Latest Articles by Ben Hughes

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

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

22 Jun 2017 at 12 PM - Written by Ben Hughes

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

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP ZAR Exchange Rate Slips as Markets Reassess BoE Rate Hike Odds

16 Jun 2017 at 1 PM - Written by Ben Hughes

GBP ZAR Exchange Rate Slips as Markets Reassess BoE Rate Hike Odds
As the Bank of England (BoE) proved unexpectedly divided at its June policy meeting the Pound South African Rand exchange rate was prompted to trend sharply higher. Markets had anticipated just one dissenting vote at the meeting, leading investors to pile back into Sterling when the minutes revealed that three policymakers were in favour...

CATEGORIES: South African Rand Forecasts

GBP EUR Exchange Rate Slips Despite Impressive Construction PMI

2 Jun 2017 at 11 AM - Written by Ben Hughes

GBP EUR Exchange Rate Slips Despite Impressive Construction PMI
The Pound Euro (GBP EUR) exchange rate remains on the back foot this morning despite a better than expected UK Construction PMI. According to data published by IHS Markit, activity in the UK’s construction sector surged from 53.1 to 56.0 in May, easily outpacing expectations that it would slip to 52.7 and striking its best levels since...

CATEGORIES: Pound Euro Forecasts

USD GBP Exchange Rate Slumps after Trump Communications Director Quits

30 May 2017 at 4 PM - Written by Ben Hughes

USD GBP Exchange Rate Slumps after Trump Communications Director Quits
The US Dollar-damaging headline has been that Michael Dubke, the Trump administration’s Communications Director, has quit. The news comes as Trump returns from his first international tour, having passed through the Middle East and Europe on a whistle-stop visit. Dubke’s surprise resignation may be just the first of many removals and...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts

GBP USD Exchange Rate Rockets to Seven-Month High as Retail Sales Surge

18 May 2017 at 2 PM - Written by Ben Hughes

GBP USD Exchange Rate Rockets to Seven-Month High as Retail Sales Surge
The GBP USD exchange rate surged to a new seven-month high this morning as the UK’s retail sales grew faster than expected last month. The Pound leapt over $1.30 for the first time since early October as data released by the Office for National Statistics (ONS) showed that UK retail sales surged from -1.4% to 2.3% in April, sailing past...

CATEGORIES: Currency Predictions Dollar Pound Forecasts

Indian Finance Minister’s Confidence in Economy Undermines GBP/INR

12 May 2017 at 4 PM - Written by Ben Hughes

Indian Finance Minister’s Confidence in Economy Undermines GBP/INR
A lack of UK data, coupled with a positive outlook for the Indian economy and monetary policy, has pushed the Pound Sterling to Indian Rupee exchange rate down -0.2% to 82.7830. The UK data docket has been entirely empty today, giving markets nothing to distract them from yesterday’s poor data and disappointing developments from the Bank...

CATEGORIES: Pound Rupee Forecasts

GBP to USD Exchange Rate Benefits from Trump Jitters

10 May 2017 at 12 PM - Written by Ben Hughes

GBP to USD Exchange Rate Benefits from Trump Jitters
After slipping earlier in the week, the Pound to US Dollar exchange rate began to recover on Tuesday evening and Wednesday as investors reacted with shock to news that US President Donald Trump had fired the Director of the FBI. Despite recovery from its weekly lows, GBP/USD continues to trend below the week’s opening levels. GBP/USD...

CATEGORIES: Dollar Pound Forecasts

GBP NZD Exchange Rate Slumps on Fresh Fears of Hard Brexit

8 May 2017 at 4 PM - Written by Ben Hughes

GBP NZD Exchange Rate Slumps on Fresh Fears of Hard Brexit
Sterling has traded at 1.87 against the New Zealand Dollar, down from a rate of 1.88 on May 7th. The only UK economic news on Monday has covered house prices; the Halifax price index reprinted growth on the year but showed no monthly change. More impactful has been the French Presidential election, which concluded with a landslide...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

GBP to USD Exchange Rate Near 7-Month Highs ahead of Key ‘Obamacare’ Repeal Vote

4 May 2017 at 1 PM - Written by Ben Hughes

GBP to USD Exchange Rate Near 7-Month Highs ahead of Key ‘Obamacare’ Repeal Vote
Sterling-supportive news has been the UK services PMI for April. As with manufacturing and construction PMIs this week, the services result has risen instead of falling as forecast. Elsewhere, new car sales in April plummeted on the year by nearly -20%, though this was attributable to a recent change in vehicle excise duty (VED). The...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts

EUR/USD Sluggish despite Greek Bailout Deal Breakthrough

2 May 2017 at 1 PM - Written by Ben Hughes

EUR/USD Sluggish despite Greek Bailout Deal Breakthrough
The Euro to US Dollar exchange rate is stuck around opening levels today, despite positive data and developments from the Eurozone. The finalised Markit manufacturing PMIs have confirmed that the economic recovery in the Eurozone continued to strengthen in April, with growth in factory activity accelerating to a six-year high. Apart...

CATEGORIES: Euro Forecasts