High-street lender Lloyds have announced they have downgraded their forecasts for the British Pound.
Pound Sterling’s recent dip against the Euro leaves it looking oversold according to some studies and there is a prospect for a recovery into the end of 2017.
Foreign exchange analysts at Lloyds Bank have briefed clients on their latest views concerning the outlook for the Pound to Euro exchange rate.
Steadily improving Eurozone data against a backdrop of heightened Brexit risk is likely to marginally favour the Euro over the Pound in the year ahead.
GBP/USD is likely to end the year at 1.3000, say Lloyds in their new set of forecasts
One of the UK’s best-known high-street lenders has reaffirmed their view that Sterling is unlikely to advance further than current levels against the Euro.
Analysts at British high-street lender Lloyds Bank are sticking to their guns when it comes to forecasting a firmer Pound Sterling in 2017.
Lloyds Bank hold a relatively stable forecast for the GBP/EUR exchange rate through the course of 2017, but the level of uncertainty surrounding the UK currency makes for some heavy volatility.
Outtakes from the November release of Lloyds Bank’s International Financial Outlook shows mixed fortunes for Pound Sterling.
Exchange rate forecasts for 2016 and 2017 have been altered by Lloyds with Pound Sterling understandably being the currency in focus.
The GBP/USD pair is forecast to end the year at 1.3000, from a current level in the 1.33s on a divergence in the trajectory of interest rates in the two countries.
Lloyds Bank’s August edition of their International Financial Outlook is now out. We bring you the foreign exchange forecasts contained within.
Analysts at Lloyds Bank have confirmed further downside in GBP/USD remains available, however there are limits to the weakness.
The British Pound should reach 1.19 by the end of 2016, ahead of a move towards 1.30 in 2017 say Lloyds Bank.
A long bullish candle formed on GBP/EUR yesterday, and this may be the first sign of a broader recovery, already forecast by major bank analysts at Lloyds and Nordea
Lloyds Bank Commercial have confirmed they have upgraded their forecasts for the GBP to EUR exchange rate.
Lloyds have told clients they are upgrading their exchange rate forecasts for 2016, 2017 and 2018 which includes an upgrade in the near-term for the GBP to USD conversion as the date of the next US Federal Reserve interest rate rise is delayed to September.
Will the pound continue to weaken against the dollar this week? We ask some leading technical analysts for their viewpoints.
Lloyds’s Commercial Banking’s new foreign exchange forecasts are overall upbeat about the outlook for the injured dollar, which they see recovering on the back of two interest rate rises by the Federal Reserve.
The Bank of Canada Kept rates at 0.50% at its rate meeting today.
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