Latest Articles by Toni Johnson

The most recent currency news items written by author Toni Johnson.

GBP/EUR Recovering, but Could Take another Hit from Retail Surveys

24 Feb 2017 at 4 PM - Written by Toni Johnson

GBP/EUR Recovering, but Could Take another Hit from Retail Surveys
The British Pound to Euro exchange rate was sold from its weekly highs on Friday afternoon as traders expected a relatively quiet week ahead for Sterling demand. Britain’s economic calendar will be relatively quiet until Markit’s February PMIs are published later in the week. The Euro, on the other hand, will be influenced by political...

CATEGORIES: Pound Euro Forecasts

UK Jobs Data Shows Slowing Wage Growth, GBP USD Exchange Rate Falls

16 Feb 2017 at 5 PM - Written by Toni Johnson

UK Jobs Data Shows Slowing Wage Growth, GBP USD Exchange Rate Falls
The British Pound to US Dollar exchange rate made modest gains during Thursday’s European session, despite this week’s impressive US data. As ‘Greenback’ traders focused on stock markets and anticipate US President Trump’s upcoming tax reform plans, the US currency remained jittery. Sterling was bought from its lows on Thursday...

CATEGORIES: Currency Predictions Daily Currency Updates Dollar Pound Forecasts

UK Production Figures Exceed Forecasts, GBP INR Exchange Rate Accelerates

10 Feb 2017 at 11 AM - Written by Toni Johnson

UK Production Figures Exceed Forecasts, GBP INR Exchange Rate Accelerates
GBP INR Exchange Rate Climbs on News of Rising UK Manufacturing Production Activity The morning’s UK ecostats have proven beneficial to GBP INR, with rising manufacturing production figures in December boosting support for Sterling. Other data has seen annual industrial production more than double from 2.2% to 4.3%, while the December...

CATEGORIES: Pound Rupee Forecasts

GBP NOK Exchange Rate Climbs ahead of Major Article 50 Vote in House of Commons

9 Feb 2017 at 4 PM - Written by Toni Johnson

GBP NOK Exchange Rate Climbs ahead of Major Article 50 Vote in House of Commons
The British Pound to Norwegian Krone exchange rate continued to trend near its best weekly levels on Thursday as low demand for oil made it difficult for the Krone to capitalise on a weakened Pound. Demand for Sterling slipped on Thursday afternoon after it was confirmed that Bank of England (BoE) hawk Kristin Forbes would be leaving the...

CATEGORIES: Norwegian Krone Forecasts

Brexit Fears Send GBP NZD Exchange Rate to 2-Month Low

13 Jan 2017 at 11 AM - Written by Toni Johnson

Brexit Fears Send GBP NZD Exchange Rate to 2-Month Low
The Pound to New Zealand Dollar exchange rate fell on Thursday as Brexit jitters returned once the UK government announced that Prime Minister Theresa May’s Brexit speech would take place this coming Tuesday. The ‘Kiwi’ held firm on lasting risk-sentiment. GBP/NZD began the week trending at the level of 1.7662 and as of Friday...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound Sterling (GBP) to US Dollar (USD) Trends Near 31-Year-Lows This Week

12 Jan 2017 at 4 PM - Written by Toni Johnson

Pound Sterling (GBP) to US Dollar (USD) Trends Near 31-Year-Lows This Week
The Pound to US Dollar exchange rate slipped from its best levels on Thursday afternoon and fell below the week’s opening levels once again. Sterling became jittery as it was confirmed that UK Prime Minister Theresa May would hold her major Brexit speech next Tuesday. Markets fear May will confirm that she will not be seeking single...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Remains Under Pressure from Bullish Oil Outlook

5 Jan 2017 at 4 PM - Written by Toni Johnson

Pound Canadian Dollar (GBP/CAD) Exchange Rate Remains Under Pressure from Bullish Oil Outlook
The Pound to Canadian Dollar exchange rate failed to recover from its worst levels since October 2016 on Thursday afternoon, as the ‘Loonie’ continued to be boosted by the latest oil news. Prices of brent crude oil gained almost 1% throughout the day to reach US$56.95 per barrel, and with OPEC’s oil output cap plans taking effect...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Canadian Dollar Forecasts

Pound Sterling (GBP) to US Dollar (USD) Falls as Hard Brexit Concerns Continue to Weigh

28 Dec 2016 at 2 PM - Written by Toni Johnson

Pound Sterling (GBP) to US Dollar (USD) Falls as Hard Brexit Concerns Continue to Weigh
The Pound to US Dollar exchange rate fell swiftly when UK markets reopened on Wednesday following the long holiday weekend, as a lack of fresh supporting factors for GBP left the currency weak. GBP/USD lost around two cents in value last week and settled on the level of 1.2278. While it trended flatly amid quiet trade earlier this week, it...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts

GBP USD Exchange Rate Slides as Public Borrowing Skyrockets

21 Dec 2016 at 11 AM - Written by Toni Johnson

GBP USD Exchange Rate Slides as Public Borrowing Skyrockets
The GBP USD exchange rate continued to slide today as the latest figures for Public Sector Borrowing accelerated faster than expected. Pound US Dollar (GBP USD) Falls as Borrowing Rises The Pound US Dollar (GBP USD) exchange rate fell this morning following the release of the public borrowing report showing that the UK government was...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterling Forecasts

Currency News: Impressive UK Inflation Sees Pound US Dollar Exchange Rate Climb

13 Dec 2016 at 3 PM - Written by Toni Johnson

Currency News: Impressive UK Inflation Sees Pound US Dollar Exchange Rate Climb
The Pound to US Dollar exchange rate succeeded in holding its Monday gains and continued edging higher thanks to the day’s solid UK Consumer Price Index (CPI) results. Expectations of a Fed rate hike kept the ‘Greenback’ firm. GBP/USD has gained over a cent since markets opened this week. On Monday, GBP/USD climbed from opening...

CATEGORIES: Currency Predictions Daily Currency Updates Dollar Pound Forecasts