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POUND STERLING
UK Q2 current account data released earlier showed that the gap between British imports and exports is narrowing. The data was far better than anticipated, taking the Pound higher against almost all of the other major currencies on the day. Bank of England Governor Mervyn King’s comments which questioned the efficacy of the Bank’s QE scheme were less welcome for investors holding Sterling-denominated assets. NEAR-TERM OUTLOOK – NEUTRAL.
US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6009
The Greenback has continued in its weakening bias today as global appetite for risk continues to show signs of improving. This afternoon’s US Consumer Confidence survey could cause a halt to the Dollar’s losses if it disappoints, otherwise, any news from the Eurozone debt summit over the next 48 hours is sure to affect Dollar levels. NEAR-TERM OUTLOOK – NEGATIVE.
EURO – The Pound Euro exchange rate (GBP/EUR) is 1.1500
This morning’s German GfK Consumer Confidence Survey bettered analysts’ expectations, showing a surprise
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Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD
Almost-TERM OUTLOOK – NEUTRAL TO POSITIVE. For other live currency exchange rates and a currency converter see the currency intelligence website. Foreign Exchange Rates : Currency Predictions - GBP , USD , EUR , AUD.and more »
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Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AED
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Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, ZAR
This leaves the unrealized that last week's high will mark a key reversal for the pair. NEAR-Schedule OUTLOOK – NEUTRAL TO POSITIVE. For other live currency exchange rates and a currency converter see the currency news website. Foreign Exchange Rates and more »
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Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, NOK
could weigh heavily on Norway's exporters. Immediate-TERM OUTLOOK – NEUTRAL TO NEGATIVE. For other live currency exchange rates and a currency converter see the currency dirt website. Foreign Exchange Rates : Currency Predictions - GBP , USD , EUR , NOK.and more »
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Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, SGD
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