Currency News

Daily Exchange Rate Forecasts & Currency News

Euro Forecast Directory - Page #280

A round up of the latest Euro forecast news items from the Currency News desk.

Pound Euro Exchange Rate Spirals As Greece Heads For Second General Election

16 May 2012 at 9 AM - Written by Tim Boyer

Yesterday morning’s European session offered a timely reminder of why a significant proportion of the global investment community are still willing to hold euro-denominated assets, when the region’s leading economic power, Germany, released its latest GDP growth data. The figures revealed that German economic activity had expanded by an...

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Pound Euro Exchange Rate Breaches 1.2500 For First Time Since 2008 As Greek Debt Fears Heighten

15 May 2012 at 9 AM - Written by David Woodsmith

The ongoing soap opera which is the Greek debt crisis took several twists and turns during yesterday’s session in the markets. The most significant development on the day came in the form of an announcement from the leaders of the ‘socialist light’ Democratic Left party which revealed that they would not enter into any coalition...

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Pound Euro Exchange Rate Could Head Higher Following Bank of England Decision to Keep QE On Hold

11 May 2012 at 9 AM - Written by Minesh Chaudhari

Sterling received a significant boost in the middle part of yesterday’s session, as the Bank of England announced that it would not be altering the UK’s monetary policy. The gains which followed the statement suggested that a significant proportion of market participants had been factoring-in an extension to the Bank’s existing £325bn...

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Daily Exchange Rate Forecasts For The Pound Sterling, Euro, US Dollar and Singapore Dollar

10 May 2012 at 6 PM - Written by David Woodsmith

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...

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Sterling Euro Exchange Rate Spirals To 42-Month High As Anti-Austerity Parties Make Gains In Greek Elections And France Elects Pro-Growth President

8 May 2012 at 9 AM - Written by James Fuller

Political upheaval in mainland Europe has had a dramatic effect on the currency markets since they re-opened on Sunday night. The French people voted in favour of Francois Hollande to be their new head of state on Sunday, leaving the country’s erstwhile President Nicolas Sarkozy adrift in the political wilderness. The Socialist candidate...

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Sterling Euro Rate Dips As ECB Talks Down Interest Rate Cut

4 May 2012 at 9 AM - Written by Ben Hughes

As ever, the future direction of interest rates was never far from the minds of currency market participants during yesterday’s session. European Central Bank President Mario Draghi’s press conference, which followed the ECB’s announcement that it is maintaining its key lending rate at 1.00%, was generally judged to have been...

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Pound Euro Exchange Rate Spirals As Investors Take Fright At French and Dutch Political Impasses

24 Apr 2012 at 9 AM - Written by Ben Hughes

Like the fabled damn which springs leaks at a rate which the boy in the myth can not keep up with, the eurozone appears to be generating problems which are too many and varied for it to handle. The signs at the end of last week were that Spain’s debt problems were easing, as the yield on 10-year Spanish bonds headed lower following...

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Exchange Rate Forecasts For GBP, USD, EUR and TRY

21 Apr 2012 at 10 AM - Written by John Cameron

A strong showing for yesterday morning’s UK Retail Sales numbers, sent the POUND STERLING sharply higher in early trading. The Pound gave up some of these gains as yesterday’s European session progressed, thanks to profit-taking from speculators, but it’s still been an encouraging week for investors holding Sterling-denominated assets....

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Euro Fails To Strengthen In Spite Of Strong Spanish Bond Uptake, As Italy Slashes 2012 Growth Forecast

20 Apr 2012 at 9 AM - Written by Toni Johnson

Yesterday’s session brought relief for global investors as the latest Spanish debt auction saw a strong uptake for the troubled Iberian state’s government bonds. The Spanish treasury had been attempting to shift €2.5bn of its gilts, but managed to sell some €2.54bn worth of debt at significantly reduced yields. The rate of interest...

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Pound Rallies To A New 19-Month High Against The Euro Following Strong UK Employment Data And BoE Minutes

19 Apr 2012 at 9 AM - Written by David Woodsmith

Investors holding Sterling had been waiting a long time for a strong piece of data to emanate from the UK economy, then yesterday morning two encouraging releases came along at the same time. The Bank of England minutes for April’s meeting caught many analysts on the back foot when they revealed that only one member of the nine-man...

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