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Currency News: UK daily forex news and forecasts

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GBP/AUD Weakens as Risk Appetite Boosts AUD Demand

29 Jun 2017 at 2 PM - Written by Minesh Chaudhari

The British Pound may be on largely solid form today, but demand for the Australian Dollar is stronger. This has pushed the GBP/AUD exchange rate slightly below opening levels, even though markets remain exuberant following yesterday’s hawkish shift in tone from Bank of England (BoE) Governor Mark Carney. GBP Continues to Rally on Carney’s Monetary Policy Comments Yesterday, Mark Carney surprised markets with what...

CATEGORIES: Pound Australian Dollar Forecasts

EUR to USD Exchange Rate Continues Climb Despite Draghi Misunderstanding

29 Jun 2017 at 2 PM - Written by Toni Johnson

Wednesday’s news that European Central Bank (ECB) President Mario Draghi had been misinterpreted by markets has failed to knock the Euro to US Dollar exchange rate down. The pair continues to gain as low Fed rate hike bets keep ‘Greenback’ movement limited. EUR/USD began this week trending relatively flatly in the region of 1.1190. Since Tuesday however, the pair has rallied and by this morning EUR/USD was trending near...

CATEGORIES: Euro Forecasts

GBP JPY Exchange Rate nears 6-week High on Carney Comments

28 Jun 2017 at 5 PM - Written by Toni Johnson

Bank of England (BoE) Governor Mark Carney has been responsible for the latest GBP JPY rise from 143.77 to 145.47. GBP Surges as Traders Assume 2017 UK Interest Rate Hike is a Go The Pound’s sharp uptrend against the Japanese Yen today came after Carney’s remarks at an event in Portugal. Attending a meeting of central bankers from around the world, Carney stated that; ‘When the Monetary Policy Committee (MPC)...

CATEGORIES: Pound Yen Forecasts

GBP to CAD Exchange Rate Rises as Bank of England (BoE) Governor Surprises Traders

28 Jun 2017 at 3 PM - Written by Tim Boyer

Investors sold the Canadian Dollar last week as Canada’s latest inflation data fell short of expectations. However, CAD demand improved again this week following more hawkish comments from Bank of Canada (BOC) Governor Stephen Poloz. Due to economic uncertainty in Britain and mixed commodity data, GBP/CAD briefly tumbled to a new weekly low of 1.6767 on Wednesday. However, following surprising Bank of England (BoE) comments...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Flat as UK Political Developments Fail to Boost Confidence

27 Jun 2017 at 12 PM - Written by Frank Davies

This week’s UK political developments and Brexit comments have done little to influence the British Pound to Canadian Dollar exchange rate. The Pound remains limp on uncertainty while the Canadian Dollar has been weakened due to oil concerns. The pair appears to have stabilised somewhat after last week however. GBP/CAD opened this week at the level of 1.6865 and since then has trended within the range of less than a cent -...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/USD Ekes Out Mild Gains Ahead of Financial Stability Report and Yellen Speech

27 Jun 2017 at 11 AM - Written by John Cameron

Investors interested in the Pound or the US Dollar today are holding their breath ahead of two key developments. This has left the GBP/USD exchange rate able to advance 0.3% to 1.2750 ahead of the Bank of England’s (BoE) Financial Stability Report and a speech from Federal Reserve Chairwoman Janet Yellen. These both have the potential to change the outlook on the financial system and therefore the pricing of the British...

CATEGORIES: Pound Dollar Forecasts

GBP EUR Exchange Rate Trends Narrowly Ahead of ECB and BoE Comments

26 Jun 2017 at 4 PM - Written by Frank Davies

As the Conservatives and the Democratic Unionist Party (DUP) finally agreed a confidence and supply arrangement the Pound Euro exchange rate was encouraged to trend higher. However, this sense of optimism proved remarkably short-lived as the future of the minority Conservative government is still far from guaranteed at this juncture. While Brexit negotiations appear to have gotten off to a solid enough start a sense of...

CATEGORIES: Pound Euro Forecasts

GBP NZD Exchange Rate Rises as Conservative-DUP Deal is Signed

26 Jun 2017 at 1 PM - Written by Toni Johnson

Sterling’s recent advance still leaves GBP in a weak position, having only posted the best rate since June 21st. Pound Heads Up after DUP Deal is Finally Agreed The GBP NZD exchange rate has advanced today, thanks to a long-awaited government announcement. The Conservatives and Democratic Unionist Party (DUP) have finally reached an agreement, resulting in the formation of a working government. This comes over two...

CATEGORIES: Pound New Zealand Dollar Forecasts

Speculation over Central Bank Rate Hike Odds Boosts GBP USD Exchange Rate

23 Jun 2017 at 12 PM - Written by David Woodsmith

Ahead of the weekend the Pound US Dollar exchange rate remained on a bullish run, in spite of the ongoing sense of political uncertainty hanging over the UK government. As the Conservatives have still not finalised a confidence and supply arrangement with the controversial Democratic Unionist Party (DUP) the strength of the minority government remains questionable. This could limit the odds of the UK facing a hard Brexit,...

CATEGORIES: Dollar Pound Forecasts

USD to JPY Exchange Rate Slips Back Towards Week’s Opening Levels

23 Jun 2017 at 12 PM - Written by Tim Boyer

Despite mixed Japanese data over the last week, a lack of sturdy Federal Reserve interest rate hike bets has seen the US Dollar to Japanese Yen exchange rate shed most of this week’s gains and trend closer to the week’s opening levels. Movement in USD/JPY was relatively narrow this week. The pair began the week trading at around 110.80 and advanced to a high of 111.74 earlier in the week. Towards the end of the week USD/JPY...

CATEGORIES: Japanese Yen Forecasts