Currency News: UK daily forex news and forecasts
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Pound US Dollar Exchange Rate News: GBP/USD Struggles to Sustain $1.30 despite Rebound in UK Inflation
19 Feb 2020 at 11 AM - Written by John Cameron
STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Struggles to Sustain $1.30 despite Rebound in UK Inflation
Pound (GBP) Falters in spite of Solid Increase in Inflation
The Pound (GBP) is trading on the back foot against the US Dollar (USD) and the majority of its other peers this morning, in spite of a stronger-than-expected UK consumer price index (CPI).
According to data published by the Office for National Statistics (ONS), UK inflation soared to 1.8% in January, a six-month high.
This was up from a three-year low of 1.3% in...
CATEGORIES: Pound Dollar Forecasts
GBP to AUD Exchange Rate Advances as Reserve Bank of Australia Leaves Door Open for Rate Cut
18 Feb 2020 at 5 PM - Written by Toni Johnson
STORY LINK GBP to AUD Exchange Rate Advances as Reserve Bank of Australia Leaves Door Open for Rate Cut
Even with Australian data decent recently, the Australian Dollar has seen a volatile few weeks due to persisting market concerns over a coronavirus outbreak, and this is making it easier for the British Pound to Australian Dollar (GBP/AUD) exchange rate to sustain gains. The Pound is benefitting from weakness in rivals, as well as rising market optimism over Britain’s upcoming budget presentation. The Australian Dollar has also...
CATEGORIES: Pound Australian Dollar Forecasts
EUR to USD Exchange Rate Remains Near Yearly Worst on Eurozone Growth Concerns
17 Feb 2020 at 3 PM - Written by Tim Boyer
STORY LINK EUR to USD Exchange Rate Remains Near Yearly Worst on Eurozone Growth Concerns
Due to a lack of support from either domestic or global developments, the Euro remains unappealing and last week was yet another week of losses for the Euro to US Dollar (EUR/USD) exchange rate. Investors find the Euro unappealing due to lingering fears of a lasting slowdown in Eurozone economy, as well as the possibility that further slowdown is ahead due to the coronavirus outbreak. Meanwhile, the US Dollar is resilient on US...
CATEGORIES: American Dollar Forecasts Euro Forecasts
Japanese Yen Rate Today: Weak GDP Data from Japan Adds to the Concerns for the Global Economy
17 Feb 2020 at 2 PM - Written by David Woodsmith
STORY LINK Japanese Yen Rate Today: Weak GDP Data from Japan Adds to the Concerns for the Global Economy
Q4 data has been patchy, with Germany and China especially concerning.
Japanese data released Monday shows GDP growth at -1.6% QoQ. Recession is probable and ING call 2020 GDP growth at -1.1%.
What is especially worrying is that the data does not yet reflect the impact of the coronavirus and the effects could be significant. Looking ahead there is the potential for much more economic upset and the Olympic Games in Japan...
CATEGORIES: Japanese Yen Forecasts
Uncertain Economic Impact of Covid-19 Leaves Pound New Zealand Dollar (GBP/NZD) Exchange Rate Flat
14 Feb 2020 at 5 PM - Written by John Cameron
STORY LINK Uncertain Economic Impact of Covid-19 Leaves Pound New Zealand Dollar (GBP/NZD) Exchange Rate Flat
Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Muted as Markets Shrug Off RBNZ Decision
The Pound Sterling New Zealand Dollar (GBP/NZD) exchange rate remained flat on Friday, and traded around NZ$2.0233.
The New Zealand Dollar weakened at the end of the week on continued Covid-19 fears.
The latest figures from China revealed the number of cases increased by 4,823, after Thursday’s jump of nearly 15,000 new...
CATEGORIES: Pound New Zealand Dollar Forecasts