Latest Articles by James Fuller

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

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

Weekly Currency Forecast: GBP CAD Rate in for Losses if UK Services PMI Slides

4 Apr 2017 at 4 PM - Written by James Fuller

Weekly Currency Forecast: GBP CAD Rate in for Losses if UK Services PMI Slides
The British Pound to Canadian Dollar exchange rate edged higher on Tuesday morning and neared its best weekly levels despite low demand for the Pound. While prices of oil, Canada’s most lucrative commodity, rose on Tuesday due to speculation of lightening US oil inventories, the Canadian Dollar failed to capitalise due to a risk-averse...

CATEGORIES: Daily Currency Updates Pound Canadian Dollar Forecasts

GBP USD Exchange Rate Drops as Confidence Returns to US Traders

29 Mar 2017 at 4 PM - Written by James Fuller

GBP USD Exchange Rate Drops as Confidence Returns to US Traders
The British Pound to US Dollar exchange rate edged up from its weekly lows on Wednesday afternoon, but may be unable to sustain any recovery as the Pound’s volatility worsened following the activation of Article 50. The afternoon’s US house prices data was optimistic which supported the US Dollar. Analysts predict the Pound’s...

CATEGORIES: Daily Currency Updates Pound Dollar Forecasts

GBP CHF Exchange Rate Slides after EC President Confirms Brexit ‘Divorce Bill’

24 Mar 2017 at 11 AM - Written by James Fuller

GBP CHF Exchange Rate Slides after EC President Confirms Brexit ‘Divorce Bill’
GBP Slumps after Juncker’s “Brexit Bill” Comments With direct UK data in short supply today, the GBP CHF exchange rate has dropped by -0.4%. This follows discouraging remarks from European Commission President Jean-Claude Juncker. Commenting on how Brexit negotiations might proceed, Juncker stated; ‘I am [in] anything but in...

CATEGORIES: Pound Swiss Franc Forecasts