Pound Rupee forecast - GBP INR

The EURO suffered a pronounced wobble earlier today when France’s Labour Minister described his nation as ‘totally bankrupted’. French Finance Minister Pierre Moscovici tried to cool the situation by describing his state as ‘totally solvent’, but some reputational damage had already been done. The Pound Euro exchange rate (Currency...

Once again, data regarding the eurozone’s real economy determined price action for the single currency during today’s session. German GDP data, out first thing, disappointed and whole-of-eurozone data, out later this morning came out as per expectations. Overall, the figures were slightly EURO-negative, sending the GBP EUR exchange rate...

Indian Rupee forecast: The Rupee has risen by 20 paise against the US Dollar and closed at 55.11 in the Asian markets. The rise comes after a fresh bout of selling of the US currency by exporters ahead of today’s congressional hearing of the Federal Reserve. Traders will be keeping a close eye on this evenings meeting and will be seeking...

The Indian Rupee has posted its biggest daily gain for three years today after the Indian government confirmed that it will impose retroactive taxes on foreign investors and the positive news out of the European summit in Brussels calmed market nerves. Despite the gains, the rupee has posted its worst quarter in at least 17 years having first...

There was further bad news for the euro earlier today when the latest ZEW Sentiment Survey in Germany showed at a dramatically lower level than had been anticipated. The general feeling amongst analysts is that the single currency will be ‘OK’ as long as Germany continues to prosper, so the release was particularly damaging for the euro,...

Last night’s news that the bank of England is set to introduce two separate stimulus measures aimed at increasing liquidity in the UK’s banking sector sent Europe’s bourses and the FTSE 100 higher during this morning’s session. However, the Sterling-positive development was tempered by worrying British trade data which revealed that...

There was further cause for concern for the euro today, as shares in Spain’s fourth biggest bank, were suspended on the Spanish stock market. Fears are mounting for the eurozone’s retail banking sector, following reports in recent weeks of eight figure sums being withdrawn from Greek banks by account holders concerned that the Hellenic...

The EURO has experienced renewed downside pressure during this afternoon’s European session, following comments from Spanish Prime Minister Mariano Rajoy which suggested that he thinks that there is a strong possibility that Greece will leave the euro. Rajoy’s words took the GBP EUR exchange rate to 1.2462 and the single currency is...

This morning’s German ZEW Sentiment Survey beat expectations, proving some positive news for the EURO. A strong uptake for Spanish treasury bills at today’s auction also helped steady investors’ frayed nerves. The GBP EUR exchange rate currently stands at 1.2147 and the single currency is expected to trade on a NEUTRAL footing in the...

This morning’s CBI Reported Sales figures in the UK beat expectations, providing a fair wind for the POUND STERLING early on. The Pound currently trades on a NEUTRAL TO POSITIVE footing ahead of tomorrow’s final UK GDP figures for Q4 of 2011. If these growth numbers show an annualised expansion of over the previous estimate of 0.7%, then...