Pound Australian Dollar forecast page 31 - GBP AUD

POUND STERLING The FTSE 100 has once again shown gains today, following its heavy losses of the early part of the week. This has propped the Pound up, but fears remain over the state of Britain’s real economy following Chancellor George Osborne’s warning yesterday that the UK faces a ‘hard recovery’. NEAR-TERM OUTLOOK – NEUTRAL....

POUND STERLING No UK data releases on the day meant steady trading for the Pound. Risk-driven movements in other currencies have determined the levels on Sterling pairs as investors wait for next Tuesday’s key UK CPI inflation figure to provide further direction. NEAR-TERM OUTLOOK – NEUTRAL. US DOLLAR – The Pound Dollar...

The Pound Euro exchange rate (GBP EUR) is 1.1354. The Pound Dollar exchange rate (GBP USD) is 1.6177. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5754. Yesterday saw the re-emergence of Eurozone debt fears, causing renewed uncertainty in global equities and currency markets. Worries over Eurozone sovereign debts, which...

POUND STERLING The Bank of England’s Quarterly Inflation Report, released this morning, has caused further downside for Sterling following yesterday’s disappointing Industrial Production figures. The Report downgraded the Bank’s predictions for UK growth and stated that CPI inflation was expected to fall below the government’s 2%...

The Pound Euro exchange rate (GBP EUR) is 1.1350. The Pound Dollar exchange rate (GBP USD) is 1.6280. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5720. Panic is, by its very definition, an emotional state that can only prevail for a very short period of time. It was, therefore, perhaps inevitable that the febrile behaviour of...

POUND STERLING This morning’s UK Industrial Production figures showed a contraction in UK industrial output in June, placing pressure on the Pound and stoking analysts’ fears that British economic activity may once again be grinding towards a halt. If the NIESR GDP growth estimate prints at lower than last month’s 0.1% figure when...

The Pound Euro exchange rate (GBP EUR) is 1.1498. The Pound Dollar exchange rate (GBP USD) is 1.6341. The Pound Australian Dollar exchange rate (GBP AUD) is 1.6089. The sell-off in global stocks has continued at pace over the last 24 hours, with New York’s Dow Jones recording its sixth worst day in history yesterday, closing down by...

POUND STERLING The Pound has traded sideways against the other majors on the day, with no data of significance released in the UK. Tomorrow sees the release of the closely-watched NIESR GDP Growth Estimate figure for last month; if it suggests that Britain’s economy is slowly grinding towards a standstill again, then the Pound may give...

The Pound Euro exchange rate (GBP EUR) is 1.1445. The Pound Dollar exchange rate (GBP USD) is 1.6412. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5917. In a major development, which came on Friday night, Standard and Poors, the leading ratings agency, downgraded the US’s credit rating from the maximum AAA status to AA+ for...

POUND STERLING This morning’s UK Producer Price Index figure showed that factory gate prices are rising at a slightly higher rate than had anticipated. By rights, this should have caused support for the Pound as investors upwardly revise their projections for UK interest rates. However, the Pound failed to make any headway against the...