Latest Articles by Ben Hughes

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

GBP USD Exchange Rate Trended Higher After Bullish Retail Sales

23 Mar 2017 at 4 PM - Written by Ben Hughes

GBP USD Exchange Rate Trended Higher After Bullish Retail Sales
An unexpectedly sharp uptick in UK retail sales helped to boost the Pound US Dollar exchange rate, giving investors fresh reason to pile into Sterling. GBP Boosted by Strong Retail Sales Sales were found to have leapt 1.4% on the month in February, making up for January’s -0.5% contraction. This offered fresh evidence that...

CATEGORIES: Pound Dollar Forecasts

AUD to NZD Exchange Rate Trends Flatly Near Weekly Lows Ahead of RBNZ Meeting

22 Mar 2017 at 12 PM - Written by Ben Hughes

AUD to NZD Exchange Rate Trends Flatly Near Weekly Lows Ahead of RBNZ Meeting
The Australian Dollar to New Zealand Dollar exchange rate has tumbled since markets opened this week amid a lack of supportive Australian data and more optimistic New Zealand Dollar trade, ahead of this week’s Reserve Bank of New Zealand (RBNZ) meeting. AUD/NZD opened this week at the level of 1.0969 and has since slipped, hitting a low...

CATEGORIES: Australian Dollar Forecasts New Zealand Dollar Forecasts

GBP USD Exchange Rate Rises on BoE Rate Hike Speculation

21 Mar 2017 at 3 PM - Written by Ben Hughes

GBP USD Exchange Rate Rises on BoE Rate Hike Speculation
The British Pound to US Dollar exchange rate surged on Tuesday as Britain’s February inflation stats came in well above expectations. Dovish comments from Bank of England (BoE) Governor Mark Carney indicated that the bank will overlook a single point of better-than-expected data. Despite this, markets hopes for a tighter outlook from the...

CATEGORIES: Dollar Pound Forecasts

EUR to USD Exchange Rate Tests Monthly Highs on Cautious Optimism in Eurozone

21 Mar 2017 at 3 PM - Written by Ben Hughes

EUR to USD Exchange Rate Tests Monthly Highs on Cautious Optimism in Eurozone
The Euro to US Dollar exchange rate surged on Tuesday, hitting its best levels since early-November 2016 following Monday’s televised French election debate. The debate saw centrist front runner put in a strong performance against his anti-EU opponent Marine Le Pen. As bets of a Macron win increased, the Euro saw relief from its recent...

CATEGORIES: Daily Currency Updates Euro Forecasts

USD GBP Exchange Rate Could Surge on Hawkish Fed Commentary

16 Mar 2017 at 3 PM - Written by Ben Hughes

USD GBP Exchange Rate Could Surge on Hawkish Fed Commentary
The US Dollar to British Pound exchange rate plunged on Thursday afternoon following the week’s Bank of England (BoE) policy decision. While monetary policy was left frozen as expected, Kristin Forbes, a member of the Monetary Policy Committee (MPC), unexpectedly voted to hike UK interest rates back up to 0.5%. This bolstered bets that...

CATEGORIES: Currency Predictions Daily Currency Updates Dollar Pound Forecasts

EUR GBP Exchange Rate Forecast – Key German Data and BoE Decision Ahead

13 Mar 2017 at 11 AM - Written by Ben Hughes

EUR GBP Exchange Rate Forecast – Key German Data and BoE Decision Ahead
The Euro to Pound exchange rate dropped from highs when markets opened on Monday as investors bought the Pound back up from its recent lows ahead of this week’s session, which could even see the beginning of the Brexit process. EUR/GBP surged last week, rising from 0.8638 and gaining over a pence throughout the week to end the week at...

CATEGORIES: Euro Pound Forecasts

GBP EUR Exchange Rate Stabilises as Greek GDP Disappoints

7 Mar 2017 at 3 PM - Written by Ben Hughes

GBP EUR Exchange Rate Stabilises as Greek GDP Disappoints
The British Pound to Euro exchange rate continued to trend near its worst levels since mid-January on Tuesday afternoon despite mixed Eurozone ecostats. Wednesday will see the UK Budget Statement being delivered by UK Chancellor of the Exchequer Philip Hammond. If Hammond surprises and impresses traders by revealing new infrastructure...

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

GBP USD Exchange Rate Forecast to Fall on Incoming Fed Speeches

3 Mar 2017 at 1 PM - Written by Ben Hughes

GBP USD Exchange Rate Forecast to Fall on Incoming Fed Speeches
Heavy GBP Losses Triggered by Slide in Services PMI The Pound is set to close trading against the US Dollar this week in a negative position, given the incoming US economic events. On the UK side, the latest decline has been caused by the services PMI for February, which has disappointed markets by showing a drop from 54.5 to 53.3, a...

CATEGORIES: Currency Predictions Daily Currency Updates Dollar Pound Forecasts

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