Pound, Euro, Dollar, Canadian Dollar - FX Exchange Rate Forecasts for GBP EUR USD CAD Predictions 2015

September 20, 2014 - Written by John Cameron

STORY LINK Pound, Euro, Dollar, Canadian Dollar - FX Exchange Rate Forecasts for GBP EUR USD CAD Predictions 2015

Currency News UK: Read our latest exchange rate analyst’s future currency forecasts for the Pound Sterling (GBP), Euro (EUR), US Dollar (USD) and Canadian Dollar (CAD) conversion rates

The POUND STERLING (currency:GBP) enjoyed a strong relief rally overnight as results coming in showed that the ‘No’ campaign had recorded a resounding victory in the referendum on Scottish Independence.

However, Sterling had tracked lower since early trading this morning, suggesting that the result was almost entirely factored-in to investors’ pricing on the Pound. With yesterday’s Bank of England minutes showing that seven MPC members remain fervently against a UK interest rate rise.

Here are the latest conversion rates today:

- The Pound Sterling to Australian Dollar exchange rate is 1.82465 GBP/AUD.
- The Pound Sterling to Canadian Dollar exchange rate converts at 1.78570 GBP/CAD.
- The Pound Sterling to Euro exchange rate is 1.26960 GBP/EUR.
- The Pound Sterling to New Zealand Dollar conversion rate is 2.00435 GBP/NZD.
- The Pound Sterling to US Dollar exchange rate is 1.62880 GBP/USD.

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The Pound Sterling forecast is only NEUTRAL TO POSITIVE.

Support for the EURO (currency:EUR) has remained weak during today’s trading session thanks to yesterday’s official data from the European Central Bank which revealed a disappointing level of take-up for the euroland’s Targeted Long Term Re-financing Operations.

Looking ahead, the single currency needs a strong showing from the PMI surveys of the marketing sectors of the German and whole of eurozone economies in order to re-assert itself against the other major global currencies.

In the meantime, the euro is forecast to trade with a NEGATIVE bias moving forward.

The US DOLLAR (currency:USD) has gained ground against the Pound since the European equities session got under way.

The Buck has benefitted from a better than anticipated set of weekly US jobs data yesterday and from the conventional wisdom which suggests that the Federal Reserve will be the first major global central bank to increase its interest rates early next year.

Highlights for the week ahead, as far as Dollar-watchers are concerned, come in the form of Tuesday’s PMI survey of America’s manufacturing sector and the next day’s New Home Sales numbers.

Analysts predict that the Greenback will trade on a NEUTRAL TO POSITIVE footing moving forward.

This afternoon’s Canadian inflation figures for August thrashed analysts’ expectations and the CANADIAN DOLLAR (currency:CAD) has surged as a result.

The data, which pointed to an annualised level of domestic price rises in excess of 2.0% added to the pressure on the Bank of Canada to increase its key interest rate sooner rather than later.

The dovish tone of the midweek Federal Reserve policy minutes, combined with today’s numbers, make the outlook for the Loonie NEUTRAL TO POSITIVE. The GBP CAD exchange rate stands at 1.7847.

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