Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD
11 Nov 2011 at 3 PM - Written by John Cameron
POUND STERLING
This morning’s British Producer Price Index data disappointed analysts, coming out lower than had been anticipated. Next week’s highlights for the Pound come in the form of Tuesday’s headline CPI inflation data for October and Wednesday’s Employment figure. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.5999
The Dollar’s recovery of recent sessions appears to have hit a brick wall, as global stocks recover from their mid-week dip. However, it may not be long before doom-laden predictions from the Fed Chairman Ben Bernanke and EC President Jose Manuel Barroso push the Greenback higher once more. NEAR-TERM OUTLOOK – NEUTRAL .
EURO – The Pound Euro exchange rate (GBP/EUR) is 1.1691
The all-out panic over the future of the Euro has subsided during the past 24 hours as the interest rates paid by the Italian government on its bonds drifts downwards and Eurozone stock markets improve. However, the evidence that Europe’s fiscal woes are beginning to have a detrimental effect on the Eurozone’s economy continues to mount; today’s data shows that Spain’s troubled economy failed to grow in the three months to the end of September. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
AUSTRALIAN DOLLAR – The Pound Australian Dollar exchange rate (GBP/AUD) is 1.5656
The Australian Dollar has outperformed most of the other 16 most-actively traded currencies on the day today. The release of the Reserve Bank of Australia’s November Minutes, next Tuesday, provides the next risk event of note for investors holding Aussie-denominated assets. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.
NEW ZEALAND DOLLAR – The Pound New Zealand Dollar exchange rate (GBP/NZD) is 2.0504
The Kiwi has struggled to break forward against the major currencies on the day, in spite of an improvement for global stocks. This has been a bad week for the Kiwi, following a deterioration in the Eurozone’s debt crisis. It is a worrying development that, even when fears in the market are easing, the Kiwi is still failing to claw back the lost ground. 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, NZD
Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD
This morning’s British Producer Price Index data disappointed analysts, coming out lower than had been anticipated. Next week’s highlights for the Pound come in the form of Tuesday’s headline CPI inflation data for October and Wednesday’s Employment figure. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.5999
The Dollar’s recovery of recent sessions appears to have hit a brick wall, as global stocks recover from their mid-week dip. However, it may not be long before doom-laden predictions from the Fed Chairman Ben Bernanke and EC President Jose Manuel Barroso push the Greenback higher once more. NEAR-TERM OUTLOOK – NEUTRAL .
EURO – The Pound Euro exchange rate (GBP/EUR) is 1.1691
The all-out panic over the future of the Euro has subsided during the past 24 hours as the interest rates paid by the Italian government on its bonds drifts downwards and Eurozone stock markets improve. However, the evidence that Europe’s fiscal woes are beginning to have a detrimental effect on the Eurozone’s economy continues to mount; today’s data shows that Spain’s troubled economy failed to grow in the three months to the end of September. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
AUSTRALIAN DOLLAR – The Pound Australian Dollar exchange rate (GBP/AUD) is 1.5656
The Australian Dollar has outperformed most of the other 16 most-actively traded currencies on the day today. The release of the Reserve Bank of Australia’s November Minutes, next Tuesday, provides the next risk event of note for investors holding Aussie-denominated assets. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.
NEW ZEALAND DOLLAR – The Pound New Zealand Dollar exchange rate (GBP/NZD) is 2.0504
The Kiwi has struggled to break forward against the major currencies on the day, in spite of an improvement for global stocks. This has been a bad week for the Kiwi, following a deterioration in the Eurozone’s debt crisis. It is a worrying development that, even when fears in the market are easing, the Kiwi is still failing to claw back the lost ground. 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 Daily Currency Updates Euro Forecasts New Zealand Dollar Forecasts Pound Australian Dollar Forecasts Pound Dollar Forecasts Pound Euro Forecasts Pound New Zealand Dollar Forecasts Pound Sterling Forecasts
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