Pound Dollar forecast - GBP USD

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...

Last Friday’s session saw the IMF weigh into the argument on whether now is the time for the Federal Reserve to begin reducing down the $85bn per month which it continues to pump into its Quantitative Easing programme. The austere body issued a warning to US policymakers that the massive cuts to its Federal budget which President...

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...

The POUND STERLING ended last week’s session on a steady footing. A light week for UK data releases this week ensures that tomorrow afternoon’s NIESR quarterly GDP growth estimate for the three months to the end of May takes on added significance. Investors holding Sterling-denominated assets will be looking for a figure of close to or...