The Pound has found some support this week, making some in-roads against the Euro and curbing any further losses against the US Dollar. However, what will tomorrow’s UK interest rate decision mean for Sterling?
US Dollar hits 5 month high against Sterling
The Pound has hit its lowest level versus the US Dollar in five months after a poor run of data recently in the UK.
Sterling exchange rates at the mercy of political developments
The Pound is set for a rollercoaster week on the back of political developments which are about to reach a climax.
Pound weakens as political uncertainty once again raises its head
The Pound has been coming under some pressure recently following some poor economic data and a new headache for the Government.
Will Mario Draghi’s speech impact GBP/EUR?
ECB President Mario Draghi is due to give a speech following the ECB’s interest rate decision, which could mean a limited move higher for the GBP/EUR rate.
ECB interest rate decision to influence Euro exchange
Today we have the European Central Bank’s latest interest rate decision and monetary policy statement. We’re not expecting a change however Mario Draghi’s press conference shortly after could affect EUR exchange rates.
Is the Pound’s strength coming to an end?
Sterling’s recent run seems to have slowed over recent days, with the Pound struggling to make much of an impact against the Euro or US Dollar this week.
Important week for Sterling as the Customs Union takes centre stage
Sterling exchange rates have opened the week relatively flat, with the major economic headlines surrounding the upcoming MP’s debate on the issue this week.
Interest rates and the effect on Pound to Euro rates
The Pound has recently hit the best exchange rate to buy Euros in eleven months but has subsequently come under pressure since the middle of this week.
Will the Bank of England raise interest rates twice this year?
The currency market is bracing itself for the Bank of England (BoE) to raise interest rates this May, but will there be further rate hikes in 2018?
CAD gains on Sterling following UK inflation data
Following the release of UK inflation data the Loonie has made gains against Sterling, as an interest rate hike from the Bank of England looks less likely.
Will Pound Sterling strength continue this week?
With the Pound currently riding high will this week’s events impact GBP exhange rates? How will the Bank of England react if unemployment data is poor?
GBP/EUR exchange rate hits 11 month high
The Pound has risen against the Euro (as well as many of the major currencies) and now sits at a 11 month high. This has presented a good opportunity for those buying Euros with Pounds.
Sterling rallies against the major currencies
GBP/EUR exchange rates touched a high of 1.1569, whilst GBP/USD rates reached 1.4246. The Pound is gaining in line with positivity around the UK economy.
Sterling maintains recent strength despite weaker economic data
The Pound has been supported over the last week despite a series of weaker economic data releases. With Brexit optimism seemingly stronger, the Pound has held it’s ground.
The GBP/EUR exchange rate breaches 1.15
For only the second time this year the GBP/EUR exchange rate has breached 1.15 today, providing a fantastic opportunity for those buying buying Euros with Sterling.
Has the Pound reached a peak?
With a series of less than impressive economic data releases for the UK, has the Pound reached it peak?
Will the Pound rise higher in April?
With UK economic data in the first week of April having been poor, most likely due to the weather in March, can the Pound strengthen in April?
Sterling holds on to its recent gains despite weak data releases
This week UK Manufacturing, Construction and Services PMI data have all disappointed, so why has Pound Sterling held it’s ground?
Will this Sterling strength continue?
The Pound has risen against many of the major currencies throughout March, but has now dropped off slightly from the highs of last week. What’s next for Sterling exchange rates?
Uncertain end to the month for Sterling exchange rates
With the most recent Brexit talks focused on the Irish border issue appearing to be unresolved, what could happen to Sterling exchange rates this week?