Pound Singapore Dollar forecast - GBP SGD

Last night’s Chinese Trade Balance data made for interesting reading for investors holding an array of different currencies. The import / export numbers from the world’s second-largest economy painted a decidedly mixed picture. On the debit side, last month’s Chinese import figures showed a marked drop-off in comparison with...

The POUND STERLING should have recorded gains today, following the news that the Bank of England’s monetary policy committee decided against any further loosening of the UK’s domestic monetary policy. The fact that Sterling has lost ground against the euro, Australian and Kiwi Dollars is indicative of the negative sentiment surrounding...

Today’s session started on a positive note for the POUND STERLING, with the release of a stronger than anticipated UK PMI Manufacturing survey for August. Although the survey considerably bettered expectations, it showed that Britain’s manufacturing sector is still contracting. Hardly great news for the Pound ahead of Thursday’s Bank of...

Today proved to be a ‘good news’ day for the POUND STERLING following the release of the latest British unemployment figures which revealed that the number of unemployed in Britain had dropped to 2.56m in the second quarter of this year. The Sterling-positive mood was added to by the release of the latest Bank of England minutes which...

One risk event dominated all others in the currency markets during today’s session – the fallout from yesterday’s general election in Greece. Although considerable uncertainty remains amongst the investment community, one thing appears clear – Greece will not be leaving the euro, in the near-term, at least. With exit polls in the...

Today’s session in the currency markets has been marked by a paucity of data releases, due to a public holiday in most parts of the Western world. This has meant that stock market movements have had a key bearing on price action for most of the major pairs. Gains for Asian indices overnight have ensured that levels for the US Dollar slipped...

Once again, the euro has hogged the currency market headlines on the day. This time, it was the voice of a ghost from the past which haunted the single currency, as former Greek Prime Minister Lucas Papademos stated that he believed that the troubled Hellenic state was making practical arrangements to leave the eurozone. This has seen share...

The Pound has performed poorly on the day following the release of disappointing UK housing market numbers from Rightmove, which showed that British property prices remained static last month. The UK economy badly needs its housing market to start pushing forward once again in order to kick-start an all-around improvement. At this stage,...

The POUND STERLING has experienced a wave of support in the currency markets this afternoon following the Bank of England’s lunchtime announcement that it will be keeping British interest rates on hold and will not be extending the £325bn already allocated to it QE scheme. Better than anticipated UK Industrial Production and Manufacturing...

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...