Latest Articles by Frank Davies

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

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

Exchange Rate Forecast - GBP AUD Gains as Pound Boosted by UK CPI

13 Dec 2016 at 3 PM - Written by Frank Davies

Exchange Rate Forecast - GBP AUD Gains as Pound Boosted by UK CPI
GBP AUD Exchange Rate Firmed by Unexpected Rise in UK Inflation The Pound has been in demand against the Australian Dollar today, thanks to the earlier UK inflation rate figures for November rising above forecasts. While an advance from 0.9% to 1% on the year had been predicted anyway, the annual rise to 1.2% turned the Pound bullish...

CATEGORIES: Australian Dollar Forecasts Currency Predictions Daily Currency Updates Pound Sterling Forecasts

UK Trade Deficit Shows Sharp Reduction, Pound US Dollar Exchange Rate Returns to Form

9 Dec 2016 at 11 AM - Written by Frank Davies

UK Trade Deficit Shows Sharp Reduction, Pound US Dollar Exchange Rate Returns to Form
Pound US Dollar Exchange Rate Climbs after Better-than-Expected UK Trade Result Sterling has managed to gain against the US Dollar today, equating to a GBP USD exchange rate of 1.26. The latest UK data has facilitated this rise in GBP’s value, with the October trade balance showing a sizable reduction in the deficit from -5.81bn to...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterling Forecasts

Pound to Dollar Exchange Rate: 'Mid 1.26s More of Less Pivotal for GBP Now'

9 Dec 2016 at 10 AM - Written by Frank Davies

Pound to Dollar Exchange Rate: 'Mid 1.26s More of Less Pivotal for GBP Now'
The end-of-week session finds the pound to dollar exchange rate modestly higher on the day at 1.26038. Where next for GBP/USD in short-term outlook? "Cable’s mid-week slide failed to generate any real follow through and the market remains essentially range bound between 1.25/1.29." note Scotiabank in their daily report to...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Dollar Forecasts

Pound US Dollar Exchange Rate Trades Near 2 Month High after US Claims Surprise Economists

1 Dec 2016 at 4 PM - Written by Frank Davies

Pound US Dollar Exchange Rate Trades Near 2 Month High after US Claims Surprise Economists
Pound US Dollar Jumps after ‘Soft Brexit’ Comments The Pound has been the clear winner in the GBP USD pairing during trading today, having been pushed higher by the latest Brexit talks. Taking the lead has been Brexit Minister David Davis, who stated that the UK could leave the EU but stay in the single market by paying for...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterling Forecasts

GBP EUR Exchange Rate Plummets as Markets Anticipate Downbeat Autumn Statement

23 Nov 2016 at 1 PM - Written by Frank Davies

GBP EUR Exchange Rate Plummets as Markets Anticipate Downbeat Autumn Statement
The GBP EUR exchange rate continued to decline this morning as markets forecast a downbeat Autumn Statement from Chancellor Philip Hammond this afternoon as it reflects the challenges the UK faces in 'Brexit'. Pound Euro (GBP EUR) Exchange Rate Slides as Investors Predict Gloomy Autumn Statement The Pound Euro (GBP EUR) exchange rate...

CATEGORIES: Currency Predictions Daily Currency Updates Euro Forecasts Pound Euro Forecasts

Pound Sterling (GBP) to Euro (EUR) Climbs Above Key 1.17 Level

18 Nov 2016 at 9 AM - Written by Frank Davies

Pound Sterling (GBP) to Euro (EUR) Climbs Above Key 1.17 Level
The Pound to Euro exchange rate advanced on Thursday night despite performing flatly for most of the day as traders decided to go bullish on the day’s highly impressive UK retail sales results from October. Despite hitting a weekly low of 1.1494 on Tuesday, GBP/EUR has largely trended near the week’s opening levels of 1.16. However, on...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts