Currency News: UK daily forex news and forecasts

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Foreign Exchange Rate Outlook: Pound Sterling, Canadian Dollar, Swiss Franc

4 Mar 2015 at 8 PM - Written by John Cameron

Latest Exchange Rate Report for the Canadian Dollar, Pound Sterling and the Swiss Franc The Canadian Dollar (currency:CAD) has been the star performer in the global currency markets this afternoon following the bank of Canada’s announcement that it was set to maintain its key interest rate at its current level of 0.75%. The Pound Sterling to Canadian Dollar exchange rate dropped to as low as 1.9028 GBP/CAD during the...

CATEGORIES: Australian Dollar Forecasts Canadian Dollar Forecasts Currency Predictions New Zealand Dollar Forecasts Pound Australian Dollar Forecasts Pound Canadian Dollar Forecasts Pound New Zealand Dollar Forecasts Pound Sterling Forecasts Pound Swiss Franc Forecasts Swiss Franc Forecasts

Pound to Indian Rupee Exchange Rate Stronger as RBI makes shock rate cut

4 Mar 2015 at 8 PM - Written by Ben Hughes

The Pound advanced against the Indian Rupee after the Indian Central Bank surprised the markets by making another interest rate cut in an attempt to weaken what it deems an overvalued currency. The action also shows that the central bank is supporting the government’s plans to revive economic growth as inflation falls because of weaker oil prices. ‘The surprise rate cut by the RBI should be a short-term positive for the...

CATEGORIES: Currency Predictions Daily Currency Updates Indian Rupee Forecasts Pound Rupee Forecasts

Pound (GBP) Falls against New Zealand Dollar (NZD) As Oceanic Sentiment Climbs

4 Mar 2015 at 8 PM - Written by Tim Boyer

Pound (GBP) Falls against New Zealand Dollar (NZD) As Oceanic Sentiment Climbs The Pound slipped against the New Zealand Dollar on Wednesday after the UK’s service sector showed evidence of cooling. In addition, the ‘Kiwi’ was offered some support along with other commodity currencies when the Australian central bank failed to cut interest rates by another 25 basis points as economists expected. ANZ stated: ‘Commodity...

CATEGORIES: Currency Predictions Daily Currency Updates New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts

Exchange Rate Forecasts: British Pound, Euro, Canadian Dollar and Swiss Franc

4 Mar 2015 at 10 AM - Written by John Cameron

Today's Pound Sterling Forecasts vs the Euro, the Canadian Dollar and the Swiss Franc Conversion Rates Yesterday morning’s economic data which revealed that the pace of growth in Britain’s construction sector had accelerated helped the POUND STERLING (currency:GBP) to enjoy a relatively positive session. Monday’s Mortgage Approvals figures disappointed, but analysts still forecast that the Pound will perform on a...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts Canadian Dollar Forecasts Euro Forecasts Euro Pound Forecasts Pound Australian Dollar Forecasts Pound Canadian Dollar Forecasts Pound Dollar Forecasts Pound Euro Forecasts Pound Sterling Forecasts

Pound Advances against South African Rand Due to PMI Data

3 Mar 2015 at 11 PM - Written by Frank Davies

The Pound Sterling advanced against the South African Rand as it received support from a better than forecast Construction Purchasing Managers Index (PMI). According to index compiled by Markit/CIPS, activity in the UK construction sector rose a whole point to come in at 60.1, a figure that beat economist forecasts for a decline to 59.0, and was the highest number seen since October last year. The data showed that activity in the...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Rand Forecasts South African Rand Forecasts

Losses Forecast For British Pound Sterling vs Australian Dollar After RBA Announcement

3 Mar 2015 at 11 PM - Written by John Cameron

Exchange Rate Forecasts for the Pound Sterling to Australian Dollar Conversion GBP/AUD, USD/AUD, NZD/AUD & EUR/AUD Exchange Rate Losses Forecast The closely-monitored VIX ‘Fear Gauge’ slumped to its lowest level since before Christmas when trading got underway in North America following the weekend market shutdown yesterday. VIX dropped to as low as $13.45 during New York’s morning session as investors continued to...

CATEGORIES: Australian Dollar Forecasts Canadian Dollar Forecasts Currency Predictions New Zealand Dollar Forecasts Pound Australian Dollar Forecasts Pound Canadian Dollar Forecasts Pound New Zealand Dollar Forecasts Pound Sterling Forecasts

Pound Climbs Versus Swiss Franc (GBP/CHF) Despite Resilient Swiss Data

3 Mar 2015 at 11 PM - Written by David Woodsmith

The Pound advanced against the Swiss Franc on Tuesday after both upbeat UK and Swiss data emerged. The day began with Swiss Gross Domestic Product stats, which showed stronger-than-expected expansion. The fourth quarter of 2014 recorded 0.6% growth Q-o-Q, allowing the annual figure to remain steady at 1.9% rather than fall to 1.7% as predicted. However, the ecostat reviews the period of time before the Swiss National Bank removed...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Swiss Franc Forecasts Swiss Franc Forecasts

Losses Forecast for British Pound Sterling GBP on People’s Bank of China Action

3 Mar 2015 at 1 PM - Written by John Cameron

The US Federal Reserve and the Bank of England might be tentatively countenancing an interest rate hike, but there are other major central banks which are moving rapidly towards a looser monetary policy. The People’s Bank of China (PBoC) announced on Saturday that it would be cutting its one year lending rate by 25 basis points to a relatively lowly 5.35%. The move represented the PBoC’s second rate cut in the space of the...

CATEGORIES: Australian Dollar Forecasts Canadian Dollar Forecasts Daily Currency Updates Dollar Pound Forecasts New Zealand Dollar Forecasts Pound Australian Dollar Forecasts Pound Canadian Dollar Forecasts Pound New Zealand Dollar Forecasts Pound Sterling Forecasts

Pound Dollar Forecast: Gains Predicted for GBP to USD Exchange Rate

2 Mar 2015 at 10 PM - Written by John Cameron

This afternoon’s session brings a brace of key data releases from the US which analysts forecast will shape the near term fortunes of the Pound Sterling US Dollar exchange rate. The GBP USD exchange rate ended last week at 1.5433, adding fuel to the market speculation that the pair has now performed a key reversal following its brief incursion below the 1.5000 threshold during recent months. The latest US Personal Consumption...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts Currency Predictions Dollar Pound Forecasts Pound Australian Dollar Forecasts Pound Dollar Forecasts Pound Sterling Forecasts

Pound Sterling to Canadian Dollar Exchange Rate Softens Despite Dire Data From Canada

2 Mar 2015 at 10 PM - Written by Toni Johnson

The Pound Sterling weakened against the Canadian Dollar despite the publication of a positive UK PMI and the release of dire data out of the North American nation. Early in the session the Pound advanced against the ‘Loonie’ and other major peers as the latest Markit/CIPS compiled Manufacturing Purchasing Managers Index (PMI) showed that activity in the sector improved to a seven month high in the second month of 2015. The...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Daily Currency Updates Pound Canadian Dollar Forecasts Pound Sterling Forecasts