Foreign Currency Exchange Rate Predictions For Pound Euro Dollar and Aus Dollar

November 25, 2014 - Written by John Cameron

STORY LINK Foreign Currency Exchange Rate Predictions For Pound Euro Dollar and Aus Dollar

Updated exchange rate forecasts for the UK Pound Sterling (currency:GBP), Euro (currency:EUR), Australian Dollar (currency:AUD) and the US Dollar (currency:USD).

The Forecast for the Pound Sterling exchange rate is NEUTRAL TO POSITIVE.

The POUND STERLING (currency:GBP) put in another positive session in the global currency markets yesterday, gaining ground against nearly all of the other sixteen most actively traded currencies. Investors continue to price-in the year-on-year improvement in the UK government’s official public borrowing figures, published on Friday. A more hawkish than expected set of Bank of England minutes from the middle part of last week also helped.

Euro Exchange Rate Forecast

Analysts Forecast that the Single Currency Will Trade with a NEGATIVE Bias in the Short-to-Medium Term

The EURO (currency:EUR) held its own against the other major tenders during yesterday’s trading. A stronger than anticipated set of German IFO confidence surveys, out first thing yesterday morning, helped support the single currency. Market participants holding euro-denominated assets will be hoping for reassuring words when Germany’s Bundesbank issues its latest Financial Stability Report later this morning. The current GBP EUR exchange rate stands at 1.2628.

US Dollar Exchange Rate Forecast

Analysts Forecast that the Greenback Will Trade on a NEUTRAL TO POSITIVE Footing Moving Forward

The US DOLLAR (currency:USD) posted slight losses against the Pound and the euro yesterday. The move was technical rather than fundamental in nature following as speculators took profit following the Buck’s strong gains against the other majors. This afternoon’s domestic GDP data is the next risk event of note for the Greenback, followed by tomorrow’s US Durable Goods Orders figures for last month. A strong showing from one or both would see the Buck record renewed gains. The GBP USD exchange rate sits at 1.5698.

Australian Dollar Exchange Rate Forecast

The Outlook for the Australian Unit is NEUTRAL TO NEGATIVE

The AUSTRALIAN DOLLAR (currency:AUD) put in a poor showing during yesterday’s session. The Russian government’s announcement that it has incurred estimated losses of $140bn this year following the introduction of sanctions by the US and the eurozone and the downward move in global oil prices took the edge off risk appetite. The flight to safety saw the export-driven Aussie give up ground across the board, sending the GBP AUD exchange rate up to as high as 1.8234 on the day. With this week likely to bring increased caution from investors, the Aussie could be heading for choppy waters.

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 Australian Dollar Forecasts Currency Predi Forecasts