Pound Rupee forecast - GBP INR

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...

The Bank of England MPC left UK interest rates on hold and chose not to extend the bank’s QE scheme earlier today. Sterling has traded on a NEUTRAL footing since the announcement, a situation which is likely to continue until the weekend close, as long as tomorrow morning’s UK Industrial and Manufacturing Production numbers do not weigh...

POUND STERLING The latest UK Nationwide Consumer Confidence Survey, released overnight, significantly bettered expectations, providing a fillip for the Pound. That apart, it was a slow day for UK data releases – tomorrow’s UK Retail Sales figures for January may change all that. NEAR-TERM OUTLOOK – NEUTRAL. US DOLLAR – The...

POUND STERLING Sterling has traded with a slight positive bias against the other majors during today’s session. This morning’s UK PMI Construction data for December considerably bettered analyst’s expectations, helping the Pound. Tomorrow’s PMI Services sector survey has been market-moving in recent months, so should be...

POUND STERLING The Pound has been well-bid during this afternoon’s session, following the Chancellor of the Exchequer’s autumn statement, which featured announcements of a cap on public sector pay rises and downgrades to UK growth forecasts. The markets have responded well to Osbornes’ continued focus on ‘sound money’. NEAR...

The Pound Rupee exchange rate GBP INR is trading at 82.163. The Euro Rupee exchange rate EUR INR is trading at 71.001. The Dollar Rupee exchange rate USD INR is trading at 52.431. The Dirham Rupee rate AED INR is trading at 14.292. The Indian Rupee INR continues to fall against the major currencies and has hit an all time low against the...

POUND STERLING This morning’s Halifax House Price survey was only risk event of note in the UK today. The survey helped the Pound, coming out slightly better than had been anticipated. Thursday’s Bank of England Monetary Policy announcement provides the highlight of a quiet week for the Pound. However, the Bank’s MPC is unlikely to...

POUND STERLING With no data releases of note in the UK today, the Pound was left to trade to technical levels with the other majors, with movements in the EUR/USD pair determining levels on GBP EUR and GBP USD. Tomorrow morning’s Public Sector Borrowing figures may provide renewed direction for Sterling. NEAR-TERM OUTLOOK – NEUTRAL....