Latest Articles by Ben Hughes

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

GBP EUR Exchange Rallies as PM Outlines 'Brexit' Plans

18 Jan 2017 at 3 PM - Written by Ben Hughes

GBP EUR Exchange Rallies as PM Outlines 'Brexit' Plans
The British Pound to Euro exchange rate continued to trend over half a cent below the day’s opening levels towards the end of Wednesday’s session, but was able to limit its losses after a date for the Supreme Court’s Article 50 case decision was announced. UK Supreme Court will announce whether it will side with the High Court or UK...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Euro Forecasts

Pound Canadian Dollar Exchange Rate Advances on Risk-Off Trading

13 Jan 2017 at 11 AM - Written by Ben Hughes

Pound Canadian Dollar Exchange Rate Advances on Risk-Off Trading
Risk appetite generally declined ahead of the weekend thanks to an unexpectedly sharp contraction in Chinese exports, which prompted the Pound Canadian Dollar (GBP CAD) exchange rate to trend higher. Less Dovish BoE Comments Boosted Pound Sterling Confidence in the Pound (GBP) picked up in the wake of comments from Bank of England...

CATEGORIES: Currency Predictions Pound Canadian Dollar Forecasts

Mixed German Data Leaves EUR CHF Trending Lower

13 Jan 2017 at 4 PM - Written by Ben Hughes

Mixed German Data Leaves EUR CHF Trending Lower
The Euro to Swiss Franc exchange rate continued to fluctuate within a narrow range on Friday afternoon as no fresh influential data moved the exchange rates from the day’s opening levels. The Swiss Franc may see an increase in demand in the next week however as US President-elect Donald Trump will be inaugurated on the 20th and could see...

CATEGORIES: Currency Predictions Pound Swiss Franc Forecasts

Concerning UK Trade Data Sends GBP USD Reeling

12 Jan 2017 at 4 PM - Written by Ben Hughes

Concerning UK Trade Data Sends GBP USD Reeling
The Pound to US Dollar exchange rate fell from its best levels since Monday on Thursday afternoon as Sterling was weakened once more by the latest Brexit jitters. Investors became anxious and jittery on the Pound as it was finally confirmed when UK Prime Minister Theresa May would hold high highly anticipated Brexit speech. Though the...

CATEGORIES: Dollar Pound Forecasts

Pound Euro Exchange Rate Drops to 1.16 Today as Haldane Forecast Hits Home

6 Jan 2017 at 2 PM - Written by Ben Hughes

Pound Euro Exchange Rate Drops to 1.16 Today as Haldane Forecast Hits Home
GBP EUR Exchange Rate Recap: Major Pound Losses Follow Haldane’s BoE Forecast The Pound has shed any gains recorded against the Euro on Thursday after the positive services PMI result, and has instead slumped by -0.3% against the Euro. The source of the waning demand for GBP has been Bank of England (BoE) official Andy Haldane, who in...

CATEGORIES: Currency Predictions Euro Forecasts Euro Pound Forecasts

Eurozone Retail PMI Disappoints, EUR/USD Exchange Rate Softens

6 Jan 2017 at 4 PM - Written by Ben Hughes

Eurozone Retail PMI Disappoints, EUR/USD Exchange Rate Softens
The Euro to US Dollar exchange rate fell from its best levels on Friday afternoon as the latest US Non-Farm Payroll results left traders optimistic about the US economy in 2017. While the job market didn’t increase as much as expected in December 2016, the increase in jobs was close enough to forecasts to not be concerning and some...

CATEGORIES: Currency Predictions Euro Forecasts

GBP CAD Exchange Rate Volatile as Britain Faces ‘Decade of Disruption’

30 Dec 2016 at 4 PM - Written by Ben Hughes

GBP CAD Exchange Rate Volatile as Britain Faces ‘Decade of Disruption’
The Pound to Canadian Dollar exchange rate fluctuated as the final week of 2016 drew to a close, but due to waning demand for risk-correlated currencies the pair ended the week relatively close to its opening levels. Overall in 2016 GBP/CAD lost around 40 cents in value. It could continue to fall in the New Year if early results from...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions

Pound Sterling (GBP) to Swiss Franc (CHF) Slips as Swiss-EU Relations Improve

23 Dec 2016 at 3 PM - Written by Ben Hughes

Pound Sterling (GBP) to Swiss Franc (CHF) Slips as Swiss-EU Relations Improve
The Pound to Swiss Franc exchange rate slipped to its worst levels since November on Friday as Brexit concerns continued to weigh on Sterling appeal despite the day’s decent UK growth results. GBP/CHF fell from the week’s opening level of 1.2818 to a monthly low of 1.2562. Pound (GBP) Fails to Benefit from Friday’s UK Growth...

CATEGORIES: Swiss Franc Forecasts

US Dollar Japanese Yen Exchange Rate Predictions: Potential for Major US Gains

21 Dec 2016 at 2 PM - Written by Ben Hughes

US Dollar Japanese Yen Exchange Rate Predictions: Potential for Major US Gains
USD JPY Exchange Rate Update: Losses for USD Follow Trump Hints of Terror Response The US Dollar Japanese Yen exchange rate has been generally poor today, with the pairing declining due to uncertainties present among US investors. The latest domestic news has mainly focused on President-Elect Trump, who has stated in response to recent...

CATEGORIES: Daily Currency Updates

Pound Sterling (GBP) to US Dollar (USD) Slumps as Fed Takes on Hawkish 2017 Outlook

16 Dec 2016 at 5 PM - Written by Ben Hughes

Pound Sterling (GBP) to US Dollar (USD) Slumps as Fed Takes on Hawkish 2017 Outlook
The Pound to US Dollar exchange rate struggled to recover on Friday afternoon as American markets opened and the US Dollar increased in strength. This was despite the day’s US ecostats coming in well below expectations. US housing start figures for November came in at -18.7% month-on-month while building permits came in at a low...

CATEGORIES: Currency Predictions Daily Currency Updates Dollar Pound Forecasts