Currency News: UK daily forex news and forecasts
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Latest Currency News Headlines
Minor Drop in GBP AUD Exchange Rate Follows Confident Comments from RBA Governor
24 Feb 2017 at 10 AM - Written by Minesh Chaudhari
STORY LINK Minor Drop in GBP AUD Exchange Rate Follows Confident Comments from RBA Governor
GBP AUD Exchange Rate Worsens as Uncertainty Persists over Article 50 Debates
UK data has been thin on the ground today, resulting in a slight drop for the Pound against the Australian Dollar.
The only direct news has covered BBA mortgage approvals in January, which have risen from 43.23k to 44.7k.
The ongoing Article 50 debates in the House of Lords have failed to cause much movement for the Pound today; the latest...
CATEGORIES: Australian Dollar Forecasts
USD CAD Exchange Rate Slides as Fed Appears to be in No Hurry to Hike Rates
23 Feb 2017 at 4 PM - Written by Ben Hughes
STORY LINK USD CAD Exchange Rate Slides as Fed Appears to be in No Hurry to Hike Rates
The US Dollar to Canadian Dollar exchange rate trended flatly near the week’s opening levels on Friday afternoon after hitting a new weekly low of 1.3064.
Demand for the Canadian Dollar improved following the publication of Canada’s impressive January Consumer Price Index (CPI) results. Year-on-year inflation rose from 1.2% to 2.1% while month-on-month inflation improved from -0.2% to 0.9%. Inflation comfortably beat...
CATEGORIES: Currency Predictions Daily Currency Updates
GBP/EUR Recovering, but Could Take another Hit from Retail Surveys
23 Feb 2017 at 10 AM - Written by Toni Johnson
STORY LINK GBP/EUR Recovering, but Could Take another Hit from Retail Surveys
The British Pound to Euro exchange rate was sold from its weekly highs on Friday afternoon as traders expected a relatively quiet week ahead for Sterling demand.
Britain’s economic calendar will be relatively quiet until Markit’s February PMIs are published later in the week. The Euro, on the other hand, will be influenced by political concerns and domestic ecostats throughout the week that will cause movement in GBP...
CATEGORIES: Pound Euro Forecasts
GBP CHF Exchange Rate Trends Tightly as Investors Muse Mixed UK GDP Stats
22 Feb 2017 at 2 PM - Written by Tim Boyer
STORY LINK GBP CHF Exchange Rate Trends Tightly as Investors Muse Mixed UK GDP Stats
GBP Demand Limited Today as Annual UK GDP Revised Down
The Pound to Swiss Franc exchange rate has been inconsistent today, with Sterling alternately making marginal gains and fractional losses in the pairing.
UK news has focused on the release of second estimates for Q4 GDP growth rates, which have shown a rise on the quarter but an annual downward revision.
While the quarterly rise was taken as a sign of UK economic...
CATEGORIES: Pound Swiss Franc Forecasts
GBP to AUD Loses Weekly Gains as Risk-Sentiment Increases
22 Feb 2017 at 12 PM - Written by John Cameron
STORY LINK GBP to AUD Loses Weekly Gains as Risk-Sentiment Increases
The Pound to Australian Dollar exchange rate fell on Wednesday morning as the Australian Dollar looked to remain near its highs thanks to an increase in demand for risk-correlated currencies. Sterling’s rally from earlier in the week also faded.
GBP/AUD began the week at the level of 1.6193 and briefly reached a high of 1.6287 on Wednesday morning, before plunging to a daily low of 1.6178.
GBP Fails to Benefit from UK...
CATEGORIES: Australian Dollar Forecasts
EUR to USD Exchange Rate Slips on Hawkish Comments from Fed’s Harker
21 Feb 2017 at 2 PM - Written by Minesh Chaudhari
STORY LINK EUR to USD Exchange Rate Slips on Hawkish Comments from Fed’s Harker
The Euro to US Dollar exchange rate continued to trend near its weekly lows on Wednesday afternoon as investors adjusted ahead of the evening’s Federal Reserve meeting minutes.
Thursday’s final Q4 German Gross Domestic Product (GDP) results may give the Euro some support towards the end of the week, but if Eurozone political concerns persist it’s unlikely the shared currency will see a strong recovery.
CATEGORIES: Euro Forecasts
EUR USD Exchange Rate Rises after Trump Changes Tact on Israeli-Palestinian Conflict
16 Feb 2017 at 1 PM - Written by John Cameron
STORY LINK EUR USD Exchange Rate Rises after Trump Changes Tact on Israeli-Palestinian Conflict
The Euro to US Dollar exchange rate slipped back from its weekly highs on Friday afternoon and looked to end the week nearer its opening levels at around 1.06.
Demand for the US Dollar improved on Friday afternoon as the day’s US leading index report improved from 0.5% to 0.6% month-on-month, despite being predicted to remain at 0.5%.
[Previously updated 11:00 GMT]
Even though December’s Eurozone current account...
CATEGORIES: Currency Predictions Euro Forecasts
GBP to NOK Exchange Rate Falls Despite Oil Market Concerns
16 Feb 2017 at 11 AM - Written by Ben Hughes
STORY LINK GBP to NOK Exchange Rate Falls Despite Oil Market Concerns
The British Pound to Norwegian Krone exchange rate edged higher on Friday afternoon as prices of oil, Norway’s most lucrative commodity, slipped due to persistently high oil stocks in the US.
Despite its Friday gains, the GBP/NOK exchange rate remains well below the week’s opening levels. However, the pair could continue to advance next week if UK growth results due on Wednesday impress traders.
[Previously updated 11:00...
CATEGORIES: Norwegian Krone Forecasts