Latest Articles by Minesh Chaudhari

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

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

GBP INR Exchange Rate Trends Tightly as UK Wage Squeeze Looms

16 May 2017 at 2 PM - Written by Minesh Chaudhari

GBP INR Exchange Rate Trends Tightly as UK Wage Squeeze Looms
UK data has devalued the Pound today, causing a tight trending in the GBP INR exchange rate. UK inflation rate figures have caused this downtrend, despite rising above forecasts from 2.3% to 2.7%. The rise in inflation comes at a time of glacial wage growth, which has raised fresh fears of a wage squeeze damaging UK economic growth....

CATEGORIES: Currency Predictions Pound Rupee Forecasts

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