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Currency News: UK daily forex news and forecasts

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GBP to JPY Exchange Rate Fails to Hold Ground as Geopolitical Tensions Keep Safe Havens Appealing

20 Sep 2019 at 1 PM - Written by Frank Davies

Despite today’s soft Brexit speculation and disappointing Japanese inflation rate stats, the British Pound to Japanese Yen (GBP/JPY) exchange rate has fallen back from weekly highs and could shed most of this week’s relatively volatile gains before markets close for the week. Continued market jitters amid geopolitical tensions are keeping safe haven currencies like the Japanese Yen appealing. Since opening this week at the...

CATEGORIES: Pound Yen Forecasts

GBP to AUD Exchange Rate Reaches 4-Month-Best on Brexit and Reserve Bank of Australia (RBA) Bets

20 Sep 2019 at 11 AM - Written by Toni Johnson

Despite persisting concerns about the possibility of a worst-case scenario no-deal Brexit, and a lack of solid support for the Pound this week, the British Pound to Australian Dollar (GBP/AUD) exchange rate has been climbing solidly almost all week. Speculation that a softer Brexit is becoming more likely, as well as rising Reserve Bank of Australia (RBA) interest rate cut bets, have helped the pair to more easily sustain...

CATEGORIES: Pound Australian Dollar Forecasts

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Muted as BoE Leaves Interest Rates on Hold

19 Sep 2019 at 4 PM - Written by John Cameron

Pound Canadian Dollar (GBP/CAD) Exchange Rate Flat as BoE Warns against Further Brexit Uncertainty The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate was left muted and the pairing is currently trading at around CA$1.6559. On Thursday, the Bank of England (BoE) left interest rates on hold for the 13th month in a row. Sterling remained muted against the Canadian Dollar as the bank noted that continued Brexit...

CATEGORIES: Pound Canadian Dollar Forecasts

Euro US Dollar (EUR/USD) Exchange Rate Benefits from Signs of US Stagnation

19 Sep 2019 at 3 PM - Written by John Cameron

Stagnant US Growth Encourages Euro US Dollar (EUR/USD) Exchange Rate Gains A surprise stagnation from August’s CB leading index helped to fuel Euro to US Dollar (EUR/USD) exchange rate gains on Thursday. This weaker showing points towards the US economy continuing to lose momentum in the third quarter, raising the risk of an underwhelming gross domestic product reading. As the Philadelphia Fed manufacturing index also...

CATEGORIES: Euro Forecasts

GBP to JPY Exchange Rate Avoids Losses Ahead of Anticipated Central Bank Developments

18 Sep 2019 at 4 PM - Written by David Woodsmith

Despite a surge in demand for safe haven currencies like the Japanese Yen at the beginning of the week, the British Pound to Japanese Yen (GBP/JPY) exchange rate has already recovered those losses and has been more or less holding its ground ahead of expected central bank developments in the coming days. Brexit hopes and higher risk-sentiment made it easy for GBP/JPY to register strong gains last week, climbing over three Yen...

CATEGORIES: Pound Yen Forecasts

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Left Flat as UK Inflation Falls to Three-Year Low

18 Sep 2019 at 9 AM - Written by John Cameron

Pound Australian Dollar (GBP/AUD) Exchange Rate Muted as Inflation Eases to Three-Year Low The Pound Sterling Australian Dollar (GBP/AUD) exchange rate was left muted and the pairing is currently trading at around AU$1.8207. UK consumer prices rose by 1.7% in August, far below the Bank of England’s (BoE) 2% annual target. This is the lowest level of inflation since 2016, driven down by the price of both clothing and...

CATEGORIES: Pound Australian Dollar Forecasts

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Rallies as PM Accused of Using Suspension to ‘Silence’ MPs

17 Sep 2019 at 5 PM - Written by John Cameron

Pound South African Rand (GBP/ZAR) Exchange Rate Rises as Supreme Court Hears Evidence The Pound Sterling South African Rand (GBP/ZAR) exchange rate rallied, and the pairing is currently trading at around R18.4336. Sterling jumped against the South African Rand as the UK Supreme Court heard evidence the suspension of parliament was to stop MPs ‘frustrating or damaging’ Boris Johnson’s Brexit plans. It was argued by...

CATEGORIES: Pound Rand Forecasts

GBP to USD Exchange Rate’s Fall from Monthly High Continues as Boris Johnson Reaffirms October Brexit

17 Sep 2019 at 2 PM - Written by Ben Hughes

Last week’s surge in demand for the Pound was short lived, as a combination of Brexit jitters and global market sentiment has left the British Pound to US Dollar (GBP/USD) exchange rate weaker again this week. Sterling has been falling as no-deal Brexit fears revive, and the US Dollar has easily capitalised on this due to its appeal as a safe haven currency. Following last week’s impressive two cent surge from 1.2281 to...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Slides as UK Fails to Present Solution to ‘Undemocratic’ Irish Backstop

16 Sep 2019 at 5 PM - Written by John Cameron

Pound Australian Dollar (GBP/AUD) Exchange Rate Falls as the UK Fails to Propose Irish Backstop Alternative The Pound Sterling Australian Dollar (GBP/AUD) exchange rate slumped and the pairing is currently trading at around AU$1.8101. Concerns the UK will struggle to secure a Brexit deal with the European Union surged at the start of the week, leaving the Pound under pressure. While Downing Street called today’s...

CATEGORIES: Pound Australian Dollar Forecasts

Pound Canadian Dollar Exchange Rate News: Brexit Optimism Catapults GBP/CAD to Three-Month High

13 Sep 2019 at 1 PM - Written by James Fuller

Pound Sterling raced higher on Friday, surging over 1% to strike a three-month high against the Canadian Dollar. © ExchangeRates.org.uk - GBP/CAD exchange rate chart This upswing in the Pound comes hot on the heels of a report in The Times suggesting the Democratic Unionist Party (DUP), a key ally of the government, would be willing to abide to some EU rules post Brexit. This spurred hopes that an alternative...

CATEGORIES: Pound Canadian Dollar Forecasts