Forecast: Dollar, Pound, Euro & New Zealand Dollar Exchange Rate Forecasts & Predictions 2014 - 2015

July 26, 2014 - Written by John Cameron

STORY LINK Forecast: Dollar, Pound, Euro & New Zealand Dollar Exchange Rate Forecasts & Predictions 2014 - 2015

Currency News UK presents Today's US Dollar, Pound, Euro & New Zealand Dollar Exchange Rate Forecasts & Predictions In the end, the US Durable Goods Orders data for June proved to be a neutral event for the US DOLLAR (currency:USD). The measure of purchases of products expected to last for three years or more showed at a higher than anticipated level last month.

However, the positive effect of this development was cancelled out by a downward revision to May’s counterpart number.

Nonetheless, the Greenback has had a decent week of it and the impression that the Federal Reserve is ahead of the curve on monetary policy means that the outlook for the American tender is NEUTRAL TO POSITIVE.

The Pound to Dollar exchange rate stands at 1.6983 GBP/USD.

The EURO (currency:EUR) has continued to struggle to assert itself in the global currency market today, shipping a little support against both the Sterling and the Dollar.

Losses for the single currency have been limited, but Wednesday morning’s German CPI inflation figures could alter this.

If the data reveals that the rate of price rises is slowing in the euroland’s number one economy, then expect the euro to leak further support.

The single currency is expected to trade on a NEGATIVE footing in the short term and the pound to euro exchange stands at 1.2642 GBP/EUR.

The POUND STERLING (currency:GBP) has held steady against most of the other sixteen most actively traded global currencies so far today.

This morning’s UK GDP data for Q2 was good, but no better than anticipated, meaning that it had no beneficial effect on Sterling.

Next week’s highlights for the Pound are a little thin on the ground, but Tuesday morning’s UK Mortgage Approval figures may prove to be market-moving. In the meantime, most analysts agree that even though most of the good news regarding the British economy has been priced-in to the relative value of the Pound, the upside hasn’t finished just yet.

The Pound Sterling forecast is to trade with a NEUTRAL TO POSITIVE bias moving forward.

Support for the NEW ZEALAND DOLLAR (currency:NZD) has remained flaky throughout today’s session following the Reserve Bank of New Zealand’s surprise midweek change in policy tack.

The NZ central bank’s announcement that it may now pause its rate-hiking cycle is likely to weigh-down the Kiwi into the medium term, while the latest NBNZ Business Confidence survey, published during the early hours of this morning, has accentuated the selling pressure on the New Zealand unit.

An absence of tier one New Zealand data next week means that July’s HSBC Manufacturing PMI survey from China takes on added significance. The Kiwi is expected to trade with a NEUTRAL stance in the lead-up to this risk event.

The pound to New Zealand Dollar currently trades at 1.9871.

Today's Pound Sterling Exchange Rates - Updated as of 09:30 GMT 28/07/2014

The Pound Sterling to Australian Dollar exchange rate is trading up +0.06% at 1.80761 GBP/AUD.
The Pound Sterling to Canadian Dollar exchange rate is trading down -0.02% at 1.83570 GBP/CAD.
The Pound Sterling to Swiss Franc exchange rate is trading down -0.07% at 1.53558 GBP/CHF.
The Pound Sterling to Euro exchange rate is trading down -0.08% at 1.26354 GBP/EUR.
The Pound Sterling to Hong Kong Dollar exchange rate is trading down -0.04% at 13.15512 GBP/HKD.
The Pound Sterling to New Zealand Dollar exchange rate is trading up +0.16% at 1.98876 GBP/NZD.
The Pound Sterling to Swedish Krona exchange rate is trading down -0.11% at 11.56791 GBP/SEK.
The Pound Sterling to US Dollar exchange rate is trading down -0.04% at 1.69743 GBP/USD.
The Pound Sterling to South African Rand exchange rate is trading up +0.01% at 17.85861 GBP/ZAR.

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