FX Ecostat Highlights for British Pound Sterling Exchange Rate (GBP to EUR, GBP to USD Forecasts) Week Commencing 15th June

June 16, 2015 - Written by John Cameron

STORY LINK FX Ecostat Highlights for British Pound Sterling Exchange Rate (GBP to EUR, GBP to USD Forecasts) Week Commencing 15th June

GBP to Euro and GBP to US Dollar Exchange Rates Fluctuate before BoE Minutes

Both the Pound Sterling to Euro (GBP/EUR) and Pound Sterling to US Dollar (GBP/USD) exchange rates fluctuated during the European session as investors responded to the news that the UK emerged from deflation in May. The increase in consumer prices had been largely predicted by economists. The Pound could gain on the majority of its currency counterparts on Wednesday if the BoE meeting minutes show that policymakers were split on the subject of interest rate revisions.

The GBP to EUR exchange rate was trending in the region of 1.3864

Earlier...

Will German Sentiment Survey Support Euro (EUR) Exchange Rate this Week?

Investors looking for further guidance regarding the likely future direction of travel for the euro (currency:EUR) will be closely monitoring the news stream from Brussels next week as talks between the eurogroup and Greece’s policymakers continue. However, levels for the shared currency are also dependent on data releases from the euroland and the highlight from next week’s roster comes tomorrow morning in the form of this month’s German ZEW Economic Sentiment survey.

GBP/EUR Currency Forecast - Pound to Euro Exchange Rate Could Gain as Greek Discussions End Abruptly

Market participants holding the euro are growing increasingly fearful that the beneficial effect of the European Central Bank’s controversial €1.14bn Quantitative Easing programme are wearing off and that the nervous atmosphere engendered by Greece’s ongoing debt standoff is starting to permeate into the mind-set of economic participants in Europe’s leading economy. Analysts predict that the survey will point to a significant fall in confidence levels from last month’s 41.9 reading to a relatively lowly 37.3. Such an outcome would send the Pound Sterling euro exchange rate higher once again GBP EUR.

The GBP/EUR exchange rate is currently trending in the region of 1.3822

GBP to NZD Exchange Rate Surges to Four-Year Higher after RBNZ Interest Rate Cut

The New Zealand Dollar (currency:NZD) has endured a torrid time of it since last Wednesday evening when the Reserve Bank of New Zealand (RBNZ) unexpectedly trimmed its Official Cash Rate. Analysts forecast that Wednesday night’s local Q1 Gross Domestic Product data will show at an annuali9sed 3.1% - down from Q4 2014’s counterpart print of 3.5%. The news that the pace of expansion of the New Zealand economy is cooling could send the Pound Sterling New Zealand Dollar up towards the 2.3000 threshold.

The Pound to New Zealand Dollar exchange rate was achieving 2.2257 on Monday

US Inflation Data Set to Impact Pound Sterling to US Dollar (GBP/USD) Exchange Rate Movement

The stand-out data release on Thursday is provided by May’s Consumer Price Index figures from the US. Investors are expecting the Federal Reserve to hike its key lending rate before the end of the year and if Thursday’s numbers point to an increase in the annualised rate of price rises in the States, then the Pound Sterling US Dollar exchange rate is likely to trend lower once more.

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TAGS: Pound Euro Forecasts