Pound Sterling forecast page 14 - gbp pound sterling pound sterling

Sterling staged a dramatic turnaround in the currency markets yesterday, reversing a portion of the losses which it has incurred since the start of 2013 to outperform all of the other sixteen most-actively traded global currencies on the day. The Pound’s positive showing was largely attributable to comments by Bank of England...

The euro has been the major loser in the global currency markets during this afternoon’s session, following comments from European Central Bank President Mario Draghi in his post policy decision press conference. Draghi delivered a fervently downbeat assessment of the eurozone’s short-to-medium term economic prospects following his...

The bad news stories keep on coming for the Pound Sterling; yesterday’s session brought the release of a deeply worrying report from the widely-respected Institute of Fiscal Studies, which predicted that the UK’s borrowing requirement for 2014-15 will be a mammoth £64bn higher than previous estimates. The only alternatives to this huge...

A highly disappointing set of Australian Retail Sales figures for the key month of December, released during last night’s Asian session, have caused patchy appetite for risk-laden assets so far today. The Aussie shop sales numbers, which follow on from the Reserve Bank of Australia’s downbeat policy statement, released earlier this week,...

The hullaballoo of yesterday’s session brought extreme price action for several of the world’s leading currency pairs, as investors left behind any semblance of logic and traded on pure gut instinct. The Pound registered pronounced gains against the euro before the European session even got underway, sending the Sterling to Euro exchange...

The Pound has gained ground against the Australian Dollar during today’s session thanks to events in Australia overnight, where the Reserve Bank of Australia made its monthly policy announcement. As anticipated, Australia’s central bank decided to maintain its key lending rate at 3.00%; however the accompanying statement provoked a bout...

Yesterday’s session in the currency markets brought a joint press conference between under-fire Spanish Prime Minister Mariano Rajoy and German Chancellor Angela Merkel. Rajoy has faced calls for his resignation in recent weeks over allegations that members of his ruling party had received illicit payments into a ‘slush fund’. Merkel...

The POUND STERLING has bounced back against almost all of the other major currencies today following Friday afternoon’s virtual capitulation. The move came in spite of a disappointing PMI Construction survey, released this morning. This suggests that the Pound’s mini revival represents a short term technical retracement rather than the...

Global shares soared and the Pound Sterling slumped as last week’s session drew to a close. It was clear what had caused the surge in global appetite for risk - positive US employment data, released at the start of the North American trading day on Friday, which sent the benchmark Dow Jones Industrial Average spiralling to its highest level...

Today has seen a data-heavy day in the currency markets , triggering significant price action. As was ever the case, European releases led the way, with a rare piece of positive UK data. The latest PMI Manufacturing sector survey revealed that activity levels in the UK’s long-downtrodden combined Manufacturing industries increased last...