Euro Pound forecast - EUR GBP

This morning’s report from the Ernst & Young Item Club which found that the real cost to the UK economy of high levels of inflation since 2010 has been £10bn. The news has held back the POUND STERLING on the day. The latest Rightmove House Price survey, released overnight, has done little to improve investor sentiment towards Sterling....

A light schedule of data releases in the global economy have made for limited price action in the currency markets so far today. Perhaps the major driver amongst the investment community at the moment is the ongoing situation in Syria, where evidence has emerged within the past few days that the ruling Assad regimes has apparently used...

A significantly weaker than anticipated set of US Initial Jobless Claims data, released a short time ago in the States, has triggered a renewed bout of selling pressure on the US DOLLAR, sending the Pound to US Dollar exchange rate (currency : GBP USD) up from its intraday low of 1.5193 back up to close to the 1.5300 level as New York braces...

Yesterday afternoon’s session in the currency markets provided one of the most surprising headlines of the year – leading credit ratings agency Fitch announced that it had UPgraded the credit rating of long-term debt struggler Greece from CCC to B-. The development was not just good news for the Hellenic state, but also for the eurozone...

It was a good news / bad news morning in the currency markets for the Pound Sterling. On the credit side, the Bank of England’s Inflation Report saw the UK’s central bank upwardly amend its growth prediction for Britain’s economy, with overall activity expected to expand by 0.5% during the three months to the end of June 2013. The...

The US Dollar once again market outperformed during yesterday’s session in the global currency markets. By the middle part of yesterday’s North American session, the Pound to US Dollar exchange rate had lost around half a percent of its value and had dipped to 1.5227. This represented the pair’s lowest level for some three weeks. The...

The main event in the currency markets this morning was provided by the publication of the latest edition of the closely-monitored ZEW Sentiment Survey in Germany. Analysts had been anticipating that the gauge of confidence amongst economic participants in the eurozone’s premier economic power would show a healthy increase from last...

The US Dollar continued its near-term renaissance during yesterday’s session in the currency markets, gaining ground against virtually all of the sixteen most actively traded currencies. The Greenback started the day on the front foot thanks to reports in the States that the US Federal Reserve had formulated a road map which would see it...

With very little in the way of significant UK data releases until Wednesday morning’s jobs data, the POUND STERLING has traded on an even keel today. Last week’s suggestion that a revised set of construction industry data from the middle part of last year may mean that the British economy actually avoided entering a double dip recession...

Decisions by two of the world’s leading central banks appear likely to continue to have a pronounced effect on price action in the global currency markets this week. Last week’s surprise announcement by the Reserve Bank of Australia that it was cutting its key lending rate by 25 basis points to a new record low of 2.75% came as a body...