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Latest Articles by Ben Hughes at Currency News UK

Latest Articles by Ben Hughes

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

EUR to GBP Exchange Rate Slips as UK Wage Growth Beats Expectations

16 Aug 2017 at 11 AM - Written by Ben Hughes

EUR to GBP Exchange Rate Slips as UK Wage Growth Beats Expectations
Strong data from the Eurozone and Britain boosted both the Euro and British Pound today, but investors were more eager to buy the recently undervalued Pound from its lows. This caused the Euro to Pound exchange rate to fall. After a brief boost to a new 2017 high of 0.9139, EUR/GBP slipped on Wednesday to below the level of 0.91 again. The...

CATEGORIES: Euro Pound Forecasts

GBP to AUD Exchange Rate Edges Higher as Markets Become Risk-Averse

9 Aug 2017 at 1 PM - Written by Ben Hughes

GBP to AUD Exchange Rate Edges Higher as Markets Become Risk-Averse
A rise in market risk-aversion on Wednesday has helped the British Pound to Australian Dollar exchange rate to advance from its weekly lows, despite the latest Australian data falling short of market expectations. After broad Pound weakness last week left GBP/AUD at the level of 1.6441, the pair touched on a low of 1.6396 yesterday. Since...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to NZD Exchange Rate Surges as New Zealand Unemployment Disappoints

2 Aug 2017 at 12 PM - Written by Ben Hughes

GBP to NZD Exchange Rate Surges as New Zealand Unemployment Disappoints
After poor performance in recent weeks, the British Pound to New Zealand Dollar exchange rate is surging this week as demand for risk-correlated currencies drops and New Zealand’s latest ecostats disappoint. After opening the week at the low level of 1.7476, GBP/NZD has made a strong recovery. On Wednesday the pair hit a fresh...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to USD Exchange Rate Slips as Investors Await Fresh Brexit Talks

17 Jul 2017 at 4 PM - Written by Ben Hughes

GBP to USD Exchange Rate Slips as Investors Await Fresh Brexit Talks
Despite a drop in Federal Reserve interest rate hike bets and underwhelming US ecostats, the British Pound to US Dollar exchange rate slipped when markets opened this week. It has sustained most of last week’s advances however. Federal Reserve uncertainty has seen GBP/USD advance in recent weeks. Last week, GBP/USD advanced from 1.2888...

CATEGORIES: Pound Dollar Forecasts

GBP to INR Exchange Rate Fails to Sustain Gains as BoE’s Broadbent Disappoints

11 Jul 2017 at 4 PM - Written by Ben Hughes

GBP to INR Exchange Rate Fails to Sustain Gains as BoE’s Broadbent Disappoints
A lack of appeal in emerging market currencies like the Indian Rupee has not helped the British Pound to Rupee exchange rate’s recovery this week. Sterling traders are hesitant to buy the Pound amid rising economic uncertainties. After last week’s big drop, GBP/INR began this week trading at the level of 83.25. The pair has since...

CATEGORIES: Pound Rupee Forecasts

GBP to INR Exchange Rate Tumbles on UK Growth Concerns

4 Jul 2017 at 3 PM - Written by Ben Hughes

GBP to INR Exchange Rate Tumbles on UK Growth Concerns
This week has seen India roll out its new Goods and Services Tax (GST), which has led to cautious but optimistic Indian Rupee trade. The Pound to Indian Rupee exchange rate has slipped as this week’s UK PMIs have so far disappointed. After making big gains last week on surprising Bank of England (BoE) news, GBP/INR ended the week trading...

CATEGORIES: Pound Rupee Forecasts

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