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Euro Forecast Directory - Page #302

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

Foreign Exchange Rates - GBP/EUR Down While USD Remains Under Pressure

4 Mar 2011 at 6 AM - Written by John Cameron

STORY LINK Foreign Exchange Rates - GBP/EUR Down While USD Remains Under Pressure

The Pound Dollar exchange rate (GBP/USD) is 1.6260 at present and the Pound Euro exchange rate (GBP/EUR) is 1.1640. GBP/EUR started yesterday’s European session trading just above 1.1790 and had touched 1.1649 before the end of the North American session. It is currently holding marginally below the key 1.1650 level. The next support...

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Exchange Rate Predictions - GBP, EUR, USD, JPY, NOK, INR

3 Mar 2011 at 3 PM - Written by John Cameron

STORY LINK Exchange Rate Predictions - GBP, EUR, USD, JPY, NOK, INR

POUND STERLING The Pound opened the day on the back foot with the release of worse-than-expected Service Sector results. It struggled to recover throughout the session and in the absence of any further data for the remainder of the week, is likely to continue to trend downwards. Next week’s bank of England Interest Rate announcement is...

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Morning Foreign Currency Insight : Outlook For GBP/EUR is Negative as EUR Expected to Gain on Trichet?s Comments

3 Mar 2011 at 7 AM - Written by John Cameron

STORY LINK Morning Foreign Currency Insight : Outlook For GBP/EUR is Negative as EUR Expected to Gain on Trichet?s Comments

The GBP/EUR pair traded in a tight range yesterday ahead of a busy day for Eurozone data today, hitting a high of 1.1815 but only testing 1.1759 on the downside. The centrepiece release for today comes at 1245hrs GMT when the European Central Bank announces its interest rate decision for March. Analysts are expecting the key lending rate...

CATEGORIES: Daily Currency Updates Euro Forecasts Pound Euro Forecasts Pound St Forecasts

Exchange Rate Predictions - GBP, EUR, USD, CHF, AED, HKD

2 Mar 2011 at 4 PM - Written by John Cameron

STORY LINK Exchange Rate Predictions - GBP, EUR, USD, CHF, AED, HKD

POUND STERLING The Pound lost some ground in yesterday’s session due to dovish comments from Mervyn King. This morning’s PMI Construction sector figure came out significantly better than expected in February, helping to fuel speculation that the real economy in the UK is waking from its slumber. However, the chances of a rate hike in...

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Morning Foreign Exchange Report : Oil Prices Edge Lower and Appetite for Risk Strenthens

28 Feb 2011 at 6 AM - Written by John Cameron

STORY LINK Morning Foreign Exchange Report : Oil Prices Edge Lower and Appetite for Risk Strenthens

Wholesale crude oil prices edged downwards during Friday’s session, having touched 30-month highs on Thursday. Political instability in North Africa had caused crude to rally, but the bidding pressure eased on Friday following comments from Saudi Arabian officials suggesting that they would be expanding oil production, perhaps by as much as...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts Jap Forecasts

Foreign Exchange Rates : Currency Predictions - GBP, EUR, USD, NOK, SGD, CHF

25 Feb 2011 at 4 PM - Written by John Cameron

STORY LINK Foreign Exchange Rates : Currency Predictions - GBP, EUR, USD, NOK, SGD, CHF

POUND STERLING The Pound took a hammering in the markets today as the Q4 GDP Figure was revised downwards from an initial estimate of -0.5% to -0.6%. Analysts had expected the figure to show an improvement following hints in the Bank of England MPC Minutes for February’s MPC meeting. Futures markets have downwardly revised UK interest...

CATEGORIES: American Dollar Forecasts Currency Predictions Euro Forecasts Norwe Forecasts

Morning Foreign Exchange Report : Stock Markets Continue to Fall, but US Dollar Weakens

24 Feb 2011 at 7 AM - Written by John Cameron

STORY LINK Morning Foreign Exchange Report : Stock Markets Continue to Fall, but US Dollar Weakens

With Libyan authorities continuing to use violence to suppress pro-democracy demonstrators, an end to the insurgence in the Arab state looks to be some way off. The situation continues to drive wholesale oil prices to new near-term highs, with analysts estimating that unrest in Libya has caused a loss of production of around one million...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts Pou Forecasts

Foreign Exchange Rates: Currency Predictions - GBP, EUR, USD, NOK, TRY, AED

23 Feb 2011 at 4 PM - Written by John Cameron

STORY LINK Foreign Exchange Rates: Currency Predictions - GBP, EUR, USD, NOK, TRY, AED

POUND STERLING Minutes of the Bank of England’s February meeting, released earlier today, revealed that three of the nine member committee voted for a hike in the central bank rate of interest. The minutes also suggested that the six members who voted to maintain rates at their current record low of 0.5% might reconsider their decision...

CATEGORIES: American Dollar Forecasts Currency Predictions Euro Forecasts Norwe Forecasts

Currency Report : Bank of England Minutes See Sterling Exchange Rate Hold Steady

23 Feb 2011 at 12 PM - Written by John Cameron

STORY LINK Currency Report : Bank of England Minutes See Sterling Exchange Rate Hold Steady

Minutes of the Bank of England’s February Monetary Policy Committee meeting, released earlier today, showed that the UK’s Central Bank is gradually edging closer to raising interest rates. Three members of the nine man committee voted for a rate hike, as Spencer Dale, the Bank’s Chief Economist, joined members Andrew Sentance and Martin...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts Pound Sterling Forecasts

Foreign Exchange Rates: Currency Predictions - GBP, EUR, USD, NZD, JPY, ZAR

22 Feb 2011 at 5 PM - Written by John Cameron

STORY LINK Foreign Exchange Rates: Currency Predictions - GBP, EUR, USD, NZD, JPY, ZAR

POUND STERLING The Pound continues to trade sideways against other majors as investors wait for tomorrow’s Bank of England Minutes of the February MPC meeting to be released. If the minutes show that only two MPC members voted for a rate hike at the last meeting, the Pound may lose ground. If four members favoured a tightening of...

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