Latest Articles by Frank Davies

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

GBP USD Exchange Rate Under Pressure as UK Inflation Fails to Accelerate

15 Aug 2017 at 1 PM - Written by Frank Davies

GBP USD Exchange Rate Under Pressure as UK Inflation Fails to Accelerate
Investors were not impressed by the latest UK consumer price index data, leaving the Pound US Dollar exchange rate on a sharp slump. As inflation unexpectedly held steady at 2.6% on the year in July this further undermined bets that the Bank of England (BoE) could still raise interest rates before the end of the year. Signs continued to...

CATEGORIES: Pound Dollar Forecasts

GBP NZD Exchange Rate Rally Forecast Ahead of Dovish RBNZ Policy Meeting

8 Aug 2017 at 2 PM - Written by Frank Davies

GBP NZD Exchange Rate Rally Forecast Ahead of Dovish RBNZ Policy Meeting
A fresh bout of Brexit-based uncertainty helped to keep the Pound New Zealand Dollar exchange rate under pressure at the start of the week. Clarity over the likely outcome of negotiations remained distinctly lacking as a result of conflicting reports regarding the size of the UK’s divorce bill, and what the government might be willing to...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound Australian Dollar Exchange Rate Forecast to Strengthen Further on Neutral RBA Outlook

31 Jul 2017 at 5 PM - Written by Frank Davies

Pound Australian Dollar Exchange Rate Forecast to Strengthen Further on Neutral RBA Outlook
Even though UK consumer credit rose to more than 200 billion in June the Pound Australian Dollar exchange rate remained on a bullish run. While this marked the highest level of unsecured consumer credit since the 2008 financial crisis investors continued to favour the Pound throughout Monday’s European session. In part this was thanks...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to AUD Exchange Rate Edges Higher as UK Retail Sales Beat Projections

20 Jul 2017 at 10 AM - Written by Frank Davies

GBP to AUD Exchange Rate Edges Higher as UK Retail Sales Beat Projections
This week’s UK data has been mixed, but the British Pound to Australian Dollar exchange rate began to recover from its multi-month-lows towards the end of the week in reaction to Thursday’s UK and Australian ecostats. After plummeting from 1.6720 to a three-month-low of 1.6334 earlier in the week, the GBP/AUD exchange rate edged higher...

CATEGORIES: Pound Australian Dollar Forecasts

Volatility Forecast for USD CAD Exchange Rate on Fed Meeting Minutes

5 Jul 2017 at 10 AM - Written by Frank Davies

Volatility Forecast for USD CAD Exchange Rate on Fed Meeting Minutes
With investors awaiting the release of the Federal Open Market Committee’s (FOMC) June meeting minutes the US Dollar Canadian Dollar exchange rate has been trending in a narrow range. As markets are already pricing in high odds of the Fed opting to raise interest rates again at either its July or September meetings, though, the upside...

CATEGORIES: Canadian Dollar Forecasts

GBP to CAD Exchange Rate Flat as UK Political Developments Fail to Boost Confidence

27 Jun 2017 at 12 PM - Written by Frank Davies

GBP to CAD Exchange Rate Flat as UK Political Developments Fail to Boost Confidence
This week’s UK political developments and Brexit comments have done little to influence the British Pound to Canadian Dollar exchange rate. The Pound remains limp on uncertainty while the Canadian Dollar has been weakened due to oil concerns. The pair appears to have stabilised somewhat after last week however. GBP/CAD opened this week...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP EUR Exchange Rate Trends Narrowly Ahead of ECB and BoE Comments

26 Jun 2017 at 4 PM - Written by Frank Davies

GBP EUR Exchange Rate Trends Narrowly Ahead of ECB and BoE Comments
As the Conservatives and the Democratic Unionist Party (DUP) finally agreed a confidence and supply arrangement the Pound Euro exchange rate was encouraged to trend higher. However, this sense of optimism proved remarkably short-lived as the future of the minority Conservative government is still far from guaranteed at this...

CATEGORIES: Pound Euro Forecasts

Muted UK Wage Growth Could Prompt GBP USD Exchange Rate Downtrend Ahead of BoE Meeting

13 Jun 2017 at 5 PM - Written by Frank Davies

Muted UK Wage Growth Could Prompt GBP USD Exchange Rate Downtrend Ahead of BoE Meeting
As the Conservatives looked set to secure a confidence and supply arrangement with the Democratic Unionist Party (DUP) in order to shore up a minority government the Pound US Dollar exchange rate recovered some ground. With the sense of political uncertainty in the UK diminishing somewhat investors were encouraged to pile back into...

CATEGORIES: Dollar Pound Forecasts

GBP EUR Exchange Rate Remains Under Pressure in Final Days of UK Election Campaign

6 Jun 2017 at 2 PM - Written by Frank Davies

GBP EUR Exchange Rate Remains Under Pressure in Final Days of UK Election Campaign
As May’s BRC like-for-like sales data proved discouraging the Pound Euro exchange rate weakened, reversing some of the week’s earlier gains. Confidence in the Pound remains somewhat limited ahead of Thursday’s general election, even though the odds continue to favour a Conservative victory. With opinion polls still pointing...

CATEGORIES: Pound Euro Forecasts

GBP NZD Exchange Rate Trends Higher Despite Slowing UK Services PMI

5 Jun 2017 at 1 PM - Written by Frank Davies

GBP NZD Exchange Rate Trends Higher Despite Slowing UK Services PMI
May’s UK services PMI proved a disappointing start to the week, although not enough to prevent the Pound New Zealand Dollar exchange rate holding onto a modest uptrend. While the index slowed from 55.8 to 53.8 the sector nevertheless remains in a solid state of growth, even though political uncertainty has weighed on growth in recent...

CATEGORIES: Pound New Zealand Dollar Forecasts