Atlantic International Partnership Headlines: Weekly Euro currency forecast from France Financial
Rob Hesketh
http://www.
guide2midipyrenees.
com/news/539/Weekly-Euro-currency-forecast-from-France-Financial
Normal service is resumed this week, with my...
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Atlantic International Partnership Headlines: Weekly Euro currency forecast from France Financial
Rob Hesketh
http://www.
guide2midipyrenees.
com/news/539/Weekly-Euro-currency-forecast-from-France-Financial
Normal service is resumed this week, with my forecast of sterling down in the 1.
12s meeting up with the
reality of the pound ending the week at 1.
1430! A nice way to be wrong though, unless you are heading
back to the UK, but I think the majority, me included, like to see as high a rate as possible.
Not only was
I wrong in where we ended up, but the pound actually plumbed some severe depths during the week,
hitting 1.
1045 at one point.
Then we had a 3.
5% swing between Wednesday afternoon and Friday
evening.
A game of two halves – Monday to Wednesday
Same old story for the pound.
Data released on Tuesday showed that the UK’s manufacturing sector grew
at its weakest pace for seven months in April.
This data reduced even more the likelihood of an interest
rate rise later in th
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