Pounds Forecast boosted – will we see 1.3000 against the Euro

Hi All Analysts have increased their year-end forecasts for the pound against the dollar to the highest in more than two years amid speculation the Bank of England will increase interest rates before the Federal Reserve. The Pound has gained a whopping 13 percent in the past year against the US Dollar, the best performer […]

euro exchange rate continues to get stronger and stronger

Hi All As the euro exchange rate continues to get stronger and stronger by the day this morning’s focus will be on the UK Januarys Industrial production release. This will give us a clearer view on the economy for the first quarter and will be followed by the latest trade figures tomorrow. At 9.30 this […]

Forex Traders continue to buy Euros

The Pound exchange rate remains well supported by continued strength in domestic data, but has slipped back against the Euro Exchange Rate in recent days following the lack of any new easing action at the ECB meeting. Why Forex Traders continue to buy Euros is a mystery that leaves me scratching my head. While Pound […]

Why do FX traders continue to Buy Euros

Well A chart is worth a thousand words – sums up the Euro exchange rate against the pound this week. Argh the ECB cant see the word from the trees and Draghi preformed the Emperors New Clothes performance of a lifetime to convince the FOREX market to buy Euros despite countless evidence to do the […]

US Payrolls will drive the Forex markets today

Morning All, After watching the pound to euros exchange rate get kicked in the nuts today we have the US payroll figures. The Pound to US Dollar exchange rate did make me smile with it finally getting back above 1.6750, the question is can it go higher – we are hoping that cable will now […]

Pounds to Euro is battered

The Pounds to Euros exchange rates today got a battering after looking at heading above 1.2200 than the release of the BOE interest rate announcement followed by the ECB and delusional Super Mario Draghi talked the Euro up despite worsening fundamentals. But not to leave the day on a low the pounds to us dollar […]

Does Draghi Love buying Euros

Does Draghi Love Buying Euros because he has talked up the Euro exchange rate so much today it is hard to believe he hasn’t taken a punt himself and needs the exchange rate to go higher. If he has his way the pounds to euros exchange rate will be sub 1.2000 and the Euro to […]

ECB talks up Europe and the Euro exchange rate

ECB talks up Europe and the Euro exchange rate again – don’t worry about the fundamentals of high youth unemployment, falling house prices in southern Europe especially the Spanish Property Market – these things don’t matter. The ECB predict that inflation will soar to 1.1% and that growth will be 1.2% – which is piss […]

Bank of England do nothing and sit and watch

Bank of England do nothing and sit and watch at today’s interest rate meeting and take the view they don’t want to harm the humble recovery despite the recent rise in House Prices. Whilst this is good for those with a mortgage, if you are looking to buy euros the BOE has not done us […]

Will the ECB cut interest rates in Europe

Will the ECB cut interest rates in Europe Today’s main focus will be the ECB rate decision at 12.45pm followed by the press conference 45 minutes later. With Februarys inflation marginally stronger than anticipated at 0.8%, expectations that the ECB would be rushed into further policy stimulus at this meeting have faded. The press conference […]