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Euro Pound (EUR GBP) Exchange Rate Dips on Upbeat UK Wage Growth

13 Dec 2017 at 2 PM - Written by John Cameron

The Euro Pound (EUR GBP) exchange rate tumbled slightly on Wednesday as markets reacted to upbeat wage growth figures in the UK and some disappointing inflation readings in Germany. EUR GBP Exchange Rate Slides as Markets React to UK Wage Growth According to data released on Wednesday from the Office for National Statistics (ONS), average weekly wages in the UK jumped by 2.3% in the three months to October – narrowing the...

CATEGORIES: Euro Pound Forecasts

Higher UK Wage Growth Triggers Pound to Euro Exchange Rate Rise

13 Dec 2017 at 12 PM - Written by Ben Hughes

The GBP/EUR pairing opened in the region of 1.1329 during the morning, later closing higher at 1.1343 by the end of the day. This advance came despite trader uncertainty about UK inflation, which reached 3.1% in November. This unexpected rise from 3% put inflation at an almost-6 year high and brought up difficult questions for Bank of England (BoE) Governor Mark Carney. With inflation over 1.1% higher than the BoE’s...

CATEGORIES: Pound Euro Forecasts

GBP to USD Exchange Rate Fluctuates on Rising UK Inflation

12 Dec 2017 at 1 PM - Written by James Fuller

A higher than expected UK Consumer Price Index (CPI) report had little effect on the British Pound to US Dollar exchange rate on Tuesday. Investors of both currencies are anticipating key data and central bank news coming later in the week. Following last week’s slip from 1.3475 to 1.3385, GBP/USD has continued to trend lower. On Tuesday morning the pair touched on a low of 1.3314 but generally trended near the level of...

CATEGORIES: Pound Dollar Forecasts

GBP/USD Exchange Rate Drops after Warning Signs from EU’s Verhofstadt

12 Dec 2017 at 12 PM - Written by David Woodsmith

On Monday’s trading session, the Pound slipped against the US Dollar due to a lack of supportive UK data. The GBP/USD exchange rate opened in the region of 1.3395 early on Monday, but closed down at 1.3347 by the end of the day. Growing Concerns over Brexit-based Damage Weigh on GBP/USD Exchange Rate The Pound has seen a small decline against the US Dollar today, amid a flurry of economic data and pessimism over...

CATEGORIES: Dollar Pound Forecasts

Rattled Traders Buy into EUR/GBP Exchange Rate after Brexit Jitters

11 Dec 2017 at 1 PM - Written by Tim Boyer

Last week, the Euro made a minor overall loss against the Pound. The EUR/GBP exchange rate opened in the region of 0.8804, but later closed lower at 0.8792 on Friday. Euro Gains Ground despite Italian Sales Slump The Euro has advanced against the weaker Pound today, in spite of a mixed set of Eurozone data coming out over the morning. Good news came from Ireland, which posted a forecast-beating rise in construction...

CATEGORIES: Euro Pound Forecasts

GBP CAD Exchange Rate Tumbles as Brexit Talks Delayed until February 2018

8 Dec 2017 at 4 PM - Written by Frank Davies

The Pound Canadian Dollar (GBP CAD) exchange rate fell on Friday as markets responded to claims from various EU officials that the next phase of talks will not be able to take place until February 2018. No Brexit Trade Talks Until February 2018 – GBP CAD Tumbles EU officials have stated that no discussions on a trade deal can take place until February 2018 at the earliest, with the EU once again insisting that it needs...

CATEGORIES: Canadian Dollar Forecasts Daily Currency Updates

EUR/USD Slides as US Non-farm Payrolls Report Beats Forecasts

8 Dec 2017 at 3 PM - Written by Toni Johnson

The Euro to US Dollar exchange rate is weakening today after strong US labour market data improved the outlook for the US economy. The EUR/USD pairing has weakened -0.2% to 1.1752, with poor German trade data further inspiring losses for the common currency. EUR Weakens as Declining German Exports Causes Trade and Current Account Surpluses to Fall The latest German trade figures have disappointed forecasts, creating...

CATEGORIES: Euro Forecasts

AUD NZD Exchange Rate Trades Narrowly Following Chinese Trade Data

8 Dec 2017 at 10 AM - Written by John Cameron

The Australian Dollar New Zealand Dollar (AUD NZD) exchange rate trended narrowly in the Asian session last night as both currencies were lifted by the latest trade figures from China. Australian Dollar (AUD) Steadies as Chinese Trade Impresses After the publishing of some disappointing domestic trade figures on Thursday the Australian Dollar was prevented from tumbling much further last night thanks to an impressive Chinese...

CATEGORIES: Australian Dollar Forecasts

EUR USD Exchange Rate Weakens on US Fed Rate Hike Anticipation

7 Dec 2017 at 5 PM - Written by Ben Hughes

The Euro US Dollar (EUR USD) exchange rate remained bearish on Thursday with markets anticipating a rate hike from the US Federal Reserve in December whilst also reacting to some mixed ecostats from the bloc. Eurozone Data Proves Mixed, EUR USD Exchange Rate Remains Weak Growth in the Eurozone printed at 0.6% quarter-on-quarter in the three months to September according to official data, with private consumption investment...

CATEGORIES: Euro Forecasts

GBP CAD Exchange Rate Advances Following Dovish BoC Meeting

7 Dec 2017 at 12 PM - Written by John Cameron

The Pound Canadian Dollar (GBP CAD) exchange rate struck a new weekly high this morning on the back of the Bank of Canada’s (BoC) latest policy meeting and Brexit optimism. Canadian Dollar’s (CAD) Tumbles as BoC Appear Dovish towards Future Rate Hikes The Canadian Dollar remains on the back foot this morning after plummeting yesterday in reaction to the BoC’s latest rate decision. As had been widely forecast ahead...

CATEGORIES: Pound Canadian Dollar Forecasts