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GBP EUR Exchange Rate Stumbles Amid Carillion Collapse

15 Jan 2018 at 3 PM - Written by David Woodsmith

Carillion Collapse Prompts GBP/EUR Exchange Rate Fall The Pound Euro (GBP/EUR) exchange rate pared some of its recent gains on Monday as markets responded to news that UK construction giant Carillion has gone into liquidation, potentially threatening thousands of jobs. The news came after talks between the firm, various lenders and the government failed, effectively sounding the death knell for the UK’s 2nd largest...

CATEGORIES: Currency Predictions Euro Pound Forecasts

GBP to USD Exchange Rate Jumps Half a Cent on Rising Global Growth Outlook

15 Jan 2018 at 3 PM - Written by Minesh Chaudhari

Despite last week’s strong US inflation report, the British Pound to US Dollar exchange rate has continued to climb since markets opened this week. Market hopes for a ‘soft Brexit’, as well the rising global growth outlook, have made it difficult for the US Dollar to hold its ground. Thanks to soft Brexit hopes, GBP/USD surged last week. The pair opened the week at the level of 1.3567 and ended the week over a cent...

CATEGORIES: Pound Dollar Forecasts

GBP/USD Exchange Rate Surges Over 1% on Reports of Soft Brexit Backing

12 Jan 2018 at 5 PM - Written by John Cameron

Spanish, Dutch Finance Ministers Announce Push for Soft Brexit, GBP/USD Exchange Rates Soar The Pound US Dollar (GBP/USD) exchange rate soared to its highest point since the Brexit vote on Friday afternoon as markets responded to news that Spanish and Dutch Finance Ministers are prepared to back a soft Brexit deal. Two finance ministers are reportedly in agreement to work together to push for a softer deal – a move that...

CATEGORIES: Currency Predictions Daily Currency Updates Doll Forecasts

GBP/EUR Stuck Below Opening Levels as Merkel Makes Coalition Breakthrough

12 Jan 2018 at 12 PM - Written by Toni Johnson

The Pound Sterling to Euro exchange rate is stuck below opening levels today as the EUR receives a boost from news that Angela Merkel may be closer to forming another coalition government. Additionally, market demand for USD has been cooled by the approach of key inflation and retail data, allowing the Euro to rise and therefore pressuring the GBP/EUR exchange rate lower to 1.1228. The Pound has been unable to break into...

CATEGORIES: Pound Euro Forecasts

GBP ZAR Exchange Rate Surges Higher on Seventh Month of South African Manufacturing Sector Contraction

12 Jan 2018 at 12 PM - Written by Frank Davies

After a volatile week of trading the Pound South African Rand (GBP ZAR) exchange rate surged higher on Friday, spurred on by disappointing South African manufacturing data. As the ABSA manufacturing PMI slumped further than forecast in December, plunging from 48.6 to 44.9, this undermined confidence in the domestic outlook. With the manufacturing sector continuing to contract, having done so for seven straight months now,...

CATEGORIES: Pound Rand Forecasts

GBP to EUR Exchange Rate Falls to Weekly Low as European Central Bank (ECB) Minutes Surprise

11 Jan 2018 at 5 PM - Written by Tim Boyer

Thursday’s European Central Bank (ECB) meeting minutes surprised British Pound to Euro exchange rate traders with its hints that the bank’s tone could be becoming more hawkish in the coming months. The Pound remained limp following Wednesday’s mixed UK ecostats. After opening this week at the level of 1.1278, the GBP/EUR exchange rate tested highs near 1.1350. However, the pair has since fallen from those highs and on...

CATEGORIES: Pound Euro Forecasts

EUR/USD Exchange Rate Strengthens on ‘Bullish’ ECB Comments

11 Jan 2018 at 3 PM - Written by Ben Hughes

On Wednesday’s trading session, the Euro to US Dollar exchange rate saw a minimal rise. The pairing opened daily trading in the region of 1.1930 and closed higher around 1.1956 in the evening. Eurozone news was fairly limited, only consisting of a small development in German coalition talks. The CDU/CSU union and SPD Party announced that they had reached an agreement on immigration laws, but there were still...

CATEGORIES: Euro Forecasts

Australian Retail Sales Smash Expectations, GBP AUD Exchange Rate Tumbles in Response

11 Jan 2018 at 2 PM - Written by John Cameron

GBP AUD Exchange Rate Extends Fall on Gloomy Brexit Jobs Report The Pound Australian Dollar (GBP AUD) exchange rate tumbled on Thursday as investors responded to a gloomy report regarding the possible impact of Brexit on the UK’s job market. The analysis from Cambridge Econometrics asserted that a no-deal Brexit could result in the loss of half a million jobs and some £50bn in investment by 2030. The report went on to...

CATEGORIES: Australian Dollar Forecasts

GBP USD Exchange Rate Fluctuates as UK Trade Deficit Widens

10 Jan 2018 at 5 PM - Written by Frank Davies

UK Trade Deficit Widens, Causes Volatility for GBP USD Exchange Rates The Pound US Dollar (GBP/USD) fluctuated wildly on Wednesday as markets digested a run of mixed UK ecostats as well as news that China is considering trimming its purchasing of American government debt. On the data front; the UK’s trade deficit widened quite unexpectedly from £-2.270B to £-2.804B month-on-month in November - marking the largest trade...

CATEGORIES: American Dollar Forecasts Currency Predictions

GBP/AUD Exchange Rate Declines as Traders Worry about PM’s Stability

10 Jan 2018 at 10 AM - Written by Frank Davies

On Tuesday’s trading session, the Pound saw an overall advance against the Australian Dollar, although this was relatively minor compared to the turbulence of late December. The GBP/AUD exchange rate opened in the region of 1.7296 on Tuesday, later closing higher around 1.7322 in the evening. As with Monday, Pound traders were mainly focused on Prime Minister Theresa May's ongoing cabinet reshuffle. The PM’s...

CATEGORIES: Pound Australian Dollar Forecasts