GBP/USD has traded in a four-point range around 1.55 since May and and there is little reason to believe this to change over the coming months.
The euro dollar exchange rate is under significant pressure as the yields delivered by government bonds in the US and European head in opposite directions.
As we enter the final week of February it is the pound sterling that is dominating play on global currency markets.
The Australian dollar (AUD) continues to trade with a heavy tone with the rate falling from 0.8176 against the US dollar at the start of 2015 to 0.7809 where we see it now.
The British pound to euro exchange rate (GBP/EUR) is under significant pressure following news that the UK’s rate of inflation has hit record lows.
The pound neared six-week highs against the dollar after the BOE’s quarterly inflation report largely left intact expectations it could boost rates on the early end of next year.
The Aussie dollar has taken a fresh hit following the release of labour market data that came in far worse-than-expected.
These are good levels to exchange pounds for dollars suggests a new analysis on the GBP/USD.
New forecasts concerning the pound to dollar exchange rate (GBP/USD) confirms the end of declines may have finally taken place.
Currency markets have extinguished the euro’s hard-won gains registered at the beginning of the first week of February.
Following the bomb-shell announcement from the European Central Bank on 23rd January we consider the latest forecasts for the shared currency.
A look at the currency markets in the mid-week session with the team at Intesa Sanpaolo.
Exchange rate markets open for their first day of trade of 2015 and it is the dollar that starts off the year on the front foot.
The British pound advanced in the mid-week session after it was shown that wage growth in the United Kingdom is starting to convincingly outpace inflation.
The Philippine peso (CURRENCY:PHP) was firmer on Thursday as the central bank opted to keep interest rates on hold.