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Exchange Rate Forecasts for British Pound, Euro, US Dollar and Japanese Yen

November 18, 2014 - Written by John Cameron

Currency News UK presents the exchange rate predictions for the Pound Sterling (currency:GBP) and our future forex forecast for the US Dollar (currency:USD) and the Canadian Dollar (currency:CAD).



latest sterling exchange rate forecastsThis morning’s session could prove to be a seminal one for the POUND STERLING (currency:GBP), bringing the publication of the latest UK CPI inflation numbers.

They will be closely-monitored thanks to yesterday’s comments from Bank of England Governor Mark Carney suggesting that the British economy is facing ‘huge deflationary forces’. The outlook for Sterling is NEUTRAL.

The Pound to Australian Dollar exchange rate converts +0.15 per cent higher at 1 GBP is 1.79866 AUD.
The Pound to Euro exchange rate today is converting -0.44 per cent lower at 1.25053 GBP/EUR.
The Pound to Japanese Yen exchange rate converts at 1 GBP is 182.40054 JPY.
The Pound to New Zealand Dollar exchange rate is -0.2 pct lower with a conversion rate of 1 GBP equals 1.96914 NZD.
The Pound to US Dollar exchange rate converts +0.12 per cent higher at 1 GBP is 1.56569 USD.

Euro Exchange Rate Forecast: EUR Holders Await German Data



This morning’s German ZEW Sentiment Index will be important for the future performance of the EURO (currency:EUR).

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Last week’s data which revealed that the German economy had narrowly avoided slipping into recession during Quarter 3 hardly convinced investors, so a strong print is required from today’s number.

Thursday’s whole of eurozone Consumer Confidence survey is the next risk event of note for the single currency, which is expected to perform on a NEGATIVE footing into the medium term. The GBP EUR exchange rate stands at 1.2563.

US Dollar Exchange Rate Forecast: USD Surge Continues Ahead Of Fed Minutes



The US DOLLAR (currency:USD) continued its surge against Sterling during yesterday’s session, sending the GBP USD exchange rate all the way down to an intraday low of 1.5615.

Tomorrow evening’s minutes of October’s Federal Reserve policy meeting are unlikely to derail the Buck’s recent momentum, given the positive nature of recent US jobs figures.

However, Thursday afternoon’s American inflation data is not guaranteed to be as helpful. The outlook for the Greenback is NEUTRAL TO POSITIVE and the GBP USD exchange rate stands at 1.5645.

Japanese Yen (JPY) Suffers On Political Uncertainty



The JAPANESE YEN (currency:JPY) endured a strong bout of selling pressure during yesterday’s morning session following the publication of extremely weak domestic Q3 GDP figures.

Political analysts in Japan suggest that today might be the day that beleaguered Japanese Premier calls a snap election in an effort to gain a mandate for the scrapping of the forthcoming sales tax increase in Japan.

Such a move would inject a large dose of uncertainty into an already febrile situation, meaning that the short-term forecast for the Japanese tender is NEGATIVE. The GBP JPY exchange rate stands at 182.2700.
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