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Currency News: UK daily forex news and forecasts

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USD/JPY Slides despite Japanese Retail Sales Slump

29 Mar 2017 at 2 PM - Written by Toni Johnson

The US Dollar to Japanese Yen exchange rate is currently declining -0.3% despite mixed data from Japan. USD in Limbo as Markets Question Trump Stimulus The initial rout in the US Dollar seen after President Donald Trump’s healthcare bill embarrassment has since abated, although USD is struggling to find a direction even as investors become more confident again in Trump’s ability to gain approval for his stimulus...

CATEGORIES: American Dollar Forecasts

Pound to Indian Rupee Exchange Rate Near Two-Week-Low on Brexit Jitters

29 Mar 2017 at 1 PM - Written by Ben Hughes

The Pound to Indian Rupee exchange rate plunged on Tuesday as Sterling investors became increasingly jittery ahead of this week’s start to the Brexit process. GBP became more volatile on Wednesday and the Rupee weakened due to rising commodity prices. GBP/INR began the week trending at the level of 81.59. The pair saw psychological resistance near the level of 82.00 and had instead fallen to a new two-week-low of 80.47 by...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Rupee Forecasts

GBP USD Exchange Rate Drops as Confidence Returns to US Traders

28 Mar 2017 at 4 PM - Written by James Fuller

The British Pound to US Dollar exchange rate edged up from its weekly lows on Wednesday afternoon, but may be unable to sustain any recovery as the Pound’s volatility worsened following the activation of Article 50. The afternoon’s US house prices data was optimistic which supported the US Dollar. Analysts predict the Pound’s movement could cool later in the week amid expectations that the Brexit process will not see any...

CATEGORIES: Daily Currency Updates Pound Dollar Forecasts

GBP AUD Exchange Rate Rises as UK Government Backs Down from ‘No Deal’ Threat

28 Mar 2017 at 1 PM - Written by John Cameron

The British Pound to Australian Dollar exchange rate traded near its weekly lows on Wednesday afternoon. As risk-sentiment improved, the Australian Dollar strengthened and was able to hold against a highly volatile Pound. Analysts predict Sterling movement will cool later in the week, as the first major developments in Brexit negotiations are unlikely to be made until May or June. This could see GBP/AUD recovering from lows if...

CATEGORIES: Australian Dollar Forecasts

GBP NZD Exchange Rate Trended Higher as Market Confidence Faded

27 Mar 2017 at 5 PM - Written by Tim Boyer

The British Pound to New Zealand Dollar exchange rate fell back from its 2017 highs on Tuesday afternoon as Brexit jitters increased ahead of Wednesday’s key session. Investors also bought risk-correlated currencies like the New Zealand Dollar up from their recent lows, following the risk-off rush on Monday. GBP/NZD is likely to be highly volatile on Wednesday as the Brexit will finally begin. [Previously 28/03/2017]...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

USD/GBP Hits 8-Week Low After Trump Withdraws Healthcare Bill

27 Mar 2017 at 12 PM - Written by Tim Boyer

The US Dollar to British Pound exchange rate recovered from its worst levels on Tuesday afternoon, as US markets cooled from their Monday ‘safe haven’ rush while the Pound was weakened by Brexit jitters. The UK government will formally begin the Brexit process on Wednesday by activating Article 50. Sterling’s movement is likely to be highly volatile throughout the day. [Previously updated 28/03/2017] Although...

CATEGORIES: Dollar Pound Forecasts

USD AUD Exchange Rate Slides as Fed Appears to be in No Hurry to Hike Rates

24 Mar 2017 at 2 PM - Written by Toni Johnson

After drifting higher overnight the USD AUD exchange rate plateaued this morning as investors await the result of the US House of Representatives vote on Trump’s new healthcare plan. US Dollar Australian Dollar (USD AUD) Paralysed as Trump Faces First Real Test The US Dollar Australian Dollar (USD AUD) exchange rate remained largely unmoved in trading this morning as investors move cautiously ahead of a key vote on...

CATEGORIES: American Dollar Forecasts

GBP CHF Exchange Rate Slides after EC President Confirms Brexit ‘Divorce Bill’

24 Mar 2017 at 11 AM - Written by James Fuller

GBP Slumps after Juncker’s “Brexit Bill” Comments With direct UK data in short supply today, the GBP CHF exchange rate has dropped by -0.4%. This follows discouraging remarks from European Commission President Jean-Claude Juncker. Commenting on how Brexit negotiations might proceed, Juncker stated; ‘I am [in] anything but in a hostile mood when it comes to Britain. We will negotiate in a friendly way, a fair way,...

CATEGORIES: Pound Swiss Franc Forecasts

GBP USD Exchange Rate Trended Higher After Bullish Retail Sales

23 Mar 2017 at 4 PM - Written by Ben Hughes

An unexpectedly sharp uptick in UK retail sales helped to boost the Pound US Dollar exchange rate, giving investors fresh reason to pile into Sterling. GBP Boosted by Strong Retail Sales Sales were found to have leapt 1.4% on the month in February, making up for January’s -0.5% contraction. This offered fresh evidence that consumer confidence and spending has largely held up at the start of the year, even as inflation...

CATEGORIES: Pound Dollar Forecasts

Soaring UK Retail Sales Trigger GBP AUD Exchange Rate Rally

23 Mar 2017 at 1 PM - Written by Minesh Chaudhari

GBP AUD Exchange Rate Close to Monthly High on Rising Retail Sales The Pound has risen considerably by 0.6% against the Australian Dollar today, following the news that UK retail sales rose above forecasts in February. While economists have been quick to forecast that Q1 2017 sales may hit the biggest drop since Q4 2010, traders have paid little attention and bought into the Pound heavily. On the other major UK news of...

CATEGORIES: Pound Australian Dollar Forecasts