Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD
22 Jul 2011 at 2 PM - Written by John Cameron
POUND STERLING
Sterling has traded within tight ranges against the Dollar and the Euro so far today and with no major risk events until next week, this is likely to continue until tonight’s close. Tuesday’s Q2 UK GDP growth figure needs to outstrip expectations for the Bank of England to even begin considering raising interest rates. NEAR-TERM OUTLOOK – NEUTRAL.
US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6278
Global stock markets have rallied following news of a wide-ranging second bail-out for debt-addled Greece. This improvement in global risk appetite has seen institutional investors shift their funds out of the safe haven on the US Treasury Bill, causing the Greenback to lose substantial ground against the other majors. NEAR-TERM OUTLOOK – NEGATIVE.
EURO – The Pound Euro exchange rate (GBP/EUR) is 1.1338
Gains for the Euro, following the announcement by Eurozone leaders of a second Greek bail-out, have been limited today by the second successive day of poor German economic data. Today’s German IFO Business Climate Survey dipped to its lowest level since October 2010, causing analysts to downgrade their expectations for ECB interest rate increases in coming months. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.
AUSTRALIAN DOLLAR – The Pound Australian Dollar exchange rate (GBP/AUD) is 1.4990
The Aussie has strengthened to its highest level against its US counterpart since mid-May during today’s session, as risk appetite flowed back into global markets. Next week’s Q2 CPI inflation figure could halt the Aussie’s recent progress if it shows at lower than the annualised 3.3% of Q1. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.
CANADIAN DOLLAR – The Pound Canadian Dollar exchange rate (GBP/CAD) is 1.5446
Canadian CPI Inflation figures, released earlier today, showed that domestic price rises are slowing in Canada. This has caused considerable selling pressure on the Canadian Dollar, but increased positivity from investors about the global recovery following the Eurozone leaders’ agreement on a second Greek bail-out should limit the losses for the commodity-driven CAD. NEAR-TERM OUTLOOK – NEUTRAL.
For other live currency exchange rates and a currency converter see the currency news website.
STORY LINK Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD
Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD
Sterling has traded within tight ranges against the Dollar and the Euro so far today and with no major risk events until next week, this is likely to continue until tonight’s close. Tuesday’s Q2 UK GDP growth figure needs to outstrip expectations for the Bank of England to even begin considering raising interest rates. NEAR-TERM OUTLOOK – NEUTRAL.
US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6278
Global stock markets have rallied following news of a wide-ranging second bail-out for debt-addled Greece. This improvement in global risk appetite has seen institutional investors shift their funds out of the safe haven on the US Treasury Bill, causing the Greenback to lose substantial ground against the other majors. NEAR-TERM OUTLOOK – NEGATIVE.
EURO – The Pound Euro exchange rate (GBP/EUR) is 1.1338
Gains for the Euro, following the announcement by Eurozone leaders of a second Greek bail-out, have been limited today by the second successive day of poor German economic data. Today’s German IFO Business Climate Survey dipped to its lowest level since October 2010, causing analysts to downgrade their expectations for ECB interest rate increases in coming months. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.
AUSTRALIAN DOLLAR – The Pound Australian Dollar exchange rate (GBP/AUD) is 1.4990
The Aussie has strengthened to its highest level against its US counterpart since mid-May during today’s session, as risk appetite flowed back into global markets. Next week’s Q2 CPI inflation figure could halt the Aussie’s recent progress if it shows at lower than the annualised 3.3% of Q1. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.
CANADIAN DOLLAR – The Pound Canadian Dollar exchange rate (GBP/CAD) is 1.5446
Canadian CPI Inflation figures, released earlier today, showed that domestic price rises are slowing in Canada. This has caused considerable selling pressure on the Canadian Dollar, but increased positivity from investors about the global recovery following the Eurozone leaders’ agreement on a second Greek bail-out should limit the losses for the commodity-driven CAD. NEAR-TERM OUTLOOK – NEUTRAL.
For other live currency exchange rates and a currency converter see the currency news website.
TAGS: American Dollar Forecasts Australian Dollar Forecasts Canadian Dollar Forecasts Currency Predictions Euro Forecasts Pound Australian Dollar Forecasts Pound Canadian Dollar Forecasts Pound Dollar Forecasts Pound Euro Forecasts Pound Sterling Forecasts
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