Latest Articles by Frank Davies

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

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

EUR to GBP Exchange Rate Gains on UK Election Jitters

31 May 2017 at 1 PM - Written by Frank Davies

 EUR to GBP Exchange Rate Gains on UK Election Jitters
After a brief drop earlier in the week, the Euro to British Pound exchange rate recovered on Tuesday evening and Wednesday morning due to fresh uncertainty about next week’s UK general election. EUR/GBP began the week trading at the level of 0.8730 but dropped to a low of 0.8662 on Tuesday. By Wednesday morning the pair was trending near...

CATEGORIES: Daily Currency Updates Euro Pound Forecasts

GBP ZAR Exchange Rate Near Monthly Lows after Surprise UK GDP Slowdown

25 May 2017 at 3 PM - Written by Frank Davies

GBP ZAR Exchange Rate Near Monthly Lows after Surprise UK GDP Slowdown
The Pound’s poor performance today follows the release of second estimates for UK GDP growth in the first quarter. On the positive side, the annual estimate has been revised up from 1.9% to 2%; this notably fell short of the predicted 2.1%. The more impactful and damaging news, however, has been that quarter-on-quarter growth has been...

CATEGORIES: Daily Currency Updates Pound Rand Forecasts

USD to EUR Exchange Rate Tumbles on Hawkish Merkel, Strong Eurozone Data

23 May 2017 at 11 AM - Written by Frank Davies

USD to EUR Exchange Rate Tumbles on Hawkish Merkel, Strong Eurozone Data
Demand for the US Dollar has been limp in recent weeks which has led to easy gains for the Euro. As a result, the US Dollar to Euro exchange rate dropped on Monday as the shared currency was bolstered by hawkish comments from German Chancellor Angela Merkel. Last week saw significant losses for USD/EUR as the pair fell from 0.9149 to...

CATEGORIES: Dollar Pound Forecasts Euro Forecasts

GBP to NOK Exchange Rate Tumbles on UK Election Concerns and Oil Price Strength

22 May 2017 at 2 PM - Written by Frank Davies

GBP to NOK Exchange Rate Tumbles on UK Election Concerns and Oil Price Strength
Recent strong UK data has been unable to keep the British Pound to Norwegian Krone exchange rate buoyed, as the pair plunged last week and continued to tumble when markets opened on Monday morning. Last week saw the GBP/NOK exchange rate fall from 11.03 to 10.92 after failing to recover in the middle of the week. On Monday morning the pair...

CATEGORIES: Daily Currency Updates Norwegian Krone Forecasts

GBP NZD Exchange Rate Rallies as Industrial Orders Surge

19 May 2017 at 2 PM - Written by Frank Davies

GBP NZD Exchange Rate Rallies as Industrial Orders Surge
The Pound New Zealand Dollar (GBP NZD) exchange rate leapt to a new weekly high this morning as UK factory orders printed higher than expected last month According to data released by the Confederation of British Industry (CBI) Britain’s industrial orders balance rose from 4 to 9 in April, beating expectations that they would remain...

CATEGORIES: Daily Currency Updates Pound New Zealand Dollar Forecasts

EUR to USD Exchange Rate Calmer Ahead of Friday’s Key Data

11 May 2017 at 10 AM - Written by Frank Davies

EUR to USD Exchange Rate Calmer Ahead of Friday’s Key Data
Thursday finally saw the Euro recover slightly after being sold in profit-taking for most of the week. The Euro to US Dollar exchange rate has also benefitted from decent Eurozone data and US political jitters. After Sunday’s election of pro-EU Emmanuel Macron as the next President of France, EUR/USD briefly jumped to a high of 1.1022 at...

CATEGORIES: Daily Currency Updates Euro Forecasts