Currency News: UK daily forex news and forecasts
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Fears UK has Slipped into a Recession Leaves Euro Pound Sterling (EUR/GBP) Exchange Rate Muted
22 Jul 2019 at 5 PM - Written by John Cameron
STORY LINK Fears UK has Slipped into a Recession Leaves Euro Pound Sterling (EUR/GBP) Exchange Rate Muted
Euro Pound (EUR/GBP) Exchange Rate Flat as Chaotic No-Deal Brexit to Cause ‘Severe Downturn’
The Euro Pound Sterling (EUR/GBP) exchange rate was left flat and the pairing is currently trading at an inter-bank rate of £0.8980.
On Monday, the National Institute of Economic and Social Research (NIESR) released a new set of gloomy forecasts.
The think tank revealed that the planned exit from the European Union may have...
CATEGORIES: Euro Pound Forecasts
GBP to AUD Exchange Rate Remains Near 2019 Worst despite Sterling’s Recovery Attempt
19 Jul 2019 at 5 PM - Written by Ben Hughes
STORY LINK GBP to AUD Exchange Rate Remains Near 2019 Worst despite Sterling’s Recovery Attempt
While the Pound saw a strong rebound from its worst levels against many major currencies towards the end of the week, the British Pound to Australian Dollar (GBP/AUD) exchange rate’s recovery was limited. The Australian Dollar remained relatively resilient despite Reserve Bank of Australia (RBA) interest rate cut bets, as the latest Australian data has not had much impact on Australia’s economic outlook.
After opening this...
CATEGORIES: Pound Australian Dollar Forecasts
OBR Warns UK may have entered a ‘Full Blown Recession’ but USD/GBP Exchange Rate Slides
18 Jul 2019 at 12 PM - Written by John Cameron
STORY LINK OBR Warns UK may have entered a ‘Full Blown Recession’ but USD/GBP Exchange Rate Slides
US Dollar Pound (USD/GBP) Exchange Rate Slumps despite Warnings UK Economy to Plunge into a Recession
The US Dollar Pound Sterling (USD/GBP) exchange rate slumped and the pairing is currently trading at an inter-bank rate of £0.8014.
The pairing slumped despite the Office for Budget Responsibility (OBR) revealing that that the UK will face a recession in the event of a no-deal Brexit.
The report revealed that a £30...
CATEGORIES: Dollar Pound Forecasts
GBP to CAD Exchange Rate Continues Rebound from Worst Post-2017 Levels amid UK Data
18 Jul 2019 at 12 PM - Written by Tim Boyer
STORY LINK GBP to CAD Exchange Rate Continues Rebound from Worst Post-2017 Levels amid UK Data
While the British Pound to Canadian Dollar (GBP/CAD) exchange rate is still trending lower this week, the Canadian Dollar’s bullish run appears to have run out of steam. Some mixed Canadian data and oil price news is keeping the ‘Loonie’ from rallying further, and this is making it easier for a Brexit battered Pound to recover from its worst levels in over a year versus the Canadian currency.
Thus far, GBP/CAD looks on...
GBP to RUB Exchange Rate’s Rebound from Yearly Low Limited by Brexit Fear and Mixed Russian Data
17 Jul 2019 at 5 PM - Written by David Woodsmith
STORY LINK GBP to RUB Exchange Rate’s Rebound from Yearly Low Limited by Brexit Fear and Mixed Russian Data
Investors bought the British Pound to Russian Ruble (GBP/RUB) exchange rate back slightly from its worst levels today. The Pound’s days of losses finally cooled, and the Russian Ruble was less appealing following the publication of Russia’s latest mixed data. Despite this slight rebound though, the pair remains close to its worst levels in around a year and a half.
Following last week’s tumble from 79.92 to 79.24, GBP/RUS...