Currency News

Daily Exchange Rate Forecasts & Currency News

Daily Currency Updates

A round up of the latest daily currency updates from the Currency News desk.

Pound Euro (GBP EUR) Slides as UK Inflation Disappoints

15 Aug 2017 at 11 AM - Written by John Cameron

The Pound to Euro exchange rate pared its gains this morning after the release of significant data prints for both the UK and Germany. The UK’s year-on-year inflation rate remained steady at 2.6% - the same growth exhibited in June – missing expectations of 2.7%. The prices of clothing, gas, electricity, food, household goods and...

CATEGORIES: Currency Predictions Daily Currency Updates Euro Forecasts

EUR to GBP Exchange Rate Gains on UK Election Jitters

31 May 2017 at 1 PM - Written by Frank Davies

After a brief drop earlier in the week, the Euro to British Pound exchange rate recovered on Tuesday evening and Wednesday morning due to fresh uncertainty about next week’s UK general election. EUR/GBP began the week trading at the level of 0.8730 but dropped to a low of 0.8662 on Tuesday. By Wednesday morning the pair was trending near...

CATEGORIES: Daily Currency Updates Euro Pound Forecasts

GBP CAD Exchange Rate Volatile as Markets Speculate on UK Election Outcome

31 May 2017 at 1 PM - Written by John Cameron

Speculation over the outcome of next week’s general election has provoked volatility for the Pound Canadian Dollar exchange rate. Although a YouGov forecast suggested that a hung parliament could emerge from the election put severe downside pressure on the Pound this downtrend did not last for long. After an opinion poll conducted by...

CATEGORIES: Canadian Dollar Forecasts Daily Currency Updates

USD GBP Exchange Rate Slumps after Trump Communications Director Quits

30 May 2017 at 4 PM - Written by Ben Hughes

The US Dollar-damaging headline has been that Michael Dubke, the Trump administration’s Communications Director, has quit. The news comes as Trump returns from his first international tour, having passed through the Middle East and Europe on a whistle-stop visit. Dubke’s surprise resignation may be just the first of many removals and...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts

GBP NZD Exchange Rate Nosedives as Conservative Poll lead Narrows

26 May 2017 at 2 PM - Written by John Cameron

The Pound New Zealand Dollar (GBP NZD) exchange rate plummeted over a cent in early trading today as the Conservatives lead narrow in polls again. According to the most recent YouGov poll Labour is now only 5 points behind the Conservatives, greatly narrowing the 24 point lead the Tories enjoyed at the start of the race. This is an even...

CATEGORIES: Daily Currency Updates New Zealand Dollar Forecasts

GBP ZAR Exchange Rate Near Monthly Lows after Surprise UK GDP Slowdown

25 May 2017 at 3 PM - Written by Frank Davies

The Pound’s poor performance today follows the release of second estimates for UK GDP growth in the first quarter. On the positive side, the annual estimate has been revised up from 1.9% to 2%; this notably fell short of the predicted 2.1%. The more impactful and damaging news, however, has been that quarter-on-quarter growth has been...

CATEGORIES: Daily Currency Updates Pound Rand Forecasts

GBP JPY Exchange Rate Trends Higher as Japan Factory Output Reaches 6-Month Low

23 May 2017 at 2 PM - Written by John Cameron

The Pound Japanese Yen (GBP JPY) exchange rate strengthened this morning as Japan’s manufacturing sector reported a slowdown in May. According to data published by IHS Markit Japan’s latest Manufacturing PMI tumbled from 52.7 to 52.0 In May, reaching a new six-month low and disappointing some investors who had predicted that activity...

CATEGORIES: Daily Currency Updates Japanese Yen Forecasts

GBP to NOK Exchange Rate Tumbles on UK Election Concerns and Oil Price Strength

22 May 2017 at 2 PM - Written by Frank Davies

Recent strong UK data has been unable to keep the British Pound to Norwegian Krone exchange rate buoyed, as the pair plunged last week and continued to tumble when markets opened on Monday morning. Last week saw the GBP/NOK exchange rate fall from 11.03 to 10.92 after failing to recover in the middle of the week. On Monday morning the pair...

CATEGORIES: Daily Currency Updates Norwegian Krone Forecasts

GBP NZD Exchange Rate Rallies as Industrial Orders Surge

19 May 2017 at 2 PM - Written by Frank Davies

The Pound New Zealand Dollar (GBP NZD) exchange rate leapt to a new weekly high this morning as UK factory orders printed higher than expected last month According to data released by the Confederation of British Industry (CBI) Britain’s industrial orders balance rose from 4 to 9 in April, beating expectations that they would remain...

CATEGORIES: Daily Currency Updates Pound New Zealand Dollar Forecasts

GBP ZAR Exchange Rate Surges on Surprise UK Unemployment Rate Drop

17 May 2017 at 4 PM - Written by James Fuller

The Pound’s significant gains against the Rand come after a mixed UK data release, which brought historically positive and negative results. On the supportive side, UK unemployment in March dropped from 4.7% to 4.6%, bettering forecasts for no movement. This put unemployment at a historic low, while the percentage of employed persons has...

CATEGORIES: Daily Currency Updates Pound Rand Forecasts