Euro, Pound, Dollar + Canadian Dollar 2014 Exchange Rate Forecasts, Predictions & GBP EUR USD CAD Conversion Rate

September 11, 2014 - Written by John Cameron

STORY LINK Euro, Pound, Dollar + Canadian Dollar 2014 Exchange Rate Forecasts, Predictions & GBP EUR USD CAD Conversion Rate

Currency News UK presents our foreign currency exchange rate forecasts for the Pound Sterling to Euro (GBP EUR), US Dollar (USD) and Canadian Dollar (CAD) conversion rates.

Investors holding POUND STERLING (currency:GBP) assets are likely to remain nervous ahead of the Scottish referendum on independence, which takes place a week today. A continued drift out of GBP-denominated assets is likely in the lead-up to the poll as market participants focus on the potential downside for the Pound. In the meantime, tomorrow morning’s UK Construction Output numbers are the last potential market-mover for the Pound this week.

The Sterling is forecast now NEUTRAL TO NEGATIVE.

Here are the latest euro conversion rates as of 12th September 2014:

- The Euro to Australian Dollar exchange rate is trading up +0.38% at 1.42600 EUR/AUD.
- The Euro to Canadian Dollar exchange rate is trading up +0.08% at 1.42760 EUR/CAD.
- The Euro to Pound Sterling exchange rate is trading down -0.06% at 0.79482 EUR/GBP.
- The Euro to New Zealand Dollar exchange rate is trading up +0.02% at 1.57976 EUR/NZD.
- The Euro to US Dollar exchange rate is trading down -0.01% at 1.29216 EUR/USD.

The EURO (currency:EUR) put in a relatively poor performance on the day yesterday, sending the GBP EUR exchange rate Northwards to above 1.2540 during late trading yesterday. Tomorrow morning’s whole of eurozone Employment figures could be market-moving, as investors look for evidence that the European Central Bank’s ultra-loose monetary policy is having a positive effect on the real economy. The suspicion remains that the ECB is willing to do ‘whatever it takes’ to weaken the single currency.

The euro is predicted to trade with a NEGATIVE bias moving forward.

The US DOLLAR (currency:USD) softened against the Pound yesterday. A dire set of weekly Mortgage Applications data, which showed a slump of 7.2% from the previous week, held back the Buck on the day. However, the likelihood remains that the Fed will seek to raise interest rates during the first half of next year.

For this reason, the forecast for the Doillar rate forecast is NEUTRAL TO POSITIVE.

Today’s session has the makings of a market-moving one for the CANADIAN DOLLAR (currency:CAD).

The Bank of Canada remains non-committal on its next move on interest rates, however this afternoon’s domestic housing data has the potential to be market-moving for the Loonie.

If the New Housing Price Index data shows at above the anticipated 1.6% level, then look for the Canadian unit to climb against the other major currencies.

The forecast for the Canadian Dollar is NEUTRAL TO POSITIVE.

International Money Transfer? Ask our resident FX expert a money transfer question or try John's new, free, no-obligation personal service! ,where he helps every step of the way, ensuring you get the best exchange rates on your currency requirements.

TAGS: American Dollar Forecasts Canadian Dollar Forecasts Currency Predict Forecasts