Latest Currency News Continued - page 7
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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
GBP EUR Exchange Rate Slumps on Article 50 Bill Debate, Gloomy IFS Forecast
7 Feb 2017 at 3 PM - Written by Frank Davies
STORY LINK GBP EUR Exchange Rate Slumps on Article 50 Bill Debate, Gloomy IFS Forecast
The British Pound to Euro exchange rate flattened on Wednesday afternoon as the Pound’s bullishness from Tuesday afternoon faded and the Euro strengthened due to a weaker US Dollar.
Sterling also slipped due to expectations that MPs would vote to pass the Article 50 bill through to the House of Lords on Wednesday evening. The increasingly imminent Brexit process left traders jittery.
[Previously updated 08/02/2017]...
CATEGORIES: Daily Currency Updates Euro Pound Forecasts
USD Recovers from Lows, GBP to USD Exchange Rate Slips
6 Feb 2017 at 1 PM - Written by John Cameron
STORY LINK USD Recovers from Lows, GBP to USD Exchange Rate Slips
The British Pound to US Dollar exchange rate continued to trend at its worst levels in over a week on Tuesday afternoon due to the hawkishness of Federal Reserve officials and the latest Brexit concerns.
GBP/USD slightly held away from its weekly lows towards the end of the day’s European session thanks to comments from Bank of England (BoE) hawk Kristin Forbes, who stated that she would vote to hike UK interest rates to stop...
CATEGORIES: Currency Predictions Daily Currency Updates Dollar Pound Forecasts
Disappointing UK Services PMI and BoE Outlook Weighed on GBP INR Exchange Rate
3 Feb 2017 at 3 PM - Written by Ben Hughes
STORY LINK Disappointing UK Services PMI and BoE Outlook Weighed on GBP INR Exchange Rate
After the Bank of England (BoE) Inflation Report failed to raise the odds of an imminent return to monetary tightening the Pound Sterling to Indian Rupee (GBP INR) exchange rate was prompted to trend lower.
Weaker Economic Momentum Weighed on GBP
Confidence in the Pound weakened further after the UK Services PMI proved softer than forecast in January, with sector growth slipping from 56.2 to 54.5.
The report also...
CATEGORIES: Daily Currency Updates Pound Rupee Forecasts
UK PMIs Fall on all Fronts, USD GBP Exchange Rate Rises
3 Feb 2017 at 11 AM - Written by James Fuller
STORY LINK UK PMIs Fall on all Fronts, USD GBP Exchange Rate Rises
Gains Recorded in USD GBP Exchange Rate as Major January Jobs Stats Approach
The US Dollar has risen by 0.3% against the Pound today, following the news that Donald Trump is planning to start the repeal process on the Dodd Frank regulations for mortgages and lending.
While this might cause significant difficulties in the long-term, the near-term benefits will include a greatly deregulated house funding industry that could...
CATEGORIES: Currency Predictions Daily Currency Updates Pound Dollar Forecasts
Revised BoE Growth Forecasts Failed to Encourage GBP/CHF Exchange Rate Rally
2 Feb 2017 at 5 PM - Written by Tim Boyer
STORY LINK Revised BoE Growth Forecasts Failed to Encourage GBP/CHF Exchange Rate Rally
The mood towards the Pound deteriorated markedly on Thursday, despite the Bank of England (BoE) substantially raising its growth forecasts for 2017.
Less Hawkish BoE Prompted Pound Sterling Downtrend
While the BoE took a more optimistic view of the economy in its latest quarterly Inflation Report this was not seen to indicate any greater willingness to raise interest rates in the near future.
Indeed, Governor Mark...
CATEGORIES: Currency Predictions Pound Swiss Franc Forecasts
USD JPY Exchange Rate Drops Following Subdued Fed Meeting
2 Feb 2017 at 1 PM - Written by John Cameron
STORY LINK USD JPY Exchange Rate Drops Following Subdued Fed Meeting
The USD JPY exchange rate fell to a two-week low this morning as the Federal Reserve voted to leave interest rates unchanged.
US Dollar Japanese Yen (USD JPY) Pressured by Dovish Fed Outlook
The US Dollar Japanese Yen (USD JPY) exchange rate dipped yesterday following as the Fed meet to discuss it monetary policy.
While the odds that the Fed would vote to raise interest rates at yesterday’s meeting, markets were hoping...
CATEGORIES: Japanese Yen Forecasts Pound Sterling Forecasts