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.
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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.
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The pound sterling (GBP) has come under significant pressure against the euro on the first day of the new trading month.
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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. Fu…
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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 b…
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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…
Read more … →Positive news for the UK on Friday as second quarter GDP figures showed an 0.8 pct increase, with the UK economy now at its biggest size since the recession.
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