Latest Currency News Continued - page 80
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Latest Currency News Headlines
Sterling Fluctuates despite Positive Construction Output
6 Jan 2016 at 7 AM - Written by Minesh Chaudhari
STORY LINK Sterling Fluctuates despite Positive Construction Output
UK Construction PMI Eclipses Expectations
Despite the fact that British economic data showed construction output significantly bettered estimates, the Pound failed to advance versus all of its major peers. December’s UK Construction PMI came in at 57.8 which eclipsed the median market forecast rise from 55.3 to 56.
Commenting on the report, David Noble, Group Chief Executive Officer at the Chartered Institute of...
CATEGORIES: Pound Sterling Forecasts
Australian Dollar Forecast to Struggle on Chinese Stock Values, Market Sentiment
5 Jan 2016 at 7 AM - Written by James Fuller
STORY LINK Australian Dollar Forecast to Struggle on Chinese Stock Values, Market Sentiment
Chinese Stocks Tumble as Manufacturing Output Extends Contraction
After Monday’s Asian session closed, the Shanghai Composite Index slumped close to -6.9%. This weighed heavily on trader risk appetite as global stock prices followed suit and commodity prices depreciated.
The drop in Chinese stock values can be linked to disappointing domestic data. December’s Chinese Manufacturing PMI failed to meet with the median...
CATEGORIES: American Dollar Forecasts
Pound Sterling GBP Losses Forecast Across the Board
22 Dec 2015 at 5 PM - Written by John Cameron
STORY LINK Pound Sterling GBP Losses Forecast Across the Board
Public Borrowing Data Sends the Pound Sterling (GBP) Lower
The Pound Sterling (currency : GBP) has been hit hard in the global currency markets during today’s trading session. The move out of Sterling-denominated assets from speculators was driven by a troubling set of domestic public sector borrowing data, published by the Office of National Statistics earlier. Drilling down into the figures, analysts noted that the UK...
CATEGORIES: Daily Currency Updates Pound Euro Forecasts Pound Sterling Forecasts
Volatility Forecast for Pound Sterling in FX Markets
21 Dec 2015 at 8 AM - Written by John Cameron
STORY LINK Volatility Forecast for Pound Sterling in FX Markets
Market Volatility Expected Before Year-End
It might be Christmas week across the Western world, but trading will continue in the global markets throughout the festive period and it remains highly possible that major market move could take place between now and the end of the year.
Investors eyeing the market would do well to remember back to the last few days of 2008 at this time; the Pound Sterling euro exchange rate had...
CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts Pound Yen Forecasts