Exchange Rate Forecasts for British Pound Sterling, Euro, US Dollar & NZ Dollar

April 30, 2015 - Written by John Cameron

STORY LINK Exchange Rate Forecasts for British Pound Sterling, Euro, US Dollar & NZ Dollar

Currency News UK Presents Our Latest Forex Forecasts for the British Pound, Euro, US Dollar and New Zealand Dollar Exchange Rates

The POUND STERLING (currency:GBP) put in an evens stevens performance in the global currency markets during yesterday’s trading session. Sterling shed a significant amount of value against the euro but recorded strong gains against the Dollar. The latest Nationwide House Price survey revealed that British property prices had increased by 1% last month, bucking the recent trend of month-on-month losses. However, the UK unit is likely to trade on a NEUTRAL footing until the 7th May General Election is out of the way.

The EURO (currency:EUR) registered strong gains in the currency market yesterday. The market is often described as being myopic and yesterday’s movement for the shared currency provided a strong indication of why; a week ago, fears were rife that Greece might be about to default on its national debt – although the Greek problem persists, it barely rated a mention on the day. However, the difficulties remain for the eurozone, so the outlook for the shared currency is still NEGATIVE. The GBP EUR exchange rate stands at 1.3860.

The US DOLLAR (currency:USD) was slammed in early trading yesterday following the publication of official growth figures suggesting that there was a quarterly contraction in American economic activity during the first three months of last year. However, the Federal Reserve’s statement last night that the dip in US Q1 GDP was attributable to ‘transitory factors’ may help the Buck recover. The forecast for the Greenback is therefore NEUTRAL TO NEGATIVE and the Pound Sterling US Dollar exchange rate currently trades at 1.5430.

Stronger than anticipated domestic data helped the NEW ZEALAND DOLLAR (currency:NZD) during early trading yesterday, but the Kiwi gave up these gains after the US opening bell, when fears regarding a fresh slowdown in the American economy hit the Commodity Dollars hard. A sharp intraday spike of over 13% in the closely-monitored VIX ‘Fear Index’ hit the New Zealand unit hard and there could be further losses to come if data from China continues to point slower growth on a worldwide scale. The GBP NZD exchange rate currently sits at 2.006 and the outlook for the Kiwi is NEUTRAL TO NEGATIVE.

Latest Pound Exchange Rates Today

The Pound to Australian Dollar conversion rate is +0.95 pct higher at 1.94788 GBP/AUD.
The Pound to Canadian Dollar exchange rate today is converting +0.05 per cent higher at 1.85535 GBP/CAD.
The Pound to Swiss Franc exchange rate converts -0.53 per cent lower at 1 GBP is 1.44285 CHF.
The Pound to Euro exchange rate today is converting -0.72 per cent lower at 1.37811 GBP/EUR.
The Pound to New Zealand Dollar exchange rate converts -0.16 per cent lower at 1 GBP is 2.02491 NZD.
The Pound to US Dollar exchange rate today is converting -0.1 per cent lower at 1.54096 GBP/USD.
The Pound to South African Rand exchange rate is +0.29 pct higher with a conversion rate of 1 GBP equals 18.26523 ZAR.

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