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.
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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?
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.
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?
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.
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.
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.
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.
With a series of less than impressive economic data releases for the UK, has the Pound reached it peak?
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?
This week UK Manufacturing, Construction and Services PMI data have all disappointed, so why has Pound Sterling held it’s ground?