Latest Articles by James Fuller

The most recent currency news items written by author James Fuller.

GBP to CHF Exchange Rate Holds Near Highs on Central Bank News

16 Jun 2017 at 12 PM - Written by James Fuller

GBP to CHF Exchange Rate Holds Near Highs on Central Bank News
This week’s central bank news has proven to be the biggest influence on the British Pound to Swiss Franc exchange rate. Investors bought the Pound after a surprising Bank of England (BoE) meeting but the Swiss National Bank (SNB) meeting was predictably cautious. As a result the Pound has recovered from its worst levels. GBP/CHF briefly...

CATEGORIES: Pound Swiss Franc Forecasts

USD JPY Exchange Rate Tumbles as Markets Brace for Comey Testimony

7 Jun 2017 at 3 PM - Written by James Fuller

USD JPY Exchange Rate Tumbles as Markets Brace for Comey Testimony
The US Dollar Japanese Yen (USD JPY) exchange rate trended lower on Wednesday as investors become increasingly cautious ahead of former FBI Director, James Comey's testimony in front of Congress on Thursday. Mr Comey, who was fired by President Trump at the start of May, is expected to testify on allegations that Trump attempted to...

CATEGORIES: American Dollar Forecasts

GBP NOK Exchange Rate Trades Tightly after Election Polls Show Falling Conservative Lead

1 Jun 2017 at 1 PM - Written by James Fuller

GBP NOK Exchange Rate Trades Tightly after Election Polls Show Falling Conservative Lead
Over the current week, the Pound has steadily risen against the Krone, climbing from a starting rate of 10.7429 to a high of 10.9029 on Wednesday. Since this peak, however, the Pound has dropped off, trading around 10.8612 today. This recent slide follows an opinion poll that put the Conservatives just 3 percentage points ahead of Labour....

CATEGORIES: Norwegian Krone Forecasts Pound Sterling Forecasts

GBP ZAR Exchange Rate Surges on Surprise UK Unemployment Rate Drop

17 May 2017 at 4 PM - Written by James Fuller

GBP ZAR Exchange Rate Surges on Surprise UK Unemployment Rate Drop
The Pound’s significant gains against the Rand come after a mixed UK data release, which brought historically positive and negative results. On the supportive side, UK unemployment in March dropped from 4.7% to 4.6%, bettering forecasts for no movement. This put unemployment at a historic low, while the percentage of employed persons has...

CATEGORIES: Daily Currency Updates Pound Rand Forecasts

EUR GBP Exchange Rate Tight ahead of High-Impact BoE Inflation Report

10 May 2017 at 4 PM - Written by James Fuller

EUR GBP Exchange Rate Tight ahead of High-Impact BoE Inflation Report
The Euro’s lacklustre performance against the Pound today follows a speech from ECB President Mario Draghi. Although Draghi was optimistic about Eurozone growth, he stressed that ‘it is too early to declare success’. This ‘wait and see’ attitude, along with a frosty reception from the Dutch MPs Draghi was speaking to, has...

CATEGORIES: Euro Pound Forecasts

GBP NOK Exchange Rate Holds onto Gains After Bullish Services PMI

4 May 2017 at 2 PM - Written by James Fuller

GBP NOK Exchange Rate Holds onto Gains After Bullish Services PMI
A trio of better-than-expected UK PMIs offered support to the Pound Norwegian Krone exchange rate, suggesting that the economy is bouncing back from a weak first quarter. The manufacturing, construction and service sectors all demonstrated a solid level of growth on the month, even as price pressures continued to build thanks to the...

CATEGORIES: Pound Norwegian Krone Forecasts

GBP AUD Exchange Rate Rallies as UK Construction Impresses

3 May 2017 at 4 PM - Written by James Fuller

GBP AUD Exchange Rate Rallies as UK Construction Impresses
The Pound Australian Dollar (GBP AUD) exchange rate extended yesterday’s gains this morning following the release of the UK’s latest Construction PMI. According to data compiled by IHS Markit activity in the UK’s construction sector grew from 52.2 to 53.1 in April, rising at its fastest pace in four months and greatly exceeding...

CATEGORIES: Australian Dollar Forecasts

GBP INR Exchange Rate Fluctuates Ahead of UK Growth Report

27 Apr 2017 at 11 AM - Written by James Fuller

GBP INR Exchange Rate Fluctuates Ahead of UK Growth Report
The Pound Indian Rupee (GBP INR) exchange rate continues to fluctuate this week ahead of the release of the UK’s Q1 GDP figures tomorrow. Economists expect that the UK’s economic growth is likely to have fallen at the start of 2017 as the consequences of Brexit finally begin to catch up, leading GDP to fall from 0.7% to 0.4% in the...

CATEGORIES: Currency Predictions Pound Rupee Forecasts

GBP JPY Exchange Rate Tumbles as UK Retail Sales Plummet

21 Apr 2017 at 11 AM - Written by James Fuller

GBP JPY Exchange Rate Tumbles as UK Retail Sales Plummet
The Pound Japanese Yen (GBP JPY) exchange rate tumbled from its best levels this morning following the shocking collapse of UK Retail Sales figures last month. Sterling softened as data released by the ONS showed that sales contracted to -1.8% in March, a major decline from the 1.7% sales growth seen the month before and a far larger...

CATEGORIES: Japanese Yen Forecasts

GBP AUD Exchange Rate Softens Despite Risk Aversion

7 Apr 2017 at 4 PM - Written by James Fuller

GBP AUD Exchange Rate Softens Despite Risk Aversion
The British Pound to Australian Dollar exchange rate slipped slightly from its weekly highs throughout Friday’s session due to underwhelming UK ecostats, but still looked to end the week above its opening levels. Risk-averse behaviour in forex trade remained high throughout the week, and disappointing price movement in the iron ore...

CATEGORIES: Pound Australian Dollar Forecasts