Dollar Pound forecast - USD GBP

The latter part of yesterday’s North American session did not bring the announcement of a cutting back in QE by the Federal Reserve which many analysts had been anticipating. However, Fed Chairman Ben Bernanke’s press conference which followed the FOMC’s latest policy statement triggered pronounced lurches in the value of several of the...

Every so often there comes a watershed moment in the currency markets – the news that Lehman Bros had gone under, America’s AAA sovereign debt downgrade and the Swiss National Bank’s decision to introduce a minimum floor of 1.2000 for EUR CHF spring to mind in recent years. Today’s session has the potential to provide investors with...

Two European data releases have dominated price action in the currency markets so far today. The latest headline UK inflation figure lead the way in the early part of the session, providing a fair wind for the Pound. The May Consumer Price Index figure revealed that rate of British price increases jumped from 2.4% in April to 2.7% last month....

Sometimes politicians go too far. After signs in recent months that the economic situation in Greece was stabilising and with some positive economic growth in the troubled Hellenic state firmly within sight, the nation’s leader Antonis Samaras appears to have plunged his country into a new constitutional crisis. Samaras didn’t act to end...

A quiet start to the week for the POUND STERLING is likely to end tomorrow morning when the latest set of UK CPI inflation figures are published. Analysts are anticipating a slight rise in the annualised figure; if this comes to pass, then given the slightly firmer tone of recent British data releases thoughts of an extension to QE by the...

The Pound received a boon earlier today when a detailed survey of the British housing sector revealed that the average sale price of properties in England and Wales reached £233,061 during April. This was the highest recorded reading for the figure, meaning that Britain’s housing market appears to have recovered from the credit crisis...

The twin highlights of today’s session come in the form of this morning’s whole of eurozone CPI inflation data for last month and this afternoon’s US Michigan Sentiment Index. The figures from either side of the Atlantic have one common thread – they are both highly likely to have a bearing on investors’ thoughts on the likely...

The European Central Bank monthly report, published earlier this morning, had a broadly neutral effect on the EURO. However, the closely-monitored release sent out a confident message regarding price pressures in the eurozone, stating that inflation in the region remains firmly under control. The statement leaves the door open for a further...

The Pound Sterling was one of the best-performing of the sixteen most-actively traded global currencies during yesterday’s session, largely thanks to an encouraging NIESR GDP growth estimate for the UK economy, published just before the European equities close. The closely-watched prediction of the level of economic activity in the British...

Perhaps the most notable development in the global currency markets during yesterday’s session acme in the form of an announcement from leading credit ratings agency Standard & Poor’s. The organisation, which is one of the three big global credit grading bureau, revealed just before the European equities close that it had raised its...