Pound, US Dollar, Euro & NZ Dollar Forecasts - GBP USD EUR NZD Exchange Rates Outlook and Predictions 2015

August 28, 2014 - Written by John Cameron

STORY LINK Pound, US Dollar, Euro & NZ Dollar Forecasts - GBP USD EUR NZD Exchange Rates Outlook and Predictions 2015

Read our market-leading foreign exchange analysis and future currency forecasts for the Pound Sterling (currency:GBP), euro (currency:EUR), US Dollar (currency:USD) and New Zealand Dollar (currency:NZD) below.

The POUND STERLING (currency:GBP) had an evens-stevens sort of day yesterday, registering a small gain against the US Dollar and euro but a similarly insignificant loss against the Canadian Dollar (currency:CAD). The Pound has endured a period in the doldrums following the International Monetary Fund’s suggestion that it is over-valued by as much as 10%. A strong showing from tonight’s GfK Consumer Confidence survey will be required in order to lift it from its current funk. The outlook for Sterling is NEUTRAL.

- The Pound Sterling to Euro exchange rate is trading up +0.23% at 1.26107 GBP/EUR.
- The Pound Sterling to New Zealand Dollar exchange rate is trading up +0.07% at 1.98225 GBP/NZD.
- The Pound Sterling to US Dollar exchange rate is trading down -0.13% at 1.65678 GBP/USD.

Today’s represents the latest in a long line of key sessions for the EURO (currency:EUR). German Consumer Price Index data for August, set for publication at 12:00hrs BST, is expected to show no change from July’s 0.8% print. Anything below this and the clamour for the European Central Bank to introduce its own form of Quantitative Easing will become deafening. The outlook for the single currency remains NEGATIVE and the GBP EUR exchange rate stands at 1.2566.

- The Euro to Pound Sterling exchange rate is trading down -0.23% at 0.79297 EUR/GBP.
- The Euro to New Zealand Dollar exchange rate is trading down -0.16% at 1.57187 EUR/NZD.
- The Euro to US Dollar exchange rate is trading down -0.35% at 1.31378 EUR/USD.

The US DOLLAR (currency:USD) has continued to trade strongly against the Pound Sterling during recent sessions, in spite of last Friday’s assertion from Federal Reserve Chair Janet Yellen that the improvement in America’s jobs market was weaker than the headline figures suggested. The Buck has come a long way against the Pound Sterling during the last four weeks, sending GBP USD downwards from above the 1.7000 threshold to the low 1.6500s earlier this week. However, this move may now be running out of momentum. The Greenback is forecast to perform on a NEUTRAL TO POSTIVE footing nevertheless. GBP USD stands at 1.6579.

- The US Dollar to Australian Dollar exchange rate is trading up +0.17% at 1.07140 USD/AUD.
- The US Dollar to Euro exchange rate is trading up +0.35% at 0.76116 USD/EUR.
- The US Dollar to Pound Sterling exchange rate is trading up +0.13% at 0.60358 USD/GBP.

The NEW ZEALAND DOLLAR (currency:NZD) has struggled in the global currency markets since the Reserve Bank of New Zealand announced that it would be pushing the pause button on its monetary policy tightening cycle. The Kiwi badly needs a strong showing from this evening’s Building Permits data in order to fuel rumours of another domestic interest rate rise this side of Christmas. Meanwhile, economic statistics emanating from New Zealand’s number one export market – China – continue to radically affect the relative value of the Kiwi. The latest PMI survey of the Chinese manufacturing sector, due for publication during the early part of next week, could be market-moving. In the meantime, the New Zealand unit is expected to trade on a NEUTRAL TO NEGATIVE footing. GBP NZD trades at 1.9812 currently.

- The New Zealand Dollar to Australian Dollar exchange rate is trading down -0.03% at 0.89548 NZD/AUD.
- The New Zealand Dollar to Euro exchange rate is trading up +0.16% at 0.63618 NZD/EUR.
- The New Zealand Dollar to Pound Sterling exchange rate is trading down -0.07% at 0.50448 NZD/GBP.

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