Latest Currency News Continued - page 6
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GBP EUR Exchange Rallies as PM Outlines 'Brexit' Plans
17 Jan 2017 at 3 PM - Written by Ben Hughes
STORY LINK GBP EUR Exchange Rallies as PM Outlines 'Brexit' Plans
The British Pound to Euro exchange rate continued to trend over half a cent below the day’s opening levels towards the end of Wednesday’s session, but was able to limit its losses after a date for the Supreme Court’s Article 50 case decision was announced.
UK Supreme Court will announce whether it will side with the High Court or UK government on the activation of Article 50 on the 24th of January. Investors expect the...
CATEGORIES: Currency Predictions Daily Currency Updates Pound Euro Forecasts
Rising Gold Prices Support ZAR, Pound South African Rand Exchange Rate Dips
17 Jan 2017 at 11 AM - Written by Minesh Chaudhari
STORY LINK Rising Gold Prices Support ZAR, Pound South African Rand Exchange Rate Dips
The Pound to South African Rand exchange rate trended near its worst daily levels on Wednesday afternoon but remained well above the week’s opening levels.
The South African Rand failed to capitalise on the weaker Pound throughout the day due to limited demand for risky emerging market currencies ahead of Donald Trump’s upcoming inauguration on Friday.
[Previously Updated 17/01/2017]
Pound Rand Losses Recorded Ahead...
CATEGORIES: Pound Rand Forecasts
Brexit Fears Send GBP NZD Exchange Rate to 2-Month Low
13 Jan 2017 at 11 AM - Written by Toni Johnson
STORY LINK Brexit Fears Send GBP NZD Exchange Rate to 2-Month Low
The Pound to New Zealand Dollar exchange rate fell on Thursday as Brexit jitters returned once the UK government announced that Prime Minister Theresa May’s Brexit speech would take place this coming Tuesday. The ‘Kiwi’ held firm on lasting risk-sentiment.
GBP/NZD began the week trending at the level of 1.7662 and as of Friday morning was trending near a two-month-low of 1.7065. Almost six cents down, the pair is not...
CATEGORIES: Pound New Zealand Dollar Forecasts
Pound Canadian Dollar Exchange Rate Advances on Risk-Off Trading
13 Jan 2017 at 11 AM - Written by Ben Hughes
STORY LINK Pound Canadian Dollar Exchange Rate Advances on Risk-Off Trading
Risk appetite generally declined ahead of the weekend thanks to an unexpectedly sharp contraction in Chinese exports, which prompted the Pound Canadian Dollar (GBP CAD) exchange rate to trend higher.
Less Dovish BoE Comments Boosted Pound Sterling
Confidence in the Pound (GBP) picked up in the wake of comments from Bank of England (BoE) policymaker Michael Saunders, who appeared to be relatively optimistic regarding the...
CATEGORIES: Currency Predictions Pound Canadian Dollar Forecasts
Oil Glut Worries Sends Pound Norwegian Krone Exchange Rate Higher
12 Jan 2017 at 4 PM - Written by James Fuller
STORY LINK Oil Glut Worries Sends Pound Norwegian Krone Exchange Rate Higher
The Pound to Norwegian Krone exchange rate hit new weekly lows on Friday afternoon despite oil prices dropped from their best levels on concerns that OPEC’s planned oil output cuts would not be enough to stimulate long-term price increases.
This left GBP/NOK close to 10.3399 – its lowest level since before the US election in November 2016. The pair could recover from its worst levels in the next week if oil prices continue...
CATEGORIES: Daily Currency Updates Pound Norwegian Krone Forecasts
Major CHF Gains seen after Trump Turmoil
12 Jan 2017 at 4 PM - Written by Minesh Chaudhari
STORY LINK Major CHF Gains seen after Trump Turmoil
The Swiss Franc fell from its best levels against the US Dollar on Friday afternoon as market sentiment towards the US Dollar recovered slightly and investors eased their positions on the ‘safe haven’ Franc.
Friday’s US data was generally optimistic. While December’s retail sales figures didn’t meet expectations at 0.7%, the 0.6% result was solid enough for markets. Traders were also pleased that the University of...
CATEGORIES: Pound Swiss Franc Forecasts
Mixed German Data Leaves EUR CHF Trending Lower
12 Jan 2017 at 2 PM - Written by Ben Hughes
STORY LINK Mixed German Data Leaves EUR CHF Trending Lower
The Euro to Swiss Franc exchange rate continued to fluctuate within a narrow range on Friday afternoon as no fresh influential data moved the exchange rates from the day’s opening levels.
The Swiss Franc may see an increase in demand in the next week however as US President-elect Donald Trump will be inaugurated on the 20th and could see investors flocking to ‘safe haven’ currencies.
[Previously Updated 12/01/2017]...
CATEGORIES: Currency Predictions Pound Swiss Franc Forecasts