Currency News

Daily Exchange Rate Forecasts & Currency News

Currency Predictions

A round up of the latest currency predictions from the Currency News desk.

GBP EUR Exchange Rate Tumbles as Merkel Decries ‘Weak’ Euro

22 May 2017 at 5 PM - Written by Toni Johnson

The Pound Euro (GBP EUR) exchange rate plummeted over half a cent in trade today following comments from German Chancellor Angela Merkel. In a panel with a group of students at Kurt Tucholsky high school in Berlin today Merkel was discussing building a closer relationship with new French President Emmanuel Macron when she was asked about...

CATEGORIES: Currency Predictions Pound Euro Forecasts

GBP USD Exchange Rate Rockets to Seven-Month High as Retail Sales Surge

18 May 2017 at 2 PM - Written by Ben Hughes

The GBP USD exchange rate surged to a new seven-month high this morning as the UK’s retail sales grew faster than expected last month. The Pound leapt over $1.30 for the first time since early October as data released by the Office for National Statistics (ONS) showed that UK retail sales surged from -1.4% to 2.3% in April, sailing past...

CATEGORIES: Currency Predictions Dollar Pound Forecasts

GBP to AUD Exchange Rate Surges Despite Strong Australian Employment Data

18 May 2017 at 12 PM - Written by Tim Boyer

After volatile movement earlier in the week, the Pound to Australian Dollar exchange rate saw strong surge on Thursday in reaction to Britain’s latest retail sales data. The pair easily pushed higher due to poor risk-sentiment. GBP/AUD began the week trending at around 1.7440 and fluctuated between 1.7350 and 1.7530 for most of the week...

CATEGORIES: Australian Dollar Forecasts Currency Predictions

GBP INR Exchange Rate Trends Tightly as UK Wage Squeeze Looms

16 May 2017 at 2 PM - Written by Minesh Chaudhari

UK data has devalued the Pound today, causing a tight trending in the GBP INR exchange rate. UK inflation rate figures have caused this downtrend, despite rising above forecasts from 2.3% to 2.7%. The rise in inflation comes at a time of glacial wage growth, which has raised fresh fears of a wage squeeze damaging UK economic growth....

CATEGORIES: Currency Predictions Pound Rupee Forecasts

GBP ZAR Exchange Rate Drops -0.8% on Fears of Growing UK Unemployment

15 May 2017 at 2 PM - Written by Toni Johnson

The GBP ZAR exchange rate has fallen to 17.10 today, which is the worst rate since late April. The sharp Pound to Rand downturn has largely been caused by pessimistic UK economic forecasts. One of the biggest has been EY Item Club’s estimate for UK unemployment. The group predicts UK unemployment to remain around 4.7% in 2017, but for...

CATEGORIES: Currency Predictions South African Rand Forecasts

GBP CAD Exchange Rate Trends Lower after Widened Trade Deficit and Muted BoE Meeting

12 May 2017 at 1 PM - Written by Toni Johnson

Confidence in the Pound was sharply dented by a raft of disappointing UK data, leaving the Pound Canadian Dollar exchange rate on a downtrend. Investors were not impressed to find that the UK visible trade deficit had widened further than forecast in March, clocking in at -13.44 billion rather than -11.6 billion. This highlighted the...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions

GBP AUD Exchange Rate Slumps as BoE Leave Rates Unchanged

11 May 2017 at 2 PM - Written by Toni Johnson

The Pound Australian Dollar (GBP AUD) exchange rate tumbled this afternoon as the Bank of England (BoE) voted to leave interest rates on hold. When asked why the bank left rates at a record low of 0.25% despite robust inflation, BoE Governor Mark Carney responded that the level of stimulus was appropriate for the current situation and that...

CATEGORIES: Australian Dollar Forecasts Currency Predictions

GBP NZD Exchange Rate Slumps on Fresh Fears of Hard Brexit

8 May 2017 at 4 PM - Written by Ben Hughes

Sterling has traded at 1.87 against the New Zealand Dollar, down from a rate of 1.88 on May 7th. The only UK economic news on Monday has covered house prices; the Halifax price index reprinted growth on the year but showed no monthly change. More impactful has been the French Presidential election, which concluded with a landslide...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

EUR to USD Exchange Rate Could End Week Near Multi-Month Highs

5 May 2017 at 10 AM - Written by John Cameron

After fluctuating earlier in the week, the Euro to US Dollar exchange rate gained almost a cent on Thursday as markets reacted to a strong TV debate performance from pro-EU French Presidential candidate Emmanuel Macron. EUR/USD began this week trending at the level of 1.0896. After briefly hitting a low of 1.0876 on Thursday morning, the...

CATEGORIES: Currency Predictions Daily Currency Updates Euro 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...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

GBP EUR Exchange Rate Tumbles as Merkel Decries ‘Weak’ Euro

22 May 2017 at 5 PM - Written by Toni Johnson

The Pound Euro (GBP EUR) exchange rate plummeted over half a cent in trade today following comments from German Chancellor Angela Merkel. In a panel with a group of students at Kurt Tucholsky high school in Berlin today Merkel was discussing building a closer relationship with new French President Emmanuel Macron when she was asked about...

CATEGORIES: Currency Predictions Pound Euro Forecasts

GBP USD Exchange Rate Rockets to Seven-Month High as Retail Sales Surge

18 May 2017 at 2 PM - Written by Ben Hughes

The GBP USD exchange rate surged to a new seven-month high this morning as the UK’s retail sales grew faster than expected last month. The Pound leapt over $1.30 for the first time since early October as data released by the Office for National Statistics (ONS) showed that UK retail sales surged from -1.4% to 2.3% in April, sailing past...

CATEGORIES: Currency Predictions Dollar Pound Forecasts

GBP to AUD Exchange Rate Surges Despite Strong Australian Employment Data

18 May 2017 at 12 PM - Written by Tim Boyer

After volatile movement earlier in the week, the Pound to Australian Dollar exchange rate saw strong surge on Thursday in reaction to Britain’s latest retail sales data. The pair easily pushed higher due to poor risk-sentiment. GBP/AUD began the week trending at around 1.7440 and fluctuated between 1.7350 and 1.7530 for most of the week...

CATEGORIES: Australian Dollar Forecasts Currency Predictions

GBP INR Exchange Rate Trends Tightly as UK Wage Squeeze Looms

16 May 2017 at 2 PM - Written by Minesh Chaudhari

UK data has devalued the Pound today, causing a tight trending in the GBP INR exchange rate. UK inflation rate figures have caused this downtrend, despite rising above forecasts from 2.3% to 2.7%. The rise in inflation comes at a time of glacial wage growth, which has raised fresh fears of a wage squeeze damaging UK economic growth....

CATEGORIES: Currency Predictions Pound Rupee Forecasts

GBP ZAR Exchange Rate Drops -0.8% on Fears of Growing UK Unemployment

15 May 2017 at 2 PM - Written by Toni Johnson

The GBP ZAR exchange rate has fallen to 17.10 today, which is the worst rate since late April. The sharp Pound to Rand downturn has largely been caused by pessimistic UK economic forecasts. One of the biggest has been EY Item Club’s estimate for UK unemployment. The group predicts UK unemployment to remain around 4.7% in 2017, but for...

CATEGORIES: Currency Predictions South African Rand Forecasts

GBP CAD Exchange Rate Trends Lower after Widened Trade Deficit and Muted BoE Meeting

12 May 2017 at 1 PM - Written by Toni Johnson

Confidence in the Pound was sharply dented by a raft of disappointing UK data, leaving the Pound Canadian Dollar exchange rate on a downtrend. Investors were not impressed to find that the UK visible trade deficit had widened further than forecast in March, clocking in at -13.44 billion rather than -11.6 billion. This highlighted the...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions

GBP AUD Exchange Rate Slumps as BoE Leave Rates Unchanged

11 May 2017 at 2 PM - Written by Toni Johnson

The Pound Australian Dollar (GBP AUD) exchange rate tumbled this afternoon as the Bank of England (BoE) voted to leave interest rates on hold. When asked why the bank left rates at a record low of 0.25% despite robust inflation, BoE Governor Mark Carney responded that the level of stimulus was appropriate for the current situation and that...

CATEGORIES: Australian Dollar Forecasts Currency Predictions

GBP NZD Exchange Rate Slumps on Fresh Fears of Hard Brexit

8 May 2017 at 4 PM - Written by Ben Hughes

Sterling has traded at 1.87 against the New Zealand Dollar, down from a rate of 1.88 on May 7th. The only UK economic news on Monday has covered house prices; the Halifax price index reprinted growth on the year but showed no monthly change. More impactful has been the French Presidential election, which concluded with a landslide...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

EUR to USD Exchange Rate Could End Week Near Multi-Month Highs

5 May 2017 at 10 AM - Written by John Cameron

After fluctuating earlier in the week, the Euro to US Dollar exchange rate gained almost a cent on Thursday as markets reacted to a strong TV debate performance from pro-EU French Presidential candidate Emmanuel Macron. EUR/USD began this week trending at the level of 1.0896. After briefly hitting a low of 1.0876 on Thursday morning, the...

CATEGORIES: Currency Predictions Daily Currency Updates Euro 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...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts