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Lloyds Upgrade Pound Sterling Forecasts vs. Euro, Dollar but Downgrade for 2018

Lloyds Upgrade Pound Sterling Forecasts vs. Euro, Dollar but Downgrade for 2018


Economists at Lloyds Bank have upgraded their end-2017 forecasts for Pound Sterling but have cut estimates for 2018 and beyond, while also remaining cautious in their projections for UK interest rates.

Euro

Pound to Euro Latest

1.1236▼

-0.1%

Previous Close:

1.1248

Today's High:

1.1291

Today's Low:

1.1207

US Dollar

Pound to US Dollar Latest

1.3252▼

-0.26%

Previous Close:

1.3287

Today's High:

1.3311

Today's Low:

1.3227

Australian Dollar

Pound to Australian Dollar Latest

1.687▲

0.11%

Previous Close:

1.6852

Today's High:

1.6912

Today's Low:

1.6838

New Zealand Dollar

Pound to New Zealand Dollar Latest

1.8427▼

-0.47%

Previous Close:

1.8513

Today's High:

1.8537

Today's Low:

1.8372

South African Rand

Pound to South African Rand Latest

17.6551▲

0.11%

Previous Close:

17.6351

Today's High:

17.7526

Today's Low:

17.5896

Canadian Dollar

Pound to Canadian Dollar Latest

1.6583▲

0.01%

Previous Close:

1.6581

Today's High:

1.6683

Today's Low:

1.6556

Latest British Pound News

GBP LIVE TODAY

Pound Sterling Higher as 'Bad Brexit' in the Price, FX Traders Digest News of May’s Brexit…

16 October, 2017 |

Pound Sterling was seen moving higher at the start of the new week as London markets took the reins from Asia.

GBP LIVE TODAY

Lloyds Upgrade Pound Sterling Forecasts vs. Euro, Dollar but Downgrade for 2018

16 October, 2017 |

Economists at Lloyds Bank have upgraded their end-2017 forecasts for Pound Sterling but have cut estimates for 2018 and beyond, while also remaining cautious in their projections for UK interest rates.

GBP LIVE TODAY

Pound in Strong Comeback vs. Dollar, Euro on Report EU to Offer Two-Year Transition Period…

12 October, 2017 |

Pound Sterling performed a spectacular comeback against major currencies on reports the European Union are looking to offer the UK a two-year transition period.

GBP LIVE TODAY

Pound Sterling Dips on Brexit 'Deadlock' but Barnier sees Brexit Negotiation Breakthrough …

12 October, 2017 |

The Pound’s initial response to the outcome of the fifth round of Brexit negotiations between the European Union and United Kingdom was negative with little significant progress being announced.

GBP/EUR: News and Forecasts

EUR

Strategy: Buy Pound Sterling, Sell the Euro says IG's Mahony

16 October, 2017 |

Analyst Joshua Mahony at spread-betting providers IG issues a short-term trade idea that seeks to profit on a rise in value in the Pound against the Euro.

EUR

Pound Sterling vs. Euro 5-Day Outlook: Important Week of Data Releases: Here are the Numbe…

15 October, 2017 |

A key set of data releases will determine travel in Pound Sterling in the week commencing October 16 with earnings on Wednesday forming the highlight.

EUR

Euro Set to Rise Again say Crédit Agricole

12 October, 2017 |

The Euro is set to rise after temporarily trading lower due to political risk factors, say's Crédit Agricole's Head of G10 FX Strategy, Valentin Marinov.

EUR

3% Decline in British Pound vs. Euro by Year-End Warn SEB as they Perform an U-turn on Pre…

12 October, 2017 |

“Given a more negative view of Brexit talks, an increased risk premium on the GBP is reasonable" - say S.E.B. justifying decision to reverse forecast upgrade made in September.

GBP/USD: News and Forecasts

USD

GBP/USD: Is this a Recovery or Not?

16 October, 2017 |

The Pound-to-Dollar has been rising since making a low at the start of October, we analyse the views surrounding this move and the current market structure in an effort to determine whether it is likely to extend or not.

USD

Pound-to-Dollar Rate Predicted to Extend Short-Term Advance, but an Heavy Data Calendar Co…

15 October, 2017 |

The Pound heads into the new week from a position of advantage against the US Dollar with a 1.69% gain having been recorded in the previous week.

USD

Pound-to-Dollar: The Fed Chair Question Is Now The Dollar’s Kingmaker

13 October, 2017 |

The question mark over who will lead the US central bank from 2018 is now kingmaker for the US Dollar. Here’s what the debate and each of the respective candidates could mean for Pound-to-Dollar buyers. 

USD

Pound-to-Dollar Rate Advances as US Inflation, Retail Sales Surprises on the Downside

13 October, 2017 |

Markets have been pricing a near 80% chance of a Federal Reserve rate hike in December, despite persistent downward pressure on inflation. Friday's data could mean markets may now begin to question the wisdom of the Fed going ahead with a rate hike.

EUR/USD: News and Forecasts

Euro to Dollar

The Euro-to-Dollar Rate's Week-Ahead Technical Forecast: Looking Bullish, Inflation Data D…

15 October, 2017 |

The EUR/USD exchange rate has been rising up within a channel and looks poised to breakout even higher over the next five days.

Euro to Dollar

Euro-to-Dollar Rate Recovers as Catalans Relent, Trump Spat Threatens Dollar

11 October, 2017 |

The Euro-US Dollar is recovering after a move lower in the first half of October, but can the recovery survive and prosper back above 1.2000 or might political uncertainty push the Euro back down again?

Euro to Dollar

Euro-to-Dollar Rate Outlook: Hammer Candlestick not Enough to Suggest "Buyers are Bac…

09 October, 2017 |

There is a chance the Euro-to-US Dollar pair may be about to turn and move higher, says Forex.com’s Fawad Razaqzada.

Euro to Dollar

Euro-to-US Dollar: Forecast, News and Events Over the Next Five Days

01 October, 2017 |

Political machinations in Europe and labour data in the US are likely to be the primary drivers of the Euro to US Dollar pair in the coming week.

GBP/AUD: News and Forecasts

AUD

Pound Looks Vulnerable vs. Australian Dollar on the Charts, but Heavy Data Calendar Could …

15 October, 2017 |

The Pound is struggling to make headway against the Australian Dollar in current currency market conditions and we are inclined to expect further declines in GBP/AUD over coming days.

AUD

Strategists Maintain Expectations for Australian Dollar Weakness

13 October, 2017 |

AUD/USD could see the most downside of all, although a lower risk trade for speculators is to short the Aussie against emerging market currencies, according to Deutsche Bank strategists. 

AUD

Pound vs. Australian Dollar: Studies Sugest GBP/AUD Could be About to Turn Lower

13 October, 2017 |

The Pound-to-Australian Dollar may be forming a bearish topping pattern which could see the pair fall with 1.63 identified as an immediate target.

AUD

Pound vs. Australian Dollar: The Rate Could be About to Break Higher

11 October, 2017 |

The Pound-to-Australian Dollar has risen up to a key watershed level on the chart at a major multi-month trendline, and for holders of Pounds this provides a tantalizing opportunity to wait for a potentially much better exchange rate - but only if the pair breaks higher.

GBP/NZD: News and Forecasts

NZD

New Zealand Dollar Rises Although Jury Is Still Out On Coalition Talks

16 October, 2017 |

Market’s have feared a New Zealand Firat, Labour, and Green Party coalition the most so one possible reason behind the Dollar’s move higher is the shift in focus of talks to bring Bill English’s National party back into the spotlight.   

NZD

New Zealand Dollar Tipped to 'Break Out', Shape of Next Government Might be the Trigger

11 October, 2017 |

With charts coloured a decidedly bearish tint and high event risk on the horizon in the form of the eventual cast of the next New Zealand government, the New Zealand Dollar could be about to make some volatile moves.

NZD

Political Uncertainty Set To Continue Weighing On The New Zealand Dollar After Peters' Del…

11 October, 2017 |

  “We have got a few logistical thing to work out but as soon as possible after [Thursday night]," says Winston Peters, New Zealand First leader.

NZD

5-Day Pound-to-New Zealand Dollar Forecast: Technicals Suggest Weakness, Politics Suggest …

08 October, 2017 |

New Zealand coalition talks are likely to keep the GBP/NZD exchange rate supported over the course of the coming week but beware a swift resolution to New Zealand political uncertainty.

GBP/CAD: News and Forecasts

CAD

The Canadian Dollar Slips as Bank of Canada Outlook Survey Points to Peak in Economic Acti…

16 October, 2017 |

The Canadian Dollar was seen lower after a key survey of Canadian economic strength suggests activity might have peaked.

CAD

Pound-to-Canadian Dollar Rate: 5-Day Forecast, Events and Data to Watch

16 October, 2017 |

The starts the new week buying 1.6581 Canadian Dollars on the spot at the time of writing, having opened the week at C$1.6580 thanks to the decent 1.18% gain made in the previous week.

CAD

Trudeau's Asprin Can't Kill the Canadian Dollar's NAFTA Headache

12 October, 2017 |

The Canadian Dollar has been the best performing currency over the last 24-hours but short-term strength belies longer-term risks, particularly from volatile trade relations with America.

CAD

Trader Despair as Pound-to-Canadian Dollar Rate Switches Direction Yet Again

11 October, 2017 |

The Pound-to-Canadian Dollar must be causing traders a headache as it has changed direction once again.

GBP/ZAR: News and Forecasts

ZAR

Rand up 1% as Prosecutors Cleared to Pursue Zuma Over Graft

13 October, 2017 |

The South African Rand jumped against its peers ahead of the weekend after the Supreme Court of Appeal rejected the South African president’s attempt to avoid corruption charges.

ZAR

Strategists Stay Short South African Rand As Pressures Mount And Ratings Agencies Loom

12 October, 2017 |

Careful structuring of October's budget statement may help South Africa to avoid a ratings downgrade this year, but fiscal pressures and politics may threaten its investment grade status in 2018.  

ZAR

Dog Days for the South African Rand

09 October, 2017 |

The charts foretell of more weakness for the Rand; its attractiveness to investors has been brought into question by an increasingly risky political and economic backdrop, and it is falling due to an inverted relationship to the strengthening Dollar.

ZAR

Key 17.99 Level Holds As Charts Hint Pound Rises Versus Rand

03 October, 2017 |

The Pound-to-Rand retains a bullish bid as markets fail to break lower.