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Currency News: UK daily forex news and forecasts

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GBP/AUD Exchange Rate Rises 0.3% as Hopes Rise for May UK Interest Rate Hike

20 Apr 2018 at 1 PM - Written by James Fuller

The Pound to Australian Dollar (GBP/AUD) exchange rate saw an overall (if minor) rise on 19th April, with an advance from the opening level of 1.8227 to close around 1.8236. The day’s main UK economic news was a set of data releases for retail sales in March. Levels of sales activity slowed, which initially prompted a sharp devaluation of the Pound. Sterling saw a recovery against the Australian Dollar later in the day,...

CATEGORIES: Pound Australian Dollar Forecasts

Euro to Pound Exchange Rate Forecast: Are EUR/GBP Losses Incoming on Falling Eurozone Confidence?

19 Apr 2018 at 3 PM - Written by James Fuller

On 18th April’s trading session, the Euro to Pound exchange rate (EUR/GBP) opened in the region of 0.8653 and rose to close higher around 0.8714. This appreciation was primarily because the Pound tumbled in value during the day; the morning’s Eurozone data ended up missing forecasts. In the former case, Sterling was significantly weakened early on by the news that the UK inflation rate fell to its slowest point in a year...

CATEGORIES: Euro Pound Forecasts

GBP to CAD Exchange Rate Holds Above Worst Levels as Bank of Canada Weakens ‘Loonie’

19 Apr 2018 at 1 PM - Written by David Woodsmith

Both the Pound and Canadian Dollar have become unappealing in recent sessions, causing fluctuations in the British Pound to Canadian Dollar (GBP/CAD) exchange rate. Still, overall the Pound outlook appeared to have worsened more due to disappointing UK inflation data weighing on Bank of England (BoE) interest rate hike bets. A broadly stronger Canadian Dollar pushed GBP/CAD lower in recent weeks, but this week GBP/CAD was...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to EUR Exchange Rate Plummets as Slowing UK Inflation Knocks Bank of England (BoE) Interest Rate Hike Bets

18 Apr 2018 at 12 PM - Written by Minesh Chaudhari

Following weeks of solid performance in Sterling, the British Pound to Euro (GBP/EUR) exchange rate plummeted on Wednesday. Pound investors were highly concerned by Britain’s surprisingly slow March inflation rate and Bank of England (BoE) interest rate hike bets fell as markets anticipated further signals from the bank. Last week saw GBP/EUR put in a solid gain from the level of 1.1466 to 1.1543. On Monday, GBP/EUR touched...

CATEGORIES: Pound Euro Forecasts

Pound to Australian Dollar Exchange Rate Forecast to Rally on UK Inflation Rate Slowdown

17 Apr 2018 at 5 PM - Written by James Fuller

On 16th April, the Pound to Australian Dollar (GBP/AUD) exchange rate saw an overall advance, having opened trading in the region of 1.8330 and closed around 1.8448. This GBP/AUD rise was mainly down to Pound trader optimism about the week’s UK economic announcements - the hope was that they could raise the chances of a Bank of England interest rate hike in May. For Australian Dollar traders, economic sentiment was less...

CATEGORIES: Pound Australian Dollar Forecasts

GBP USD Exchange Rate Under Pressure as US Industrial Production Improves

17 Apr 2018 at 4 PM - Written by Frank Davies

Although the UK unemployment rate unexpectedly fell to a fresh forty-two year low on Tuesday this failed to give the Pound US Dollar (GBP/USD) exchange rate a boost. While the UK labour market continued to tighten this did not result in any particular uptick in average weekly earnings, which showed steady growth of 2.8% in the three months to February. Even though this saw wage growth finally overtake inflation, albeit by...

CATEGORIES: Pound Dollar Forecasts

Pound Euro (GBP/EUR) Exchange Rate Fluctuates amid Recession Warnings for Germany

17 Apr 2018 at 3 PM - Written by John Cameron

UK Unemployment Hits 42-Year Low – Pound (GBP) Exchange Rates Find some Support The Pound Euro (GBP/EUR) exchange rate fluctuated on Tuesday, limited initially by a below-forecast UK wage growth report but gaining later into the day on the back of recession concerns for the bloc’s largest economy. According to the Office for National Statistics (ONS), average weekly earnings in the UK printed at 2.8% in in three months...

CATEGORIES: Pound Euro Forecasts

GBP USD Exchange Rate Surges Higher Ahead of UK Wage Growth Data

16 Apr 2018 at 3 PM - Written by Ben Hughes

Although the latest US advance retail sales data bettered forecast this failed to knock the Pound US Dollar (GBP/USD) exchange rate off an uptrend. While the 0.6% uptick on the year reversed the -0.1% contraction seen in February the mood towards the US Dollar remained generally muted. Confidence in the Pound, meanwhile, strengthened in anticipation of the latest round of technical meetings between UK and EU officials and...

CATEGORIES: Pound Dollar Forecasts

Pound Euro (GBP/EUR) Exchange Rate Strengthened by BoE Rate Speculation

16 Apr 2018 at 1 PM - Written by John Cameron

The Pound Euro (GBP/EUR) exchange rate is trending higher today as markets focus on upcoming UK data and its possible impact on the Bank of England’s (BoE) monetary policy. Pound (GBP) Buoyed by BoE rate Expectations The Pound is pushing higher against the Euro this morning as expectations of an interest rate hike from the BoE next month helps to bolster the appeal of Sterling. Markets are eyeing the release of some key...

CATEGORIES: Pound Euro Forecasts

Weekly GBP/CAD Exchange Rate Forecast: Are Pound Losses ahead on UK Inflation Acceleration?

13 Apr 2018 at 3 PM - Written by Ben Hughes

On Thursday, the Pound to Canadian Dollar exchange rate opened in the region of 1.8002 on Monday but later closed down lower around 1.7950 on Friday. This slight GBP/CAD decline could worsen in the week ahead, if UK economic data shows tougher conditions for consumers. Last Week’s GBP/CAD Losses Triggered by Slowing UK Productivity and Gloomy GDP Forecast The Pound to Canadian Dollar exchange rate noticeably fell over...

CATEGORIES: Pound Canadian Dollar Forecasts