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Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 8

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Latest Currency News Headlines

GBP AUD Exchange Rate Rallies as UK Construction Impresses

3 May 2017 at 4 PM - Written by James Fuller

The Pound Australian Dollar (GBP AUD) exchange rate extended yesterday’s gains this morning following the release of the UK’s latest Construction PMI. According to data compiled by IHS Markit activity in the UK’s construction sector grew from 52.2 to 53.1 in April, rising at its fastest pace in four months and greatly exceeding expectations that it would drop to 52.0. The sector was buoyed by an uptick in demand for...

CATEGORIES: Australian Dollar Forecasts

GBP to NZD Exchange Rate Recovers from Lows on UK Data

3 May 2017 at 1 PM - Written by John Cameron

While the Pound put in a strong Tuesday recovery against most major rivals, the Pound to New Zealand Dollar exchange rate has trended more closely to its weekly lows this week due to strong New Zealand data and improving commodity news. GBP/NZD began the week trading at the level of 1.8860, but fell for the first half of the week. By Wednesday, the pair had hit a low of 1.8565. GBP/NZD recovered from these lows during...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

EUR/USD Sluggish despite Greek Bailout Deal Breakthrough

2 May 2017 at 1 PM - Written by Ben Hughes

The Euro to US Dollar exchange rate is stuck around opening levels today, despite positive data and developments from the Eurozone. The finalised Markit manufacturing PMIs have confirmed that the economic recovery in the Eurozone continued to strengthen in April, with growth in factory activity accelerating to a six-year high. Apart from the German PMI, which fell to a two-month low, and the Netherlands index, which remained...

CATEGORIES: Euro Forecasts

GBP USD Exchange Rate Slumps as Brexit Talks Appear to Stall Before Official Negotiations Begin

2 May 2017 at 10 AM - Written by John Cameron

The GBP USD exchange rate continued to slide overnight on Monday as Prime Minister Theresa May’s dinner with European commission’s president, Jean-Claude Juncker yesterday did not inspire confidence in the Brexit process. May faces reports that she is ‘living in another galaxy’ as Juncker reportedly left Downing Street ‘ten times more sceptical than I was before’ according to a supposed transcript of the meeting...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts

GBP to ZAR Exchange Rate Slips back from Weekly Highs

28 Apr 2017 at 2 PM - Written by John Cameron

After advancing for most of the week last week, the British Pound to South African Rand exchange rate slipped from its highs on Friday as the latest UK growth data was highly disappointing and painted a mixed outlook for Britain’s economy in 2017. GBP/ZAR began the week trending at the level of 16.8153. The pair surged in the latter half of the week and reached a two-week-high of 17.2664 on Friday. GBP/ZAR spent most of...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Rand Forecasts

GBP USD Exchange Rate Trades at 7-Month High despite Slowing UK Growth

28 Apr 2017 at 2 PM - Written by Frank Davies

With UK GDP failing to support Sterling, the UK currency has instead risen on a Bank of America Merill Lynch (BAML) forecast upgrade. This has pushed the Pound to 1.29 against the US Dollar. In a note to clients, BAML Currency Analyst Kamal Sharma said; ‘The announcement of a June 8th general election was a game-changing event for Sterling. Sterling will face Brexit challenges but its day of reckoning has been pushed...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Dollar Forecasts

GBP CAD Exchange Rate Forecast to Come Under Pressure from UK and Canadian GDP

27 Apr 2017 at 12 PM - Written by John Cameron

The Pound Canadian Dollar exchange rate has seen significant volatility so far this week as political developments in the US fuelled some sharp market movements. Demand for the ‘Loonie’ plunged in response to news that the US would be imposing tariffs on softwood lumber, with markets speculating that a similar move against dairy exports could be in the works. This unexpected move naturally soured relations between the US...

CATEGORIES: Canadian Dollar Forecasts

GBP INR Exchange Rate Fluctuates Ahead of UK Growth Report

27 Apr 2017 at 11 AM - Written by James Fuller

The Pound Indian Rupee (GBP INR) exchange rate continues to fluctuate this week ahead of the release of the UK’s Q1 GDP figures tomorrow. Economists expect that the UK’s economic growth is likely to have fallen at the start of 2017 as the consequences of Brexit finally begin to catch up, leading GDP to fall from 0.7% to 0.4% in the first quarter. Analysts attributed the slowdown to the decline of Sterling and subsequent...

CATEGORIES: Currency Predictions Pound Rupee Forecasts

GBP to NZD Exchange Rate Surges to New 2017 Highs

26 Apr 2017 at 2 PM - Written by David Woodsmith

An increase in risk-sentiment at the beginning of this week didn’t last long, as news from the US and underwhelming commodity trade made markets quickly risk-averse again. As a result, the Pound to New Zealand Dollar exchange rate has easily advanced. GBP/NZD began this week trading at the level of 1.82. On Tuesday the pair soared and by Wednesday’s European session it had reached a high of 1.85 – its best levels since...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

GBP EUR Exchange Rate Rallies from Worse Levels Amid Euro Profit Taking

26 Apr 2017 at 2 PM - Written by Frank Davies

The Pound Euro (GBP EUR) exchange rate began to trend higher this morning as investors moved to consolidate their recent gains. The Euro’s advance was halted this morning as markets saw an opportunity for profit taking, following the single currency’s rally after the result of first round voting in the French Presidential elections. Markets were buoyed as centrist Emmanuel Macron progressed to the second round where he...

CATEGORIES: Daily Currency Updates Pound Euro Forecasts