Currency News: UK daily forex news and forecasts
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Latest Currency News Headlines
Historic UK Borrowing Surplus Pushes Up GBP NZD Exchange Rate
22 Aug 2017 at 12 PM - Written by Ben Hughes
STORY LINK Historic UK Borrowing Surplus Pushes Up GBP NZD Exchange Rate
The Pound’s minor advance against the New Zealand Dollar comes despite heavy scepticism about the UK borrowing surplus.
GBP NZD Exchange Rate Rises despite Mixed Reception to UK Borrowing Stats
The Pound has made a minor advance against the New Zealand Dollar today, following the news that the UK borrowing deficit has moved into a surplus range in July.
This is the first surplus recorded since 2002, but the reception...
CATEGORIES: Pound New Zealand Dollar Forecasts
Is it Time to take profits on euro to pound sterling exchange rate?
22 Aug 2017 at 7 AM - Written by Ben Hughes
STORY LINK Is it Time to take profits on euro to pound sterling exchange rate?
The best euro exchange rates seen against the pound sterling and US dollar remain vulnerable according to several leading foreign exchange institutions.
All eyes are on Friday’s Jackson Hole risk with a pair of speeches from Fed Chair Yellen (10am ET) and ECB President Draghi (3pm ET).
ECB Summer Recess almost over for Euro traders
The Summer Recess was always going to be a tough bridge for the Euro to cross unscathed....
CATEGORIES: Currency Predictions Euro Pound Forecasts
Quite Trade sees Pound to Canadian Dollar Exchange Rate Near Opening Levels - Retail Sales Tomorrow
20 Aug 2017 at 9 AM - Written by David Woodsmith
STORY LINK Quite Trade sees Pound to Canadian Dollar Exchange Rate Near Opening Levels - Retail Sales Tomorrow
The live Pound to Canadian Dollar exchange rate on Monday August 21 is quoted at 1.62108, a value that has little changed over the course of the day.
With little data released today, all eyes will be on Tuesday's retail sales print.
According to Scotiabank foreign exchange analysts, "CAD is quiet, consolidating in a tight range around Friday’s close at the upper end of its two week range. Near-term domestic risk is limited...
CATEGORIES: Pound Canadian Dollar Forecasts
Pound to South African Rand Exchange Rate Predictions: Gold Prices Support ZAR
20 Aug 2017 at 8 AM - Written by John Cameron
STORY LINK Pound to South African Rand Exchange Rate Predictions: Gold Prices Support ZAR
The Pound South African Rand exchange rate is seen trading higher at the beginning of the new week on currency markets, quoted at 16.99719.
The euro and US dollar are also clawing back some losses.
GBP/ZAR posted significant losses last week as foreign exchange markets were left disappointed by the UK's latest inflation figures.
Pound (GBP) Weakened by Lacklustre Data
Sterling got off to a poor start this week as the...
CATEGORIES: Currency Predictions Pound Rand Forecasts
British Pound to Euro FX Rate Flounders on Lack of Data
18 Aug 2017 at 5 PM - Written by John Cameron
STORY LINK British Pound to Euro FX Rate Flounders on Lack of Data
The pound to euro exchange rate crashed lower on Friday afternoon as a UK data drought left Sterling vulnerable to yesterday’s mixed retail sales figures and continued scepticism regarding the UK’s Brexit negotiations.
Year-on-year UK retail sales increased by 1.3% in July, significantly down from the previous month’s revised 2.8% figure and below the 1.4% consensus.
The month-on-month figure, however, was consistent...
CATEGORIES: Currency Predictions Pound Euro Forecasts
Today's Best Euro Rate Slides but EUR/GBP Remains High Despite ECB Rhetoric
18 Aug 2017 at 1 PM - Written by Minesh Chaudhari
STORY LINK Today's Best Euro Rate Slides but EUR/GBP Remains High Despite ECB Rhetoric
The euro to pound sterling exchange rate ended the week's trade valued at 0.91339 on Saturday 19th August.
Analysts at Lloyds Bank highlight the EUR/GBP strength looks set to continue in the near-term:
"Still no change, with the current bull trend intact, despite traditional technical warning signs of a pullback. As we have highlighted, a break of support, which lies at 0.9075 today, is needed to confirm that process is...
CATEGORIES: Euro Pound Forecasts