The British pound (GBP) appears to be unwilling to restart its 2014 rally after a week of mixed data has traders uncomfortable with bidding the sterling complex higher.
August 7,2014
Are you holding out for a stronger US dollar exchange rate? If so, you may be in luck - we are predicting more gains in the USD in the near-term based on recent momentum.
August 7,2014
July saw the pound sterling exchange rate (GBP) complex falter, bringing into question the solid rally seen through much of 2014 that saw fresh highs against both the euro and dollar slip away.
August 6,2014
The pound sterling (GBP) has come under significant pressure against the euro on the first day of the new trading month.
August 1,2014
The pound sterling (GBP) is forecast to remain vulnerable against the US dollar (USD) on global foreign exchange markets as interest rate differentials between the US and UK continue to narrow.
Further narrowing in rates to the advantage of the USD is seen on the eve of a new month after it was shown US GDP (Q2) came in at 4%, well ahead of the expectation for a reading of 3%. All bets are on the Federal Reserve being forced to consider raising US interest rates in 2015.
August 1,2014
The British pound (GBP) remains caught in a downtrend against the US dollar, moving broadly inline with 2y relative interest rate spreads which are heading in favour of the USD.
(The difference between interest rate yields in the US and UK is a key determinate for the exchange rate at the moment).
July 30,2014
Looking at the currency markets mid-week we note the British pound (GBP) is looking decidedly weaker against both the EUR and USD.
However, weakness against the euro will likely be contained, concerns of further losses against a strengthening US dollar will however likely continue.
July 30,2014
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