Latest Currency News Continued - page 7
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Latest Currency News Headlines
GBP INR Exchange Rate Predicted to Slide if UK Wage Squeeze Continues
7 Apr 2017 at 12 PM - Written by Tim Boyer
STORY LINK GBP INR Exchange Rate Predicted to Slide if UK Wage Squeeze Continues
Poor Week of GBP INR Trading Ends with Trade Deficit Expansion
As well as being devalued by falling PMIs this week, the Pound has also fallen against the Indian Rupee on recent trade balance figures.
The previous trade deficit was revised up to -2.98bn; this was worsened with stats showing an expansion to -3.66bn in February.
Sterling has been dragged further down by industrial production data, which has slowed against...
CATEGORIES: Daily Currency Updates Pound Rupee Forecasts
EUR to GBP Exchange Rate Advances as UK Ecostats Disappoint
7 Apr 2017 at 10 AM - Written by Ben Hughes
STORY LINK EUR to GBP Exchange Rate Advances as UK Ecostats Disappoint
The Euro to British Pound exchange rate fluctuated on Thursday, but began to put in a modest advance on Friday morning following the day’s solid German data and poor UK stats. EUR/GBP looked likely to sustain gains this week.
EUR/GBP began the week trading at the level of 0.8492 and briefly hit a high of 0.8588 on Wednesday before shedding some of its gains. The pair trended in the region of 0.8550 on Friday morning.
CATEGORIES: Currency Predictions Euro Forecasts
GBP AUD Exchange Rate Softens Despite Risk Aversion
6 Apr 2017 at 1 PM - Written by James Fuller
STORY LINK GBP AUD Exchange Rate Softens Despite Risk Aversion
The British Pound to Australian Dollar exchange rate slipped slightly from its weekly highs throughout Friday’s session due to underwhelming UK ecostats, but still looked to end the week above its opening levels.
Risk-averse behaviour in forex trade remained high throughout the week, and disappointing price movement in the iron ore market kept the iron ore correlated ‘Aussie’ in low demand.
CATEGORIES: Pound Australian Dollar Forecasts
GBP/JPY Climbs Higher, but Economic Worries Remain
6 Apr 2017 at 12 PM - Written by Toni Johnson
STORY LINK GBP/JPY Climbs Higher, but Economic Worries Remain
Towards the end of the week’s European session, the British Pound to Japanese Yen exchange rate neared its weekly lows once again due to solid demand for ‘safe haven’ currencies and weakness in the Pound.
The Pound could see an increase in demand next week if Britain’s March Consumer Price Index (CPI) results beat expectations. However, even if they do, any comments from the Bank of England (BoE) brushing off the...
CATEGORIES: Pound Yen Forecasts
GBP CHF Exchange Rate Rallies on Surprise UK Services Result
5 Apr 2017 at 12 PM - Written by Tim Boyer
STORY LINK GBP CHF Exchange Rate Rallies on Surprise UK Services Result
The British Pound to Swiss Franc exchange rate trended relatively flatly on Thursday afternoon. The Franc has been relatively limp throughout the day and was little changed after the publication of the day’s inflation stats.
Friday’s session will see the publication of UK trade data for February, as well as Switzerland unemployment figures for March. GBP/CHF looks on track to end the week below its opening...
CATEGORIES: Daily Currency Updates Pound Swiss Franc Forecasts
GBP to ZAR Exchange Rate Surges as South Africa’s Controversial Leader Holds Role
5 Apr 2017 at 12 PM - Written by Ben Hughes
STORY LINK GBP to ZAR Exchange Rate Surges as South Africa’s Controversial Leader Holds Role
The British Pound to South African Rand exchange rate continued to edge higher on Thursday afternoon and tested the week’s highest levels.
Despite the Pound weakening as the services PMI rally faded, it was still able to gain on the weak South African Rand. However, according to a Thursday Reuters poll, analysts believe the Rand will stabilise for the rest of 2017 as the events of the last week are already priced in to ZAR...
CATEGORIES: Currency Predictions South African Rand Forecasts
GBP NZD Exchange Fluctuates as Construction PMI Disappoints
4 Apr 2017 at 4 PM - Written by Tim Boyer
STORY LINK GBP NZD Exchange Fluctuates as Construction PMI Disappoints
The British Pound to New Zealand Dollar exchange rate surged on Wednesday afternoon, recovering its weekly losses and hitting a fresh 2016 high of 1.7954. This was also GBP/NZD’s best level since September 2016.
Poor risk-sentiment and solid UK services data means the pair has the potential to hold most of its gains for the remainder of the week – unless markets begin to return to risk-correlated currencies.
CATEGORIES: Pound New Zealand Dollar Forecasts
AUD to GBP Exchange Rate Falls on Cautious RBA and Low Risk-Sentiment
4 Apr 2017 at 1 PM - Written by John Cameron
STORY LINK AUD to GBP Exchange Rate Falls on Cautious RBA and Low Risk-Sentiment
The Australian Dollar to British Pound exchange rate slipped below the week’s opening levels on Wednesday and remained there for most of the day due to Britain’s solid services stats from earlier in the day.
AUD/GBP is likely to remain weak for the remainder of the week. With markets averse to risk due to political instability, the Australian Dollar simply lacks appeal among forex traders.
[Previously updated 05/04/2017]...
CATEGORIES: Australian Dollar Forecasts
GBP USD Exchange Rate Plummets as UK Manufacturing Disappoints
3 Apr 2017 at 11 AM - Written by Frank Davies
STORY LINK GBP USD Exchange Rate Plummets as UK Manufacturing Disappoints
The British Pound to US Dollar exchange rate continued to slide on Tuesday afternoon. Investors hesitated to buy the Pound amid concerns that Wednesday’s UK services PMI would also fail to meet expectations.
The US Dollar saw little change in movement in the afternoon despite news that February’s US trade deficit had lightened further than expected – from -$48.2b to -$43.6b.
[Previously updated 04/04/2017]
CATEGORIES: Dollar Pound Forecasts