uk pound rate

GBP rate forecast

Forecast For The Next Two Days In Sterling Exchange Rates

During the overnight hours this evening, Chinese economic information is slated to come forth, something which tends to effect Antipodean currency types, including New Zealand and Australian Dollars, primarily because each nation relies heavily on exports headed to China, thus a decline in China’s economic fortunes can have a nearly-immediate impact. During tomorrow’s evening hours, we should have news capable of effecting anyone interested in exchange rates of New Zealand’s Dollars, and that country’s interest rate decision should come at roughly 22:00 pm in the UK, with the RBNZ press conference to come quickly afterwards. While adjustments in New Zealand’s…


british pound falling coins

The Sterling Pound Weakens

Sterling exchange rates have taken another hit today. It broke through the range that it has been stuck in for the last month. The GBP/EUR exchange rates are nearing the lowest levels they have ever been at since November 8th, when the elections in the U.S. concluded. If you sell currency to buy Pounds, then this may be the time to do it. If you’re looking to buy foreign currency sometime in the future, then you will probably be a bit concerned. This is because of the level of resistance being shown. The markets have listened to David Broadbent, who…


Inflation Grows

Is The Pound Going To Continue Its Selloff Past Recent Gains Due To Inflation Fears?

While unemployment is down in the UK and at a level not seen in 42 years, average wages aren’t doing so hot when matched up against inflation. That is a problem for workers in the UK that are trying to find affordable living in the country’s economic climate. The pound has also been sold off as of late, and this is a result stemming from the news about inflation outpacing wages. Any news like that is going to impact the market, and the economics behind the message is very clear. Since there is an election taking place, the normal approach…


Invoke Article 50 now demonstration

What impact will the invocation of Article 50 have on the Sterling?

Theresa May just stated that Article 50 is going to be activated on Wednesday, March 29, 2017. The belief amongst a lot of people is that the Sterling’s value will fall immediately after invocation. However, I do not believe that that’s true. The market generally moves on rumors and facts. In my opinion, the invocation of Article 50 has already been factored into the current levels. Since we already know that Article 50 is about to be triggered and we already have a date, then it won’t come as a shock when it happens. While the market reacts quite badly…