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Latest Currency News Continued - page 9

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Latest Currency News Headlines

GBP USD Exchange Rate Slides to Six-Week Low Following GDP Report

23 Dec 2016 at 3 PM - Written by Minesh Chaudhari

The GBP USD exchange rate continued to downtrend today as markets were concerned about a potential decline in UK growth next year despite a positive GDP report in the third quarter. Pound US Dollar (GBP USD) Falls over Concerns for UK Growth The Pound US Dollar (GBP USD) exchange rate is likely to end the week around two cents lower than where it started as not even a positive GDP report was able to reverse declining...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling (GBP) to Swiss Franc (CHF) Slips as Swiss-EU Relations Improve

23 Dec 2016 at 3 PM - Written by Ben Hughes

The Pound to Swiss Franc exchange rate slipped to its worst levels since November on Friday as Brexit concerns continued to weigh on Sterling appeal despite the day’s decent UK growth results. GBP/CHF fell from the week’s opening level of 1.2818 to a monthly low of 1.2562. Pound (GBP) Fails to Benefit from Friday’s UK Growth Results Despite not meeting preliminary figures, Friday’s final Q3 UK Gross Domestic...

CATEGORIES: Swiss Franc Forecasts

Pound Sterling (GBP) to Australian Dollar (AUD) Exchange Rate Soft Despite Improved UK Consumer Confidence

22 Dec 2016 at 5 PM - Written by Tim Boyer

As low trading volumes and a general atmosphere of risk aversion weighed on the Australian Dollar the Pound nevertheless struggled to find traction against its rival, leaving the GBP AUD exchange rate on a narrow downtrend. Pound Sterling Trended Lower Despite Improved Consumer Confidence Confidence in Pound Sterling (GBP) has been generally limited thanks to resurgent worries over the government’s Brexit strategy this...

CATEGORIES: Pound Australian Dollar Forecasts

Pound Sterling (GBP) to South African Rand (ZAR) Fluctuates near Weekly Lows

22 Dec 2016 at 12 PM - Written by Minesh Chaudhari

The Pound to South African Rand exchange rate fell on Tuesday and has fluctuated near its worst weekly levels since then. Due to a lack of fresh supportive factors for the Pound, investors have seen little reason to buy it this week. GBP/ZAR began the week trending at 17.48 and on Tuesday dropped into the region of 17.20. Despite some brief ventures above 17.30, the pair has not sustained any notable recovery. Pound (GBP)...

CATEGORIES: Pound Rand Forecasts

US Dollar Japanese Yen Exchange Rate Predictions: Potential for Major US Gains

21 Dec 2016 at 2 PM - Written by Ben Hughes

USD JPY Exchange Rate Update: Losses for USD Follow Trump Hints of Terror Response The US Dollar Japanese Yen exchange rate has been generally poor today, with the pairing declining due to uncertainties present among US investors. The latest domestic news has mainly focused on President-Elect Trump, who has stated in response to recent terror attacks that a change of thinking is required. Just what this translates to,...

CATEGORIES: Daily Currency Updates

GBP USD Exchange Rate Slides as Public Borrowing Skyrockets

21 Dec 2016 at 11 AM - Written by Toni Johnson

The GBP USD exchange rate continued to slide today as the latest figures for Public Sector Borrowing accelerated faster than expected. Pound US Dollar (GBP USD) Falls as Borrowing Rises The Pound US Dollar (GBP USD) exchange rate fell this morning following the release of the public borrowing report showing that the UK government was forced to borrow £12.21bn in order to balance the books in November. This is a...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterling Forecasts

Brexit Speculation and Fed Rate Hike Expectations Weigh on GBP USD Exchange Rate

20 Dec 2016 at 4 PM - Written by Minesh Chaudhari

Worries over the government’s approach to Brexit have limited the appeal of the Pound (GBP) once again, with investors concerned by Prime Minister Theresa May’s continued reticence over revealing more of her strategy to Parliament. GBP Exchange Rates Trended Lower Despite Bullish Retail Sales Data Although the CBI retail sales index for December bettered forecast, strengthening from 26 to 35 on the month, this was not...

CATEGORIES: Dollar Pound Forecasts Pound Sterling Forecasts

Lasting Fed Optimism Pushes GBP USD to One-Month Low

20 Dec 2016 at 1 PM - Written by Frank Davies

The Pound to US Dollar exchange rate slumped on Monday and extended losses as the week continued. A lack of strong new UK ecostats meant there was little reason for investors to buy into the British currency this week and the Fed-strengthened USD was in fashion. GBP/USD began the week at the level of 1.2490 but dived to 1.23 – its lowest level in a month. Pound (GBP) Lacks Movement Factors and Falls Limp The Pound...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterling Forecasts

Strike Action Sends UK Confidence Plummeting, GBP AUD Exchange Rate Dips

19 Dec 2016 at 4 PM - Written by Tim Boyer

The Pound to Australian Dollar exchange rate continued to trend with a downside bias on Tuesday afternoon, edging lower due to the latest Brexit comments from UK Prime Minister Theresa May. While the ‘Aussie’ remained weak on leftover risk-off movement from the Federal Reserve’s hawkishness, Sterling was the weaker currency on Tuesday after May refused to confirm that Parliament would be given a deal on the final Brexit...

CATEGORIES: Australian Dollar Forecasts Currency Predictions Daily Currency Updates Pound Sterling Forecasts

Fears for Future UK/EU Relationship Weigh on Pound Euro Trading

19 Dec 2016 at 11 AM - Written by John Cameron

The Pound to Euro exchange rate slipped on Tuesday afternoon. While it spent most of the day fluctuating, it was weakened later in the day by the latest Brexit comments from UK Prime Minister Theresa May. May refused to confirm that she would allow MPs a vote on the final Brexit plan and also indicated that the UK government may ignore Scotland’s calls for a second Scottish independence referendum. (Previously updated...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Euro Forecasts