Currency News: UK daily forex news and forecasts
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Pound US Dollar Exchange Rate News: GBP/USD Breaches $1.27 as Fed Signals Potential Rate Cuts ahead
20 Jun 2019 at 11 AM - Written by John Cameron
STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Breaches $1.27 as Fed Signals Potential Rate Cuts ahead
US Dollar (USD) Exchange Rates Sink on Dovish Fed Signals
The US Dollar (USD) remains in retreat against the Pound (GBP) and the majority of its other peers this morning following the Federal Reserve’s policy decision on Wednesday.
While the Fed kept rates on hold this month as expected the US Dollar was driven lower as the US central bank signalled that is prepared to reserve some of last year’s rate hikes.
CATEGORIES: American Dollar Forecasts
Euro Pound Sterling (EUR/GBP) Exchange Rate Slips as Italy Challenges EU Budget Rules
19 Jun 2019 at 3 PM - Written by John Cameron
STORY LINK Euro Pound Sterling (EUR/GBP) Exchange Rate Slips as Italy Challenges EU Budget Rules
Euro Pound (EUR/GBP) Exchange Rate Falls as EU and Italy Clash
The Euro Pound Sterling (EUR/GBP) exchange rate edged lower and the pairing is currently trading at an inter-bank rate of £0.8892.
On Wednesday reports suggested that the Italian government will try to change the European Union’s fiscal rules.
Italy will try to allow more room for investments by reducing the role of ‘structural’ budget deficits.
CATEGORIES: Euro Pound Forecasts
GBP to AUD Exchange Rate Recovers from Tuesday Slump ahead of Federal Reserve Decision
19 Jun 2019 at 1 PM - Written by Ben Hughes
STORY LINK GBP to AUD Exchange Rate Recovers from Tuesday Slump ahead of Federal Reserve Decision
Due to persisting market concerns that the Federal Reserve may not be as dovish as expected, investors were hesitant to keep buying the trade-correlated Australian Dollar and the British Pound to Australian Dollar (GBP/AUD) exchange rate rebounded from its weekly lows today. This was despite a lack of notable support for the Pound.
Despite the Australian Dollar’s recent weakness, GBP/AUD has trended with a downside bias this...
CATEGORIES: Pound Australian Dollar Forecasts
GBP to ZAR Exchange Rate Slumps to Worst June Levels on Monetary Policy Divergence Speculation
18 Jun 2019 at 4 PM - Written by John Cameron
STORY LINK GBP to ZAR Exchange Rate Slumps to Worst June Levels on Monetary Policy Divergence Speculation
Despite South Africa’s recent political uncertainties and growth fears, the British Pound to South African Rand (GBP/ZAR) exchange rate plummeted today. Signs that major Central Banks were planning interest rate cuts while the South African Reserve Bank (SARB) would likely not cut rates much made it easier for the South African Rand to capitalise on the Pound’s latest Brexit-inspired weakness.
Recovering from its recent...
CATEGORIES: Pound Rand Forecasts
EUR to USD Exchange Rate Recovers from Weekend Lows on Poor US Manufacturing Data
17 Jun 2019 at 4 PM - Written by Tim Boyer
STORY LINK EUR to USD Exchange Rate Recovers from Weekend Lows on Poor US Manufacturing Data
Investors bought the Euro to US Dollar (EUR/USD) exchange rate back up from the lows it saw over the weekend today, as markets reacted to some disappointing US data. The pair’s potential for gains was limited though, amid Eurozone inflation concerns and anticipation for upcoming Federal Reserve news.
Eurozone economic concerns and some strong US data saw EUR/USD tumble from 1.1340 to around 1.1230 last week, and the pair...
CATEGORIES: American Dollar Forecasts Euro Forecasts