Forecasts for the pound dollar and euro pound exchange rates have been revised to reflect a weaker pound sterling profile by the team at Lloyds Bank.
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The pound to dollar exchange rate appears oversold at current levels but all indicators currently point to further falls to the 1.5 GBP/USD level.
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“My long-term macro view remains unchanged, namely that we should be buying GBP and the commodity currencies and selling the Yen, EUR and the USD.” - Sean Lee, Foretell.
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The ability of banks to manipulate the foreign exchange market shows us how little they actually know about themselves.
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The GBP is squarely in focus on Wednesday the 12th of November with two major events likely to shake markets.
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The British pound (GBP) could be about to offer fresh highs to those currency market watchers looking for a better exchange rate against the euro.
Read more … →Those with an interest in the pound sterling and euro pairs will continue to look out for the BoE inflation report and the UK labour market data, both scheduled on Wednesday.
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