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Best Pound Sterling to Dollar (GBP/USD) Exchange Rate of 2014 Far Off as RBS FX Forecasts Warn of Moves Lower from Here

  • Written by Sam Coventry
  • Category: A Deeper Insight
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US dollar exchange rate forecasts

The best British pound to dollar exchange rate (GBP/USD) of 2014 was achieved on the 6th of May when we saw the pair beiefly touch 1.6996. A push through and above 1.700 resistance level proved a step too far for markets and traders subsequently gave up on the rally.

Read more: Best Pound Sterling to Dollar (GBP/USD) Exchange Rate of 2014 Far Off as RBS FX Forecasts Warn of...

Wednesday's Exchange Rate Forecasts for the British Pound (GBP) Against the Euro (EUR) and US Dollar (USD) Predictions

  • Written by Will Peters
  • Category: A Deeper Insight
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pound to euro exchange rate forecast

The pound to euro exchange rate (GBP/EUR) is forecasted to take us to the best levels of 2014 provided momentum stays unchanged. However, trade at the start of the new week favours the euro as a downside correction shapes up.

Further losses are being seen on Wednesday as signs suggest the UK housing market is starting to cool. UK BBA mortgage approvals were weaker than expected, slipping to 42,173 in April from 45k previously. The softer number likely reflects the introduction of the Mortgage Market Review in April. If the housing market cools there will be less pressure for the Bank of England to raise rates, and this will be unhelpful to sterling bulls.

Read more: Wednesday's Exchange Rate Forecasts for the British Pound (GBP) Against the Euro (EUR) and US...

Best Pound Sterling to Euro Levels Back in Contention as GBP/EUR Recovers Recent Losses, 1.23 Next?

  • Written by Will Peters
  • Category: A Deeper Insight
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carney to dictate to euro pound exchange rate

Above: The BoE Governor has ensured the best levels seen in the sterling euro exchange rate in 5 months slipped away on Wednesday.

After a torrid Wednesday, those looking to buy euros with their pound sterling (GBP) are seeing relief set in as lost levels are recaptured. The recovery could event take in the best exchange rate levels of 2014.

Read more: Best Pound Sterling to Euro Levels Back in Contention as GBP/EUR Recovers Recent Losses, 1.23 Next?

GBP to Euro: BEST Exchange Rate in Over Just Out of Reach - Can 1.24 Now be Reached?

  • Written by Sam Coventry
  • Category: A Deeper Insight
  • Hits: 5236

best pound GBP to euro exchange rate

The pound to euro hit a high of 1.2364 yesterday, the best exchange rate in over a year, but we are seeing the expected reversal in the currency pair take shape. As we all well aware, nothing travels in a straight line, particularly with regards to currencies!

Read more: GBP to Euro: BEST Exchange Rate in Over Just Out of Reach - Can 1.24 Now be Reached?

NZ Dollar to Pound Sterling Exchange Rate Outlook (GBP to NZD): Have Kiwi Losses Come to End?

  • Written by Edited by Sam Coventry, Article Courtesy of Blackwell Global
  • Category: A Deeper Insight
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NZ dollar exchange rate complex

The pound sterling to New Zealand dollar (GBP to NZD) exchange rate complex continues to consolidate around the 1.9581 level after a sharp reversal in fortunates for the NZD was seen at mid-week.

Read more: NZ Dollar to Pound Sterling Exchange Rate Outlook (GBP to NZD): Have Kiwi Losses Come to End?