Currency News

Daily Exchange Rate Forecasts & Currency News

Currency News: UK daily forex news and forecasts

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Latest Currency News Headlines

Euro (EUR) Exchange Rate Outlook Improves on Deutsche (DBK.DE) Sentiment

30 Sep 2016 at 9 AM - Written by Tim Boyer

Euro Pound Exchange Rate Rallies, GBP/EUR Drops to 1.1533 The Euro to Pound Sterling (EUR GBP) exchange rate staged an impressive comeback during late trading yesterday, sending the GBP EUR exchange rate down from rates above 1.1600 down to an intraday low of 1.1533. Deutsche Bank Speculation Supports EUR to GBP, USD Currency Trading The shift back into euro-denominated assets was driven by improved sentiment towards...

CATEGORIES: Currency Predictions Daily Currency Updates Euro Forecasts Euro Pound Forecasts

OPEC Oil Deal Fails to Help NOK and CAD Exchange Rate Forecast

29 Sep 2016 at 3 PM - Written by Tim Boyer

Canadian Dollar, Norwegian Krone Exchange Rates Gain Initially on OPEC News Both the Canadian Dollar (CAD) and Norwegian Krone (NOK) recorded gains in response to some developments in the commodities market. The price of a barrel of Crude Oil spiked during overnight trading following the announcement from OPEC (the Organisation of the Petroleum Exporting Countries) that it had agreed to limit the output levels of its...

CATEGORIES: Canadian Dollar Forecasts Daily Currency Updates Pound Norwegian Krone Forecasts Pound Sterling Forecasts

GBP USD Exchange Rate Slips Below Key 1.30 Level as UK Data Fails to Impress

29 Sep 2016 at 11 AM - Written by Ben Hughes

The Pound to US Dollar exchange rate had been holding its ground above its worst levels for much of the week despite a lack of influential UK data to boost its appeal. However, as Thursday’s data failed to impress, some investors lost interest in the British currency. GBP/USD began the week trending at around 1.2969 and near its worst levels in five weeks. Since then, the pair has mounted a limited recovery but was unable to...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterling Forecasts

Pound Sterling Forecast Climbs versus Australian Dollar (AUD) and New Zealand Dollar (currency : NZD)

29 Sep 2016 at 9 AM - Written by Toni Johnson

Global investors are holding their breath at the prospect of another US interest rate hike before Christmas. The Pound US Dollar exchange rate has spent much of this week’s session lodged in the 1.2000s GBP USD as a consequence and analysts forecast that there could be further losses to come for the pair moving forward. USD Investors Watch as Fed Chair Janet Yellen Testifies before Lawmakers With this in mind, the market...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling Outlook vs EUR, USD CAD Exchange Rate Forecast

28 Sep 2016 at 4 PM - Written by John Cameron

The POUND STERLING (currency : GBP) has steadied following its sharp test lower on Monday. Comments from the Society of Motor Manufacturers and Traders (SMMT) suggesting that the domestic motoring industry would be under threat if the UK is not permitted access to the European single market mean that the selling pressure is likely to continue for Sterling. The UK unit is forecast to trade on a NEUTRAL TO NEGATIVE footing moving...

CATEGORIES: Pound Sterling Forecasts

GBP INR Exchange Rate Declines, BoE’s Shafik Hints at Further Easing

28 Sep 2016 at 4 PM - Written by Ben Hughes

Pound Sterling Exchange Rate Update: Uncertainty Persists for GBP after BoE’s Shafik Mentions Further Stimulus Measures The Pound has failed to post much of a gain against the Indian Rupee (GBP INR) today, instead fluctuating against the currency in the face of investor instability. The latest knock to confidence in the Pound has come from BoE official Nemat Shafik, who emphasised how ready policymakers were to cut the UK...

CATEGORIES: Daily Currency Updates Pound Rupee Forecasts

South African Rand Exchange Rate Forecast Falls on WTO Report

28 Sep 2016 at 9 AM - Written by John Cameron

The Pound Sterling (currency : GBP) was hit hard in the early part of the week following comments from the European Union’s finance ministers suggesting that post-Brexit Britain will not be permitted to access the single market unless she signs up for freedom of movement of labour. The prospect of the UK losing its free trade status with the other 27 members of the European Union sent shivers down the spine of global investors;...

CATEGORIES: South African Rand Forecasts

Pound Sterling Canadian Dollar Exchange Rate Rises as Commodity Costs Leave ‘Loonie’ Soft

27 Sep 2016 at 5 PM - Written by James Fuller

British Pound News: Gains for GBP after WTO Offers Post-Brexit Light The Pound has managed to advance against the Canadian Dollar and make a number of other gains today, although more cautious investors remain wary that this situation will be only temporary for Sterling. The latest UK domestic data has actually been broadly negative, with the Confederation of British Industry (CBI) distributive trades result for September...

CATEGORIES: Canadian Dollar Forecasts

Pound Sterling Mexican Peso Exchange Rate Slumps on Clinton Performance, EUR USD Outlook

27 Sep 2016 at 4 PM - Written by John Cameron

The POUND STERLING (currency : GBP) has been resurgent against the majority of the other sixteen most actively traded global currencies during today’s session. However, many analysts have been quick to suggest that the UK unit’s performance was no more than a ‘dead cat bounce’ and that talk of post-Brexit Britain being barred from the European single market will weigh down Sterling moving forward. The Pound is forecast to...

CATEGORIES: Pound Sterling Forecasts

Deutsche Bank Fears and Draghi Comments Sink Euro (EUR) Forecast

27 Sep 2016 at 9 AM - Written by John Cameron

Shares in leading German retail bank Deutsche Bank AG (DBK.DE) sank by almost 7% during yesterday’s session as rumours swept the market about the state of the venerable lender’s balance sheet. The plunge took Deutsche Bank’s share price to its lowest level since 1985 and prompted questions to European Central Bank President Mario Draghi regarding his bank’s willingness to stage a bail-out, if required. Speaking at the...

CATEGORIES: Euro Pound Forecasts