Latest Currency News Continued - page 4
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GBP NZD Exchange Rate Trends Higher Despite Slowing UK Services PMI
5 Jun 2017 at 1 PM - Written by Frank Davies
STORY LINK GBP NZD Exchange Rate Trends Higher Despite Slowing UK Services PMI
May’s UK services PMI proved a disappointing start to the week, although not enough to prevent the Pound New Zealand Dollar exchange rate holding onto a modest uptrend.
While the index slowed from 55.8 to 53.8 the sector nevertheless remains in a solid state of growth, even though political uncertainty has weighed on growth in recent weeks.
Election jitters look set to increasingly drag on Sterling with the campaign now in...
CATEGORIES: Pound New Zealand Dollar Forecasts
Strong Construction PMI Not Enough to Boost GBP/INR
2 Jun 2017 at 2 PM - Written by Toni Johnson
STORY LINK Strong Construction PMI Not Enough to Boost GBP/INR
A strong UK construction PMI has been unable to support the Pound Sterling to Indian Rupee exchange rate today.
GBP/INR has declined -0.3% to 82.7830, even though the Markit UK construction PMI for May surprised by leaping to a 17-month high of 56 instead of weakening from 53.1 to 52.7 as expected.
IHS Markit Senior Economist Tim Moore explained;
‘The forward-looking elements of the latest survey are reassuring for the...
CATEGORIES: Pound Rupee Forecasts
GBP EUR Exchange Rate Slips Despite Impressive Construction PMI
2 Jun 2017 at 11 AM - Written by Ben Hughes
STORY LINK GBP EUR Exchange Rate Slips Despite Impressive Construction PMI
The Pound Euro (GBP EUR) exchange rate remains on the back foot this morning despite a better than expected UK Construction PMI.
According to data published by IHS Markit, activity in the UK’s construction sector surged from 53.1 to 56.0 in May, easily outpacing expectations that it would slip to 52.7 and striking its best levels since December 2015.
Tim Moore, senior economist at IHS Markit, said;
CATEGORIES: Pound Euro Forecasts
GBP INR Exchange Rate Trends Narrowly Despite Weaker Indian Manufacturing PMI
1 Jun 2017 at 4 PM - Written by John Cameron
STORY LINK GBP INR Exchange Rate Trends Narrowly Despite Weaker Indian Manufacturing PMI
Speculation over the likely outcome of next week’s general election continued to provoke volatility for the Pound Indian Rupee exchange rate, with markets sensitive to the latest opinion polls.
While YouGov estimated that the Conservative lead had narrowed to just three points, though, other polling companies are still pointing towards the Tories maintaining a wider lead over Labour.
This uncertainty over the election...
CATEGORIES: Pound Rupee Forecasts
EUR to GBP Exchange Rate Gains on UK Election Jitters
31 May 2017 at 1 PM - Written by Frank Davies
STORY LINK EUR to GBP Exchange Rate Gains on UK Election Jitters
After a brief drop earlier in the week, the Euro to British Pound exchange rate recovered on Tuesday evening and Wednesday morning due to fresh uncertainty about next week’s UK general election.
EUR/GBP began the week trading at the level of 0.8730 but dropped to a low of 0.8662 on Tuesday. By Wednesday morning the pair was trending near the week’s opening levels once again.
Demand for the Euro has remained solid despite...
CATEGORIES: Daily Currency Updates Euro Pound Forecasts
GBP CAD Exchange Rate Volatile as Markets Speculate on UK Election Outcome
31 May 2017 at 1 PM - Written by John Cameron
STORY LINK GBP CAD Exchange Rate Volatile as Markets Speculate on UK Election Outcome
Speculation over the outcome of next week’s general election has provoked volatility for the Pound Canadian Dollar exchange rate.
Although a YouGov forecast suggested that a hung parliament could emerge from the election put severe downside pressure on the Pound this downtrend did not last for long.
After an opinion poll conducted by Panelbase gave the Conservatives a fifteen point lead over Labour the mood towards...
CATEGORIES: Canadian Dollar Forecasts Daily Currency Updates
USD GBP Exchange Rate Slumps after Trump Communications Director Quits
30 May 2017 at 4 PM - Written by Ben Hughes
STORY LINK USD GBP Exchange Rate Slumps after Trump Communications Director Quits
The US Dollar-damaging headline has been that Michael Dubke, the Trump administration’s Communications Director, has quit. The news comes as Trump returns from his first international tour, having passed through the Middle East and Europe on a whistle-stop visit.
Dubke’s surprise resignation may be just the first of many removals and reshuffles in the White House, as the President is supposedly planning a major shakeup in...
CATEGORIES: Daily Currency Updates Dollar Pound Forecasts
Narrowing Tory Election Lead Extends Pound Canadian Dollar Exchange Rate Downtrend
26 May 2017 at 3 PM - Written by John Cameron
STORY LINK Narrowing Tory Election Lead Extends Pound Canadian Dollar Exchange Rate Downtrend
Although there was some initial disappointment that the OPEC-led production limiting deal was only extended by nine months this failed to offer any particular support to the Pound Canadian Dollar exchange rate.
While oil prices weakened in the immediate wake of the news it was not long before demand for the commodity picked back up, helping to push the Canadian Dollar higher against its rivals.
Confidence in the ‘Loonie’...
CATEGORIES: Canadian Dollar Forecasts