberian nation’s ongoing struggle with its own...

Price action in the global currency markets during today’s session are likely to be dominated by events in Cyprus. Members of Parliament in the debt-troubled Mediterranean state are due to vote on a series of measures designed to raise the finances required in order to secure a much-needed bail-out from Brussels. The situation in Cyprus...

The POUND STERLING has enjoyed an encouraging day on the foreign currency markets thanks to positive UK data releases earlier today. Retail Sales figures for last month showed at a far better than anticipated annualised 3.3% and the latest UK public sector net borrowing figures were also ‘less bad’ than had been anticipated thanks to...

The US Dollar has weakened somewhat in the aftermath of yesterday evening’s Federal Reserve FOMC policy announcement. Although the US central bank’s policy committee opted not to adjust its current policy stance, the accompanying statement which was released at the same time suggested that Quantitative Easing is here to stay in the...

Sterling has come under renewed selling pressure this afternoon, following UK Chancellor George Osborne’s announcement during his Budget Statement that the Office for Budget Responsibility has slashed its official GDP growth forecast for the British economy for 2013 from 1.2% to 0.6%. The previous prediction of an increase of 1.2% in...

Today’s session brings the release of a slew of economic data releases across the globe, almost guaranteeing significant price action for almost all of the world’s major currency pairs. As ever, today’s central bank announcements and commentaries are likely to cause institutional investors to adjust their predictions for the future...

A positive ZEW Economic sentiment survey, released this morning, was not enough to trigger a comeback for the EURO against the Pound on the day. Market participants continue to remain reticent about holding funds in euro-denominated assets thanks to the EU/ECB’s announcement of Cyrus’s onerous bailout conditions. The current GBP EUR...

One issue dominates the thoughts of investors in the foreign currency market at the moment – the proposed bailout for Cyprus. News has emerged within the past 24hrs that the terms of the miniscule Island state’s emergency funding package are to be re-negotiated following widespread public outrage amongst the nation’s population at the...

The euro suffered pronounced selling pressure when the currency markets re-opened at the start of today’s session following the eurogroup of Finance Ministers’ surprise weekend announcement that Cypriot savers would be forced to make a hefty contribution towards the nation’s proposed €10bn bailout. The news sent the Pound to euro...