Latest Articles by David Woodsmith

The most recent currency news items written by author David Woodsmith.

GBP to USD Exchange Rate Plunges Despite US Political Uncertainties

18 Jul 2017 at 12 PM - Written by David Woodsmith

GBP to USD Exchange Rate Plunges Despite US Political Uncertainties
Forex markets have seen volatility already this week, as the British Pound to US Dollar exchange rate reacts to disappointing US news and lower-than-expected UK inflation results. The pair is lower on Tuesday as Bank of England (BoE) tightening bets drop. After a surge from 1.2888 to 1.3095 last week, GBP/USD briefly touched on a 2017 high...

CATEGORIES: Pound Dollar Forecasts

GBP ZAR Exchange Rate Extends Gains on Rate Hike Speculation Ahead of BoE Comments

11 Jul 2017 at 12 PM - Written by David Woodsmith

GBP ZAR Exchange Rate Extends Gains on Rate Hike Speculation Ahead of BoE Comments
Ahead of the latest commentary from Bank of England (BoE) policymakers the Pound South African Rand exchange rate strengthened sharply. Investors were encouraged to pile back into Sterling in anticipation of comments from deputy governor Ben Broadbent, who has yet to air his opinions in the wake of June’s unexpectedly split policy...

CATEGORIES: Pound Rand Forecasts

EUR to USD Exchange Rate Recovers to Week’s Opening Levels on ECB Hopes

7 Jul 2017 at 12 PM - Written by David Woodsmith

EUR to USD Exchange Rate Recovers to Week’s Opening Levels on ECB Hopes
Increased speculation that the European Central Bank (ECB) could be edging towards normalising monetary policy has helped the Euro to US Dollar exchange rate to recover this week. The ‘Greenback’ has been held back by an unclear Federal Reserve policy outlook. The outlook for EUR/USD remains strong. While the pair tumbled in the middle...

CATEGORIES: Euro Forecasts

Could Weaker UK Services PMI Extend GBP CAD Exchange Rate Losses?

4 Jul 2017 at 5 PM - Written by David Woodsmith

Could Weaker UK Services PMI Extend GBP CAD Exchange Rate Losses?
Confidence in the Pound remained decidedly muted on Tuesday, with June’s UK construction PMI falling short of forecast in the wake of a similarly disappointing manufacturing PMI. This indicated that growth in the UK economy lost some momentum in the last month, putting further pressure on the second quarter Gross Domestic...

CATEGORIES: Pound Canadian Dollar Forecasts

Speculation over Central Bank Rate Hike Odds Boosts GBP USD Exchange Rate

23 Jun 2017 at 12 PM - Written by David Woodsmith

Speculation over Central Bank Rate Hike Odds Boosts GBP USD Exchange Rate
Ahead of the weekend the Pound US Dollar exchange rate remained on a bullish run, in spite of the ongoing sense of political uncertainty hanging over the UK government. As the Conservatives have still not finalised a confidence and supply arrangement with the controversial Democratic Unionist Party (DUP) the strength of the minority...

CATEGORIES: Dollar Pound Forecasts

EUR to USD Exchange Rate Tumbles as Federal Reserve Eases Market Fears

15 Jun 2017 at 3 PM - Written by David Woodsmith

EUR to USD Exchange Rate Tumbles as Federal Reserve Eases Market Fears
After a brief surge to a fresh 2017-high on Wednesday, the Euro to US Dollar exchange rate tumbled and continued to fall on Thursday due to a lack of strong Eurozone data and market confidence in the US economy. Wednesday saw EUR/USD jump to a high of 1.1288, which was the pair’s best level since August 2016. On trending strongly for...

CATEGORIES: American Dollar Forecasts Euro Forecasts

GBP to INR Exchange Rate Slips as UK Wage Growth Disappoints

14 Jun 2017 at 11 AM - Written by David Woodsmith

GBP to INR Exchange Rate Slips as UK Wage Growth Disappoints
This week, concerning UK economic data has prevented the British Pound to Indian Rupee exchange rate from recovering much from its worst levels in over a month. After shedding a rupee last week, GBP/INR trended near a low of 81.47 on Tuesday. The pair has since recovered from this low but remains near the week’s opening levels of...

CATEGORIES: Pound Rupee Forecasts

Hung Parliament Continues to Weigh on GBP USD Exchange Rate as Political Uncertainty Persists

12 Jun 2017 at 5 PM - Written by David Woodsmith

Hung Parliament Continues to Weigh on GBP USD Exchange Rate as Political Uncertainty Persists
The fallout from the snap general election continued to weigh on the Pound US Dollar exchange rate at the start of the new week, driving the pairing to a fresh eight-week low. News that the Queen’s speech will be postponed gave rise to fresh political jitters, signalling that the partnership between the Conservatives and the DUP is far...

CATEGORIES: Dollar Pound Forecasts

GBP to NZD Exchange Rate Surges to New 2017 Highs

26 Apr 2017 at 2 PM - Written by David Woodsmith

GBP to NZD Exchange Rate Surges to New 2017 Highs
An increase in risk-sentiment at the beginning of this week didn’t last long, as news from the US and underwhelming commodity trade made markets quickly risk-averse again. As a result, the Pound to New Zealand Dollar exchange rate has easily advanced. GBP/NZD began this week trading at the level of 1.82. On Tuesday the pair soared and by...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

GBP USD Exchange Rate Slides after Sharp UK Sales Contraction

21 Apr 2017 at 1 PM - Written by David Woodsmith

GBP USD Exchange Rate Slides after Sharp UK Sales Contraction
After March’s UK retail sales data proved worse than expected the Pound US Dollar exchange rate came under renewed pressure. Investors were wrong-footed to find that sales had contracted -1.8% on the month, indicating that consumers have started to dramatically cut back on spending. With inflationary pressure set to mount further over...

CATEGORIES: Dollar Pound Forecasts