The European Central Bank (ECB) is increasingly likely to cut interest rates shortly, says a major European lender and investment bank, a move that would only widen the gulf on interest rate policy with the Federal Reserve and pressuring the Euro lower against the Dollar in the process. "An ECB rate cut has become more likely," says Nick Kounis, Head of Financial Markets … [Read more...] about UK Pound and US Dollar Rate Forecast Towards 1.13 by ABN AMRO
UK GDP Growth Forecast for 2021 is Supported by ONS Upgrade
The hit to the UK economy in 2021 from the covid-19 crisis looks to be smaller than expected. A sizeable increase in savings by UK households means a strong rebound in growth will likely take place over the coming months, even if economists hotly contest the scale of that boost. UK GBP Forecast The size of the UK's economy as measured by Gross Domestic Product (GDP) shrank … [Read more...] about UK GDP Growth Forecast for 2021 is Supported by ONS Upgrade
Norwegian Krone Shines in Europe’s Economy
The Norwegian Krone meandered along the middle of major currency road Tuesday but could accelerate through the 2021 rankings this summer as Europe frees itself from a coronavirus vaccination mire, a global economic upswing lifts oil prices, and the Norges Bank raises interest rates before any of its peers. Norway's Krone Performance Norway's Krone advanced on many European … [Read more...] about Norwegian Krone Shines in Europe’s Economy
UK Pound and New Zealand Dollar Rate Hits New High for the First Time in 6 Months
Pound Sterling is firmly on course to record its fourth consecutive monthly gain against the New Zealand Dollar as a fresh bout of interest in the UK currency dominates foreign exchange trade action at the start of the new week. Meanwhile, investors continue to shy away from the Kiwi as they digest recent housing market policy changes. UK Pound and NZ Dollar Hits New High The … [Read more...] about UK Pound and New Zealand Dollar Rate Hits New High for the First Time in 6 Months
Economic Divergence Keeps New Highs in the Market as UK Pound-Euro Forecast Revealed
The Pound-to-Euro exchange rate reached a new two-year high last week. It will likely establish a more durable foothold above 1.17 over the coming days as a divergence between the UK and Eurozone economies remain top of mind among investors. UK Pound Ends Higher Against Counterparts Sterling ended the week higher against all major counterparts except the U.S. Dollar and … [Read more...] about Economic Divergence Keeps New Highs in the Market as UK Pound-Euro Forecast Revealed