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Latest Articles by Tim Boyer at Currency News UK

Latest Articles by Tim Boyer

The most recent currency news items written by author Tim Boyer.

GBP EUR Exchange Rate Update: Pound at 7-Year Low as Brexit Fears Hit Home

11 Aug 2017 at 12 PM - Written by Tim Boyer

GBP EUR Exchange Rate Update: Pound at 7-Year Low as Brexit Fears Hit Home
The lack of GBP EUR movement today comes as the Pound to Euro rate nears its lowest level since March 2010. GBP Heading Down as Slow Data Day Raises Trader Concerns The lack of confidence seen in the Pound today is largely a symptom of deep-rooted Brexit concerns. With no direct UK data to refer to, traders have instead been focusing on...

CATEGORIES: Pound Euro Forecasts

GBP to USD Exchange Rate Investors Await US Inflation Results

11 Aug 2017 at 11 AM - Written by Tim Boyer

GBP to USD Exchange Rate Investors Await US Inflation Results
Despite strong demand for ‘safe haven’ currencies this week, the British Pound to US Dollar exchange rate has only seen modest losses. The pair could see a stronger shift in movement when US inflation results are published. After opening this week at the level of 1.3037, GBP/USD slipped slightly and has trended near a three-week-low of...

CATEGORIES: Pound Dollar Forecasts

GBP to EUR Exchange Rate Edges Higher as UK Manufacturing Beats Expectations

1 Aug 2017 at 1 PM - Written by Tim Boyer

GBP to EUR Exchange Rate Edges Higher as UK Manufacturing Beats Expectations
Sterling has benefitted from domestic data this week more than the Euro and investors have continued to buy the British Pound to Euro exchange rate up from its recent lows. Britain’s July manufacturing PMI beat expectations today. After a brief dip to a low of 1.1145 on Monday evening, GBP/EUR recovered to above the week’s opening...

CATEGORIES: Pound Euro Forecasts

Pound New Zealand Dollar (GBP NZD) Climbs Despite IMF Downgrading UK Growth

24 Jul 2017 at 5 PM - Written by Tim Boyer

Pound New Zealand Dollar (GBP NZD) Climbs Despite IMF Downgrading UK Growth
The Pound to New Zealand Dollar exchange rate has regrouped since last week’s slide, climbing to 1.7561 today despite the international monetary fund (IMF) downgrading its UK growth forecast. The IMF announced that it expects the UK economy to grow by 1.7% in 2017, a drop from the previous estimate of 2%. The forecast for next year...

CATEGORIES: Pound New Zealand Dollar Forecasts

EUR to GBP Exchange Rate Forecast – European Central Bank (ECB) Meeting in Focus

19 Jul 2017 at 4 PM - Written by Tim Boyer

EUR to GBP Exchange Rate Forecast – European Central Bank (ECB) Meeting in Focus
Anticipation for Thursday’s key session kept the Euro to British Pound exchange rate relatively flat throughout Wednesday trade. If the European Central Bank (ECB) takes a hawkish stance, the Euro could see a late-week surge. While it has slipped from this week’s highest level of 0.8897, the EUR/GBP exchange rate has sustained most of...

CATEGORIES: Euro Pound Forecasts

GBP to CAD Exchange Rate Strength Limited as Traders Await Bank of Canada (BOC) News

10 Jul 2017 at 1 PM - Written by Tim Boyer

GBP to CAD Exchange Rate Strength Limited as Traders Await Bank of Canada (BOC) News
Poor British ecostats over the last week have failed to support the British Pound to Canadian Dollar exchange rate. A strong increase in Bank of Canada (BOC) interest rate hike bets helped the ‘Loonie’ to capitalise on Sterling weakness. Last week saw GBP/CAD tumble from the opening level of 1.6888 to the closing level of 1.6595. Since...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Rises as Bank of England (BoE) Governor Surprises Traders

28 Jun 2017 at 3 PM - Written by Tim Boyer

GBP to CAD Exchange Rate Rises as Bank of England (BoE) Governor Surprises Traders
Investors sold the Canadian Dollar last week as Canada’s latest inflation data fell short of expectations. However, CAD demand improved again this week following more hawkish comments from Bank of Canada (BOC) Governor Stephen Poloz. Due to economic uncertainty in Britain and mixed commodity data, GBP/CAD briefly tumbled to a new weekly...

CATEGORIES: Pound Canadian Dollar Forecasts

USD to JPY Exchange Rate Slips Back Towards Week’s Opening Levels

23 Jun 2017 at 12 PM - Written by Tim Boyer

USD to JPY Exchange Rate Slips Back Towards Week’s Opening Levels
Despite mixed Japanese data over the last week, a lack of sturdy Federal Reserve interest rate hike bets has seen the US Dollar to Japanese Yen exchange rate shed most of this week’s gains and trend closer to the week’s opening levels. Movement in USD/JPY was relatively narrow this week. The pair began the week trading at around 110.80...

CATEGORIES: Japanese Yen Forecasts

GBP to NOK Exchange Rate Tumbles on Comments from Bank of England Governor

20 Jun 2017 at 12 PM - Written by Tim Boyer

GBP to NOK Exchange Rate Tumbles on Comments from Bank of England Governor
After volatile trade last week, the Pound to Norwegian Krone exchange rate could be in for another week of losses. Bank of England (BoE) Governor Mark Carney disappointed Pound traders on Tuesday, and the Krone has been stabilising. Last week saw GBP/NOK end the week slightly lower after wide fluctuations. This week, the pair has trended...

CATEGORIES: Pound Norwegian Krone Forecasts

GBP INR Exchange Rate Slides as Fund Manager Bets against the Pound

24 May 2017 at 3 PM - Written by Tim Boyer

GBP INR Exchange Rate Slides as Fund Manager Bets against the Pound
The Pound Indian Rupee (GBP INR) exchange rate slid on Wednesday afternoon as BlueBay Asset Management warned that Sterling is likely to tumble whatever the outcome of the UK’s elections. Analysts as the firm suggests that the Pound is likely to drop below $1.20 by the end of the year and that a hard Brexit between the UK and Europe is...

CATEGORIES: Pound Rupee Forecasts