Pound Singapore Dollar forecast - GBP SGD

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...

The POUND STERLING has jumped in value on the day, following UK employment data which showed that the number of unemployed in Britain had unexpectedly dropped back to 2.65m last month. This morning’s Bank of England minutes, which showed that only one member of the nine-man MPC had voted in favour of an extension to the Bank’s QE...

Today brought two pieces of particularly ugly news for the POUND STERLING, with the release of more poor UK housing sector data and a report by the OECD which forecasted that the UK’s economy would slump back into recession in the first three months of 2012. This sees Sterling trading with a NEUTRAL bias, as investors were already...

Last night’s nationwide Consumer Confidence survey for February hurt the POUND STERLING, showing a drop-off in sentiment from the month before. Next Wednesday’s finalised Q4 GDP Growth data for the UK economy is the next risk event of note for the GBP, meaning that Sterling heads into next week on a NEUTRAL footing. Some positive...

This morning’s figures, which showed a sharp monthly drop in UK Industrial Production in January, have held back the POUND STERLING on the day. Apart from the Industrial Production data, the main interest on the day for clients holding Sterling-denominated assets, came from British Manufacturing data, which came in much as per expectations,...

Today’s session started positively for the POUND STERLING, with the release of better than anticipated UK Retail Sales data for January. The annualised figure printed at 2.0% versus expectations of a growth in shop sales of only 0.6%, raising investor’s expectations that the Bank of England will have to raise British interest rates sooner...

POUND STERLING A day of two halves for the Pound – this morning’s Nationwide House Price survey disappointed, showing a far lower annualised growth in prices than had been anticipated. On the upside, the PMI Manufacturing survey, also released this morning, showed that Britain’s manufacturing sector returned to growth last month....

The Pound Euro exchange rate GBP EUR is trading at 1.19946, trading up 0.25%. The Pound Dollar exchange rate GBP USD is trading at 1.53411, trading down 0.08%. The Euro Dollar exchange rate EUR USD is trading at 1.28209, down 0.31%. The Euro Sterling rate EUR GBP is trading at 0.83572, down 0.24%. The Pound Euro exchange rate has gained...