Currency News: UK daily forex news and forecasts
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GBP/EUR Outlook: Pound to Euro Exchange Rate Gains as UK PMI Impresses
1 Mar 2021 at 11 AM - Written by John Cameron
STORY LINK GBP/EUR Outlook: Pound to Euro Exchange Rate Gains as UK PMI Impresses
The Pound to Euro exchange rate was gaining this morning, as the UK's Manufacturing PMI for February gave extra support to GBP.
At the time of writing the pair are currently trading at around 1.1572.
UK Manufacturing PMI Adds Support to Sterling (GBP)
The Pound was supported this morning from the release of the UK’s final manufacturing PMI for February, which slightly beat forecasts and showed another growth in the...
CATEGORIES: Pound Euro Forecasts
GBP/EUR Outlook: Pound to Euro Exchange Rate Dips amid Risk-off trade
26 Feb 2021 at 12 PM - Written by John Cameron
STORY LINK GBP/EUR Outlook: Pound to Euro Exchange Rate Dips amid Risk-off trade
In lieu of any notable data from both the UK and Eurozone today, the Pound to Euro exchange rate dipped this morning amid risk-off mood.
At the time of writing the pair are currently trading at around 1.4732.
Pound (GBP) Weakens as Risk-off Mood Increases
The Pound has weakened this morning as the recent rally regarding the UK Government’s exit plan out of lockdown appears to have run out of steam.
Pound investors...
CATEGORIES: Pound Euro Forecasts
GBP/CHF Forecast: Pound to Swiss Franc Exchange Rate Slumps from Year’s Best as Investors Head for Safe Havens
26 Feb 2021 at 12 PM - Written by Tim Boyer
STORY LINK GBP/CHF Forecast: Pound to Swiss Franc Exchange Rate Slumps from Year’s Best as Investors Head for Safe Havens
The Pound’s strong streak may have come to an end for now as investors took profit from the British currency’s bullish February, and the British Pound to Swiss Franc (GBP/CHF) exchange rate has been tumbling from its best levels on new demand for the Swiss Franc as well. The Swiss Franc is a safe haven currency which is often appealing in times of global market uncertainty, so it is benefitting from this week’s bonds rout....
CATEGORIES: Pound Swiss Franc Forecasts
Pound to Australian Dollar Rate Under Pressure as Australian Capital Expenditure Recovers
25 Feb 2021 at 1 PM - Written by Frank Davies
STORY LINK Pound to Australian Dollar Rate Under Pressure as Australian Capital Expenditure Recovers
GBP/AUD Exchange Rate Sheds Ground as Covid-19 Vaccine Optimism Fades
In the absence of any fresh UK economic data releases there was little to prevent the Pound to Australian Dollar (GBP/AUD) exchange rate from faltering.
As the impact of earlier market optimism over the prospect of a second quarter UK economic recovery faded this left the Pound on the back foot against many of its rivals.
GBP exchange rates enjoyed a...
CATEGORIES: Pound Australian Dollar Forecasts
GBP/NZD Exchange Rate Struggles as RBNZ Optimism Boosts Kiwi
24 Feb 2021 at 11 AM - Written by Ben Hughes
STORY LINK GBP/NZD Exchange Rate Struggles as RBNZ Optimism Boosts Kiwi
The Pound continues to rally today, but the British Pound to New Zealand Dollar (GBP/NZD) exchange rate is still struggling to gain too far past the week’s opening levels. This is because the New Zealand Dollar still remains broadly appealing itself, and the latest Reserve Bank of New Zealand (RBNZ) policy decision only further bolstered market appetite for the relatively risky ‘Kiwi’.
Last week’s GBP/NZD movement was...
CATEGORIES: Pound New Zealand Dollar Forecasts
Pound to Euro Exchange Rate Forecast: GBP/EUR Firms as German GDP Impresses
24 Feb 2021 at 10 AM - Written by John Cameron
STORY LINK Pound to Euro Exchange Rate Forecast: GBP/EUR Firms as German GDP Impresses
The Pound to Euro exchange rate firmed this morning as positive GDP data from Germany helped to bolster EUR.
At the time of writing the pair are currently trading at around 1.1651.
Pound (GBP) Finding Continued Support from UK Lockdown Easing
The Pound was supported this morning as more details emerge from the UK Government’s proposed roadmap out of lockdown.
With schools set to reopen on the 8th of March, Professor...
CATEGORIES: Pound Euro Forecasts
Pound to South African Rand Exchange Rate Struggles to Hold Gains as Rand Volatile
23 Feb 2021 at 3 PM - Written by Frank Davies
STORY LINK Pound to South African Rand Exchange Rate Struggles to Hold Gains as Rand Volatile
Despite continued strong demand for the Pound, the British Pound to South African Rand (GBP/ZAR) exchange rate is struggling to hold its advance attempts. This is because the risky emerging market correlated South African Rand continues to benefit from global risk demand, though its appeal has been dented slightly by market anticipation for upcoming South African budget news.
Last week saw a sharp rebound in GBP/ZAR from the...
CATEGORIES: Pound Rand Forecasts
Pound Australian Dollar Rate Shakes off Higher UK Unemployment
23 Feb 2021 at 2 PM - Written by Frank Davies
STORY LINK Pound Australian Dollar Rate Shakes off Higher UK Unemployment
Pound (GBP) Exchange Rates Strengthen in Spite of Rising UK Unemployment Rate
The Pound to Australian Dollar (GBP/AUD) exchange rate strengthened in spite of an increase in December’s UK unemployment rate.
Although unemployment picked up from 5% to 5.1% at the end of 2020 this was not enough to drag the Pound lower across the board today.
This increase was largely anticipated by markets, limiting the negative impact of...
CATEGORIES: Pound Australian Dollar Forecasts
GBP to USD Rises Ahead of UK Lockdown Exit Plan Announcement
22 Feb 2021 at 3 PM - Written by John Cameron
STORY LINK GBP to USD Rises Ahead of UK Lockdown Exit Plan Announcement
GBP/USD Exchange Rate Heads Higher on UK Covid Vaccine Optimism
The Pound to US Dollar exchange rate rose by 0.2% today ahead of the unveiling of Prime Minister Boris Johnson’s lockdown exit plan. The pairing is currently trading around $1.40.
Boris Johnson is also expected to highlight new data that shows that Covid-19 vaccines has had a significant effect on transmission.
UK Vaccine Minister Nadhim Zahawi...
CATEGORIES: American Dollar Forecasts Pound Dollar Forecasts