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Solid Eurozone Growth Dents GBP EUR Exchange Rate

24 Oct 2017 at 9 AM - Written by David Woodsmith

Even though the latest raft of Eurozone manufacturing and services PMIs proved somewhat mixed this was not enough to keep the Pound Euro exchange rate on a stronger footing. While the German service sector showed a larger dip in activity than forecast in October the Eurozone’s powerhouse economy still demonstrated general resilience. This bolstered confidence in the outlook of the single currency, especially as the French...

CATEGORIES: Pound Euro Forecasts

GBP USD Exchange Rate Slides as UK Manufacturing Data Disappoints

23 Oct 2017 at 3 PM - Written by John Cameron

The Pound US Dollar (GBP USD) exchange rate beat a hasty retreat this morning as the pairing was stung by the release of monthly survey data for Britain’s manufacturing sector. Sterling Slips on lacklustre CBI Manufacturing Reports The Pound is trending lower at the start of this week’s session as a markets reacted to a damning report on the UK’s industrial sector’s growth and outlook amongst...

CATEGORIES: Pound Dollar Forecasts

GBP NZD Exchange Rates Fluctuate Before UK GDP

23 Oct 2017 at 3 PM - Written by Frank Davies

The Pound New Zealand Dollar exchange rate predominantly fluctuated today with markets waiting for Wednesday’s UK GDP release and announcements regarding cabinet positions from New Zealand’s Prime Minister, Jacinda Ardern. NZD Exchange Rates Stabilise Ahead of Cabinet Position Announcements The ‘Kiwi’ caught some air today, steadying in its recent fall as markets prepared for new Prime Minister Jacinda...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

Catalonian Crisis Damages EUR GBP Exchange Rate, ahead of Government Takeover

23 Oct 2017 at 12 PM - Written by Frank Davies

Last week saw the Euro make a minor advance against the Pound, from an opening exchange rate on Monday of 0.8889. While the Euro rose to a high of 0.9021 during the week, it ultimately closed only slightly higher at a rate of 0.8933. EUR Drops as Spanish Government Prepares for Catalan Crackdown A worsening of the political situation in Spain has kept the Euro in check today, leading to a decline against the stronger...

CATEGORIES: Euro Pound Forecasts

GBP NZD Exchange Rate at Five-Month High over New Zealand Political Concerns

20 Oct 2017 at 11 AM - Written by John Cameron

The Pound New Zealand Dollar (GBP NZD) exchange rate struck a five-month high this morning as political uncertainty continued to weigh on the ‘kiwi’. New Zealand Dollar (NZD) Falters as New Coalition Government to Enter Power The New Zealand Dollar remains on the back foot today as investors continue to remain wary of the currency as the country faces its first change in power for nearly a decade. While markets...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to EUR Exchange Rate Recovers Despite Lower Pound Outlook

20 Oct 2017 at 11 AM - Written by Ben Hughes

After tumbling for most of the week on Brexit concerns and pessimism about Britain’s economic outlook, the British Pound to Euro exchange rate has bounced back from its lows. Market jitters about tension between Spain and Catalonia have weakened the Euro slightly. Despite making a decent advance last week, GBP/EUR has shed all of those gains. The pair opened on Monday at around 1.1238 and hit a low of 1.1085 on Friday...

CATEGORIES: Pound Euro Forecasts

GBP USD Exchange Rate Recovers Ground on Hopes for Brexit Progress

20 Oct 2017 at 11 AM - Written by David Woodsmith

Although last night’s meeting of EU leaders yielded some positive comments this was not enough to particularly boost the Pound US Dollar exchange rate. Even so, confidence in the Pound recovered somewhat as investors took encouragement from signs that EU negotiators could start to prepare for the second phase of talks before the end of the year. While the UK government has missed its initial aim to move onto the subject of...

CATEGORIES: Pound Dollar Forecasts

Pound Loses Ground to Australian Dollar on Poor UK Sales Stats

19 Oct 2017 at 4 PM - Written by Toni Johnson

During Wednesday’s trading session, the Pound appreciated against the Australian Dollar. Opening trading at a rate of 1.6807, GBP later closed higher at 1.6847. GBP AUD Exchange Rate Down -0.5% as UK Sales Disappoint The Pound has dropped against most currency peers today, following a disappointing result for UK retail sales in September. For the year-on-year readings, sales slowed, while they fell into negative ranges...

CATEGORIES: Pound Australian Dollar Forecasts

GBP CAD Slides on Disappointing UK Retail Sales Figures and Lack of Brexit Progress

19 Oct 2017 at 2 PM - Written by John Cameron

The Pound Canadian Dollar exchange rate tumbled today as markets reacted to disappointing UK retail sales figures and a clear lack of progress in Brexit negotiations. UK Retail Sales Disappoint – GBP Encumbered UK Retail sales suffered a sharp fall in September, according to the Office of National Statistics (ONS) who reported a fall year-on-year from the previous period’s downwardly revised 2.3% to only 1.2% - far below...

CATEGORIES: Canadian Dollar Forecasts

GBP EUR Exchange Rate Slumps, Slump in UK Retail Sales to Persist?

19 Oct 2017 at 1 PM - Written by John Cameron

The Pound Euro (GBP EUR) exchange rate fell half a cent this morning as UK retail sales declined faster than expected last month. Pound (GBP) Plummets UK Retail Sales Tumble in September Sterling sentiment took another heavy blow this morning as the latest UK retail figures reported a sharp decline in sales. According to data released by the Office for National Statistics (ONS) retail sales nosedived from a healthy 0.9%...

CATEGORIES: Pound Euro Forecasts