Latest Currency News Continued - page 5
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GBP EUR Exchange Drops despite Government Defeat in Supreme Court Case
24 Jan 2017 at 2 PM - Written by James Fuller
STORY LINK GBP EUR Exchange Drops despite Government Defeat in Supreme Court Case
The British Pound to Euro exchange rate extended its daily gains on Wednesday afternoon and headed further above the level of 1.17. GBP traders firmed in anticipation that the UK government would publish a Brexit ‘white paper’.
The Euro, on the other hand, became jittery after Ted Malloch, tipped to be US President Trump’s EU ambassador, stated that the Euro currency could fail within the next 18 months.
CATEGORIES: Daily Currency Updates Euro Forecasts Pound Euro Forecasts
Supreme Court Speculation Causes Uptick in GBP AUD Exchange Rate
23 Jan 2017 at 3 PM - Written by Tim Boyer
STORY LINK Supreme Court Speculation Causes Uptick in GBP AUD Exchange Rate
The British Pound to Australian Dollar exchange rate trended around half a cent down on Tuesday afternoon as demand for risk-correlated currencies improved despite continued anxiousness among investors about the Trump administration.
Concerns about Australasian trade eased slightly on Tuesday amid news that Australian and New Zealand governments looked to continue TPP negotiations without the US, after Trump withdrew the US...
CATEGORIES: Australian Dollar Forecasts Currency Predictions
Euro to US Dollar Exchange Rate Advances as First Trump Weekend Disappoints
23 Jan 2017 at 11 AM - Written by John Cameron
STORY LINK Euro to US Dollar Exchange Rate Advances as First Trump Weekend Disappoints
The Euro to US Dollar exchange rate trended flatly for most of Tuesday’s session, though the Euro was able to hold the gains it made against the US Dollar and remain comfortably in the region of 1.0750.
The pair was able to hold its highs due partially to solid Eurozone PMIs published on Tuesday morning, however further advances were prevented due to strong US manufacturing figures.
[Previously updated 23/01/2017]
CATEGORIES: Daily Currency Updates Euro Forecasts
USD/JPY Advances as Markets Await Trump’s First Presidential Speech
20 Jan 2017 at 4 PM - Written by John Cameron
STORY LINK USD/JPY Advances as Markets Await Trump’s First Presidential Speech
Strong hopes for Donald Trump’s Presidency, coupled with a warning on Trump’s economics from a senior Japanese cabinet advisor, has kept the US Dollar to Japanese Yen exchange rate firmly on the advance.
Markets Look to Trump Speech for Clues on Fiscal Stimulus Plans
Investors are looking for signs that Trump intends to carry through with his election campaign promises, which involved massively increasing investment in...
CATEGORIES: Currency Predictions Japanese Yen Forecasts
GBP CAD Exchange Rate Stabilises as UK Retail Sales Plummet
20 Jan 2017 at 2 PM - Written by James Fuller
STORY LINK GBP CAD Exchange Rate Stabilises as UK Retail Sales Plummet
The GBP CAD exchange rate stabilised this morning following its recent rally as disappointing UK sales figures ended the Pound’s advance.
Pound Canadian Dollar (GBP CAD) Gains Muted by Drop in Retail Sales
The Pound Canadian Dollar (GBP CAD) exchange rate struggled to extend its gains this morning as the Office for National Statistics (ONS) reported that Retail Sales fell unexpectedly at the end of 2016.
CATEGORIES: Canadian Dollar Forecasts Currency Predictions
Greater Clarity over Brexit Continues to Underpin Pound Indian Rupee Exchange Rate
19 Jan 2017 at 4 PM - Written by James Fuller
STORY LINK Greater Clarity over Brexit Continues to Underpin Pound Indian Rupee Exchange Rate
The British Pound to Indian Rupee exchange rate failed to return to the week’s best levels on Friday afternoon, as markets began to doubt Trump would take any immediate action after becoming US President in the evening.
As a result, investors took one last dip in risky emerging market currencies like the Indian Rupee, though the currency could plummet if Trump so much as hints at weaker trade ties and allow GBP/INR to...
CATEGORIES: Currency Predictions Pound Rupee Forecasts
GBP NZD Exchange Slips after Brexit Speech Spike
18 Jan 2017 at 1 PM - Written by James Fuller
STORY LINK GBP NZD Exchange Slips after Brexit Speech Spike
The British Pound to New Zealand Dollar exchange rate slipped on Thursday afternoon, as demand for risk-correlated currencies remained high.
With the inauguration of Donald Trump as the next US President approaching, investors have been expressing their disappointment with his lack of economic rhetoric in recent weeks by indulging in higher yielding currencies like the ‘Kiwi’.
[Previously updated 19/01/2017]
CATEGORIES: Daily Currency Updates Pound New Zealand Dollar Forecasts
British Pound to Norwegian Krone Exchange Rate Falls from Highs after Tuesday Surge
18 Jan 2017 at 12 PM - Written by John Cameron
STORY LINK British Pound to Norwegian Krone Exchange Rate Falls from Highs after Tuesday Surge
The British Pound to Norwegian Krone exchange rate edged higher on Thursday afternoon, as Sterling sentiment remained solid thanks to higher hopes for post-Brexit Britain to make new strong trade deals.
This was despite news that prices of oil, Norway’s most lucrative commodity, had increased on Thursday due to falling US oil stockpiles and increased evidence of OPEC producer cuts.
[Previously updated 19/01/2017]
CATEGORIES: Currency Predictions Norwegian Krone Forecasts