Pound Lira forecast - GBP TRY

A press release from leading credit ratings agency Moody’s Investor Services, released during Friday’s session, spelled good news for Turkey and for the Turkish Lira. Moody’s announced that they had upgraded their credit rating of the Mediterranean nation’s sovereign debt to Baa3. The move means that Turkish bonds are now considered...

The dark days continue for the euro. This morning’s German PMI survey revealed that the rate of growth in the European powerhouse economy’s services sector is slowing. More worrying, the country’s PMI manufacturing survey showed that Germany’s manufacturing base is in contraction. Matters got worse for the single currency later in...

Yesterday’s concerns over Spain’s fiscal position have threatened to escalate into all-out fear during today’s session, as the yields on the debt-addled Iberian state’s benchmark 10-year bills rose to 6.7%, perilously close to the 7%-plus danger zone. Meanwhile, the interest rate paid by Germany on its bonds, which act as a safe-haven...

The EURO has been downsold once again in the markets today. Market participants have shunned the single currency thanks to concerns over rising Spanish bond yields and ongoing uncertainty regarding the future make-up of Greece’s government. This has taken the GBP EUR exchange rate as high as 1.2555 on the day. The euro is expected to trade...

A strong showing for yesterday morning’s UK Retail Sales numbers, sent the POUND STERLING sharply higher in early trading. The Pound gave up some of these gains as yesterday’s European session progressed, thanks to profit-taking from speculators, but it’s still been an encouraging week for investors holding Sterling-denominated assets....

There was little in the way of tier one data to trigger a move for the POUND STERLING during today’s session. This morning’s PMI Manufacturing sector survey provided grounds for encouragement, printing at a higher level than had been expected, seeing Sterling outperform all of the other majors, with the exception of the Canadian Dollar...

The POUND STERLING has performed strongly on the day, thanks to this morning’s UK trade figures, which showed that the Britain’s trade deficit was narrower than anticipated in January. It is expected that tomorrow’s UK labour market data will show a reduced number of new jobless claims in the British economy in February, so Sterling is...

This morning’s UK Public Sector Borrowing figures showed that the British government managed to payback almost £8bn of the UK’s national debt last month – news that is likely to play well with investors. STERLING is expected to trade with a NEUTRAL bias until the release of this month’s Bank of England minutes tomorrow...

The Pound Euro exchange rate GBP EUR is trading at 1.19103, up 0.26%. The Pound Dollar exchange rate GBP USD is trading at 1.58121, down 046%. The Pound Australian Dollar exchange rate GBP AUD is trading at 1.47474, up 0.42%. The Pound New Zealand Dollar currency rate GBP NZD is trading at 1.89789, up 0.22%. The Sterling Swiss Franc rate GBP...

POUND STERLING This morning’s UK PMI Services sector survey printed at a higher than expected level, showing that Britain’s key service sector is expanding at its fastest rate for almost a year. However, this positive news was cancelled out by a report from a widely-respected think tank – the NIESR, which predicted that the UK’s...