Exchange Rate Forecasts for the British Pound, euro, US Dollar and Swiss Franc

November 21, 2014 - Written by John Cameron

STORY LINK Exchange Rate Forecasts for the British Pound, euro, US Dollar and Swiss Franc

Currency News UK presents the latest exchange rate predictions for the Pound Sterling (currency:GBP) and our forex forecast for the US Dollar (currency:USD) and the Swiss Franc (currency:CHF).

The POUND STERLING (currency:GBP) improved against the other major global currencies during early trading yesterday thanks to a better than anticipated set of domestic Retail Sales figures for last month.

The fact that the official statistics also brought an upward revision to September’s counterpart data proved to be the icing on the cake for the Pound.

Look out for today’s Public Sector Net Borrowing data to provide Sterling with further near-term direction; in the meantime, Sterling is forecast to trade on a NEUTRAL TO POSITIVE footing.

The Pound to Australian Dollar conversion rate is -1.05 pct lower at 1.80119 GBP/AUD.
The Pound to Swiss Franc exchange rate converts +0.89 per cent higher at 1 GBP is 1.51763 CHF.
The Pound to Euro exchange rate is +0.92 pct higher at 1.26264 GBP/EUR.
The Pound to New Zealand Dollar conversion rate is -0.78 pct lower at 1.98092 GBP/NZD.
The Pound to US Dollar rate converts -0.07 per cent lower at 1 GBP is 1.56815 USD.

Euro Exchange Rate Forecast: EUR Incurs Triple Hit

The EURO (currency:EUR) took a triple hit yesterday with the publication of a disappointing set of PMI surveys from both the whole of the eurozone and Germany followed by the afternoon release of a weak euroland Consumer Confidence survey.

Market whispers suggesting that, in spite of Germany’s reservations, a bout of all-out Quantitative Easing from the European Central Bank is close at hand, are likely to suppress any short term support for the single currency.

The outlook for the euro remains NEGATIVE.

US Dollar Exchange Rate Forecast: USD Strengthens After Inflation Figures

A higher than expected set of October inflation numbers helped the US DOLLAR (currency:USD) recover following a disappointing set of Federal Reserve minutes, out on Wednesday night.

The memos of last month’s Fed meeting once again suggested that US interest rates will remain at rock-bottom levels for a ‘considerable time’ and the Buck floundered as a consequence.

However, yesterday’s US price rise data assuaged investors’ concerns and the forecast for the Greenback is now NEUTRAL TO POSITIVE.

Swiss Franc (CHF) Climbs on Trade Data

The SWISS FRANC initially strengthened during yesterday’s session following the release of a strong set of domestic Trade Balance numbers from Switzerland’s authorities.

The data sent the GBP CHF exchange rate back down through the 1.5000 threshold, but the move did not stick; afternoon trading saw share markets record substantive gains and the safe-haven Franc gave up ground.

Analysts now forecast that the Swiss unit will trade with a NEUTRAL TO NEGATIVE bias moving forward.

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TAGS: American Dollar Forecasts Currency Predictions Dollar Poun Forecasts