Currency News: UK daily forex news and forecasts
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Australian Dollar to New Zealand Dollar Exchange Rate Today: AUD/NZD Falls, NZ Data Could Bolster NZ Dollar
25 Jan 2015 at 7 PM - Written by John Cameron
Latest Aus Dollar vs NZ Dollar Exchange Rate Outlook The Australian Dollar exchange rate fell against the New Zealand Dollar when iron ore price predictions fell again. Some major banking institutions have slashed their expectations for the price of Australia’s largest commodity in the coming year, and today Goldman Sachs added to that list. Iron ore prices declined by 47% in 2014 in a development that failed to offer the...
US Dollar to Pound Sterling Weekly Roundup: January 19 to 23
25 Jan 2015 at 7 PM - Written by Frank Davies
The week got off to a slow start for the Pound and US Dollar, as US markets were quiet due to the national holiday celebrating Martin Luther King’s birthday. Midweek, the US Dollar softened against a number of peers but remained at multi-year highs after the Bank of Japan refrained from expanding its monetary easing programme and instead chose to expand schemes aimed at boosting lending. The BOJ maintained the size of its...
Euro to Pound Outlook: EUR/GBP Exchange Rate Weekly Roundup January 19 to 23
25 Jan 2015 at 7 PM - Written by James Fuller
The Euro’s movements last week were dominated by the European Central Bank and market speculation as to whether the bank’s policy would have the nerve to announce measures large enough to tackle the malaise in the Eurozone economy. With the 19-member currency bloc sliding into deflation and the economies of France, Germany and Italy all stalling, economists were expecting something big. At the start of the week, the Euro...
Pound to Indian Rupee Advances on Disappointing growth forecast
25 Jan 2015 at 7 PM - Written by Minesh Chaudhari
The Pound made gains against the Indian Rupee after a growth forecast showed that the Indian economy would not grow as much as economists had previously expected. The report, which polled 19 analysts, showed that the Indian economy would pick up strength at the start of the year but by a smaller level than forecast. Falling oil prices and improved credit conditions are expected to increase consumer consumption and the...
Canadian Dollar Forecast: CAD Exchange Rate Downtrend Continues as Inflation Dips
25 Jan 2015 at 7 PM - Written by John Cameron
The Canadian Dollar extended declines against both the Pound and US Dollar on Friday following the publication of Canada’s Consumer Price Index for December. The ‘Loonie’ previously registered a three cent decline against the Pound and fell to a six-year low against the US Dollar following the Bank of Canada’s surprising decision to cut interest rates at its January gathering. The central bank hopes to combat the...
Pound Euro NEWSFLASH : Pound Sterling Volatility Forecast After ECB Quantitative Easing
22 Jan 2015 at 8 PM - Written by John Cameron
European Central Bank (ECB) Chief Mario Draghi surprised few commentators by announcing plans for a large scale sovereign purchase programme a short time ago. The consensus opinion amongst analysts had been that the euroland’s reserve bank would be committing €50bn per month to the scheme, so the two elements of Draghi’s announcement which caught investors on the back foot was the precise scale and longevity of the scheme....
CATEGORIES: American Dollar Forecasts Currency Predictions Dollar Pound Forecasts Euro Forecasts Euro Pound Forecasts New Zealand Dollar Forecasts Pound Dollar Forecasts Pound New Zealand Dollar Forecasts Pound Sterling Forecasts
Pound to Japanese Yen Exchange Rate Falls - GBP/JPY Slumps Despite BoJ Inflation Expectations Cut
22 Jan 2015 at 8 PM - Written by Tim Boyer
Pound Falls Against Japanese Yen (GBP/JPY) Despite Cut BoJ Inflation Expectations Cut The Pound slipped against the Japanese Yen on Thursday despite the Bank of Japan announcing that it had cut inflation forecasts. The bank has found it difficult to reach inflation targets amid forceful monetary policy and reform under the reign of Prime Minister Shinzo Abe. Japan has struggled with inflation for some time and this week saw...
Euro Dollar Exchange Rate Plummets to New 11-Year Low
22 Jan 2015 at 8 PM - Written by Frank Davies
The Euro weakened to a new 11-year low against the US Dollar on Thursday after the European Central Bank announced that it will launch a larger than expected quantitative easing programme which will total €1 trillion in an attempt to tackle stagnating inflation and stimulate growth across the 19-member Eurozone. ECB President Mario Draghi said at a press conference that the ECB would buy a total of €60 billion a month in...
Global Monetary Policy 'Loose as a Goose' - Volatility Forecast for EUR CAD NZD AUD
22 Jan 2015 at 10 AM - Written by John Cameron
The Bank of Canada (BoC) caught investors firmly on the back foot during yesterday’s session by announcing a surprise interest rate cut. Analysts had not predicted the 25 basis point downward shift in the BoC’s cost of borrowing, so the move saw the Canadian Dollar heavily sold off during the middle part of the North American session. Matt Weller of Gain Capital explained that, ‘that is a massive surprise and Dollar-CAD...
Pound Sterling to Indian Rupee weakens on Bank of England Minutes
21 Jan 2015 at 8 PM - Written by Frank Davies
The Pound Sterling softened against the Indian Rupee and all of its major peers after the Bank of England published the minutes for its January policy meeting. The UK currency weakened as the minutes showed that the Bank of England’s Monetary Policy Committee voted unanimously to leave interest rates unchanged at the record low level of 0.5%. The unanimous vote was the first seen since July last year and prompted investors to...
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