Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD
23 Sep 2011 at 5 PM - Written by John Cameron
POUND STERLING
UK Loans for House Purchases are on the up according to data released this morning. This is usually a relatively insignificant piece of data, but any small scrap of good news regarding Britain’s ailing housing sector is welcome for Sterling at the moment. Next week’s UK data schedule is light, leaving the Pound struggling for direction. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.5471
The Dollar gave up a small portion of the gains that it has made in the middle part of the week during today’s session as global equities markets regained some kind of stability and panic levels dropped. The Dollar has come a long way in a short space of time against the other majors, leaving it susceptible to a technical move to the downside at the start of next week. NEAR-TERM OUTLOOK – NEUTRAL.
EURO – The Pound Euro exchange rate (GBP/EUR) is 1.1451
The Euro has held its ground against the US Dollar and the Pound on the day. The Eurozone’s single currency has once again proved its resilience on the day following yesterday’s worryingly poor PMI survey which showed that Eurozone economic activity was at its lowest level since 2009 last month. NEAR-TERM OUTLOOK – NEUTRAL.
AUSTRALIAN DOLLAR – The Pound Australian Dollar exchange rate (GBP/AUD) is 1.5824
Losses for the Australian Dollar were limited on the day, compared to yesterday’s session, which saw a massive move against Australia’s high-yielding currency. Stock markets recovered their poise on the session, spelling an end to the Aussie’s free-fall, however it is possible that the level session for stocks may just be a pause before a renewed plunge at the start of next week, which could see the GBP AUD rate once again break through the 1.6000 level. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
CANADIAN DOLLAR– The Pound Canadian Dollar exchange rate (GBP/CAD) is 1.5918
The Canadian Dollar has suffered pronounced selling pressure over the past 72 hours. The CAD sell-off has been fuelled by investors’ concerns that the global economy is heading for a slowdown following comments by the head of the IMF, Christine Lagarde, stating that it was in ‘a dangerous place’. These comments hit the Canadian Dollar particularly hard, as Canada’s economy is largely dependent on continued steady demand for the commodities which it exports. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
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
UK Loans for House Purchases are on the up according to data released this morning. This is usually a relatively insignificant piece of data, but any small scrap of good news regarding Britain’s ailing housing sector is welcome for Sterling at the moment. Next week’s UK data schedule is light, leaving the Pound struggling for direction. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.5471
The Dollar gave up a small portion of the gains that it has made in the middle part of the week during today’s session as global equities markets regained some kind of stability and panic levels dropped. The Dollar has come a long way in a short space of time against the other majors, leaving it susceptible to a technical move to the downside at the start of next week. NEAR-TERM OUTLOOK – NEUTRAL.
EURO – The Pound Euro exchange rate (GBP/EUR) is 1.1451
The Euro has held its ground against the US Dollar and the Pound on the day. The Eurozone’s single currency has once again proved its resilience on the day following yesterday’s worryingly poor PMI survey which showed that Eurozone economic activity was at its lowest level since 2009 last month. NEAR-TERM OUTLOOK – NEUTRAL.
AUSTRALIAN DOLLAR – The Pound Australian Dollar exchange rate (GBP/AUD) is 1.5824
Losses for the Australian Dollar were limited on the day, compared to yesterday’s session, which saw a massive move against Australia’s high-yielding currency. Stock markets recovered their poise on the session, spelling an end to the Aussie’s free-fall, however it is possible that the level session for stocks may just be a pause before a renewed plunge at the start of next week, which could see the GBP AUD rate once again break through the 1.6000 level. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
CANADIAN DOLLAR– The Pound Canadian Dollar exchange rate (GBP/CAD) is 1.5918
The Canadian Dollar has suffered pronounced selling pressure over the past 72 hours. The CAD sell-off has been fuelled by investors’ concerns that the global economy is heading for a slowdown following comments by the head of the IMF, Christine Lagarde, stating that it was in ‘a dangerous place’. These comments hit the Canadian Dollar particularly hard, as Canada’s economy is largely dependent on continued steady demand for the commodities which it exports. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
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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