When will rates in the UK and Euro Zone go up

US Dollar exchange rates US jobless claims are also scheduled for release today. Pounds to Euros Today we have the UK MPC policy announcement which will be of interest, with the committee revisiting its economic forecasts ahead of the August Inflation Report. Both the bank rate and the asset purchase program are expected to remain …

Euro Exchange Rate Stronger after German IFO

US Dollar exchange rate In the US, March durable goods orders report will provide some further insight into the prospects for Q1 GDP. Tomorrow in the US we have PMI and Michigan University consumer sentiment report. GBP Exchange Rate The pound dropped a little yesterday against both the euro and US Dollar following the mornings …

Pound Gains a Fourth Day as Retail Sales figures rise more than forecast

Pound Gains a Fourth Day as Retail Sales figures rise more than forecast US Dollar exchange rate Today’s US GDP release is the third estimate for Q4 and so is likely to be seen as old news. The weekly initial unemployment claims data will also be watched closely for further indications of the strength of …

Euro rate to fall if ECB approves Quantitative Easing

Euro rate to fall if European Central Bank approves Quantitative Easing Last night Germany’s Bundesbank came out for the first time and acknowledged that Quantitative Easing is not off the table and also mentioned negative interest rates. This is a massive change as the Euro exchange rate has been climbing as foreign exchange traders continue …

Foreign Exchange Traders Buy Euro Pounds

Sterling pushes higher following CPI figures as Euro weakens on economic concern US Dollar Exchange Rate Today we have presentations by St Louis Fed President Bullard this morning and tomorrow will be of interest, as markets try and put further context to last weeks comments from Fed Chairwoman Yellen. Yellen indicated that a hike in …