Latest Articles by Frank Davies

The most recent currency news items written by author Frank Davies.

GBP USD Exchange Rate Trades at 7-Month High despite Slowing UK Growth

28 Apr 2017 at 2 PM - Written by Frank Davies

GBP USD Exchange Rate Trades at 7-Month High despite Slowing UK Growth
With UK GDP failing to support Sterling, the UK currency has instead risen on a Bank of America Merill Lynch (BAML) forecast upgrade. This has pushed the Pound to 1.29 against the US Dollar. In a note to clients, BAML Currency Analyst Kamal Sharma said; ‘The announcement of a June 8th general election was a game-changing event for...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Dollar Forecasts

GBP EUR Exchange Rate Rallies from Worse Levels Amid Euro Profit Taking

26 Apr 2017 at 2 PM - Written by Frank Davies

GBP EUR Exchange Rate Rallies from Worse Levels Amid Euro Profit Taking
The Pound Euro (GBP EUR) exchange rate began to trend higher this morning as investors moved to consolidate their recent gains. The Euro’s advance was halted this morning as markets saw an opportunity for profit taking, following the single currency’s rally after the result of first round voting in the French Presidential...

CATEGORIES: Daily Currency Updates Pound Euro Forecasts

GBP to INR Exchange Rate Drops on Defiantly Strong Rupee

25 Apr 2017 at 11 AM - Written by Frank Davies

GBP to INR Exchange Rate Drops on Defiantly Strong Rupee
Despite market optimism towards the upcoming UK election, the British Pound has been unable to hold its ground against the Indian Rupee this week. Demand for the Rupee jumped on Monday in an emerging market rally and has remained strong. GBP/INR opened the week at the level of 82.83. After briefly striking 83.16, its best level since...

CATEGORIES: Pound Rupee Forecasts

GBP to EUR Exchange Rate Slips on Rising Hopes for Macron Win in French Election

20 Apr 2017 at 11 AM - Written by Frank Davies

GBP to EUR Exchange Rate Slips on Rising Hopes for Macron Win in French Election
The Pound to Euro exchange rate fell from its weekly highs on Wednesday evening and Thursday morning. While Sterling sentiment remains solid, the Euro has seen an increase in demand causing the pair to slip. GBP/EUR began this week trending at the level of 1.1799. On Tuesday the pair gained over a cent and on Wednesday hit 1.1990 – its...

CATEGORIES: Daily Currency Updates Euro Pound Forecasts

GBP EUR Exchange Rate Rallies as Theresa May Calls for Snap Election

18 Apr 2017 at 2 PM - Written by Frank Davies

GBP EUR Exchange Rate Rallies as Theresa May Calls for Snap Election
The Pound Euro (GBP EUR) exchange rate rallied from a brief drop this morning as Prime Minister Theresa May called for a snap General Election. Pound Euro (GBP EUR) Jumps on Election Announcement Sterling rose sharply against the Euro this morning following the announcement from Theresa May that she wished to call for a General...

CATEGORIES: Currency Predictions Euro Pound Forecasts

GBP USD Exchange Rate Plummets as UK Manufacturing Disappoints

4 Apr 2017 at 4 PM - Written by Frank Davies

GBP USD Exchange Rate Plummets as UK Manufacturing Disappoints
The British Pound to US Dollar exchange rate continued to slide on Tuesday afternoon. Investors hesitated to buy the Pound amid concerns that Wednesday’s UK services PMI would also fail to meet expectations. The US Dollar saw little change in movement in the afternoon despite news that February’s US trade deficit had lightened further...

CATEGORIES: Dollar Pound Forecasts

GBP CAD Exchange Rate Spikes as BoE’s Forbes Pushes for Rate Hike

17 Mar 2017 at 4 PM - Written by Frank Davies

GBP CAD Exchange Rate Spikes as BoE’s Forbes Pushes for Rate Hike
The British Pound to Canadian Dollar exchange rate continued to trend near the week’s best levels on Friday afternoon and looked to end the week over half a cent above its opening levels. Oil prices have been in flux throughout the week, making it difficult for the Canadian Dollar to benefit. This week’s Bank of England (BoE) news has...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Canadian Dollar Forecasts

GBP USD Exchange Rate Crashes as Traders Wake Up to Harsh Brexit Realities

15 Mar 2017 at 10 AM - Written by Frank Davies

GBP USD Exchange Rate Crashes as Traders Wake Up to Harsh Brexit Realities
In spite of some disappointing UK wage growth figures the Pound to US Dollar exchange rate was trading bullishly on Wednesday morning. Some measure of confidence in Sterling was inspired by an unexpected dip in the ILO unemployment rate, which fell to its lowest level since 1975 at just 4.7%. [Previously updated 14/03/2017] GBP...

CATEGORIES: Pound Dollar Forecasts

Markets Brace for Brexit, GBP AUD Exchange Rate Volatile

13 Mar 2017 at 1 PM - Written by Frank Davies

Markets Brace for Brexit, GBP AUD Exchange Rate Volatile
The Pound Australian Dollar exchange rate was met by increased volatility this morning as reports suggest that Prime Minister Theresa May could invoke Article 50 by the end of the week. Pound Australian Dollar (GBP AUD) Volatile as Brexit Set to Begin The Pound Australian Dollar (GBP AUD) exchange rate fluctuated in trading today as...

CATEGORIES: Pound Australian Dollar Forecasts

GBP NOK Exchange Rate Jumps as Oil Prices Plummet

10 Mar 2017 at 3 PM - Written by Frank Davies

GBP NOK Exchange Rate Jumps as Oil Prices Plummet
The British Pound to Norwegian Krone exchange rate looked to end the week well above its opening levels despite broad weakness in the Pound as the Krone remained weak on disappointing oil news. Despite continued oil production cuts from OPEC and other collaborating oil producers, oil stocks remain high and the commodity’s prices are...

CATEGORIES: Currency Predictions Pound Norwegian Krone Forecasts