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Currency News: UK daily forex news and forecasts

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GBP to CAD Exchange Rate Tumbles as UK Inflation Slows and Bank of England Bets Lighten

18 Jul 2018 at 4 PM - Written by Frank Davies

Demand for risky commodity-correlated currencies like the Canadian Dollar has been low this week, but due to some decent Canadian data and a slew of factors weighing on the Pound the British Pound to Canadian Dollar (GBP/CAD) exchange rate has still tumbled. The latest data to weigh heavily on GBP/CAD was Wednesday’s UK inflation report. After trending in a tight region last week and only advancing slightly to close the week...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Strikes 10-Month Low as Soft UK Inflation Sinks BoE Rate Hopes

18 Jul 2018 at 12 PM - Written by John Cameron

The Pound US Dollar (GBP/USD) exchange rate struck a new 10-month low this morning, as investors well left dismayed by the UK’s latest inflation figures. Pound (GBP) Exchange Rate Collapses as Inflation Fails to Lift The Pound slumped in trade this morning, with markets shunning the beleaguered currency once again following the publication of a weaker-than-expected Consumer Price Index (CPI). According to data...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling to Australian Dollar Exchange Rate Tumbles on Brexit Worries

17 Jul 2018 at 4 PM - Written by Ben Hughes

On Monday, the Pound opened trading against the Australian Dollar at a level of 1.7405. The GBP/AUD exchange rate initially rose to a level of 1.7465, but closed down daily trading at a lower level of 1.7388. Pound Sterling to Australian Dollar Exchange Rate News: GBP/AUD Declines on Brexit Warning from BoE The Pound (GBP) has been in low demand today; having opened trading by holding close to opening levels, the UK...

CATEGORIES: Pound Australian Dollar Forecasts

Pound Euro (GBP/EUR) Exchange Rate Retreats as UK Labour Report Fails to Impress

17 Jul 2018 at 1 PM - Written by John Cameron

The Pound Euro (GBP/EUR) exchange rate is trending lower today, following the release of some lacklustre wage figures from the UK. Pound (GBP) Exchange Rate Stalls as UK Wage Growth Slows The Pound (GBP) is sliding against the Euro (EUR) and the majority of its other peers this morning as markets reacted to the latest UK employment figures. According to data published by the Office for National Statistics (ONS), the...

CATEGORIES: Pound Euro Forecasts

GBP/EUR Exchange Rate News: Pound Sterling Weakens on Threat of Brexit Coup

16 Jul 2018 at 4 PM - Written by Tim Boyer

Last week’s currency movement saw the Pound to Euro exchange rate open trading in the €1.1303 and after five days of fluctuation, close up higher at a level of €1.1316. Weekly trading began on a positive note for Pound Sterling, when May’s GDP figure and a Q2 GDP estimate both showed growth. These results respectively came from the Office for National Statistics and the National Institute for Economic and Social...

CATEGORIES: Pound Euro Forecasts

GBP to NZD Exchange Rate Investors Await Key NZ and UK Inflation Results

16 Jul 2018 at 2 PM - Written by James Fuller

Despite broad uncertainties about the Brexit process, risk-aversion ultimately got to the New Zealand Dollar again last week and the British Pound to New Zealand Dollar (GBP/NZD) exchange rate advanced. On Monday, the New Zealand Dollar saw mixed trade as investors anticipated major New Zealand inflation data. After opening last week at the level of 1.9435, GBP/NZD briefly slumped to a July low of 1.9323 before spending the...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to AUD Exchange Rate on Track to See Biggest Week of Losses in Almost Two Months

13 Jul 2018 at 1 PM - Written by Ben Hughes

Despite a lack of notable domestic support, the Australian Dollar has seen a recovery rally alongside risky peers, capitalising on a weak Sterling and pushing the British Pound to Australian Dollar (GBP/AUD) exchange rate lower towards the end of the week. After opening the week at the level of 1.7889, GBP/AUD attempted to climb in the middle of the week and trended near a high of 1.7937. However, due to an Australian Dollar...

CATEGORIES: Pound Australian Dollar Forecasts

Pound South African Rand (GBP/ZAR) Exchange Rate Tumbles as Trump Attacks UK’s Brexit Plans

13 Jul 2018 at 11 AM - Written by John Cameron

The Pound South African Rand (GBP/ZAR) exchange rate remains on the defensive this morning, following the pairing’s losses on Thursday following Trump’s attack on Theresa May’s Brexit plans. Pound (GBP) Plummets as Trump Dents Hopes for US Trade Deal The Pound South African Rand (GBP/ZAR) exchange rate came under heavy pressure overnight on Thursday, with investors shunning Sterling in wake of comments from US...

CATEGORIES: Pound Rand Forecasts

Euro US Dollar (EUR/USD) Exchange Rate Subdued as US Inflation Climbs to Six-Year High

12 Jul 2018 at 2 PM - Written by John Cameron

The Euro US Dollar (EUR USD) exchange rate remained flat on Thursday as markets reacted to the latest US Consumer Price Index. US Dollar (USD) Subdued as US Inflation Jumps a Six-Year High The US Dollar (USD) is struggling to find any ground against the Euro (EUR) this afternoon despite an uptick in latest US CPI figures. According to data published by the US Labour Department domestic inflation ticked up from 2.8% to...

CATEGORIES: Euro Forecasts

GBP to CAD Exchange Rate Struggles to Hold Gains as Bank of Canada (BoC) Hikes Canadian Interest Rates

11 Jul 2018 at 3 PM - Written by Tim Boyer

As UK political jitters faded and the latest Brexit developments seemed generally optimistic, the British Pound to Canadian Dollar (GBP/CAD) exchange rate edged higher ahead of the Bank of Canada’s (BoC) policy decision. Trade jitters, political developments and Central Bank news has caused wide fluctuations in GBP/CAD so far this week. GBP/CAD opened the week at the level of 1.7393 and briefly touched on a high of 1.7473 on...

CATEGORIES: Pound Canadian Dollar Forecasts