Latest Articles by Minesh Chaudhari

The most recent currency news items written by author Minesh Chaudhari.

Soaring UK Retail Sales Trigger GBP AUD Exchange Rate Rally

23 Mar 2017 at 1 PM - Written by Minesh Chaudhari

Soaring UK Retail Sales Trigger GBP AUD Exchange Rate Rally
GBP AUD Exchange Rate Close to Monthly High on Rising Retail Sales The Pound has risen considerably by 0.6% against the Australian Dollar today, following the news that UK retail sales rose above forecasts in February. While economists have been quick to forecast that Q1 2017 sales may hit the biggest drop since Q4 2010, traders have...

CATEGORIES: Pound Australian Dollar Forecasts

Increase in Fed Rate Hike Bets Sends USD/GBP to Multi-Week Best

2 Mar 2017 at 11 AM - Written by Minesh Chaudhari

Increase in Fed Rate Hike Bets Sends USD/GBP to Multi-Week Best
The US Dollar to Pound exchange rate continued to advance on Thursday morning as investors were unimpressed by this week’s UK data. The US Dollar was able to capitalise thanks to hawkish Fed official comments boosting Federal Reserve interest rate hike bets. USD/GBP began the week trading at the level of 0.8021 and has since gained over...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts

Minor Drop in GBP AUD Exchange Rate Follows Confident Comments from RBA Governor

24 Feb 2017 at 10 AM - Written by Minesh Chaudhari

Minor Drop in GBP AUD Exchange Rate Follows Confident Comments from RBA Governor
GBP AUD Exchange Rate Worsens as Uncertainty Persists over Article 50 Debates UK data has been thin on the ground today, resulting in a slight drop for the Pound against the Australian Dollar. The only direct news has covered BBA mortgage approvals in January, which have risen from 43.23k to 44.7k. The ongoing Article 50 debates in...

CATEGORIES: Australian Dollar Forecasts

EUR to USD Exchange Rate Slips on Hawkish Comments from Fed’s Harker

22 Feb 2017 at 4 PM - Written by Minesh Chaudhari

EUR to USD Exchange Rate Slips on Hawkish Comments from Fed’s Harker
The Euro to US Dollar exchange rate continued to trend near its weekly lows on Wednesday afternoon as investors adjusted ahead of the evening’s Federal Reserve meeting minutes. Thursday’s final Q4 German Gross Domestic Product (GDP) results may give the Euro some support towards the end of the week, but if Eurozone political concerns...

CATEGORIES: Euro Forecasts

Rising Gold Prices Support ZAR, Pound South African Rand Exchange Rate Dips

18 Jan 2017 at 3 PM - Written by Minesh Chaudhari

Rising Gold Prices Support ZAR, Pound South African Rand Exchange Rate Dips
The Pound to South African Rand exchange rate trended near its worst daily levels on Wednesday afternoon but remained well above the week’s opening levels. The South African Rand failed to capitalise on the weaker Pound throughout the day due to limited demand for risky emerging market currencies ahead of Donald Trump’s upcoming...

CATEGORIES: Pound Rand Forecasts

Major CHF Gains seen after Trump Turmoil

13 Jan 2017 at 4 PM - Written by Minesh Chaudhari

Major CHF Gains seen after Trump Turmoil
The Swiss Franc fell from its best levels against the US Dollar on Friday afternoon as market sentiment towards the US Dollar recovered slightly and investors eased their positions on the ‘safe haven’ Franc. Friday’s US data was generally optimistic. While December’s retail sales figures didn’t meet expectations at 0.7%, the 0.6%...

CATEGORIES: Pound Swiss Franc Forecasts

USD Weakens, Pound US Dollar Exchange Rate Climbs

30 Dec 2016 at 12 PM - Written by Minesh Chaudhari

USD Weakens, Pound US Dollar Exchange Rate Climbs
The Pound to US Dollar exchange rate fluctuated for most of the week but by Friday the pair was edging above the week’s opening levels. The final trade day of 2016 was largely corrective trading with a lack of fresh driving factors. GBP/USD tested the level of 1.23 on Friday but was largely unable to hold above that level. The exchange...

CATEGORIES: Currency Predictions Dollar Pound Forecasts

GBP USD Exchange Rate Slides to Six-Week Low Following GDP Report

23 Dec 2016 at 3 PM - Written by Minesh Chaudhari

GBP USD Exchange Rate Slides to Six-Week Low Following GDP Report
The GBP USD exchange rate continued to downtrend today as markets were concerned about a potential decline in UK growth next year despite a positive GDP report in the third quarter. Pound US Dollar (GBP USD) Falls over Concerns for UK Growth The Pound US Dollar (GBP USD) exchange rate is likely to end the week around two cents lower...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling (GBP) to South African Rand (ZAR) Fluctuates near Weekly Lows

22 Dec 2016 at 12 PM - Written by Minesh Chaudhari

Pound Sterling (GBP) to South African Rand (ZAR) Fluctuates near Weekly Lows
The Pound to South African Rand exchange rate fell on Tuesday and has fluctuated near its worst weekly levels since then. Due to a lack of fresh supportive factors for the Pound, investors have seen little reason to buy it this week. GBP/ZAR began the week trending at 17.48 and on Tuesday dropped into the region of 17.20. Despite some...

CATEGORIES: Pound Rand Forecasts

Brexit Speculation and Fed Rate Hike Expectations Weigh on GBP USD Exchange Rate

20 Dec 2016 at 4 PM - Written by Minesh Chaudhari

Brexit Speculation and Fed Rate Hike Expectations Weigh on GBP USD Exchange Rate
Worries over the government’s approach to Brexit have limited the appeal of the Pound (GBP) once again, with investors concerned by Prime Minister Theresa May’s continued reticence over revealing more of her strategy to Parliament. GBP Exchange Rates Trended Lower Despite Bullish Retail Sales Data Although the CBI retail sales index...

CATEGORIES: Dollar Pound Forecasts Pound Sterling Forecasts