Swiss Franc forecast page 9 - chf swiss franc

POUND STERLING UK PMI Services sector data came out worse than had been anticipated this morning, compounding the downward pressure on the Pound which followed Wednesday’s highly disappointing PMI Manufacturing survey. The poor Service sector data is particularly damaging for Sterling as many analysts had predicted that this would be...

The Pound Dollar exchange rate (GBP USD) is 1.6346. The Pound Euro exchange rate (GBP EUR) is 1.1284. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5308. US Labour Market data releases over the past forty-eight hours have been of a contradictory nature, with Wednesday’s ADP Employment Change number showing that only 38,000 new...

The Pound Euro exchange rate (GBP EUR) is 1.1371. The Pound Dollar exchange rate (GBP USD) is 1.6332. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5381. A series of poor data releases and renewed concerns over the Eurozone sovereign debt crisis saw share markets plummet following Tuesday’s day of gains for equities. The...

POUND STERLING The Pound has suffered significant downside on the day following a poor PMI Manufacturing survey for May. To add insult to injury, April’s PMI Manufacturing was downwardly revised. This number gives little scope for the Bank of England’s MPC to raise interest rates at next week’s meeting. NEAR-TERM OUTLOOK – NEUTRAL...

POUND STERLING UK data releases over the last 24 hours have been of a generally positive tone, with last night’s GfK Consumer Confidence survey showed the largest monthly increase for over eighteen years and this morning’s Nationwide House Price survey also bettered expectations. However, Sterling has failed to break higher against...

POUND STERLING With no tier one data released in the UK today, the Pound gained ground on the other majors due to Euro and US Dollar weakness in the market. Tonight’s GfK Consumer Confidence survey for May tomorrow is the last significant UK data release before the long weekends; this will lend it added significance. NEAR-TERM OUTLOOK...

The Pound Euro exchange rate (GBP EUR) is 1.1456. The Pound Dollar exchange rate (GBP USD) is 1.6124. The Euro once again stole the limelight in the currency markets yesterday, as fears increased that several peripheral nations may be at risk of defaulting on their sovereign debts. The yield on Greece’s 10 year treasury bills rose to...

POUND STERLING Another worrying day for investors holding Sterling-denominated assets as the Pound failed to gain ground following positive UK data. This time, April’s UK Retail Sales figure showed a better-than-expected monthly increase of 1.1%, but the Pound still lost ground against the Euro and the Greenback. NEAR-TERM OUTLOOK –...

POUND STERLING An unexpected rise in the number of UK workers claiming Job Seekers’ Allowance and a disappointing set of Bank of England minutes have seen the Pound suffer significant downside on the day. With only three of the nine-man Bank of England MPC committee voting for an interest rate hike and one of those leaving the MPC...

POUND STERLING This morning’s UK CPI Inflation figure far outstripped analysts’ expectations, coming out at an annualised 4.5%, its highest level since the Autumn of 2008. However, Sterling has failed to move forward against the UAD and EUR in spite of this apparently positive release, which is a bad sign for investors holding...