Latest Currency News Continued - page 6
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GBP to USD Exchange Rate Recovers from Lows as UK Employment Stats Beat Expectations
12 Jul 2017 at 1 PM - Written by Minesh Chaudhari
STORY LINK GBP to USD Exchange Rate Recovers from Lows as UK Employment Stats Beat Expectations
Dovish comments from Bank of England (BoE) officials this week have left the British Pound to US Dollar exchange rate weaker, though the pair was able to recover from its lows on Wednesday due to decent UK employment stats and a weaker US Dollar.
Due to weakness in both currencies, GBP/USD has seen volatility this week. The pair started the week at the level of 1.2888. After falling to a July low of 1.2814 on Wednesday morning,...
CATEGORIES: Pound Dollar Forecasts
GBP JPY Exchange Rate Nosedives as BoE’s Broadbent Shoots down Rate Hike
12 Jul 2017 at 12 PM - Written by John Cameron
STORY LINK GBP JPY Exchange Rate Nosedives as BoE’s Broadbent Shoots down Rate Hike
The Pound Japanese Yen (GBP JPY) fell to a new two week low this morning as it was undermined by comments from Bank of England (BoE) Deputy Governor Ben Broadbent.
Uptick in UK Employment Not Enough to Offset Negative Monetary Policy Outlook
After abstaining from commenting on monetary policy yesterday as he made a speech in Scotland Broadbent shocked markets this morning in an interview with the Press and Journal in...
CATEGORIES: Pound Yen Forecasts
GBP to INR Exchange Rate Fails to Sustain Gains as BoE’s Broadbent Disappoints
11 Jul 2017 at 4 PM - Written by Ben Hughes
STORY LINK GBP to INR Exchange Rate Fails to Sustain Gains as BoE’s Broadbent Disappoints
A lack of appeal in emerging market currencies like the Indian Rupee has not helped the British Pound to Rupee exchange rate’s recovery this week. Sterling traders are hesitant to buy the Pound amid rising economic uncertainties.
After last week’s big drop, GBP/INR began this week trading at the level of 83.25. The pair has since slipped further and besides a brief jump on Tuesday morning has generally trended near the...
CATEGORIES: Pound Rupee Forecasts
GBP ZAR Exchange Rate Extends Gains on Rate Hike Speculation Ahead of BoE Comments
11 Jul 2017 at 12 PM - Written by David Woodsmith
STORY LINK GBP ZAR Exchange Rate Extends Gains on Rate Hike Speculation Ahead of BoE Comments
Ahead of the latest commentary from Bank of England (BoE) policymakers the Pound South African Rand exchange rate strengthened sharply.
Investors were encouraged to pile back into Sterling in anticipation of comments from deputy governor Ben Broadbent, who has yet to air his opinions in the wake of June’s unexpectedly split policy meeting.
While Broadbent is thought more likely to lean towards the dovish side this was not...
CATEGORIES: Pound Rand Forecasts
Ongoing Brexit Fears Limit Gains for GBP AUD Exchange Rate
10 Jul 2017 at 1 PM - Written by Toni Johnson
STORY LINK Ongoing Brexit Fears Limit Gains for GBP AUD Exchange Rate
The GBP AUD exchange rate has improved today, although Sterling remains in a precarious position due to crucial Brexit talks in the background.
Brexit Deal Fears Fail to Prevent GBP AUD Advance
The Pound has risen by 0.3% against the Australian Dollar today, although this is mainly due to AUD weakness rather than any particularly positive UK news.
The latest concerning factor for Pound traders has been future Brexit...
CATEGORIES: Pound Australian Dollar Forecasts
GBP to CAD Exchange Rate Strength Limited as Traders Await Bank of Canada (BOC) News
10 Jul 2017 at 1 PM - Written by Tim Boyer
STORY LINK GBP to CAD Exchange Rate Strength Limited as Traders Await Bank of Canada (BOC) News
Poor British ecostats over the last week have failed to support the British Pound to Canadian Dollar exchange rate. A strong increase in Bank of Canada (BOC) interest rate hike bets helped the ‘Loonie’ to capitalise on Sterling weakness.
Last week saw GBP/CAD tumble from the opening level of 1.6888 to the closing level of 1.6595. Since markets opened this week, the pair has recovered to around 1.6650 due to poor commodity...
CATEGORIES: Pound Canadian Dollar Forecasts
EUR to USD Exchange Rate Recovers to Week’s Opening Levels on ECB Hopes
7 Jul 2017 at 12 PM - Written by David Woodsmith
STORY LINK EUR to USD Exchange Rate Recovers to Week’s Opening Levels on ECB Hopes
Increased speculation that the European Central Bank (ECB) could be edging towards normalising monetary policy has helped the Euro to US Dollar exchange rate to recover this week. The ‘Greenback’ has been held back by an unclear Federal Reserve policy outlook.
The outlook for EUR/USD remains strong. While the pair tumbled in the middle of the week and hit a low of 1.1319, it recovered on Thursday to around the week’s...
CATEGORIES: Euro Forecasts
USD GBP Exchange Rate Rallies as UK Data Disappoints
7 Jul 2017 at 11 AM - Written by John Cameron
STORY LINK USD GBP Exchange Rate Rallies as UK Data Disappoints
The US Dollar Pound (USD GBP) exchange rate skyrocketed this morning, recouping the majority of Thursday losses as the UK posted some disappointing economic data.
Pound (GBP) Plummets as UK Trade Deficit Widens
The Pound slumped against the US Dollar this morning as the Office for National Statistics (ONS) delivered a smattering of poor economic data for the UK.
Of particular concern to investors this morning was the...
CATEGORIES: Pound Dollar Forecasts
GBP EUR Exchange Rate Slides as German Factory Orders Recover
6 Jul 2017 at 12 PM - Written by John Cameron
STORY LINK GBP EUR Exchange Rate Slides as German Factory Orders Recover
The Pound Euro (GBP EUR) exchange rate slipped from a two-week high this morning as Germany reported a jump in factory orders in May.
Euro (EUR) Advances as German Factory Orders Rebound
The Euro was able to rally from a two-week low earlier this morning following the release of Germany’s latest factory orders data.
According to Germany’s national statistics agency, Destatis factory orders rebounded in May, reversing...
CATEGORIES: Pound Euro Forecasts
GBP NZD Exchange Rate Advances Slowed by Cooling UK Service Sector
5 Jul 2017 at 12 PM - Written by John Cameron
STORY LINK GBP NZD Exchange Rate Advances Slowed by Cooling UK Service Sector
The Pound New Zealand Dollar (GBP NZD) exchange rate found its gains trimmed this morning as the pairing was hampered by a slowdown in the UK’s service sector.
Pound (GBP) Advance Slowed by Slide in Services Activity
The Pound found its advance slowed this morning as Sterling came under pressure following the release of the UK’s latest Services PMI.
According to data compiled by IHS Markit growth in the UK’s...
CATEGORIES: Pound New Zealand Dollar Forecasts