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The pound euro exchange rate faces an important session on Thursday while the pound dollar rate will see increased volatility on Friday.
June 6,2014
Above: The pound euro exchange rate shot higher after the ECB announced it is cutting the refinancing rate to 0.15% from 0.25%.
The British pound (GBP) exchange rate complex is one of the better performers in global FX as economic data releases continue to make the UK unit a preffered destination. We saw this play out Thursday when the ECB announced an interest rate cut.
For the sterling dollar rate Friday's US Non-Farm payroll release becomes the central theme. A look at the exchange rate markets on Friday shows:
June 6,2014
Today's exchange rate market place remains confined to recent ranges with the UK's sterling suffering a lack of interest.
May 24,2014
The best GBP exchange rates of 2014 are falling well out of reach on Wednesday as sterling is hammered.
May 14,2014
The British pound (GBP) is under pressure ahead of the Bank of England QIR, but interest rate yields suggest upside potential ahead.
May 14,2014
The outlook for the pound sterling (GBP) suggests recent losses may have ended. For today, the exchange rate complex is predicted to be steady after a poor Friday session.
May 14,2014
The pond sterling exchange rate complex is under pressure against the euro following the passing of this month's key central bank events.
May 9,2014
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Need Help? WhatsApp me.
Horizon Currency's dealing desk is here to answer any questions you have about the market.
Sam is one of our specialists and can be WhatsApped questions via this link.
