Pound Sterling forecast page 3 - gbp pound sterling pound sterling

The Pound Euro (GBP/EUR) exchange rate jumped on Wednesday morning after a surprise rise in UK inflation boosted Bank of England (BoE) interest rate rise bets. At the time of writing, GBP/EUR was trading at around €1.1369, having gained 0.2% on the day. Pound (GBP) Jumps as UK CPI Boosts BoE Bets The Pound (GBP) rallied on...

Pound (GBP) Buoyed by Upwardly Revised PMI The Pound (GBP) is strengthening against the Australian Dollar (AUD), despite initially softening against some of its other peers. As today’s trade began, renewed worries about the UK economy put some pressure on the Pound. Sainsbury’s supermarket revealed its latest results, which...

GBP/CAD Exchange Rate Climbs on Oil Price Downturn The Pound Canadian Dollar (GBP/CAD) exchange rate rose today as the Canadian Dollar (CAD) fell on depreciating oil prices. Conversely, the Pound (GBP) found support on Bank of England (BoE) rate hike expectations alongside an expectation of foreign investment. At the time of...

GBP/JPY Exchange Rate Rangebound as Japanese Covid-19 Vaccinations Increase The Pound Japanese Yen (GBP/JPY) exchange rate held steady following the release of the latest flash Japanese industrial production figure for July, which fell below forecasts from 23% to 11.6%. The pairing is currently fluctuating around ¥151.20. An official at...

GBP/USD Exchange Rate Fall as Risk-Off Markets Boost Safe-Haven Demand The Pound US Dollar (GBP/USD) exchange rate fell by -0.4% today as demand for the safe-haven US Dollar has risen as Europe suffers from a third-wave of Covid-19. The pairing is currently fluctuating around $1.38. The US Dollar (USD) has benefited from souring...

GBP/USD Exchange Rate Edges Higher on Positive UK Business Morale The Pound to US Dollar (GBP/USD) exchange rate rose today following a bout of upbeat UK economic news. The pairing is currently fluctuating around $1.38. Today saw UK business confidence hit 12-month highs. The BDO’s Services Optimism Index beat forecasts, rising to...

Pound Sterling (GBP) Exchange Rates The Pound Sterling (GBP) ended the week on a fairly buoyant note, despite confirmation that 2020 was Britain’s worst year for economic growth in 300 years. Investors are still optimistic about Britain’s outlook due to the nation’s coronavirus vaccine rollout. Many key UK ecostats will be...

Despite stronger than expected Swedish data today, the Swedish Krona’s bearish streak continues, and the British Pound to Swedish Krona (GBP/SEK) exchange rate has been able to capitalise on that this week. Investors piled into the Pound on Bank of England (BoE) news yesterday, making it even easier for the bullish Pound to sustain big...

Pound Swedish Krona Exchange Rate Trends Higher on Disappointing Swedish Growth The Pound to Swedish Krona (GBP/SEK) exchange rate rallied sharply as the fourth quarter Swedish gross domestic product proved weaker than forecast. While forecasts had pointed towards the growth rate slowing sharply on both the year and the quarter...

Despite underwhelming UK data lately and a dire coronavirus infection and death rate, the British Pound to Swedish Krona (GBP/SEK) exchange rate is climbing today. The Pound is benefitting from risk-sentiment, while the Swedish Krona continues to sold on the Riksbank’s recent shifts in monetary policy action. Since opening this week at...