Latest Articles by Ben Hughes

The most recent currency news items written by author Ben Hughes.

USD CAD Exchange Rate Slides as Fed Appears to be in No Hurry to Hike Rates

24 Feb 2017 at 4 PM - Written by Ben Hughes

USD CAD Exchange Rate Slides as Fed Appears to be in No Hurry to Hike Rates
The US Dollar to Canadian Dollar exchange rate trended flatly near the week’s opening levels on Friday afternoon after hitting a new weekly low of 1.3064. Demand for the Canadian Dollar improved following the publication of Canada’s impressive January Consumer Price Index (CPI) results. Year-on-year inflation rose from 1.2% to 2.1%...

CATEGORIES: Currency Predictions Daily Currency Updates

House of Lords Set to Debate Brexit Bill, GBP CAD Exchange Rate Rallies

20 Feb 2017 at 2 PM - Written by Ben Hughes

House of Lords Set to Debate Brexit Bill, GBP CAD Exchange Rate Rallies
The GBP CAD exchange rate has rallied by around a cent from its starting levels today as investors are optimistic about the possibility of the House of Lords making amendments to the government's Article 50 legislation. Pound Canadian Dollar (GBP CAD) Climbs as Peers Debate Brexit Bill The Pound Canadian Dollar (GBP CAD) exchange rate...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Canadian Dollar Forecasts

GBP to NOK Exchange Rate Falls Despite Oil Market Concerns

17 Feb 2017 at 4 PM - Written by Ben Hughes

GBP to NOK Exchange Rate Falls Despite Oil Market Concerns
The British Pound to Norwegian Krone exchange rate edged higher on Friday afternoon as prices of oil, Norway’s most lucrative commodity, slipped due to persistently high oil stocks in the US. Despite its Friday gains, the GBP/NOK exchange rate remains well below the week’s opening levels. However, the pair could continue to advance...

CATEGORIES: Norwegian Krone Forecasts

GBP to AUD Exchange Rate Advances as Risk-Sentiment Fades

14 Feb 2017 at 4 PM - Written by Ben Hughes

GBP to AUD Exchange Rate Advances as Risk-Sentiment Fades
The Pound to Australian Dollar exchange rate’s losses were minimised on Tuesday afternoon, as markets suddenly took a risk-off turn and sold the ‘Aussie’ due to an increase in demand for the US Dollar. Perceived hawkishness from Federal Reserve Chairwoman Janet Yellen left risky currencies like the ‘Aussie’ weaker on Tuesday...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Australian Dollar Forecasts

GBP to CAD Exchange Rate Advances as Fresh Oil Concerns Emerge

10 Feb 2017 at 5 PM - Written by Ben Hughes

GBP to CAD Exchange Rate Advances as Fresh Oil Concerns Emerge
The British Pound to Canadian Dollar exchange rate plunged on Friday afternoon. While the day’s UK data was impressive, the day’s strong Canadian employment report came as a real surprise to traders. Not only did Canada avoid losing -5k jobs in January, it made 48.3k new jobs. The participation rate increased from 65.8% to 65.9% and...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Daily Currency Updates

GBP ZAR Exchange Rate Trends Narrowly Ahead of Zuma State of the Nation Address

9 Feb 2017 at 4 PM - Written by Ben Hughes

GBP ZAR Exchange Rate Trends Narrowly Ahead of Zuma State of the Nation Address
The British Pound to South African Rand exchange rate flattened on Thursday afternoon, slumping from its weekly highs due to lower Bank of England (BoE) tightening bets. Investors became less optimistic about the foreseeable future of UK monetary policy once it emerged that BoE hawk Kristin Forbes was stepping down from the Monetary Policy...

CATEGORIES: Pound Rand Forecasts Pound Sterling Forecasts

Disappointing UK Services PMI and BoE Outlook Weighed on GBP INR Exchange Rate

3 Feb 2017 at 3 PM - Written by Ben Hughes

Disappointing UK Services PMI and BoE Outlook Weighed on GBP INR Exchange Rate
After the Bank of England (BoE) Inflation Report failed to raise the odds of an imminent return to monetary tightening the Pound Sterling to Indian Rupee (GBP INR) exchange rate was prompted to trend lower. Weaker Economic Momentum Weighed on GBP Confidence in the Pound weakened further after the UK Services PMI proved softer than...

CATEGORIES: Daily Currency Updates Pound Rupee Forecasts

Article 50 Bill Vote Approaches, Pound Australian Dollar Exchange Rate Rises

2 Feb 2017 at 10 AM - Written by Ben Hughes

Article 50 Bill Vote Approaches, Pound Australian Dollar Exchange Rate Rises
As the Australian trade surplus was found to have widened further than expected in December the GBP AUD exchange rate slumped sharply, with confidence in the domestic economy improving. However, the Pound could recover some ground against its rival if the Bank of England (BoE) proves to be more hawkish at its first policy meeting of...

CATEGORIES: Currency Predictions Pound Australian Dollar Forecasts

GBP ZAR Exchange Rate Falls as Brexit Bill Expected to Pass Through Parliament

1 Feb 2017 at 3 PM - Written by Ben Hughes

GBP ZAR Exchange Rate Falls as Brexit Bill Expected to Pass Through Parliament
The British Pound to South African Rand exchange rate continued to test the day’s best levels throughout most of Wednesday afternoon. As South African’s own manufacturing PMI from Barclays had unexpectedly risen above the 50 contraction point for the first time in a while, the Pound’s gains against the Rand were...

CATEGORIES: Pound Rand Forecasts

US Dollar to British Pound Exchange Rate Forecast Advances amid Trump Jitters

31 Jan 2017 at 4 PM - Written by Ben Hughes

US Dollar to British Pound Exchange Rate Forecast Advances amid Trump Jitters
The US Dollar to British Pound exchange rate plunged on Tuesday afternoon as the Pound strengthened while the US Dollar was undermined by the latest Trump jitters and US economic concerns. Tuesday afternoon’s US consumer confidence results from January disappointed investors, falling to 111.8 despite being predicted to come in at a...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Dollar Forecasts