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GBP/EUR Advances despite Soft GDP Data as Markets Await FOMC Meeting

26 Jul 2017 at 12 PM - Written by Toni Johnson

The Pound Sterling to Euro exchange rate has been able to gain around 0.2% to trend in the region of 1.1210 today. This is despite the fact that the latest UK GDP figures have shown that the economy remains on sluggish form, with only a small rise recorded after the sharp first-quarter slowdown. UK GDP Rises to 0.3% in Second Quarter; GBP Makes Minor Gains Preliminary estimates of the UK’s economic growth rate during...

CATEGORIES: Pound Euro Forecasts

GBP USD Exchange Rate Dips on Worrying UK GDP Figures

26 Jul 2017 at 12 PM - Written by John Cameron

The Pound US Dollar (GBP USD) exchange rate continues to slide this morning as the UK’s GDP figures did little to bolster confidence in the UK economy. Lacklustre UK GDP Appears to Confirm Economic Slowdown Sterling struggled to repel the US Dollar’s advance this morning as the first estimate of the UK’s second quarter GDP was released. According to data released by the Office for National Statistics (ONS) the UK...

CATEGORIES: Pound Dollar Forecasts

USD/JPY Rises as US Consumer Confidence Hits Second-Highest Level Since 2000

25 Jul 2017 at 4 PM - Written by Toni Johnson

A combination of strong US data and caution from the Bank of Japan (BOJ) has allowed the US Dollar to Japanese Yen exchange rate to climb 0.3%. USD/JPY is now trending around 111.5300. US Dollar Rises as US Consumer Confidence Shows Strong Rise After weakening throughout the morning, the US Dollar has quickly recovered losses after the latest consumer confidence data significantly bettered forecasts. The measure of...

CATEGORIES: American Dollar Forecasts

USD EUR Exchange Rate Struggles to Find Support Ahead of Fed Policy Statement

25 Jul 2017 at 12 PM - Written by David Woodsmith

As the German IFO business sentiment survey proved stronger than anticipated the US Dollar Euro exchange rate remained on a weaker footing. Investors were encouraged to find that optimism within the Eurozone’s powerhouse economy had picked up in July, in defiance of forecasts. This boosted hopes that the German economy will continue to gain momentum in the coming months, potentially increasing the pressure on European...

CATEGORIES: Euro Forecasts

Pound New Zealand Dollar (GBP NZD) Climbs Despite IMF Downgrading UK Growth

24 Jul 2017 at 5 PM - Written by Tim Boyer

The Pound to New Zealand Dollar exchange rate has regrouped since last week’s slide, climbing to 1.7561 today despite the international monetary fund (IMF) downgrading its UK growth forecast. The IMF announced that it expects the UK economy to grow by 1.7% in 2017, a drop from the previous estimate of 2%. The forecast for next year remains stable at 1.5%. Sterling has remained unperturbed however, brushing off the...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to USD Exchange Rate Recovers as Federal Reserve Rate Hike Bets Remain Weak

24 Jul 2017 at 1 PM - Written by John Cameron

Despite poor UK ecostats last week, the British Pound to US Dollar exchange rate began to recover on Monday. This was largely due to ‘Greenback’ weakness, as investors increasingly doubt the Federal Reserve will hike US interest rates a third time before the end of 2017. Last week saw GBP/USD briefly hit a 2017 high of 1.3119 before dropping towards the end of the week. US Dollar weakness has left the GBP/USD exchange rate...

CATEGORIES: Pound Dollar Forecasts

GBP USD Update: Continued US Uncertainty Drags US Dollar Down

21 Jul 2017 at 3 PM - Written by Toni Johnson

The Pound has pushed through negative UK news today, advancing by 0.2% against the US Dollar. GBP News: Sterling Recovers after Trader Panic on Government Borrowing The Pound has been on a rollercoaster ride today, initially trading around 1.2962 against the US Dollar due to concerns about public sector borrowing. In June, the government borrowing deficit fell to -6.28bn. This was worse than forecast, as May’s figure...

CATEGORIES: Pound Dollar Forecasts

EUR/USD Advances despite Sluggish Inflation Forecasts

21 Jul 2017 at 12 PM - Written by Toni Johnson

The Euro is holding small gains against the US Dollar today, although these might not last as markets begin to rethink the recent EUR rally. The EUR/USD exchange rate continues to press higher after hitting a two-and-a-half-year high this week on the back of comments from European Central Bank (ECB) President Mario Draghi. Draghi commented at yesterday’s post policy-meeting press conference that the Governing Council was...

CATEGORIES: Euro Forecasts

GBP/EUR Slumps as Mario Indicates QE Discussions Set for Autumn

20 Jul 2017 at 3 PM - Written by Toni Johnson

A combination of adverse market reaction to UK retail sales figures and hawkish comments from European Central Bank (ECB) President Mario Draghi have pushed the GBP/EUR exchange rate down to an eight-day low. The British Pound to Euro exchange rate has fallen to 1.1213 today, even though UK data was positive on the face of it and the ECB left policy unchanged. Strong UK Retail Sales Fail to Have Positive Impact on GBP UK...

CATEGORIES: Pound Euro Forecasts

GBP to AUD Exchange Rate Edges Higher as UK Retail Sales Beat Projections

20 Jul 2017 at 10 AM - Written by Frank Davies

This week’s UK data has been mixed, but the British Pound to Australian Dollar exchange rate began to recover from its multi-month-lows towards the end of the week in reaction to Thursday’s UK and Australian ecostats. After plummeting from 1.6720 to a three-month-low of 1.6334 earlier in the week, the GBP/AUD exchange rate edged higher on Thursday morning. At the time of writing, the pair was near the level of...

CATEGORIES: Pound Australian Dollar Forecasts