Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, CHF
18 Nov 2011 at 4 PM - Written by John Cameron
POUND STERLING
The Pound has traded on thin volumes during today’s session. With no UK data released and the major news occurring in other countries, Sterling has largely stayed under the radar of investors. This will change next week, with the release of the minutes of November’s Bank of England MPC minutes on Wednesday and Thursday’s UK GDP figures. NEAR -TERM OUTLOOK – NEUTRAL.
US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.5783
The Dollar has weakened against almost all of the other sixteen most-actively traded currencies on the day. US equities markets have held steady during the early part of today’s North American session, whist Eurozone bond yields have drifted downwards, signalling the return of a ‘risk on’ trading environment. Bad news for the Greenback. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
EURO – The Pound Euro exchange rate (GBP/EUR) is 1.1675
The Euro has firmed up against the Pound and the Dollar throughout today’s session. The single currency has improved thanks to the ECB’s continuing action in buying up the bonds of debt-stressed states and because of the Italian government’s vote of confidence in new Italian Prime Minister Mario Monti. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
SWISS FRANC – The Pound Swiss Franc exchange rate (GBP/CHF) is 1.4463
The Franc has weakened further on the currency markets today, losing ground to the high-yielders as the ‘risk on’ trading environment returned. Rumours that the Swiss National Bank is considering raising its self-imposed lower level of 1.20 on EUR/CHF has been enough to see the Franc weaken to a 4-month low against the US Dollar this week. Further downside is likely if these rumours persist. 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, CHF
Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, CHF
The Pound has traded on thin volumes during today’s session. With no UK data released and the major news occurring in other countries, Sterling has largely stayed under the radar of investors. This will change next week, with the release of the minutes of November’s Bank of England MPC minutes on Wednesday and Thursday’s UK GDP figures. NEAR -TERM OUTLOOK – NEUTRAL.
US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.5783
The Dollar has weakened against almost all of the other sixteen most-actively traded currencies on the day. US equities markets have held steady during the early part of today’s North American session, whist Eurozone bond yields have drifted downwards, signalling the return of a ‘risk on’ trading environment. Bad news for the Greenback. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
EURO – The Pound Euro exchange rate (GBP/EUR) is 1.1675
The Euro has firmed up against the Pound and the Dollar throughout today’s session. The single currency has improved thanks to the ECB’s continuing action in buying up the bonds of debt-stressed states and because of the Italian government’s vote of confidence in new Italian Prime Minister Mario Monti. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
SWISS FRANC – The Pound Swiss Franc exchange rate (GBP/CHF) is 1.4463
The Franc has weakened further on the currency markets today, losing ground to the high-yielders as the ‘risk on’ trading environment returned. Rumours that the Swiss National Bank is considering raising its self-imposed lower level of 1.20 on EUR/CHF has been enough to see the Franc weaken to a 4-month low against the US Dollar this week. Further downside is likely if these rumours persist. 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 Currency Predictions Euro Forecasts Pound Dollar Forecasts Pound Euro Forecasts Pound Sterling Forecasts Pound Swiss Franc Forecasts Swiss Franc Forecasts
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