Pound Sterling, Euro, US Dollar & NZ Dollar Exchange Rate Predictions 2014 / 2015 (GBP EUR USD NZD)

July 21, 2014 - Written by John Cameron

STORY LINK Pound Sterling, Euro, US Dollar & NZ Dollar Exchange Rate Predictions 2014 / 2015 (GBP EUR USD NZD)

Currency News UK brings you the latest Pound Sterling, Euro, US Dollar & New Zealand Dollar Exchange Rate Forecasts and Predictions (GBP EUR USD NZD) - The latest Rightmove House Price survey, published early this morning, revealed a drop-off in the level of year-on-year property price increases in the UK this month.

The Rightmove Survey pointed to an annualised increase of 7.7% last month, dropping to 6.5% last month and the POUND STERLING (currency:GBP) lost ground in the global currency markets as a result. However, a report from the Ernst & Young Item Club predicting that the UK economy will register the strongest gain in GDP of any of the seven most developed global economies this year could support the Pound into the medium term.

The outlook for Sterling is now NEUTRAL TO POSITIVE.

The EURO (currency:EUR)has registered a small increment in value against both the Pound and the US Dollar so far today. The slight uptick in sentiment towards the single currency followed the release of an improved set of German Producer Price data which suggests that the prospect of deflation in the eurozone economy is receding.

Wednesday’s whole of eurozone Consumer Confidence survey is the next release of note for the euro and the forecast for the euroland tender is NEUTRAL TO NEGATIVE in the meantime.

The GBP EUR exchange rate stands at 1.2626.

The US DOLLAR (currency:USD) has once again performed steadily against Sterling on the day, meaning that the GBP USD has hovered around the 1.7070 level since trading recommenced after the weekend market shutdown.

Tomorrow afternoon’s US Consumer Price Index inflation figure will be vital to the Greenback’s near-term prospects. A showing of above the expected 2.1% print will trigger a sustained bout of support for the Buck, as investors factor-in a higher percentage chance of an interest rate hike from the Federal Reserve within the year.

The Dollar forecast is now NEUTRAL TO POSITIVE.

The NEW ZEALAND DOLLAR (currency:NZD) has improved against Sterling during today’s session, sending the GBP NZD exchange rate down to as low as 1.9600 earlier.

Institutional investors appear convinced that the Reserve Bank of New Zealand will decide to hike its Overnight Cash Rate once more on Wednesday night, in spite of last week’s below expectations NZ inflation number. Comments from Reserve Bank of New Zealand Deputy Governor Grant Spencer will be closely-monitored for clues on his central bank’s next decision; in the meantime, the Kiwi is expected to trade with a NEUTRAL TO POSITIVE bias.

Updated Pound Sterling Live Exchange Rates - 23/07/2014

The Pound to Australian Dollar exchange rate is trading down -0.54% at 1.80766 GBP/AUD.
The Pound to Canadian Dollar exchange rate is trading down -0.15% at 1.82974 GBP/CAD.
The Pound to Euro exchange rate is trading up +0.04% at 1.26765 GBP/EUR.
The Pound to Hong Kong Dollar exchange rate is trading up +0.05% at 13.23305 GBP/HKD.
The Pound to New Zealand Dollar exchange rate is trading down -0.15% at 1.96515 GBP/NZD.
The Pound Sterling to Lira exchange rate is trading down -0.52% at 3.57631 GBP/TRY.
The Pound to Dollar exchange rate is trading up +0.05% at 1.70722 GBP/USD.
The Pound to Rand exchange rate is trading down -0.49% at 17.95837 GBP/ZAR.

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