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Latest Currency News Continued - page 8
Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 8

Welcome to Currency News. Our aim is simple: deliver expert financial comment and analysis on the world currency markets and exchange rates. The latest currency news, exchange rate forecasts, currency predictions and forex data at your fingertips. International payments? Maximise your foreign currency transfers today.

Latest Currency News Headlines

Could Weaker UK Services PMI Extend GBP CAD Exchange Rate Losses?

4 Jul 2017 at 5 PM - Written by David Woodsmith

Confidence in the Pound remained decidedly muted on Tuesday, with June’s UK construction PMI falling short of forecast in the wake of a similarly disappointing manufacturing PMI. This indicated that growth in the UK economy lost some momentum in the last month, putting further pressure on the second quarter Gross Domestic Product. While the construction PMI remained in expansion territory the details did not appear to bode...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to INR Exchange Rate Tumbles on UK Growth Concerns

4 Jul 2017 at 3 PM - Written by Ben Hughes

This week has seen India roll out its new Goods and Services Tax (GST), which has led to cautious but optimistic Indian Rupee trade. The Pound to Indian Rupee exchange rate has slipped as this week’s UK PMIs have so far disappointed. After making big gains last week on surprising Bank of England (BoE) news, GBP/INR ended the week trading at around 84.19 – near its best levels since February. This week has seen the pair shed...

CATEGORIES: Pound Rupee Forecasts

GBP NZD Exchange Rate Slides as UK Manufacturing Sector Slows

3 Jul 2017 at 3 PM - Written by John Cameron

The Pound New Zealand Dollar (GBP NZD) exchange rate slumped from its best levels today as a disappointing Manufacturing PMI weighed on Sterling. Pound (GBP) Slides as Factory Activity Slows The Pound fell against the New Zealand Dollar at the start of the European session this morning as Sterling was battered by an unexpectedly poor Manufacturing PMI. According to data compiled by IHS Markit, activity in the UK’s...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP AUD Exchange Rate Dips on UK Manufacturing Slowdown

3 Jul 2017 at 3 PM - Written by Toni Johnson

Sterling’s latest losses against the Australian Dollar put the GBP AUD exchange rate at the best since June 28th, which is still a long way down from early June’s better pairing rate. Pound Weakened by Disappointing UK Manufacturing Stats The Pound has made a minor losses against the Australian Dollar today, coming in at a rate of 1.6922. The main UK news has been that UK manufacturing activity has fallen in June....

CATEGORIES: Pound Australian Dollar Forecasts

Pound (GBP) Australian Dollar Exchange Rate (AUD) Weakens after Negative UK Q1 GDP

30 Jun 2017 at 5 PM - Written by John Cameron

The Pound has pared a lot of its recent gains against the Australian Dollar after negative UK Q1 GDP figures and strong commodity prices drove the pairing apart. Sterling Stumbles Following Negative GDP Print Sterling spent yesterday riding a wave of interest rate hike speculation after a surprising turnaround in sentiment from Bank of England (BoE) Governor Mark Carney. This morning, however, the rally slowed, as the...

CATEGORIES: Australian Dollar Forecasts

GBP USD Exchange Rate Slumps as UK GDP Slows in Q1

30 Jun 2017 at 1 PM - Written by Toni Johnson

While today’s UK GDP stats have met with forecasts, this has failed to provide any support to the GBP USD exchange rate. Pound Slumps as UK GDP Worsens in Q1 Today’s UK GDP data has weakened the Pound against the US Dollar, due to its implications. The finalised Q1 GDP figures have shown a slight annual rise, but a quarter-on-quarter drop from 0.7% to 0.2%. This result has raised concerns about the UK economy going...

CATEGORIES: Pound Dollar Forecasts

GBP/AUD Weakens as Risk Appetite Boosts AUD Demand

29 Jun 2017 at 2 PM - Written by Minesh Chaudhari

The British Pound may be on largely solid form today, but demand for the Australian Dollar is stronger. This has pushed the GBP/AUD exchange rate slightly below opening levels, even though markets remain exuberant following yesterday’s hawkish shift in tone from Bank of England (BoE) Governor Mark Carney. GBP Continues to Rally on Carney’s Monetary Policy Comments Yesterday, Mark Carney surprised markets with what...

CATEGORIES: Pound Australian Dollar Forecasts

EUR to USD Exchange Rate Continues Climb Despite Draghi Misunderstanding

29 Jun 2017 at 2 PM - Written by Toni Johnson

Wednesday’s news that European Central Bank (ECB) President Mario Draghi had been misinterpreted by markets has failed to knock the Euro to US Dollar exchange rate down. The pair continues to gain as low Fed rate hike bets keep ‘Greenback’ movement limited. EUR/USD began this week trending relatively flatly in the region of 1.1190. Since Tuesday however, the pair has rallied and by this morning EUR/USD was trending near...

CATEGORIES: Euro Forecasts

GBP JPY Exchange Rate nears 6-week High on Carney Comments

28 Jun 2017 at 5 PM - Written by Toni Johnson

Bank of England (BoE) Governor Mark Carney has been responsible for the latest GBP JPY rise from 143.77 to 145.47. GBP Surges as Traders Assume 2017 UK Interest Rate Hike is a Go The Pound’s sharp uptrend against the Japanese Yen today came after Carney’s remarks at an event in Portugal. Attending a meeting of central bankers from around the world, Carney stated that; ‘When the Monetary Policy Committee (MPC)...

CATEGORIES: Pound Yen Forecasts

GBP to CAD Exchange Rate Rises as Bank of England (BoE) Governor Surprises Traders

28 Jun 2017 at 3 PM - Written by Tim Boyer

Investors sold the Canadian Dollar last week as Canada’s latest inflation data fell short of expectations. However, CAD demand improved again this week following more hawkish comments from Bank of Canada (BOC) Governor Stephen Poloz. Due to economic uncertainty in Britain and mixed commodity data, GBP/CAD briefly tumbled to a new weekly low of 1.6767 on Wednesday. However, following surprising Bank of England (BoE) comments...

CATEGORIES: Pound Canadian Dollar Forecasts