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Pound Rupee forecast - GBP INR

A round up of the latest Pound Rupee forecast news items from the Currency News desk.

GBP INR Exchange Rate Fluctuates Ahead of UK Growth Report

27 Apr 2017 at 11 AM - Written by James Fuller

The Pound Indian Rupee (GBP INR) exchange rate continues to fluctuate this week ahead of the release of the UK’s Q1 GDP figures tomorrow. Economists expect that the UK’s economic growth is likely to have fallen at the start of 2017 as the consequences of Brexit finally begin to catch up, leading GDP to fall from 0.7% to 0.4% in the...

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GBP to INR Exchange Rate Drops on Defiantly Strong Rupee

25 Apr 2017 at 11 AM - Written by Frank Davies

Despite market optimism towards the upcoming UK election, the British Pound has been unable to hold its ground against the Indian Rupee this week. Demand for the Rupee jumped on Monday in an emerging market rally and has remained strong. GBP/INR opened the week at the level of 82.83. After briefly striking 83.16, its best level since...

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GBP INR Exchange Rate Volatility Forecast on UK Retail Sales Data

20 Apr 2017 at 5 PM - Written by Ben Hughes

Markets have continued to bet on the prospect of the Conservatives returning to power with a larger majority in the June general election, keeping the Pound Indian Rupee (GBP INR) exchange rate on a stronger footing. There are hopes that Theresa May would have the freedom to push for a softer Brexit if the influence of Eurosceptic...

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GBP INR Exchange Rate Predicted to Slide if UK Wage Squeeze Continues

7 Apr 2017 at 12 PM - Written by Tim Boyer

Poor Week of GBP INR Trading Ends with Trade Deficit Expansion As well as being devalued by falling PMIs this week, the Pound has also fallen against the Indian Rupee on recent trade balance figures. The previous trade deficit was revised up to -2.98bn; this was worsened with stats showing an expansion to -3.66bn in...

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Pound to Indian Rupee Exchange Rate Near Two-Week-Low on Brexit Jitters

29 Mar 2017 at 1 PM - Written by Ben Hughes

The British Pound to Indian Rupee exchange rate recovered from its worst levels on Thursday afternoon. Brexit jitters lightened and the demand for the Pound increased as investors hoped the Brexit process would be smooth for both Britain and the EU – as well as not be too pricey for Britain. Friday’s UK growth stats could boost the...

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GBP INR Exchange Rate Extends Gains Despite Scottish Independence Worries

17 Mar 2017 at 4 PM - Written by John Cameron

Following the surprisingly split Bank of England (BoE) vote on interest rates the Pound Sterling to Indian Rupee (GBP INR) exchange rate remained on a stronger footing. BoE Policy Meeting Split Boosted GBP Demand Confidence in the Pound was strongly boosted by the fact that known hawk Kristin Forbes had voted in favour of a 25bpt...

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GBP INR Exchange Rate Slides after Improved Indian Inflation

14 Mar 2017 at 4 PM - Written by Toni Johnson

Thanks to a sharper slowdown in wage growth than investors were anticipating the Pound to Indian Rupee exchange rate remained under pressure. Even though the UK unemployment rate continued to fall this was not enough to particularly improve the mood towards Sterling, with the Bank of England still expected to take a cautious view at its...

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GBP INR Exchange Rate Slides as Pre-Budget Fears Grip Traders

7 Mar 2017 at 3 PM - Written by John Cameron

GBP Losses Persist as OECD Offers Mixed Outlook The Pound has dropped against the Indian Rupee today due to uncertainty about Wednesday’s Spring Budget, which comes at a historic time in the UK economy. As well as coming over 6 months after the EU Referendum vote to leave the EU, the budget is also sandwiched on the other side by the...

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UK Production Figures Exceed Forecasts, GBP INR Exchange Rate Accelerates

10 Feb 2017 at 11 AM - Written by Toni Johnson

GBP INR Exchange Rate Climbs on News of Rising UK Manufacturing Production Activity The morning’s UK ecostats have proven beneficial to GBP INR, with rising manufacturing production figures in December boosting support for Sterling. Other data has seen annual industrial production more than double from 2.2% to 4.3%, while the December...

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Disappointing UK Services PMI and BoE Outlook Weighed on GBP INR Exchange Rate

3 Feb 2017 at 3 PM - Written by Ben Hughes

After the Bank of England (BoE) Inflation Report failed to raise the odds of an imminent return to monetary tightening the Pound Sterling to Indian Rupee (GBP INR) exchange rate was prompted to trend lower. Weaker Economic Momentum Weighed on GBP Confidence in the Pound weakened further after the UK Services PMI proved softer than...

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