by Julian Benson | Sep 27, 2023
Goldman Sachs lowered the pound-to-euro and pound-to-dollar forecasts this week as “a combination of weaker growth, high inflation, and lower real rates is a negative mix for the currency.” The current three-month forecasts of 1.0990 (EUR) and 1.18 (USD) are at levels...
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by Julian Benson | Sep 27, 2023
The pound fell to its lowest rate since March yesterday against the US dollar as the greenback continued to find demand on Wall Street. However, the sterling-to-dollar rate is currently 12.8% higher than it was a year ago. The pound’s tumble could be down to the UK’s...
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by Charles Purdy | Sep 26, 2023
The US dollar hit yet another six-month high against the pound and euro yesterday, as the markets, and gilts, reacted to the belief that interest rates will soon be on the move upwards again. We’ll get some property market data out this afternoon, with the S&P...
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by Charles Purdy | Sep 26, 2023
The euro lost across the board yesterday following the head of the European Central Bank warning about the declining state of the EU economy. The data that did come out was much as expected, including the Ifo Business Climate for Germany, slightly better than expected...
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by Charles Purdy | Sep 26, 2023
The pound had a mixed day, but did at least show some signs of recovery after a torrid week that has seen losses of between 1 and 2% against the next few most traded currencies. However, with little on the docket apart from a marginally less bad result for CBI...
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