Sterling forecast on the 22/04/2013:
Commentary:
The Pound was de-railed on Friday as investors reacted negatively to Fitch's decision to downgrade the UK's sovereign credit rating to AA+. Sterling had initially rallied as German Producer Prices fell from 1.2% to 0.4% in March, but fears over the possibility of further QE - stoked by comments from BoE policymaker Martin Weale - combined with Fitch's downward revision, ensured that GBP/EUR ended the week on the slide.
Forecast:
|
Current |
1 month forecast |
3 month forecast |
6 month forecast |
12 month forecast |
|
| EUR/GBP |
0.86 |
0.86 |
0.85 |
0.85 |
0.85 |
|
Sources: http://finance.yahoo.com/
www.torfx.com
www.forex.com