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Daily Exchange Rate Forecasts & Currency News

Euro Forecast Directory - Page #286

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

Official Confirms That EC and ECB Are Drawing Up Plans For Greece?s Eurozone Exit, Yet GBP EUR Rate Drops

21 May 2012 at 9 AM - Written by James Fuller

The ongoing crisis in the debt-stricken eurozone is increasingly resembling the final throes of the Roman empire, as the edifice of ‘political union’ crumbles in a wash of subterfuge and rumour. Market whispers abounded late on Friday that German Chancellor Angela Merkel had urged Greek President Karolos Papoulias to hold a referendum...

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Spanish Bond Yields Soar As Investors Fear Hard Default By Greece

18 May 2012 at 9 AM - Written by Frank Davies

In global bond markets and in Europe’s debating chambers alike, the discord continues. Yesterday’s session saw the yields which debt-addled Iberian giant Spain pays on its government bills spiral to their highest levels for some time. The interest rate which the country is paying on its bonds with a maturity date of January 2015 jumped...

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Australian and New Zealand Dollars Weaken Again As Bank of England Slashes UK Growth Forecast

17 May 2012 at 9 AM - Written by Minesh Chaudhari

The Bank of England Governor Mervyn King called an instant halt to the Pound’s recent bull-run in the currency markets during yesterday’s session, when he announced that the Bank was slashing its UK growth forecast for 2012 by a third, from the previous 1.2% to a paltry 0.8%. King blamed the announcement on the threat to the British...

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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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