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Pound Forecasts vs. Euro and Dollar Upgraded at JP Morgan but there’s a Catch

Pound Forecasts vs. Euro and Dollar Upgraded at JP Morgan but there’s a Catch


A restless Bank of England warrants tweaks to Sterling forecasts but, before readers get too excited, this is about as good as things get for the Pound according to the world’s largest investment bank.

Euro

Pound to Euro Latest

1.1103▼

-0.87%

Previous Close:

1.12

Today's High:

1.1202

Today's Low:

1.1093

US Dollar

Pound to US Dollar Latest

1.3152▼

-0.44%

Previous Close:

1.321

Today's High:

1.3228

Today's Low:

1.3133

Australian Dollar

Pound to Australian Dollar Latest

1.6698▼

-0.86%

Previous Close:

1.6844

Today's High:

1.685

Today's Low:

1.6686

New Zealand Dollar

Pound to New Zealand Dollar Latest

1.8711▲

1.32%

Previous Close:

1.8466

Today's High:

1.8803

Today's Low:

1.8433

South African Rand

Pound to South African Rand Latest

17.7636▼

-0.83%

Previous Close:

17.9128

Today's High:

17.9349

Today's Low:

17.7043

Canadian Dollar

Pound to Canadian Dollar Latest

1.6421▼

-0.29%

Previous Close:

1.6468

Today's High:

1.6483

Today's Low:

1.6384

Latest British Pound News

GBP LIVE TODAY

Pound Stays Under Pressure Vs Euro After Slide in September Retail Sales

19 October, 2017 |

Sterling is weaker after the release of Retail Sales statistics showed a massive decline in September sales, but a leading economist still thinks Bank of England (BOE) will hike rates.

GBP LIVE TODAY

Pound vs. Euro Dented By Retail Sales Fall - "Sufficient Progress" Hurdle In Fo…

19 October, 2017 |

A "No Deal" Brexit is looking increasingly likely but with the Pound having already fallen sharply during October, and a possible rate hike from the Bank of England just weeks away, some strategists say much of the bad news is already priced into markets.

GBP LIVE TODAY

Pound Sterling "Fails to Fly" on News UK Wages Grow 2.2%

18 October, 2017 |

Expectations for a Sterling-supportive reading from today's tranche of labour market data are low.

GBP LIVE TODAY

Pound Forecasts vs. Euro and Dollar Upgraded at JP Morgan but there’s a Catch

18 October, 2017 |

A restless Bank of England warrants tweaks to Sterling forecasts but, before readers get too excited, this is about as good as things get for the Pound according to the world’s largest investment bank.

GBP/EUR: News and Forecasts

EUR

Euro Hit As Traders Flee To Safe Haven Yen and Franc Amid Escalation of Catalan Independen…

19 October, 2017 |

With Spain setting its sights on the invocation of Article 155 the Catalan leader Carles Puigdemont has threatened to hold a vote in the regional assembly that could result in a unilateral declaration of independence

EUR

Euro Vs Dollar Will Rise After the Next European Central Bank Meeting, Says Société Généra…

19 October, 2017 |

The Euro will rise despite probable attempts by the European Central Bank (ECB's) to keep it down, says Société Générale's (SocGen's) Chief Global Strategist Kit Juckes, although other analysts don't agree.

EUR

Erosion of Euro Vs Dollar Uptrend Leaves Strategists Fearing Further Downside

18 October, 2017 |

The coming weeks will be critical, from a technical as well as fundamental perspective, to determining the Euro-to-Dollar pair’s medium term trajectory.

EUR

British Pound Can Still Go Higher vs. Euro say the Charts

17 October, 2017 |

Chart studies confirm the Pound is poised for further gains against the Euro heading into mid-week.

GBP/USD: News and Forecasts

USD

5% Rise in US Dollar Forecast as Taylor Model Shows Federal Reserve Way Offside

17 October, 2017 |

Taylor’s Rule places the Fed considerably behind the curve on interest rates, which has led strategists to speculate the greenback could rise as much as five per cent if the Stanford economist gets the top job.

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. 

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

Australian Dollar Rises On Lower Than Expected Unemployment But Outlook Remains Clouded

18 October, 2017 |

There is consensus on the likely state of the Australian labour market in September, but there is nothing like agreement on the fate of the Aussie Dollar in the fourth-quarter and beyond.

AUD

Australian Dollar Catches a Bid on RBA Minutes but Enthusiasm Tempered by Familiar Warning…

17 October, 2017 |

The RBA is becoming less intolerant toward a strong AUD and is more satisfied with the domestic and international economic picture, but many strategists still see it remaining on hold throughout 2018.

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. 

GBP/NZD: News and Forecasts

NZD

NZD: Are New Zealand First and Labour About To Backpedal on Their Migration and Property C…

19 October, 2017 |

Only time will tell whether Peters’ statements mean an NZ First and Labour coalition, under the stewardship of newly minted Prime Minister Jacinda Ardern, will step back from the policies markets have feared the most.

NZD

New Zealand Dollar Falls Sharply As NZ First Backs Labour Led Government

18 October, 2017 |

The New Zealand Dollar weakened substantially on Thursday after the news of the final make-up of the next coalition government raised growth fears. 

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.

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 to Strengthen into Year End, Says Credit Suisse

19 October, 2017 |

The South African Rand is likely to rise over the next three months as president Jacob Zuma's tenure comes to an end and the governing ANC party votes for a potentially more 'market-friendly' replacement.

ZAR

South African Rand Could See Double-digit Gains Toward Year-end Says Nomura’s Gullberg

18 October, 2017 |

There are three candidates and much is at stake in the forthcoming ANC leadership vote. The Rand could either fall sharply or gain by a double-digit number in response to delegates' choice of leader to fight the 2019 election. 

ZAR

Pound-to-Rand Rate Technicals: More Falls to Next Target at 17.47 Possible

17 October, 2017 |

The Pound-to-Rand exchange rate's short-term trend higher stalled following a major ruling by the supreme court against President Zuma, and the exchange rate has since started moving lower; now it is expected to continue until it meets a bundle of tough support levels in the 17.40s.

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.