Latest Articles by Ben Hughes

The most recent currency news items written by author Ben Hughes.

EUR to GBP Exchange Rate Rebounds as UK Growth Outlook Drags on Sterling

18 Jun 2018 at 4 PM - Written by Ben Hughes

EUR to GBP Exchange Rate Rebounds as UK Growth Outlook Drags on Sterling
As investors reassessed last week’s Central Bank developments and Britain’s economic outlook, the Euro to British Pound (EUR/GBP) exchange rate recovered slightly from its lows when markets opened on Monday. However, the pair has only recovered around half of the losses seen on Friday last week. Despite its sharp Friday fall, EUR/GBP...

CATEGORIES: Euro Pound Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Drops after UK Wage Growth Slows

12 Jun 2018 at 4 PM - Written by Ben Hughes

Pound Australian Dollar (GBP/AUD) Exchange Rate Drops after UK Wage Growth Slows
On Monday, the Pound to Australian Dollar exchange rate opened around 1.7643 and closed lower in the region of 1.7585. This decline in the Pound’s performance was down to a cluster of poor UK data releases which covered manufacturing, construction and industrial sector output. Levels of productivity fell in April across a range of...

CATEGORIES: Pound Australian Dollar Forecasts

GBP/EUR Exchange Rate Drops on Forecast Difficulties with Brexit ‘Backstop’

7 Jun 2018 at 4 PM - Written by Ben Hughes

GBP/EUR Exchange Rate Drops on Forecast Difficulties with Brexit ‘Backstop’
On Wednesday, the Pound to Euro exchange rate opened in the region of 1.1434 but closed down lower around 1.1390. There was little solid UK economic data out on the day, which instead left Pound Sterling at the mercy of trader reactions to a document from the European Commission. The document warned EU businesses that they should be...

CATEGORIES: Pound Euro Forecasts

GBP/EUR Exchange Rate Drops -0.5% after Gloomy UK Economic Forecasts

30 May 2018 at 4 PM - Written by Ben Hughes

GBP/EUR Exchange Rate Drops -0.5% after Gloomy UK Economic Forecasts
On Tuesday, the Pound to Euro exchange rate (GBP/EUR) opened around 1.1448 and closed slightly higher at 1.1487. Poor Predictions for UK Economy Cause GBP/EUR Exchange Rate Losses The Pound has struggled against the Euro today, falling by -0.5% in the pairing. A lack of solid UK economic data has worsened the situation, with negative...

CATEGORIES: Pound Euro Forecasts

GBP/CAD Exchange Rate Falls Today as Slowing Inflation Lowers Interest Rate Hike Odds

23 May 2018 at 1 PM - Written by Ben Hughes

GBP/CAD Exchange Rate Falls Today as Slowing Inflation Lowers Interest Rate Hike Odds
On Tuesday, the Pound to Canadian Dollar exchange rate opened trading around 1.7163 and closed higher in the region of 1.7224. The main Pound influencer yesterday was a testimony session held between Bank of England (BoE) policymakers and the Treasury Select Committee. BoE officials gave a mixed assessment of the UK economy; on the...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/AUD Exchange Rate Drops as Theresa May Rejects Post-Brexit Customs Union

17 May 2018 at 4 PM - Written by Ben Hughes

GBP/AUD Exchange Rate Drops as Theresa May Rejects Post-Brexit Customs Union
Yesterday saw the Pound open trading against the Australian Sollar in the region of 1.8078 and close down lower around 1.8016. This slide in value came after Bank of England (BoE) Deputy Governor Ben Broadbent gave a negative assessment of the UK economy. Mr Broadbent was particularly critical of UK productivity levels, which have...

CATEGORIES: Pound Australian Dollar Forecasts

USD/GBP Exchange Rate Rises Today ahead of Key Iran Nuclear Deal Update

8 May 2018 at 5 PM - Written by Ben Hughes

USD/GBP Exchange Rate Rises Today ahead of Key Iran Nuclear Deal Update
On Monday, the US Dollar to Pound exchange rate opened in the region of 0.7386 but later closed down slightly lower around 0.7370. This minor deterioration was partly caused by cautious remarks from Federal Reserve policymakers Robert Kaplan and Raphael Bostic. Both officials at the US central bank stated that despite mounting pressures...

CATEGORIES: Dollar Pound Forecasts

USD/EUR Exchange Rate Rises 0.4% as US Unemployment Drops to 3.9%

4 May 2018 at 4 PM - Written by Ben Hughes

USD/EUR Exchange Rate Rises 0.4% as US Unemployment Drops to 3.9%
On 3rd May, the US Dollar to Euro exchange rate opened trading in the region of 0.8366 and despite daily fluctuations closed down lower around 0.8341. USD/EUR Exchange Rate Rises Over 4-Month High as US Jobless Rate Drops The US Dollar to Euro (USD/EUR) exchange rate has risen by 0.4% to its highest level since December 2018 today,...

CATEGORIES: Euro Forecasts

Pound South African Rand Exchange Rate Continues Bullish Run in Spite of Rising SA Consumer Confidence

25 Apr 2018 at 12 PM - Written by Ben Hughes

Pound South African Rand Exchange Rate Continues Bullish Run in Spite of Rising SA Consumer Confidence
A sharp spike in South African consumer confidence was not enough to prevent the Pound South African Rand (GBP/ZAR) exchange rate extending its gains further on Wednesday. While consumer sentiment soared higher in the first quarter, raising the index from -8 to an impressive 26, the appeal of the South African Rand remained...

CATEGORIES: Pound Rand Forecasts

EUR to GBP Exchange Rate Sees Modest Losses as Eurozone PMIs Fail to Impress Investors

23 Apr 2018 at 4 PM - Written by Ben Hughes

EUR to GBP Exchange Rate Sees Modest Losses as Eurozone PMIs Fail to Impress Investors
Despite some better-than-expected Eurozone PMI projections on Monday, the Euro to British Pound (EUR/GBP) exchange rate slipped slightly from the week’s opening levels during Monday trade. Some analysts still believe a May interest rate hike from the Bank of England (BoE) is possible which has kept Sterling buoyed. Last week saw EUR/GBP...

CATEGORIES: Euro Pound Forecasts