Pound Australian Dollar forecast page 31 - GBP USD

The Pound Euro exchange rate (GBP EUR) is 1.1432. The Pound Dollar exchange rate (GBP USD) is 1.6315. The Pound Australlian Dollar exchange rate (GBP AUD) is 1.4898. The Pound Yen exchange rate (GBP JPY) is 126.45 The headline events for today are the Q2 GDP figure from the US due at 1230 GMT and the vote from congress on the current US...

POUND STERLING The Pound has recovered a little against the majority of the world’s most actively traded currencies. We would still however remain bearish on the Pound with a constant stream of Sterling negative data being released on a weekly basis. NEAR-TERM OUTLOOK – NEUTRAL - NEGATIVE US DOLLAR – The Pound Dollar exchange rate...

The Pound Euro exchange rate (GBP EUR) is 1.1365. The Pound Dollar exchange rate (GBP USD) is 1.6353. The Pound Australlian Dollar exchange rate (GBP AUD) is 1.4776. The Pound Yen exchange rate (GBP JPY) is 127.0170 Earlier in the week we considered the likelihood of a US Debt default, the general consensus in the market was that after...

POUND STERLING The Pound has sold off steadily from its 1.6436 high against the Dollar. Data from The Confederation of British Industry has helped to further illustrate the problems with a slowing economic recovery and it is now likely that the BoE will come under increased pressure to restart the Quantitative Easing program and therefore...

POUND STERLING The Pound suffered in opening trade this morning falling to a daily low against most majors ahead of the UK Q2 GDP release. The figure was announced as expected and the Pound recovered to close relatively flat on the day. The GDP figures reinforce the outlook that UK interest rates are unlikely to change in the short term....

POUND STERLING The Pound has traded within a relatively narrow range as trader’s side towards caution ahead of tomorrow’s Q2 GDP announcement. Despite last week’s announcement that Retail Sales figures were up for the month of June, the expectation is that GDP will be down from (0.5%) in the previous quarter to an expected (0.2%) for...

The Pound Euro exchange rate (GBP EUR) is 1.1343. The Pound Dollar exchange rate (GBP USD) is 1.6271. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5062. Markets seem to be breathing a sigh of relief following the announcement of measures aimed at maintaining stability in the Eurozone. The EU summit last week saw a sovereign...

POUND STERLING Sterling has traded within tight ranges against the Dollar and the Euro so far today and with no major risk events until next week, this is likely to continue until tonight’s close. Tuesday’s Q2 UK GDP growth figure needs to outstrip expectations for the Bank of England to even begin considering raising interest rates....

POUND STERLING The Pound has moved forward against the other majors following the release of figures which showed that UK Retail Sales had unexpectedly grown in June. However, support for Sterling may be short-lived following yesterday’s dovish Bank of England Minutes. NEAR-TERM OUTLOOK – NEUTRAL. US DOLLAR – The Pound Dollar...

POUND STERLING The release of the minutes of July’s Bank of England Monetary Policy Committee meeting has caused selling pressure on the Pound. The minutes predicted a softening in UK economic activity in the third quarter and went on to call for the committee to consider further UK quantitative easing if there were further signs of...