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Latest Currency News Continued - page 7

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Latest Currency News Headlines

British Pound to Canadian Dollar Forecast for the New Week: Range Bound

11 Dec 2016 at 8 PM - Written by John Cameron

The Pound Canadian Dollar (GBP/CAD) exchange rate weakened to a four-week low this week with the Canadian dollar being boosted by rising oil prices. Pound Canadian Dollar (GBP CAD) Outlook Hinges on Oil Prices The Bank of Canada kept policy unchanged, amid expectations of continued uncertainty in the global economy and a moderate fourth quarter growth. It also said that “a significant amount of economic slack remains...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Daily Currency Updates

Pound Australian Dollar Exchange Rate Forecast: Will GBPAUD Continue to Uptrend This Week?

11 Dec 2016 at 8 PM - Written by John Cameron

The Pound Australian Dollar (GBP AUD) exchange rate fell back from its best levels late on Friday as foreign exchange markets reacted to a rise in Chinese inflation. Pound Australian Dollar (GBP AUD) Recovers Last week, the economic data between the UK and Australia showed divergence. While the UK’s data was strong, the Australian data was below expectations. While the UK economy continues to be resilient after the...

CATEGORIES: Australian Dollar Forecasts Currency Predictions

UK Trade Deficit Shows Sharp Reduction, Pound US Dollar Exchange Rate Returns to Form

9 Dec 2016 at 11 AM - Written by Frank Davies

Pound US Dollar Exchange Rate Climbs after Better-than-Expected UK Trade Result Sterling has managed to gain against the US Dollar today, equating to a GBP USD exchange rate of 1.26. The latest UK data has facilitated this rise in GBP’s value, with the October trade balance showing a sizable reduction in the deficit from -5.81bn to -1.97bn. In other UK news, the yearly Q3 construction orders and October construction...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterling Forecasts

GBP USD Exchange Rate Volatile over New 'Brexit' Concerns

8 Dec 2016 at 3 PM - Written by James Fuller

The GBP USD exchange rate has been meet by increased volatility today, fluctuating by around half a cent as 'Brexit' concerns weighed on the Pound. Pound US Dollar (GBP USD) Pressured by 'Brexit' Concerns The Pound US Dollar (GBP USD) exchange rate fell this afternoon as it was reported that some major banks are making plans to move some of their operations from London to Paris in reaction to 'Brexit'. France's leading...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterling Forecasts

ECB Decision Sends Pound to Euro Exchange Rate to 1.1189, Will GBP/EUR Hold Here?

8 Dec 2016 at 2 PM - Written by Ben Hughes

Pound Euro Exchange Rate Rally Extends Article 50 Best After Draghi's Policy Change Interpreted as Taper The Pound to Euro exchange rate today (09/12/16): 1.18765.The Euro to Pound exchange rate today: 0.84200 The Pound Euro exchange rate has risen considerably today, advancing from a daily low of 1.16 to a new high of 1.18. UK news has been thin on the ground, with the main focus resting on Wednesday evening’s Commons...

CATEGORIES: Currency Predictions Euro Pound Forecasts Pound Sterling Forecasts

Pound to Dollar Exchange Rate: 'Mid 1.26s More of Less Pivotal for GBP Now'

7 Dec 2016 at 12 PM - Written by Frank Davies

The end-of-week session finds the pound to dollar exchange rate modestly higher on the day at 1.26038. Where next for GBP/USD in short-term outlook? "Cable’s mid-week slide failed to generate any real follow through and the market remains essentially range bound between 1.25/1.29." note Scotiabank in their daily report to clients. "Weakness below 1.2635/40, which we thought yesterday would lead to more downside...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Dollar Forecasts

Surprise UK Industrial Output Contraction Weighs on Pound Euro Exchange Rate

7 Dec 2016 at 12 PM - Written by Toni Johnson

Disappointing UK Production Data Softened Pound Sterling Exchange Rates Investors were disappointed when October’s UK industrial and manufacturing figures fell significantly short of forecast, showing an unexpected contraction across the board. This naturally undermined confidence in Pound Sterling (GBP), indicating that the UK economy is still under pressure despite stronger PMI figures. The mood towards the Pound was...

CATEGORIES: Daily Currency Updates Euro Pound Forecasts Pound Sterling Forecasts

Government Argues against Article 50 Ruling, Pound Euro Exchange Rate Climbs

6 Dec 2016 at 12 PM - Written by Ben Hughes

Pound Euro Strengthens as Government's Case is Questioned The Pound Euro exchange rate has risen to an interbank rate of 1.18 during trading today, with Sterling making much greater gains in other currency pairings. The source of this widespread investor optimism is thought to be the Government’s ongoing appeal in the Supreme Court to regain control of triggering Article 50. So far, the case has come under scrutiny by...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts

Bullish Oil Price and BOC Optimism Keep Pound Canadian Dollar Exchange Rate on Downtrend

5 Dec 2016 at 5 PM - Written by Ben Hughes

As the mood towards oil remained positive on Monday the Pound to Canadian Dollar struggled to gain any fresh traction, despite positive UK data While risk appetite generally weakened at the start of the week the price of Brent crude remained solid, trending in the region of US$55 per barrel and helped to support the commodity-correlated Canadian Dollar (CAD). Although developments in Europe prompted some fresh investor...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Daily Currency Updates

Article 50 Appeal Proceedings See Pound US Dollar Exchange Rate Dip

5 Dec 2016 at 3 PM - Written by Ben Hughes

Pound US Dollar Slips as Article 50 Appeal Case is Made The Pound has been a struggling option during trading today, falling slightly against the US Dollar and making sporadic movements against other peers. The day’s UK domestic data has actually been highly supportive, with both the composite and services PMIs for November rising above forecasts. In spite of this, however, interest in the Pound has been severely...

CATEGORIES: Currency Predictions Daily Currency Updates Dollar Pound Forecasts Pound Sterling Forecasts