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GBP EUR Exchange Rate Trends Narrowly Ahead of ECB and BoE Comments

26 Jun 2017 at 4 PM - Written by Frank Davies

As the Conservatives and the Democratic Unionist Party (DUP) finally agreed a confidence and supply arrangement the Pound Euro exchange rate was encouraged to trend higher. However, this sense of optimism proved remarkably short-lived as the future of the minority Conservative government is still far from guaranteed at this juncture. While Brexit negotiations appear to have gotten off to a solid enough start a sense of...

CATEGORIES: Pound Euro Forecasts

GBP NZD Exchange Rate Rises as Conservative-DUP Deal is Signed

26 Jun 2017 at 1 PM - Written by Toni Johnson

Sterling’s recent advance still leaves GBP in a weak position, having only posted the best rate since June 21st. Pound Heads Up after DUP Deal is Finally Agreed The GBP NZD exchange rate has advanced today, thanks to a long-awaited government announcement. The Conservatives and Democratic Unionist Party (DUP) have finally reached an agreement, resulting in the formation of a working government. This comes over two...

CATEGORIES: Pound New Zealand Dollar Forecasts

Speculation over Central Bank Rate Hike Odds Boosts GBP USD Exchange Rate

23 Jun 2017 at 12 PM - Written by David Woodsmith

Ahead of the weekend the Pound US Dollar exchange rate remained on a bullish run, in spite of the ongoing sense of political uncertainty hanging over the UK government. As the Conservatives have still not finalised a confidence and supply arrangement with the controversial Democratic Unionist Party (DUP) the strength of the minority government remains questionable. This could limit the odds of the UK facing a hard Brexit,...

CATEGORIES: Dollar Pound Forecasts

USD to JPY Exchange Rate Slips Back Towards Week’s Opening Levels

23 Jun 2017 at 12 PM - Written by Tim Boyer

Despite mixed Japanese data over the last week, a lack of sturdy Federal Reserve interest rate hike bets has seen the US Dollar to Japanese Yen exchange rate shed most of this week’s gains and trend closer to the week’s opening levels. Movement in USD/JPY was relatively narrow this week. The pair began the week trading at around 110.80 and advanced to a high of 111.74 earlier in the week. Towards the end of the week USD/JPY...

CATEGORIES: Japanese Yen Forecasts

GBP to NZD Exchange Rate Tumbles Towards 2-Month-Low on RBNZ News

22 Jun 2017 at 12 PM - Written by Ben Hughes

This week’s Bank of England (BoE) news has left the British Pound to New Zealand Dollar exchange rate volatile, as investors wonder whether or not to bet on a 2017 UK interest rate hike. The New Zealand Dollar’s strength has kept GBP/NZD near its worst levels however. After opening this week at the level of 1.7625, GBP/NZD dropped and by the middle of the week had hit a two-month-low of 1.7390. The pair’s recovery was...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP/EUR Slips Lower as Haldane Rally Cools

22 Jun 2017 at 10 AM - Written by Toni Johnson

Demand for the British Pound generated yesterday by improving UK interest rate hike odds has dissipated today. The GBP/EUR exchange rate is stuck marginally below opening levels at 1.1339 today, as markets await the latest industry data from the Confederation of British Industry (CBI). GBP Weakens as Haldane Rally Runs out of Steam The Pound shot higher yesterday after Bank of England (BoE) Chief Economist Andy Haldane...

CATEGORIES: Pound Euro Forecasts

GBP NZD Exchange Rate Soars after BoE Dove Hints at 2017 Interest Rate Hike

21 Jun 2017 at 1 PM - Written by Toni Johnson

Sterling’s sharp rise against the New Zealand Dollar has been triggered by a statement from Andy Haldane, a long-time dovish BoE Monetary Policy Committee (MPC) voter. Change of Heart from BoE’s Haldane Triggers GBP Advance Although Wednesday had opened with traders focusing on the Queen’s speech, a more recent event had pushed up the Pound. This has been a statement from BoE Chief Economist Andy Haldane. Haldane...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP EUR Exchange Rate Tumbles to New Weekly Low over Concerns over DUP Deal

21 Jun 2017 at 12 PM - Written by John Cameron

The Pound Euro (GBP EUR) exchange rate slipped even further this morning, closing in on the multi-month low stuck last week as investors worry about the political landscape in the UK ahead of the Queen’s speech. Political Uncertainty Continues to Weaken Pound (GBP) Sterling sentiment remains low this morning ahead of the Queens speech in which the British Monarch is expected to outline the Conservative government’s...

CATEGORIES: Euro Pound Forecasts

GBP INR Exchange Rate Tumbles on Dimming Hopes of UK Interest Rate Hike

20 Jun 2017 at 4 PM - Written by Toni Johnson

Sterling’s recent decline against the Rupee is mainly due to reduced expectations of a UK interest rate hike. BoE Governor Carney Damages GBP with Rate Hike Caution The Pound has slumped by -0.6% against the Rupee today, following a dovish statement from Bank of England (BoE) Governor Mark Carney. Speaking at Mansion House, Carney outlined his cautious approach to monetary policy, saying; ‘From my perspective,...

CATEGORIES: Pound Rupee Forecasts

GBP to NOK Exchange Rate Tumbles on Comments from Bank of England Governor

20 Jun 2017 at 12 PM - Written by Tim Boyer

After volatile trade last week, the Pound to Norwegian Krone exchange rate could be in for another week of losses. Bank of England (BoE) Governor Mark Carney disappointed Pound traders on Tuesday, and the Krone has been stabilising. Last week saw GBP/NOK end the week slightly lower after wide fluctuations. This week, the pair has trended in a tighter range between 10.83 and 10.73. GBP/NOK trended closer to its lows on Tuesday....

CATEGORIES: Pound Norwegian Krone Forecasts