GBP looses value

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…