Pound Yen forecast - GBP JPY

The US DOLLAR has been the major winner on the day as institutional investors continue to shun equities and move into safe havens. This has taken the GBP USD exchange rate down to 1.5792. There could be further upside to come for the Greenback, as this afternoon’s US labour market data disappointed. This means that the USD heads into...

The EURO has enjoyed a steady day, which is good news following the heavy losses which it has incurred at times during the last few weeks. The single currency has been supported by Spanish GDP data, released this morning, which revealed that the troubled Iberian economy contracted by a smaller amount than had been anticipated in Q1. The...

The Bank of England maintained its current policy stance earlier today, meaning that UK interest rates remain on hold at their record low of 0.50% and there is no extension to the Bank’s QE scheme. The POUND STERLING heads towards Easter on a NEUTRAL TO POSITIVE footing in spite of weak manufacturing sector data released earlier...

The POUND STERLING fared well on a day which was extremely light on risk events. However, in the absence of any negative data releases, the Pound performed with credit. The GBP is expected to perform with a NEUTRAL TO POSITIVE bias in the near-term, in anticipation of a business-friendly budget statement from Chancellor George Osborne on...

The POUND STERLING held up relatively well against the other major currencies on the day. A better than anticipated CBI Reported Sales figure provided a fair wind for the Pound. However, tomorrow morning’s UK Mortgage Approvals numbers for January may not provide much encouragement for Sterling, given the generally soft nature of recent...

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 Investors needing to buy or sell the Pound sat on their hands during today’s session ahead of tomorrow’s packed schedule of data releases. Positive UK Trade Balance numbers for December and a freezing of the UK’s QE programme by the Bank of England’s MPC could see Sterling gaining ground once again. NEAR-TERM...

The Pound Euro exchange rate (GBP EUR) is 1.1970. The Pound Dollar exchange rate (GBP USD) is 1.5606. The Pound Australian Dollar exchange rate (GBP AUD) is 1.4814. Yesterday’s session was marked by a doom-laden statement from the IMF regarding the future prospects of the world’s economy. It wasn’t the first time in recent months...

POUND STERLING There was more cause for concern for Britain’s real economy today, following the release of the latest UK government unemployment statistics. The figures showed an increase in the British jobless total of 118,000 in the three months to the end of November last year, suggesting that the government’s austerity measures...

POUND STERLING UK trade data, released earlier today, showed that the relatively weak state of Sterling has helped UK exports. The value of UK exports in October hit a record level. However, the Pound has failed to make up any significant ground as investors fret over Britain’s future position in Europe following Prime Minister David...