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GBP to NZD Exchange Rate Surges to New 2017 Highs
26 Apr 2017 at 2 PM - Written by David Woodsmith
STORY LINK GBP to NZD Exchange Rate Surges to New 2017 Highs
An increase in risk-sentiment at the beginning of this week didn’t last long, as news from the US and underwhelming commodity trade made markets quickly risk-averse again. As a result, the Pound to New Zealand Dollar exchange rate has easily advanced.
GBP/NZD began this week trading at the level of 1.82. On Tuesday the pair soared and by Wednesday’s European session it had reached a high of 1.85 – its best levels since...
CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts
GBP EUR Exchange Rate Rallies from Worse Levels Amid Euro Profit Taking
26 Apr 2017 at 2 PM - Written by Frank Davies
STORY LINK GBP EUR Exchange Rate Rallies from Worse Levels Amid Euro Profit Taking
The Pound Euro (GBP EUR) exchange rate began to trend higher this morning as investors moved to consolidate their recent gains.
The Euro’s advance was halted this morning as markets saw an opportunity for profit taking, following the single currency’s rally after the result of first round voting in the French Presidential elections.
Markets were buoyed as centrist Emmanuel Macron progressed to the second round where he...
CATEGORIES: Daily Currency Updates Pound Euro Forecasts
Can USD JPY Exchange Rate Maintain Bullish Trend on Trump Tax Cut Push?
25 Apr 2017 at 5 PM - Written by John Cameron
STORY LINK Can USD JPY Exchange Rate Maintain Bullish Trend on Trump Tax Cut Push?
News that Donald Trump is aiming to cut corporate tax from 35% to 15% in his much-anticipated tax reform package prompted the US Dollar Japanese Yen (USD JPY) exchange rate to strengthen.
Markets were encouraged by the prospect of hard plans, even though such a cut would leave a significant hole in the US budget and could face opposition in Congress.
Although April’s consumer confidence index weakened further than forecast...
CATEGORIES: Daily Currency Updates Japanese Yen Forecasts
GBP to INR Exchange Rate Drops on Defiantly Strong Rupee
25 Apr 2017 at 11 AM - Written by Frank Davies
STORY LINK GBP to INR Exchange Rate Drops on Defiantly Strong Rupee
Despite market optimism towards the upcoming UK election, the British Pound has been unable to hold its ground against the Indian Rupee this week. Demand for the Rupee jumped on Monday in an emerging market rally and has remained strong.
GBP/INR opened the week at the level of 82.83. After briefly striking 83.16, its best level since February, GBP/INR fell and at the time of writing trends close to the level of 82.35.
CATEGORIES: Pound Rupee Forecasts
Record Low UK Deficit Triggers GBP CAD Advance
25 Apr 2017 at 10 AM - Written by Ben Hughes
STORY LINK Record Low UK Deficit Triggers GBP CAD Advance
Sterling’s rise against the Canadian Dollar today has partly come from UK borrowing data, which has shown the annual deficit fall to the lowest since the 2007-08 financial crisis.
Monthly data has been less positive, with March’s deficit hitting -5.1bn instead of the forecast -3bn.
Canadian economic anxiety has also aided the GBP CAD rise, with falling Canadian sales lowering trader confidence in the...
CATEGORIES: Pound Canadian Dollar Forecasts
Can GBP AUD Exchange Rate Weaken Further on Rising Australian Inflation?
24 Apr 2017 at 3 PM - Written by Toni Johnson
STORY LINK Can GBP AUD Exchange Rate Weaken Further on Rising Australian Inflation?
Risk appetite generally picked up at the start of the week, weighing down the Pound Australian Dollar exchange rate as markets reacted to the results of the first round of the French presidential election with relief.
As the odds of a fresh populist upset and victory for Eurosceptic Marine Le Pen were seen to decline investors piled back into higher-yielding assets, including the Australian Dollar.
Confidence in the Pound,...
CATEGORIES: Australian Dollar Forecasts Daily Currency Updates
GBP USD Exchange Rate Ticks Up on US Uncertainty over Taxes
24 Apr 2017 at 2 PM - Written by Ben Hughes
STORY LINK GBP USD Exchange Rate Ticks Up on US Uncertainty over Taxes
The Pound’s small advance against the US Dollar today follows a Confederation of British Industry (CBI) report on manufacturing and business optimism.
The CBI’s data shows manufacturing orders to be growing at their fastest pace in six years, while orders from outside the European Union were the highest ever.
The cloud to the silver lining has been a specific slowdown in April’s exports, which has led some to speculate...
CATEGORIES: Currency Predictions Pound Dollar Forecasts
EUR to GBP Exchange Rate Surges on Macron’s First Round French Election Win
24 Apr 2017 at 10 AM - Written by Ben Hughes
STORY LINK EUR to GBP Exchange Rate Surges on Macron’s First Round French Election Win
When markets opened on Monday morning, the Euro surged as investors scrambled to buy it following the results of Sunday’s French vote. The first round of France’s Presidential election ended with pro-EU Emmanuel Macron in first, giving the Euro to British Pound exchange rate a huge boost.
EUR/GBP plunged from 0.8474 to 0.8368 last week, losing a cent when it was confirmed that Britain would have a general election on the...
CATEGORIES: Currency Predictions Euro Pound Forecasts
GBP USD Exchange Rate Slides after Sharp UK Sales Contraction
21 Apr 2017 at 1 PM - Written by David Woodsmith
STORY LINK GBP USD Exchange Rate Slides after Sharp UK Sales Contraction
After March’s UK retail sales data proved worse than expected the Pound US Dollar exchange rate came under renewed pressure.
Investors were wrong-footed to find that sales had contracted -1.8% on the month, indicating that consumers have started to dramatically cut back on spending.
With inflationary pressure set to mount further over the coming months, even as wage growth stagnates, sales are likely to see continued...
CATEGORIES: Dollar Pound Forecasts
GBP to NZD Exchange Rate Falls Back from Highs on Disappointing UK Sales Data
21 Apr 2017 at 12 PM - Written by Tim Boyer
STORY LINK GBP to NZD Exchange Rate Falls Back from Highs on Disappointing UK Sales Data
This week has seen significant gains in the Pound to New Zealand Dollar exchange rate, but the pair was unable to hold its weekly highs on Friday as the latest UK retail sales data came in well below expectations.
GBP/NZD began the week trending at the level of 1.7896 and on Tuesday the pair gained around three cents in value. The pair hit a 2017 high of 1.8321 on Thursday which was also its best level since August 2016. At the...
CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts