Latest Articles by Frank Davies

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

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

GBP USD Exchange Rate Crashes as Near-Term Fed Rate Hike Odds Rise

2 Mar 2017 at 3 PM - Written by Frank Davies

GBP USD Exchange Rate Crashes as Near-Term Fed Rate Hike Odds Rise
The British Pound to US Dollar exchange rate remained near its worst levels since January on Thursday afternoon as the day’s UK construction data was not enough to make the Pound more appealing than the bullish US Dollar. Demand for the US Dollar was also improved by Thursday afternoon’s news that the number of new US jobless claims...

CATEGORIES: Currency Predictions Dollar Pound Forecasts Pound Sterling Forecasts

USD to CAD Exchange Rate Edges Higher as Investors Await Trump Address

27 Feb 2017 at 1 PM - Written by Frank Davies

USD to CAD Exchange Rate Edges Higher as Investors Await Trump Address
The US Dollar to Canadian Dollar exchange rate shed all of last week’s gains on Friday as Canada’s latest inflation results impressed. USD/CAD opened this week edging higher on Fed rate hike bets. USD/CAD ultimately trended flatly last week, slipping from 1.3095 to 1.3091. When markets opened on Monday, USD/CAD edged higher to around...

CATEGORIES: Currency Predictions

Narrowed UK Trade Deficit Failed to Shore up GBP JPY Exchange Rate

10 Feb 2017 at 2 PM - Written by Frank Davies

Narrowed UK Trade Deficit Failed to Shore up GBP JPY Exchange Rate
In spite of December’s UK trade deficit narrowing further than forecast alongside a surge in industrial production figures the Pound Sterling Japanese Yen (GBP JPY) exchange rate remained weak ahead of the weekend. Solid UK Data Struggled to Boost GBP Demand While the UK visible trade balance was found to have narrowed from -11.5...

CATEGORIES: Currency Predictions Japanese Yen Forecasts Pound Sterling Forecasts

GBP/EUR, GBP/USD Boosted; Major Downside Risks Seem Spent

10 Feb 2017 at 5 PM - Written by Frank Davies

GBP/EUR, GBP/USD Boosted; Major Downside Risks Seem Spent
The British Pound to Euro exchange rate trended relatively flatly on Friday, while the British Pound to US Dollar exchange rate slipped by around -0.2%. Despite impressive UK trade data and a strong GDP estimate from NIESR, the Pound performed limply throughout the day. The US Dollar failed to capitalise however, as Michigan University’s...

CATEGORIES: Dollar Pound Forecasts Euro Forecasts Euro Pound Forecasts Pound Sterling Forecasts

GBP EUR Exchange Rate Slumps on Article 50 Bill Debate, Gloomy IFS Forecast

8 Feb 2017 at 3 PM - Written by Frank Davies

GBP EUR Exchange Rate Slumps on Article 50 Bill Debate, Gloomy IFS Forecast
The British Pound to Euro exchange rate flattened on Wednesday afternoon as the Pound’s bullishness from Tuesday afternoon faded and the Euro strengthened due to a weaker US Dollar. Sterling also slipped due to expectations that MPs would vote to pass the Article 50 bill through to the House of Lords on Wednesday evening. The...

CATEGORIES: Daily Currency Updates Euro Pound Forecasts

GBP/NZD Weakens on Reports of Business Brexit Damage

7 Feb 2017 at 4 PM - Written by Frank Davies

GBP/NZD Weakens on Reports of Business Brexit Damage
The British Pound to New Zealand Dollar exchange rate slightly narrowed its losses on Tuesday afternoon due to hawkish comments from Bank of England (BoE) policymaker Kristin Forbes. While the Pound was supported by Forbes’ claim that the UK economy may soon need to be supported by a BoE interest rate hike, the currency still lost out...

CATEGORIES: Currency Predictions Daily Currency Updates Pound New Zealand Dollar Forecasts