Latest Currency News Continued - page 8
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Article 50 Bill Vote Approaches, Pound Australian Dollar Exchange Rate Rises
1 Feb 2017 at 10 AM - Written by Ben Hughes
STORY LINK Article 50 Bill Vote Approaches, Pound Australian Dollar Exchange Rate Rises
As the Australian trade surplus was found to have widened further than expected in December the GBP AUD exchange rate slumped sharply, with confidence in the domestic economy improving.
However, the Pound could recover some ground against its rival if the Bank of England (BoE) proves to be more hawkish at its first policy meeting of 2017.
[Previously updated 01/02/2017]
Pound Sterling Weakened on Tuesday by House Debate...
CATEGORIES: Currency Predictions Pound Australian Dollar Forecasts
GBP ZAR Exchange Rate Falls as Brexit Bill Expected to Pass Through Parliament
31 Jan 2017 at 2 PM - Written by Ben Hughes
STORY LINK GBP ZAR Exchange Rate Falls as Brexit Bill Expected to Pass Through Parliament
The British Pound to South African Rand exchange rate continued to test the day’s best levels throughout most of Wednesday afternoon.
As South African’s own manufacturing PMI from Barclays had unexpectedly risen above the 50 contraction point for the first time in a while, the Pound’s gains against the Rand were limited.
[Previously updated 01/02/2017]
Although the South African manufacturing sector unexpectedly...
CATEGORIES: Pound Rand Forecasts
Weetabix Announce Price Rise, GBP AUD Exchange Rate Slides
30 Jan 2017 at 2 PM - Written by Frank Davies
STORY LINK Weetabix Announce Price Rise, GBP AUD Exchange Rate Slides
The Pound to Australian Dollar made a sturdy recovery from its weekly lows of 1.6446 on Tuesday afternoon. At the time of updating, GBP/AUD was up over 0.2%.
Demand for the Australian Dollar plunged on Tuesday afternoon as investors sought out ‘safe haven’ currencies amid fresh Trump jitters. Sterling also strengthened as UK MPs discussed the Article 50 bill in depth in Parliament.
[Previously updated 30/01/2017]
CATEGORIES: Australian Dollar Forecasts Pound Sterling Forecasts
GBP EUR Exchange Slides as Brexit Bill is Published
27 Jan 2017 at 12 PM - Written by Tim Boyer
STORY LINK GBP EUR Exchange Slides as Brexit Bill is Published
The GBP EUR exchange rate slid by around half a cent this morning following the publishing of the government’s bill to invoke Article 50.
Pound Euro (GBP EUR) Pressured as Government Schedules Brexit Bill
The recent rally in the Pound Euro (GBP EUR) exchange rate came to an end this morning as the Pound was weakened by the UK government’s plans to rush its Brexit legislation through parliament.
Markets had hoped...
CATEGORIES: Currency Predictions Daily Currency Updates Euro Pound Forecasts
UK, US Meeting Ahead, GBP/ZAR Rate Falls
27 Jan 2017 at 12 PM - Written by John Cameron
STORY LINK UK, US Meeting Ahead, GBP/ZAR Rate Falls
Sterling Rand Demand Takes a Hit on Data-Deficient Day for UK Economy
The Pound has recorded heavy losses in the GBP ZAR exchange rate today, falling by -0.4% in the pairing due to waning confidence in the UK’s economic future.
Although UK Prime Minister Theresa May has recently been in the US promoting the UK-US ‘special relationship’, investors have been put off by the apparent reliance the UK could have on its...
CATEGORIES: Daily Currency Updates South African Rand Forecasts
Pound to US Dollar Exchange Rate Trends Lower Despite Steady UK GDP on Brexit Volatility
26 Jan 2017 at 3 PM - Written by Ben Hughes
STORY LINK Pound to US Dollar Exchange Rate Trends Lower Despite Steady UK GDP on Brexit Volatility
The British Pound to US Dollar exchange rate plunged on Friday afternoon despite lower demand for the US Dollar, as UK markets took profit from the Pound’s weekly gains before the end of the week’s European session.
Investors were especially anxious about how the first diplomatic meeting between UK Prime Minister Theresa May and US President Donald Trump would go which is sure to affect GBP/USD movement when markets open...
CATEGORIES: Daily Currency Updates Dollar Pound Forecasts
Surprise Drop in German Confidence sees EUR GBP Exchange Rate Dip
25 Jan 2017 at 11 AM - Written by Ben Hughes
STORY LINK Surprise Drop in German Confidence sees EUR GBP Exchange Rate Dip
The Euro to Pound exchange rate performed poorly on Thursday afternoon, as investors became concerned about the long-term health of the Euro project.
As markets feared that the Eurozone would not recover as quickly as hoped and the Euro may also see damage in the next 18 months, EUR/GBP failed to capitalise on the day’s weak Pound.
[Previously updated 26/01/2017]
Even though the German GfK consumer confidence survey...
CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Euro Forecasts