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Latest Articles by Minesh Chaudhari at Currency News UK

Latest Articles by Minesh Chaudhari

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

Could the GBP NZD Exchange Rate Slump Further on UK Borrowing Figures?

20 Aug 2017 at 9 AM - Written by Minesh Chaudhari

Could the GBP NZD Exchange Rate Slump Further on UK Borrowing Figures?
Even though market jitters mounted ahead of the weekend this was not enough to shore up the Pound New Zealand Dollar exchange rate. The mood towards the Pound remained distinctly bearish even in the wake of a stronger-than-expected uptick in July’s UK retail sales data. Although the headline figures were positive, though, the...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

Today's Best Euro Rate Slides but EUR/GBP Remains High Despite ECB Rhetoric

20 Aug 2017 at 9 AM - Written by Minesh Chaudhari

Today's Best Euro Rate Slides but EUR/GBP Remains High Despite ECB Rhetoric
The euro to pound sterling exchange rate ended the week's trade valued at 0.91339 on Saturday 19th August. Analysts at Lloyds Bank highlight the EUR/GBP strength looks set to continue in the near-term: "Still no change, with the current bull trend intact, despite traditional technical warning signs of a pullback. As we have highlighted,...

CATEGORIES: Euro Pound Forecasts

GBP to USD Exchange Rate Sheds Week’s Gains Ahead of US NFP Report

4 Aug 2017 at 12 PM - Written by Minesh Chaudhari

GBP to USD Exchange Rate Sheds Week’s Gains Ahead of US NFP Report
Despite broad US Dollar weakness lately, the British Pound to US Dollar exchange rate shed its weekly gains on Thursday as investors reacted to the latest Bank of England (BoE) news and awaited Friday’s key US data. The pair currently trends near the week’s opening levels of 1.3132, but as recently as yesterday GBP/USD hit a fresh 2017...

CATEGORIES: Pound Dollar Forecasts

Profit-Taking Drags EUR/USD Down from 2.5-Year High

27 Jul 2017 at 12 PM - Written by Minesh Chaudhari

Profit-Taking Drags EUR/USD Down from 2.5-Year High
The Euro to US Dollar exchange rate is weakening from a two-and-a-half-year high this morning following the latest US Federal Open Market Committee (FOMC) meeting. The EUR/USD exchange rate has weakened -0.2% to 1.1707 today. Profit-Taking Weakens EUR Ahead of Key US Economic Data The Euro had risen last night thanks to the weakness...

CATEGORIES: Euro Forecasts

GBP to USD Exchange Rate Recovers from Lows as UK Employment Stats Beat Expectations

12 Jul 2017 at 1 PM - Written by Minesh Chaudhari

GBP to USD Exchange Rate Recovers from Lows as UK Employment Stats Beat Expectations
Dovish comments from Bank of England (BoE) officials this week have left the British Pound to US Dollar exchange rate weaker, though the pair was able to recover from its lows on Wednesday due to decent UK employment stats and a weaker US Dollar. Due to weakness in both currencies, GBP/USD has seen volatility this week. The pair started...

CATEGORIES: Pound Dollar Forecasts

GBP/AUD Weakens as Risk Appetite Boosts AUD Demand

29 Jun 2017 at 2 PM - Written by Minesh Chaudhari

GBP/AUD Weakens as Risk Appetite Boosts AUD Demand
The British Pound may be on largely solid form today, but demand for the Australian Dollar is stronger. This has pushed the GBP/AUD exchange rate slightly below opening levels, even though markets remain exuberant following yesterday’s hawkish shift in tone from Bank of England (BoE) Governor Mark Carney. GBP Continues to Rally on...

CATEGORIES: Pound Australian Dollar Forecasts

EUR GBP Exchange Rate Favourable during Post-Election Turmoil

9 Jun 2017 at 3 PM - Written by Minesh Chaudhari

EUR GBP Exchange Rate Favourable during Post-Election Turmoil
The Euro’s movement against the Pound today has mainly been determined by GBP fluctuations. Eurozone domestic data has been relatively poor, showing a falling German trade surplus as well as a still-high level of Greek inflation. Euro traders remain on edge after Thursday’s European Central Bank (ECB) meeting, which failed to remove...

CATEGORIES: Euro Forecasts Euro Pound Forecasts

GBP EUR Exchange Rate Rallies as German Inflation Misses Forecast

30 May 2017 at 4 PM - Written by Minesh Chaudhari

GBP EUR Exchange Rate Rallies as German Inflation Misses Forecast
Speculation over Greece and the potential reigniting of the Eurozone debt crisis encouraged the Pound Euro exchange rate to trend higher. As German media reported that Greece could be at risk of defaulting on its next bailout repayment in July the appeal of the single currency weakened markedly, despite Greek officials rapidly rejecting...

CATEGORIES: Currency Predictions Euro Pound Forecasts Pound Euro Forecasts

GBP EUR Exchange Rate near Weekly Low Following Downbeat UK Growth Figures

25 May 2017 at 3 PM - Written by Minesh Chaudhari

GBP EUR Exchange Rate near Weekly Low Following Downbeat UK Growth Figures
The Pound Euro (GBP EUR) exchange rate was subdued in trading today as the UK’s latest GDP estimate saw Q1 growth revised down. According to the latest estimate published by the Office for National Statistics (ONS) the UK’s GDP fell from 0.7% to 0.2% in the first quarter of 2017, being revised down from the original estimate of 0.3%...

CATEGORIES: Currency Predictions Euro Forecasts

GBP/EUR Wobbles around Opening Levels despite Strong Factory Order Growth

19 May 2017 at 12 PM - Written by Minesh Chaudhari

GBP/EUR Wobbles around Opening Levels despite Strong Factory Order Growth
The GBP/EUR exchange rate remains stuck around opening levels of 1.1656 today, with strength in both currencies creating a stalemate. Data from the Confederation of British Industry (CBI) has shown that factory orders rose at the swiftest pace in May since February 2015, with the balance of the order book index increasing from 4 to...

CATEGORIES: Pound Euro Forecasts