Latest Articles by Frank Davies

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

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

Weetabix Announce Price Rise, GBP AUD Exchange Rate Slides

31 Jan 2017 at 4 PM - Written by Frank Davies

Weetabix Announce Price Rise, GBP AUD Exchange Rate Slides
The Pound to Australian Dollar made a sturdy recovery from its weekly lows of 1.6446 on Tuesday afternoon. At the time of updating, GBP/AUD was up over 0.2%. Demand for the Australian Dollar plunged on Tuesday afternoon as investors sought out ‘safe haven’ currencies amid fresh Trump jitters. Sterling also strengthened as UK MPs...

CATEGORIES: Australian Dollar Forecasts Pound Sterling Forecasts

GBP NZD Exchange Rises as MPs Plan to Scrutinise Governments Brexit Strategy

26 Jan 2017 at 4 PM - Written by Frank Davies

GBP NZD Exchange Rises as MPs Plan to Scrutinise Governments Brexit Strategy
The British Pound to New Zealand Dollar exchange rate advanced on Thursday afternoon, though the pair failed to maintain the weekly highs seen in the morning. After its relatively strong movement for most of the week, the New Zealand Dollar weakened on Thursday as risk-seeking traders looked to stocks instead of commodity-correlated...

CATEGORIES: Currency Predictions Daily Currency Updates New Zealand Dollar Forecasts

Conflicting UK Data Releases Leave Investors Wary of UK Currency, GBP NZD Exchange Rate Crashes

12 Jan 2017 at 3 PM - Written by Frank Davies

Conflicting UK Data Releases Leave Investors Wary of UK Currency, GBP NZD Exchange Rate Crashes
The Pound to New Zealand Dollar exchange rate continued to trend near the week’s worst levels on Thursday afternoon and is unlikely to recover by the end of the week due to a lack of incoming UK news. The anticipated decision date of the UK Supreme Court is expected to be made at least three working days before judgement is confirmed and...

CATEGORIES: Daily Currency Updates Pound New Zealand Dollar Forecasts

UK Data Helps Pound US Dollar Exchange Rate Recover from Lows

5 Jan 2017 at 4 PM - Written by Frank Davies

UK Data Helps Pound US Dollar Exchange Rate Recover from Lows
The Pound to US Dollar exchange rate tested its weekly best levels on Thursday afternoon as the US Dollar was sold ahead of Friday’s session. Friday’s US Non-Farm Payroll report will be the final one before President-elect Donald Trump takes office on the 20th, and as a result is being seen as a vital show of how the job market is...

CATEGORIES: Currency Predictions Dollar Pound Forecasts

Lasting Fed Optimism Pushes GBP USD to One-Month Low

20 Dec 2016 at 1 PM - Written by Frank Davies

Lasting Fed Optimism Pushes GBP USD to One-Month Low
The Pound to US Dollar exchange rate slumped on Monday and extended losses as the week continued. A lack of strong new UK ecostats meant there was little reason for investors to buy into the British currency this week and the Fed-strengthened USD was in fashion. GBP/USD began the week at the level of 1.2490 but dived to 1.23 – its lowest...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterling Forecasts

How Does the Fed’s Policy Decision Affect Global Currency Forecasts?

15 Dec 2016 at 4 PM - Written by Frank Davies

How Does the Fed’s Policy Decision Affect Global Currency Forecasts?
The Federal Reserve’s Wednesday policy decision continued to have a strong effect on global foreign exchange markets on Thursday afternoon. Demand for risk-correlated currencies like the Australian Dollar and New Zealand Dollar remained limited, while the US Dollar continued to surge against rivals with a close negative correlation like...

CATEGORIES: Australian Dollar Forecasts Canadian Dollar Forecasts Currency Predictions Daily Currency Updates Pound Dollar Forecasts Pound Euro Forecasts