Pound (GBP), Euro (EUR), Dollar (USD) & Rand (ZAR) Exchange Rate Forecasts, News & Predictions 2014 / 2015

August 26, 2014 - Written by John Cameron

STORY LINK Pound (GBP), Euro (EUR), Dollar (USD) & Rand (ZAR) Exchange Rate Forecasts, News & Predictions 2014 / 2015

Today our Currency News UK analysts forecast the future currency predictions for the Pound Sterling (GBP), Euro (EUR), American Dollar (USD) and Rand (ZAR) exchange rates.

The EURO (currency:EUR) incurred further losses against most of the other sixteen most actively traded global currencies on the day today following yesterday’s revelation that France’s Economy Minister had quit his post along with two of his cabinet colleagues.

The development adds to the impression that the euroland’s second most significant economy is lacking any positive leadership – news which is likely to hold back the single currency moving forward.

The creeping fear that Quantitative Easing is on its way for the eurozone added to the downside pressure on the euro, meaning that the euro forecast to trade with a NEGATIVE bias moving forward.

- The Euro to Pound exchange rate is trading up +0.02% at 0.79606 EUR/GBP.
- The Euro to Dollar exchange rate is trading down -0.14% at 1.31677 EUR/USD.

The POUND STERLING (currency:GBP) struggled to break into positive territory against any of the other major global currencies on the day today thanks to today’s data from the Confederation of British Industry which revealed that the rate of expansion of the UK’s services sector slowed during the three months leading up to the end of August.

The domestic economy remains heavily dependent on a healthy tertiary sector, so the news is likely to anchor Sterling moving forward. The pound sterling forecast is NEUTRAL./strong>

- The Pound to Euro exchange rate is trading down -0.02% at 1.25619 GBP/EUR.

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- The Pound to Dollar exchange rate is trading down -0.17% at 1.65411 GBP/USD.

The US DOLLAR (currency:USD) gave up a little ground against Sterling during this afternoon’s session, sending the GBP USD exchange rate up to 1.6571 a short time ago following the publication of figures which pointed to a renewed slowdown in America’s housing market.

The unexpected slowdown in the rate of growth in US house prices adds to the negativity surrounding the Buck following Friday’s dovish comments from Janet Yellen at the Jackson Hole economic symposium.

The forecast for the Greenback is now NEGATIVE.

- The US Dollar to Euro exchange rate is trading up +0.14% at 0.75944 USD/EUR.
- The US Dollar to Pound Sterling exchange rate is trading up +0.16% at 0.60455 USD/GBP.

The SOUTH AFRICAN RAND (currency:ZAR) enjoyed a fillip during early trading today following the publication of second quarter Gross Domestic Product data which revealed that the domestic economy had avoided plunging into recession.

The figures for the three months to the end of June showed that economic activity in the troubled African state had expanded by 0.6%, cancelling out the contraction of 0.6% during the first three months of the year.

The Rand was provided with further encouragement by the continuing forward move for global shares on the day. The Rand is now forecast to trade on a NEUTRAL TO POSITIVE footing moving forward and the current GBP ZAR exchange rate stands at 17.6980.

- The South African Rand to Euro exchange rate is trading up +0.51% at 0.07111 ZAR/EUR.
- The South African Rand to Pound Sterling exchange rate is trading up +0.53% at 0.05661 ZAR/GBP.
- The South African Rand to US Dollar exchange rate is trading up +0.36% at 0.09364 ZAR/USD.

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