Latest Currency News Continued - page 6
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GBP ZAR Exchange Rate Slides after BoE Revises Inflation Prediction
15 Dec 2016 at 3 PM - Written by Minesh Chaudhari
STORY LINK GBP ZAR Exchange Rate Slides after BoE Revises Inflation Prediction
The Pound to South African Rand exchange rate spiked again on Friday afternoon as American markets opened and investors once again went bullish on the US Dollar due to the Fed’s 2017 rate hike outlook.
GBP/ZAR is likely to register modest gains this week overall, but the Pound’s weakness on the week’s Bank of England (BoE) news certainly prevented Sterling from capitalising on this week’s risk-off...
CATEGORIES: Dollar Pound Forecasts
Pound Sterling (GBP) to US Dollar (USD) Fluctuates Ahead of Fed’s December Meeting
14 Dec 2016 at 3 PM - Written by John Cameron
STORY LINK Pound Sterling (GBP) to US Dollar (USD) Fluctuates Ahead of Fed’s December Meeting
The Pound to US Dollar exchange rate extended its lows on Thursday afternoon as the Bank of England’s final meeting of 2016 didn’t give GBP traders anything to get excited about.
The bank indicated that even if inflation were to continue increasing in 2017, it would not be enough to cause them to tighten Britain’s monetary policy. This bearish outlook for Britain was a stark contrast compared to the Fed’s hawkishness...
CATEGORIES: Daily Currency Updates Dollar Pound Forecasts
GBP/CAD Slides after Disappointing UK Labour Data
14 Dec 2016 at 1 PM - Written by Ben Hughes
STORY LINK GBP/CAD Slides after Disappointing UK Labour Data
The Pound to Canadian Dollar exchange rate fluctuated in a wider region on Thursday afternoon, as the day’s Bank of England (BoE) meeting disappointed investors and left the Pound increasingly volatile.
The bank’s policymakers indicated that higher inflation in 2017 would not be enough to pressure the bank into tightening monetary policy. Despite this, the ‘Loonie’ struggled to sustain many gains due to the risk-off...
CATEGORIES: Currency Predictions Daily Currency Updates Pound Canadian Dollar Forecasts
Pound Euro Exchange Rate Strengthens on Data-Light Day and Brexit Speculation
12 Dec 2016 at 3 PM - Written by Tim Boyer
STORY LINK Pound Euro Exchange Rate Strengthens on Data-Light Day and Brexit Speculation
Pound Sterling Trends Higher on Brexit Speculation
In the absence of fresh domestic data the Pound Euro (GBP EUR) exchange rate has nevertheless trended higher at the start of the week as the mood towards Sterling turned generally positive.
Hopes remain that the government will not pursue a hard Brexit, with a campaign group pushing for an assurance that non-British EU nationals will have their residency guaranteed when the...
CATEGORIES: Pound Euro Forecasts