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The British pound (GBP) has fallen against the euro on the foreign exchange markets on Tuesday and Wednesday as the Bank of England (BoE) blows hot and then cold on its communications over interest rate rises.
June 25,2014
Currency analysts at Bank of America Merrill Lynch are standing by their 2014 forecast that sees a lower euro dollar exchange rate.
June 25,2014
The British pound (GBP) maintains the upper hand on global foreign exchange markets, but further gains are forecast to come at a slower pace going forward.
June 24,2014
The British pound (GBP) has made significant gains against the euro in recent sessions thanks to current interest rate differentials and expectations on future interest rate changes.
June 18,2014
Above: Carney's speech had a marked impact on the valuation of the pound euro rate.
The British pound (GBP) is advancing against both the US dollar and euro as markets re-adjust their positions ahead of planned interest rate rises in the UK. However, the advance higher could be stifled with updated forecasts warning of critical resistance areas lying ahead.
June 16,2014
The pound euro exchange rate has reached its best levels since early November 2012.
However, caution is urged as the exchange rate is due a correction lower in the near-term as overbought conditions become apparent.
June 14,2014
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