Latest Currency News Continued - page 9
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Latest Currency News Headlines
Record Low UK Deficit Triggers GBP CAD Advance
25 Apr 2017 at 10 AM - Written by Ben Hughes
STORY LINK Record Low UK Deficit Triggers GBP CAD Advance
Sterling’s rise against the Canadian Dollar today has partly come from UK borrowing data, which has shown the annual deficit fall to the lowest since the 2007-08 financial crisis.
Monthly data has been less positive, with March’s deficit hitting -5.1bn instead of the forecast -3bn.
Canadian economic anxiety has also aided the GBP CAD rise, with falling Canadian sales lowering trader confidence in the...
CATEGORIES: Pound Canadian Dollar Forecasts
Can GBP AUD Exchange Rate Weaken Further on Rising Australian Inflation?
24 Apr 2017 at 3 PM - Written by Toni Johnson
STORY LINK Can GBP AUD Exchange Rate Weaken Further on Rising Australian Inflation?
Risk appetite generally picked up at the start of the week, weighing down the Pound Australian Dollar exchange rate as markets reacted to the results of the first round of the French presidential election with relief.
As the odds of a fresh populist upset and victory for Eurosceptic Marine Le Pen were seen to decline investors piled back into higher-yielding assets, including the Australian Dollar.
Confidence in the Pound,...
CATEGORIES: Australian Dollar Forecasts Daily Currency Updates
GBP USD Exchange Rate Ticks Up on US Uncertainty over Taxes
24 Apr 2017 at 2 PM - Written by Ben Hughes
STORY LINK GBP USD Exchange Rate Ticks Up on US Uncertainty over Taxes
The Pound’s small advance against the US Dollar today follows a Confederation of British Industry (CBI) report on manufacturing and business optimism.
The CBI’s data shows manufacturing orders to be growing at their fastest pace in six years, while orders from outside the European Union were the highest ever.
The cloud to the silver lining has been a specific slowdown in April’s exports, which has led some to speculate...
CATEGORIES: Currency Predictions Pound Dollar Forecasts
EUR to GBP Exchange Rate Surges on Macron’s First Round French Election Win
24 Apr 2017 at 10 AM - Written by Ben Hughes
STORY LINK EUR to GBP Exchange Rate Surges on Macron’s First Round French Election Win
When markets opened on Monday morning, the Euro surged as investors scrambled to buy it following the results of Sunday’s French vote. The first round of France’s Presidential election ended with pro-EU Emmanuel Macron in first, giving the Euro to British Pound exchange rate a huge boost.
EUR/GBP plunged from 0.8474 to 0.8368 last week, losing a cent when it was confirmed that Britain would have a general election on the...
CATEGORIES: Currency Predictions Euro Pound Forecasts
GBP USD Exchange Rate Slides after Sharp UK Sales Contraction
21 Apr 2017 at 1 PM - Written by David Woodsmith
STORY LINK GBP USD Exchange Rate Slides after Sharp UK Sales Contraction
After March’s UK retail sales data proved worse than expected the Pound US Dollar exchange rate came under renewed pressure.
Investors were wrong-footed to find that sales had contracted -1.8% on the month, indicating that consumers have started to dramatically cut back on spending.
With inflationary pressure set to mount further over the coming months, even as wage growth stagnates, sales are likely to see continued...
CATEGORIES: Dollar Pound Forecasts
GBP to NZD Exchange Rate Falls Back from Highs on Disappointing UK Sales Data
21 Apr 2017 at 12 PM - Written by Tim Boyer
STORY LINK GBP to NZD Exchange Rate Falls Back from Highs on Disappointing UK Sales Data
This week has seen significant gains in the Pound to New Zealand Dollar exchange rate, but the pair was unable to hold its weekly highs on Friday as the latest UK retail sales data came in well below expectations.
GBP/NZD began the week trending at the level of 1.7896 and on Tuesday the pair gained around three cents in value. The pair hit a 2017 high of 1.8321 on Thursday which was also its best level since August 2016. At the...
CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts
GBP JPY Exchange Rate Tumbles as UK Retail Sales Plummet
21 Apr 2017 at 11 AM - Written by James Fuller
STORY LINK GBP JPY Exchange Rate Tumbles as UK Retail Sales Plummet
The Pound Japanese Yen (GBP JPY) exchange rate tumbled from its best levels this morning following the shocking collapse of UK Retail Sales figures last month.
Sterling softened as data released by the ONS showed that sales contracted to -1.8% in March, a major decline from the 1.7% sales growth seen the month before and a far larger decline than the drop to -0.2% that had been forecast by economists.
The disappointing data...
CATEGORIES: Japanese Yen Forecasts
GBP INR Exchange Rate Volatility Forecast on UK Retail Sales Data
20 Apr 2017 at 5 PM - Written by Ben Hughes
STORY LINK GBP INR Exchange Rate Volatility Forecast on UK Retail Sales Data
Markets have continued to bet on the prospect of the Conservatives returning to power with a larger majority in the June general election, keeping the Pound Indian Rupee (GBP INR) exchange rate on a stronger footing.
There are hopes that Theresa May would have the freedom to push for a softer Brexit if the influence of Eurosceptic backbenchers is reduced.
This speculation has seen the Pound trending higher across the board...
CATEGORIES: Currency Predictions Pound Rupee Forecasts
GBP AUD Exchange Rate Steady as UK General Election Campaigning Begins
20 Apr 2017 at 3 PM - Written by Ben Hughes
STORY LINK GBP AUD Exchange Rate Steady as UK General Election Campaigning Begins
The Pound Australian Dollar (GBP AUD) exchange rate continues to hold close to the best levels it struck earlier this week as UK politicians begin the first day of campaigning ahead of the snap election in June.
Sterling sentiment has shot up since the early election was first announced on Tuesday, with markets speculating that the Conservatives are likely to claim a landslide victory, granting Prime Minister Theresa May with a...
CATEGORIES: Australian Dollar Forecasts Currency Predictions
GBP to EUR Exchange Rate Slips on Rising Hopes for Macron Win in French Election
20 Apr 2017 at 11 AM - Written by Frank Davies
STORY LINK GBP to EUR Exchange Rate Slips on Rising Hopes for Macron Win in French Election
The Pound to Euro exchange rate fell from its weekly highs on Wednesday evening and Thursday morning. While Sterling sentiment remains solid, the Euro has seen an increase in demand causing the pair to slip.
GBP/EUR began this week trending at the level of 1.1799. On Tuesday the pair gained over a cent and on Wednesday hit 1.1990 – its best level since after the Brexit vote last year. On Thursday GBP/EUR trended slightly...
CATEGORIES: Daily Currency Updates Euro Pound Forecasts