Latest Currency News Continued - page 6
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Weaker German GDP Failed to Shore up GBP EUR after Disappointing UK Inflation
14 Feb 2017 at 4 PM - Written by John Cameron
STORY LINK Weaker German GDP Failed to Shore up GBP EUR after Disappointing UK Inflation
The British Pound to Euro exchange rate continued to perform poorly on Wednesday afternoon. However, the Euro was weakened during the American session by a surge of USD demand allowing GBP/EUR to hold above its worst levels.
Movement in the Pound to Euro exchange rate is likely to be quiet on Thursday due to a lack of fresh economic news from Britain or the Eurozone. Investors will likely pay close attention to the G20 finance...
CATEGORIES: Currency Predictions Euro Forecasts
GBP INR Daily Exchange Rate News: Advance seen ahead of Key UK Inflation Figures
13 Feb 2017 at 4 PM - Written by James Fuller
STORY LINK GBP INR Daily Exchange Rate News: Advance seen ahead of Key UK Inflation Figures
The British Pound to Indian Rupee exchange rate remained weak throughout Tuesday’s European session as the morning’s UK inflation data disappointed Sterling traders.
Strong demand for emerging market currencies like the Indian Rupee remained strong throughout the day, even after Federal Reserve interest rate hike bets improved following comments from Fed Chairwoman Janet Yellen.
[Previously updated 11:00 GMT]...
CATEGORIES: Pound Sterling Forecasts
UK Production Figures Exceed Forecasts, GBP INR Exchange Rate Accelerates
10 Feb 2017 at 11 AM - Written by Toni Johnson
STORY LINK UK Production Figures Exceed Forecasts, GBP INR Exchange Rate Accelerates
GBP INR Exchange Rate Climbs on News of Rising UK Manufacturing Production Activity
The morning’s UK ecostats have proven beneficial to GBP INR, with rising manufacturing production figures in December boosting support for Sterling.
Other data has seen annual industrial production more than double from 2.2% to 4.3%, while the December trade balance has seen a deficit reduction from -3.56bn to -3.30bn.
CATEGORIES: Pound Rupee Forecasts
GBP ZAR Exchange Rate Trends Narrowly Ahead of Zuma State of the Nation Address
8 Feb 2017 at 4 PM - Written by Ben Hughes
STORY LINK GBP ZAR Exchange Rate Trends Narrowly Ahead of Zuma State of the Nation Address
The British Pound to South African Rand exchange rate flattened on Thursday afternoon, slumping from its weekly highs due to lower Bank of England (BoE) tightening bets.
Investors became less optimistic about the foreseeable future of UK monetary policy once it emerged that BoE hawk Kristin Forbes was stepping down from the Monetary Policy Committee (MPC) in June.
[Previously Updated 08/02/2017]
CATEGORIES: Pound Rand Forecasts Pound Sterling Forecasts
GBP NOK Exchange Rate Climbs ahead of Major Article 50 Vote in House of Commons
8 Feb 2017 at 2 PM - Written by Toni Johnson
STORY LINK GBP NOK Exchange Rate Climbs ahead of Major Article 50 Vote in House of Commons
The British Pound to Norwegian Krone exchange rate continued to trend near its best weekly levels on Thursday as low demand for oil made it difficult for the Krone to capitalise on a weakened Pound.
Demand for Sterling slipped on Thursday afternoon after it was confirmed that Bank of England (BoE) hawk Kristin Forbes would be leaving the Monetary Policy Committee (MPC) in June. This held the Pound back from its best...
CATEGORIES: Norwegian Krone Forecasts