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Currency News: UK daily forex news and forecasts

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Latest Currency News Headlines

Pound to New Zealand Dollar (GBP/NZD) Exchange Rate Falls as New Zealand ‘Relatively Resistant’ to Covid-19 Shock

26 Nov 2020 at 4 PM - Written by John Cameron

GBP/NZD Exchange Rate Dips as New Zealand Economic Situation Remains Strong The Pound to New Zealand Dollar (GBP/NZD) exchange rate fell by -0.2% today, with the pairing currently trading around NZ$1.905. The New Zealand Dollar (NZD) rose today following news that New Zealand’s economy had absorbed some of the shock of the coronavirus pandemic. Wednesday saw the Reserve Bank of New Zealand (RBNZ), for example, explain New...

CATEGORIES: New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Under Pressure as UK Car Production Slump Worsens

26 Nov 2020 at 4 PM - Written by Frank Davies

Falling UK Car Production Fuels Pound Canadian Dollar (GBP/CAD) Exchange Rate Losses The sharper-than-expected decline in October’s UK car production figure left the Pound to Canadian Dollar (GBP/CAD) exchange rate under pressure. Worries over the health of the UK manufacturing sector picked up as car production plunged -18.2% on the year, highlighting the increasing challenges facing manufacturers. This latest decline...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to ZAR Exchange Rate Knocked as Britain’s Outlook Seems Gloomy amid Brexit and Coronavirus

25 Nov 2020 at 5 PM - Written by Frank Davies

Brexit hopes rising this week have not been enough to keep the British Pound to South African Rand (GBP/ZAR) exchange rate near its best levels. Instead, markets have been impressed by all the good news in recent weeks, which is making high yielding risk and emerging market currencies like the South African Rand particularly appealing. Looking ahead, the Pound could be more resilient if there are any optimistic Brexit developments...

CATEGORIES: Pound Rand Forecasts

Pound to Swedish Krona (GBP/SEK) Exchange Rate Slips as UK Economy Begins an ‘Emergency’ Period says Chancellor

25 Nov 2020 at 4 PM - Written by John Cameron

GBP/SEK Exchange Rate Falls as UK Economic Outlook Darkens The Pound to Swedish Krona (GBP/SEK) exchange rate slipped today, with the pairing currently trading around 11.385kr. Sterling fell today following remarks from Chancellor Rishi Sunak, who warned that the UK economy was at the beginning of an ‘emergency’ as Covid-19 and Brexit uncertainty could severely limit the British economy. Nevertheless, the Office for...

CATEGORIES: Pound Sterling Forecasts

Pound to South African Rand Exchange Rate Falls as Covid-19 Vaccine Hopes Boost ZAR

24 Nov 2020 at 5 PM - Written by John Cameron

GBP/ZAR Exchange Rate Sinks as Covid-19 Vaccine Hopes Uplift SA Markets The Pound to South African Rand (GBP/ZAR) exchange rate fell by -0.4% today, with the pairing currently trading around R20.426. The South African Rand (ZAR) has benefited from this week’s announcement of another successful Covid-19 vaccine trial, this time from the UK’s AstraZeneca, based in Oxford. As a result, demand for risky assets like the...

CATEGORIES: Pound Rand Forecasts South African Rand Forecasts

GBP to AUD Exchange Rate Gives up Ground on Bolstered Market Sentiment

24 Nov 2020 at 3 PM - Written by Toni Johnson

Despite continued hopes that the UK and EU are drawing closer to reaching a Brexit deal, the British Pound to Australian Dollar (GBP/AUD) exchange rate has been knocked from its highs today. The Australian Dollar continues to see resilient demand as a currency correlated to market risk and trade, and this sentiment has only been further bolstered by the latest US political developments. Last week saw mixed movement in GBP/AUD....

CATEGORIES: Pound Australian Dollar Forecasts

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Rallies in Spite of NZ Retail Sales Resurgence

23 Nov 2020 at 5 PM - Written by Frank Davies

Strong NZ Retail Sales Fail to Dent Pound New Zealand Dollar Exchange Rate The Pound to New Zealand Dollar (GBP/NZD) exchange rate rallied at the start of the week in spite of an unexpectedly strong rebound in the third quarter New Zealand retail sales data. Although sales rose 28% on the quarter this was not enough to give the New Zealand Dollar any boost against its rival, even as the general sense of market risk appetite...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to USD Exchange Rate at 2 and a Half Month Best amid Brexit and Coronavirus Hopes

23 Nov 2020 at 4 PM - Written by John Cameron

Hopes for optimistic developments in the ongoing Brexit and coronavirus situations is keeping the British Pound to US Dollar (GBP/USD) exchange rate strong today. Markets remain hopeful that the UK and EU negotiators are getting closer to reaching a Brexit deal, while coronavirus vaccine news is making markets even more optimistic. This is keeping the US Dollar under pressure as well, as the US Dollar is often less appealing in...

CATEGORIES: Pound Dollar Forecasts

Pound Japanese Yen (GBP/JPY) Exchange Rate Strengthens on Unexpected UK Retail Sales Growth

20 Nov 2020 at 3 PM - Written by Frank Davies

Pound Japanese Yen (GBP/JPY) Exchange Rate Gains Ground Thanks to UK Retail Sales Growth UK retail sales delivered unexpected monthly growth in October, helping to keep the Pound to Japanese Yen (GBP/JPY) exchange rate on a stronger footing ahead of the weekend. Investors were encouraged as retail sales strengthened 1.2% on the month, as opposed to stagnating as originally forecast. This suggests that UK consumers took a...

CATEGORIES: Pound Yen Forecasts

GBP to CAD Exchange Rate Struggles to Advance as Canadian Economic Outlook Remains Strong

20 Nov 2020 at 2 PM - Written by James Fuller

Hopes for a UK-EU Brexit deal to be announced soon are keeping Sterling buoyant, but the British Pound to Canadian Dollar (GBP/CAD) exchange rate has struggled to sustain notable gains. Investors continue to find the Canadian Dollar appealing amid Canada’s economic outlook and recovering oil prices, which is limiting the pair’s potential for gains and leaving investors looking ahead to what could be a major week for the Brexit...

CATEGORIES: Pound Canadian Dollar Forecasts