Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD
16 Jan 2012 at 6 PM - Written by John Cameron
POUND STERLING
The Pound started the day under pressure, following the release of a report by Ernst & Young’s ITEM Club, which used the UK Treasury’s economic model to predict that Britain’s economy is slipping back into recession. However, the Pound recovered ground throughout the day, suggesting that investors feel that the problems being suffered by other states are more serious than Britain’s. NEAR-TERM OUTLOOK – NEUTRAL.
US DOLLAR – The Pound Dollar exchange rate (GBP USD) is 1.5337
Today was Martin Luther King day in the US – a public holiday, so no trading in America’s equity markets and onshore currency trading was on a very thin volume. The Greenback started the day steadily as Asian equities gave up ground last night as a reaction to Friday’s Eurozone debt downgrade. However, European share markets traded into positive territory this afternoon, meaning that some US Dollar weakness crept in. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.
EURO – The Pound Euro exchange rate (GBP EUR) is 1.2100
With Greek debt-swap negotiations expected to resume on Wednesday, following the breakdown of talks on a Greek debt haircut last week, the Euro remains under pronounced selling pressure. If the talks fail to yield a positive outcome, the Euro could weaken further against Sterling and the Greenback. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
AUSTRALIAN DOLLAR – The Pound Australian Dollar exchange rate (GBP AUD) is 1.4847
The Australian Dollar has performed well on the day, in spite of a wobble during last night’s session. This was caused by weak appetite for risk in global markets following Friday’s downgrade of the debts of nine European states by leading credit ratings agency S&P. However, caution is advisable for investors needing to buy Aussie-denominated assets in the short-term, as some profit-taking is expected on the GBP AUD market, as the rate once again approaches its multi-decade low. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.
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
POUND STERLING
The Pound started the day under pressure, following the release of a report by Ernst & Young’s ITEM Club, which used the UK Treasury’s economic model to predict that Britain’s economy is slipping back into recession. However, the Pound recovered ground throughout the day, suggesting that investors feel that the problems being suffered by other states are more serious than Britain’s. NEAR-TERM OUTLOOK – NEUTRAL.
US DOLLAR – The Pound Dollar exchange rate (GBP USD) is 1.5337
Today was Martin Luther King day in the US – a public holiday, so no trading in America’s equity markets and onshore currency trading was on a very thin volume. The Greenback started the day steadily as Asian equities gave up ground last night as a reaction to Friday’s Eurozone debt downgrade. However, European share markets traded into positive territory this afternoon, meaning that some US Dollar weakness crept in. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.
EURO – The Pound Euro exchange rate (GBP EUR) is 1.2100
With Greek debt-swap negotiations expected to resume on Wednesday, following the breakdown of talks on a Greek debt haircut last week, the Euro remains under pronounced selling pressure. If the talks fail to yield a positive outcome, the Euro could weaken further against Sterling and the Greenback. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE.
AUSTRALIAN DOLLAR – The Pound Australian Dollar exchange rate (GBP AUD) is 1.4847
The Australian Dollar has performed well on the day, in spite of a wobble during last night’s session. This was caused by weak appetite for risk in global markets following Friday’s downgrade of the debts of nine European states by leading credit ratings agency S&P. However, caution is advisable for investors needing to buy Aussie-denominated assets in the short-term, as some profit-taking is expected on the GBP AUD market, as the rate once again approaches its multi-decade low. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE.
For other live currency exchange rates and a currency converter see the currency news website.
TAGS: American Dollar Forecasts Australian Dollar Forecasts Currency Predictions Euro Forecasts Pound Australian Dollar Forecasts Pound Dollar Forecasts Pound Euro Forecasts Pound Sterling Forecasts
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