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Currency News: UK daily forex news and forecasts

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GBP USD Update: Continued US Uncertainty Drags US Dollar Down

21 Jul 2017 at 3 PM - Written by Toni Johnson

The Pound has pushed through negative UK news today, advancing by 0.2% against the US Dollar. GBP News: Sterling Recovers after Trader Panic on Government Borrowing The Pound has been on a rollercoaster ride today, initially trading around 1.2962 against the US Dollar due to concerns about public sector borrowing. In June, the government borrowing deficit fell to -6.28bn. This was worse than forecast, as May’s figure...

CATEGORIES: Pound Dollar Forecasts

EUR/USD Advances despite Sluggish Inflation Forecasts

21 Jul 2017 at 12 PM - Written by Toni Johnson

The Euro is holding small gains against the US Dollar today, although these might not last as markets begin to rethink the recent EUR rally. The EUR/USD exchange rate continues to press higher after hitting a two-and-a-half-year high this week on the back of comments from European Central Bank (ECB) President Mario Draghi. Draghi commented at yesterday’s post policy-meeting press conference that the Governing Council was...

CATEGORIES: Euro Forecasts

GBP/EUR Slumps as Mario Indicates QE Discussions Set for Autumn

20 Jul 2017 at 3 PM - Written by Toni Johnson

A combination of adverse market reaction to UK retail sales figures and hawkish comments from European Central Bank (ECB) President Mario Draghi have pushed the GBP/EUR exchange rate down to an eight-day low. The British Pound to Euro exchange rate has fallen to 1.1213 today, even though UK data was positive on the face of it and the ECB left policy unchanged. Strong UK Retail Sales Fail to Have Positive Impact on GBP UK...

CATEGORIES: Pound Euro Forecasts

GBP to AUD Exchange Rate Edges Higher as UK Retail Sales Beat Projections

20 Jul 2017 at 10 AM - Written by Frank Davies

This week’s UK data has been mixed, but the British Pound to Australian Dollar exchange rate began to recover from its multi-month-lows towards the end of the week in reaction to Thursday’s UK and Australian ecostats. After plummeting from 1.6720 to a three-month-low of 1.6334 earlier in the week, the GBP/AUD exchange rate edged higher on Thursday morning. At the time of writing, the pair was near the level of...

CATEGORIES: Pound Australian Dollar Forecasts

EUR to GBP Exchange Rate Forecast – European Central Bank (ECB) Meeting in Focus

19 Jul 2017 at 4 PM - Written by Tim Boyer

Anticipation for Thursday’s key session kept the Euro to British Pound exchange rate relatively flat throughout Wednesday trade. If the European Central Bank (ECB) takes a hawkish stance, the Euro could see a late-week surge. While it has slipped from this week’s highest level of 0.8897, the EUR/GBP exchange rate has sustained most of the week’s gains. EUR/GBP has advanced from 0.8754 to around 0.8850 so far this...

CATEGORIES: Euro Pound Forecasts

USD GBP Exchange Rate Rises during Ongoing Obamacare Troubles

19 Jul 2017 at 3 PM - Written by Toni Johnson

The latest news in the US has been that Republican efforts to repeal the Affordable Care Act (ACA) have stumbled. Rising US Homebuilding Triggers USD GBP Advance Despite the limiting factor of political issues, the US Dollar has made a gain against the Pound today. This comes after a rise in US building permits and housing construction; the latter has been at the fastest rate in four months. As well as limiting the...

CATEGORIES: Pound Dollar Forecasts

GBP EUR Rate Slumps -1.2% after UK Inflation Slows

18 Jul 2017 at 4 PM - Written by Toni Johnson

In disappointing news for Pound traders, the GBP EUR exchange rate has dropped to a one-week low of 1.1235. GBP EUR Rate Drops -1.2% on Lower Interest Rate Hike Hopes This decline is primarily because of trader fears about the next UK interest rate hike. Previous Bank of England (BoE) commentary has implied that a rate hike could occur in the coming months. In the wake of slowing inflation, however, hopes of a near-term...

CATEGORIES: Pound Euro Forecasts

GBP to USD Exchange Rate Plunges Despite US Political Uncertainties

18 Jul 2017 at 12 PM - Written by David Woodsmith

Forex markets have seen volatility already this week, as the British Pound to US Dollar exchange rate reacts to disappointing US news and lower-than-expected UK inflation results. The pair is lower on Tuesday as Bank of England (BoE) tightening bets drop. After a surge from 1.2888 to 1.3095 last week, GBP/USD briefly touched on a 2017 high of 1.31197 on Tuesday before slumping to around 1.3020. GBP Sold as Inflation Dampens...

CATEGORIES: Pound Dollar Forecasts

GBP to USD Exchange Rate Slips as Investors Await Fresh Brexit Talks

17 Jul 2017 at 4 PM - Written by Ben Hughes

Despite a drop in Federal Reserve interest rate hike bets and underwhelming US ecostats, the British Pound to US Dollar exchange rate slipped when markets opened this week. It has sustained most of last week’s advances however. Federal Reserve uncertainty has seen GBP/USD advance in recent weeks. Last week, GBP/USD advanced from 1.2888 to over 1.30 and its best levels since September 2016. However, on Monday morning the pair...

CATEGORIES: Pound Dollar Forecasts

Returning Brexit Optimism Pushes Up GBP NZD Exchange Rate

17 Jul 2017 at 1 PM - Written by Toni Johnson

As discussions between UK and EU negotiators continue in Brussels, the Pound has advanced by 0.2% against the New Zealand Dollar. Rising GBP NZD Exchange Rate Triggered by Growing Brexit Optimism While minor, this rise in the GBP NZD exchange rate still demonstrates growing investor optimism about the Brexit process. Initial UK-EU negotiations began almost a month ago, but hit a few bumps in the road when the issue of...

CATEGORIES: Pound New Zealand Dollar Forecasts