Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 8

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Latest Currency News Headlines

Eurozone Retail PMI Disappoints, EUR/USD Exchange Rate Softens

5 Jan 2017 at 2 PM - Written by Ben Hughes

The Euro to US Dollar exchange rate fell from its best levels on Friday afternoon as the latest US Non-Farm Payroll results left traders optimistic about the US economy in 2017. While the job market didn’t increase as much as expected in December 2016, the increase in jobs was close enough to forecasts to not be concerning and some analysts were cheered by slight improvements in wage growth. (Previously updated 05/01/2016)...

CATEGORIES: Currency Predictions Euro Forecasts

Strong UK Data Doesn't Prevent GBP AUD Losses

5 Jan 2017 at 12 PM - Written by John Cameron

The Pound to Australian Dollar exchange rate continued to plunge on Friday afternoon as risk-sentiment remained strong despite an increase in demand for the US Dollar. If prices of iron ore begin to fall in the coming week as many forecasters believe it will, the Australian Dollar could be undermined and GBP/AUD could register some solid gains. (Previously updated 05/01/2017) The Pound to Australian Dollar exchange rate...

CATEGORIES: Australian Dollar Forecasts Currency Predictions Pound Sterling Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Remains Under Pressure from Bullish Oil Outlook

4 Jan 2017 at 4 PM - Written by Toni Johnson

The Pound to Canadian Dollar exchange rate failed to recover from its worst levels since October 2016 on Thursday afternoon, as the ‘Loonie’ continued to be boosted by the latest oil news. Prices of brent crude oil gained almost 1% throughout the day to reach US$56.95 per barrel, and with OPEC’s oil output cap plans taking effect traders hope the commodity will continue to rise in price. (Previously updated 04/01/2017)...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Canadian Dollar Forecasts

UK Data Helps Pound US Dollar Exchange Rate Recover from Lows

4 Jan 2017 at 11 AM - Written by Frank Davies

The Pound to US Dollar exchange rate tested its weekly best levels on Thursday afternoon as the US Dollar was sold ahead of Friday’s session. Friday’s US Non-Farm Payroll report will be the final one before President-elect Donald Trump takes office on the 20th, and as a result is being seen as a vital show of how the job market is performing. (Previously Updated 04/01/2017) The Pound to US Dollar exchange rate...

CATEGORIES: Currency Predictions Dollar Pound Forecasts

GBP EUR Exchange Rate Rises as Manufacturing Data Impresses

3 Jan 2017 at 2 PM - Written by John Cameron

The Pound to Euro exchange rate slipped on Wednesday afternoon after spending most of the day edging higher. A weaker US Dollar and solid Eurozone ecostats allowed the Euro to advance. Various UK and Eurozone ecostats will be published on Thursday, including Britain’s services and composite PMI results from Markit, and Germany’s construction and retail PMI from Markit. (Previously updated 03/12/2017) The GBP EUR...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts

Surging UK Manufacturing Activity Pushes GBP/USD Exchange Rate Higher

3 Jan 2017 at 10 AM - Written by Tim Boyer

The Pound to US Dollar exchange rate continued its modest recovery attempt on Wednesday afternoon but if the evening’s Fed minutes report impresses traders it may give up its gains quickly. Thursday will see the publication of UK and US services and composite PMIs, from Markit and ISM respectively. UK services PMI in particular could improve GBP trade if it impresses. (Previously updated 03/01/2017) The GBP/USD exchange...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Dollar Forecasts

USD Weakens, Pound US Dollar Exchange Rate Climbs

30 Dec 2016 at 12 PM - Written by Minesh Chaudhari

The Pound to US Dollar exchange rate fluctuated for most of the week but by Friday the pair was edging above the week’s opening levels. The final trade day of 2016 was largely corrective trading with a lack of fresh driving factors. GBP/USD tested the level of 1.23 on Friday but was largely unable to hold above that level. The exchange rate has lost a significant 25 cents in value since the beginning of the year due to the...

CATEGORIES: Currency Predictions Dollar Pound Forecasts

GBP CAD Exchange Rate Volatile as Britain Faces ‘Decade of Disruption’

29 Dec 2016 at 1 PM - Written by Ben Hughes

The Pound to Canadian Dollar exchange rate fluctuated as the final week of 2016 drew to a close, but due to waning demand for risk-correlated currencies the pair ended the week relatively close to its opening levels. Overall in 2016 GBP/CAD lost around 40 cents in value. It could continue to fall in the New Year if early results from OPEC’s planned oil output cuts impresses investors. [Previously updated 29/12/2016] ...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions

Pound Sterling (GBP) to Australian Dollar (AUD) Edges Lower on Lingering Risk-Sentiment

29 Dec 2016 at 1 PM - Written by James Fuller

The Pound to Australian Dollar exchange rate extended its recovery attempt towards the end of Friday’s session but while it may end the week closer to opening levels GBP/AUD looks to have lost around half a cent in value over the week. If iron ore prices continue to improve in early-2017 this could help boost the ‘Aussie’ against what is expected to be high demand for ‘safe haven’ currencies as the uncertainties of a...

CATEGORIES: Australian Dollar Forecasts Daily Currency Updates

Pound Sterling (GBP) to US Dollar (USD) Falls as Hard Brexit Concerns Continue to Weigh

28 Dec 2016 at 2 PM - Written by Toni Johnson

The Pound to US Dollar exchange rate fell swiftly when UK markets reopened on Wednesday following the long holiday weekend, as a lack of fresh supporting factors for GBP left the currency weak. GBP/USD lost around two cents in value last week and settled on the level of 1.2278. While it trended flatly amid quiet trade earlier this week, it fell to its lowest level since October on Wednesday – 1.2212. Pound (GBP) Lacks...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts