Dollar Pound forecast page 53 - USD GBP

Futures Traders see 73.6% Chance of a December Federal Reserve interest rate hike The US provides the lion’s share of this week’s data highlights in the global currency markets, with tomorrow’s session being particularly stacked with tier one releases. Global FX traders are already on edge, given last week’s heavy hints from...

UK Mortgage Lending Reaches Highest Level since 2008 The Bank of England (BoE) has taken steps over the past two years to curb a potential property price bubble which threatens to hamper Britain’s nascent economic recovery. Measures taken by the BoE to stop retail banks from giving ‘risky’ loans secured against properties have...

GBP to USD Conversion Rate Slumped in Late Trade Yesterday following Hawkish FOMC Minutes Last night’s minutes of October’s Federal Reserve FOMC monetary policy meeting proved to be more bullish on interest rates than had been anticipated and, initially at least, the US Dollar (currency : USD) benefitted. The US policy-setting...

Mixed US Housing Market Data Weighs on USD ahead of FOMC Minutes Conflicting housing market data out of the US this afternoon has triggered uncertainty amongst investors ahead of tonight’s Federal Reserve minutes. The first release of significance Stateside came in the form of the latest weekly Mortgage Approval data and the result...

Pound Sterling (GBP) Outlook Neutral to Positive after Core Inflation Bettered Estimates The POUND STERLING (currency : GBP) put in a strong performance against the other major currencies yesterday in spite of another set of official data pointing to deflation in the domestic economy. The result was not unexpected and a higher than...

Paris Attacks to Dictate Currency Market Trade Today, GBP Declines Movements for the Pound Sterling (currency : GBP) against the other sixteen most actively traded currencies will be played out against the tragic backdrop of Saturday's terrorist attack in Paris. Over 120 civilians lost their lives in a sustained assault from three...

Global Share Markets Extend Losses, GBP Cools on Rolls Royce Earnings Global share markets have continued the downward march which they began yesterday during today’s trading session, with London’s benchmark FTSE 100 index shedding over 1.0% of its value in early trading following a loss of almost 2.0% yesterday. The euroland’s...

Australian Dollar (AUD) Rallied Across the Board Following Unexpected Drop in Australian Unemployment The Australian Dollar (currency : AUD) enjoyed strong support in the markets during last night’s Asian session thanks to a far better than anticipated set of domestic jobs figures. The official statistics revealed that almost four...

OECD's Dovish Outlook sees AUD, NZD and ZAR Forecasts Altered The Organisation for Economic Co-operation and Development (OECD) is not ordinarily an outfit given to hyperbole, but comments from the austere establishment earlier this week bordered on hyperbole. The OECD’s report, which described the slowdown in global trade which has...

Pound Sterling (GBP) Rises after British Prime Ministers Outlines EU Relationship Reforms The Pound Sterling (currency : GBP) has recorded strong gains in the global currency markets during recent hours. The UK unit has been buoyed by this morning’s comments from British Prime Minister David Cameron regarding his nation’s demands...