Latest Currency News Continued - page 3
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EUR GBP Exchange Rate Forecast – Key German Data and BoE Decision Ahead
13 Mar 2017 at 11 AM - Written by Ben Hughes
STORY LINK EUR GBP Exchange Rate Forecast – Key German Data and BoE Decision Ahead
The Euro to Pound exchange rate dropped from highs when markets opened on Monday as investors bought the Pound back up from its recent lows ahead of this week’s session, which could even see the beginning of the Brexit process.
EUR/GBP surged last week, rising from 0.8638 and gaining over a pence throughout the week to end the week at the level of 0.8776. The pair briefly hit a fresh seven-week-high of 0.8786 on Monday...
CATEGORIES: Euro Pound Forecasts
EUR/USD Climbs on Draghi Optimism as Markets Await US Jobs Data
10 Mar 2017 at 11 AM - Written by Tim Boyer
STORY LINK EUR/USD Climbs on Draghi Optimism as Markets Await US Jobs Data
The Euro US Dollar exchange rate continues to rise today after yesterday’s optimistic comments from European Central Bank (ECB) President Mario Draghi.
Draghi Positivity Continues to Boost EUR/USD
Yesterday’s ECB meeting saw interest rates and quantitative easing left untouched once again.
However, the following press conference with ECB President Mario Draghi proved surprisingly optimistic for investors expecting the...
CATEGORIES: Euro Forecasts
GBP to NZD Ending Week Higher Despite Lack of Pound Optimism
10 Mar 2017 at 10 AM - Written by Toni Johnson
STORY LINK GBP to NZD Ending Week Higher Despite Lack of Pound Optimism
The British Pound to New Zealand Dollar exchange rate has advanced over the last week despite a lack of appeal in Sterling amid mixed ecostats and fresh Brexit jitters. Low risk-sentiment has seen traders selling off the New Zealand Dollar.
GBP/NZD began this week trading at the level of 1.7460 and has gained over a cent throughout the week. By Friday, the pair was trending near the level of 1.7600 where it trended at the time...
CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts
USD AUD Exchange Rate Trends Higher Ahead of US Payrolls Data
9 Mar 2017 at 5 PM - Written by John Cameron
STORY LINK USD AUD Exchange Rate Trends Higher Ahead of US Payrolls Data
The US Dollar to Australian Dollar exchange rate fell from its highs on Friday afternoon but remained well above the week’s opening levels.
While the day’s US Non-Farm Payroll report was generally impressive, investors perceived a rate hike from the Fed next week as being priced into the US Dollar and so began to indulge in riskier currencies like the Australian Dollar once again.
[Previously updated 10/03/2017]
CATEGORIES: Australian Dollar Forecasts Currency Predictions
GBP NOK Exchange Rate Jumps as Oil Prices Plummet
9 Mar 2017 at 11 AM - Written by Frank Davies
STORY LINK GBP NOK Exchange Rate Jumps as Oil Prices Plummet
The British Pound to Norwegian Krone exchange rate looked to end the week well above its opening levels despite broad weakness in the Pound as the Krone remained weak on disappointing oil news.
Despite continued oil production cuts from OPEC and other collaborating oil producers, oil stocks remain high and the commodity’s prices are struggling to stay buoyed.
[Previously updated on 10/03/2017]
On Friday morning the GBP...
CATEGORIES: Currency Predictions Pound Norwegian Krone Forecasts
GBP ZAR Exchange Rate Boosted by Market Risk Aversion
8 Mar 2017 at 5 PM - Written by Tim Boyer
STORY LINK GBP ZAR Exchange Rate Boosted by Market Risk Aversion
The British Pound to South African Dollar exchange rate surged on Thursday afternoon. Demand for emerging market currencies like the Rand faded on Thursday as traders increasingly anticipated Friday’s US Non-Farm Payroll figures.
If the February US employment data impresses investors, more investors will become confidence that the Federal Reserve will hike rates next week which will see investors looking for ‘safe haven’...
CATEGORIES: Pound Rand Forecasts
GBP EUR Exchange Rate Slumps Ahead of Spring Budget
8 Mar 2017 at 12 PM - Written by Tim Boyer
STORY LINK GBP EUR Exchange Rate Slumps Ahead of Spring Budget
The British Pound to Euro exchange rate continued to slump on Thursday as investors bought up the Euro following the day’s press conference from European Central Bank (ECB) President Mario Draghi.
The typically dovish Draghi undertook a surprisingly hawkish stance during the presser, stating that downside risks in inflation had largely disappeared. The Eurozone inflation forecast for 2017 was also raised, boosting confidence...
CATEGORIES: Daily Currency Updates Euro Pound Forecasts
GBP INR Exchange Rate Slides as Pre-Budget Fears Grip Traders
7 Mar 2017 at 3 PM - Written by John Cameron
STORY LINK GBP INR Exchange Rate Slides as Pre-Budget Fears Grip Traders
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 triggering of Article 50, which will start the Brexit procedure.
Pound traders have...
CATEGORIES: Currency Predictions Pound Rupee Forecasts
GBP USD Exchange Rate Slides as UK House Prices Plummet
7 Mar 2017 at 2 PM - Written by Toni Johnson
STORY LINK GBP USD Exchange Rate Slides as UK House Prices Plummet
The GBP USD exchange rate slumped to a new six-week low this morning as markets reacted poorly to the latest Halifax House Price figures.
Pound US Dollar (GBP USD) Tumbles as UK Housing Data Disappoints
The Pound US Dollar (GBP USD) exchange rate fell this morning following some disappointing housing data from the UK.
Data compiled by Halifax reports that House Prices unexpectedly fell from 0.1% to -0.9% in February,...
CATEGORIES: Daily Currency Updates Dollar Pound Forecasts