Latest Articles by Ben Hughes

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

GBP to USD Exchange Rate near February Best Despite Generally Optimistic Federal Reserve

21 Feb 2019 at 11 AM - Written by Ben Hughes

GBP to USD Exchange Rate near February Best Despite Generally Optimistic Federal Reserve
While market demand for the US Dollar was a little stronger since last night’s Federal Reserve meeting minutes report, the British Pound to US Dollar (GBP/USD) exchange rate held near its best levels today. The Pound found support from fresh Brexit speculation and some stronger than expected UK data. Since opening this week at the level...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound to SA Rand Exchange Rate Sustains Weekly Gains as US-China Trade Tensions Resurface

8 Feb 2019 at 5 PM - Written by Ben Hughes

Pound to SA Rand Exchange Rate Sustains Weekly Gains as US-China Trade Tensions Resurface
Despite a lack of supportive UK data or major Brexit developments, the British Pound to South African Rand (GBP/ZAR) exchange rate has been able to advance this week. While some Brexit speculation has supported Sterling, the primary reason for GBP/ZAR gains has been market risk-aversion causing broad late-week weakness in the South African...

CATEGORIES: Pound Rand Forecasts

GBP to NZD Exchange Rate Struggles to Hold Last Week’s Gains Ahead of Fresh Brexit Debate

28 Jan 2019 at 4 PM - Written by Ben Hughes

GBP to NZD Exchange Rate Struggles to Hold Last Week’s Gains Ahead of Fresh Brexit Debate
Investors sold the Pound when markets opened for the week, amid fresh uncertainty over how the Brexit process would look by the end of the week. The British Pound to New Zealand Dollar (GBP/NZD) exchange rate slipped on Monday as a result, but could still climb later in the week if there are optimistic Brexit developments tomorrow. Despite...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound-to-Dollar Exchange Rate Sheds Gains Ahead of Key UK Parliament Brexit Vote

18 Jan 2019 at 7 AM - Written by Ben Hughes

Pound-to-Dollar Exchange Rate Sheds Gains Ahead of Key UK Parliament Brexit Vote
Speculation of a Brexit delay, as well as lasting weakness in the US Dollar, prompted investors to buy the British Pound to US Dollar (GBP/USD) exchange rate yesterday. However, the pair’s gains were limited, and investors quickly sold the pair again on Tuesday as a key UK Parliament vote over the Brexit process approached. The US Dollar...

CATEGORIES: Pound Dollar Forecasts

GBP to ZAR Exchange Rate Rebounds from Monthly Worst on Report that Brexit Date Could be Delayed

11 Jan 2019 at 2 PM - Written by Ben Hughes

GBP to ZAR Exchange Rate Rebounds from Monthly Worst on Report that Brexit Date Could be Delayed
Higher demand for riskier currencies, including emerging market currencies like the South African Rand, left the British Pound to South African Rand (GBP/ZAR) exchange rate sliding for most of last week. A report claiming that Brexit could be delayed helped the pair to recover slightly before markets closed for the week, however. After...

CATEGORIES: Pound Rand Forecasts

GBP to ZAR Exchange Rate Recovery Continues Despite Fresh Brexit Jitters

14 Dec 2018 at 10 AM - Written by Ben Hughes

GBP to ZAR Exchange Rate Recovery Continues Despite Fresh Brexit Jitters
Despite Sterling sliding against many major currencies on Friday morning, the British Pound to South African Rand (GBP/ZAR) exchange rate rebounded. Investors sold risky emerging market currencies like the South African Rand amid concerns about slowing global growth, as well as expectations for a Federal Reserve interest rate hike next...

CATEGORIES: Pound Rand Forecasts

GBP to USD Exchange Rate Recovery from 2018 Lows Slows as Brexit Retakes Focus in UK Politics

13 Dec 2018 at 4 PM - Written by Ben Hughes

GBP to USD Exchange Rate Recovery from 2018 Lows Slows as Brexit Retakes Focus in UK Politics
Despite Wednesday evening’s news that UK Prime Minister Theresa May had successfully seen off a no confidence vote from her Conservative Party, the British Pound to US Dollar (GBP/USD) exchange rate struggled to recover much further on Thursday. Instead, the US Dollar was supported slightly by the latest US data. Since opening this week...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro (GBP/EUR) Exchange Rate Struggles to Climb as Brexit Fears Persist and German Data Improves

6 Dec 2018 at 9 PM - Written by Ben Hughes

Pound to Euro (GBP/EUR) Exchange Rate Struggles to Climb as Brexit Fears Persist and German Data Improves
The Pound Sterling (GBP) outlook could change significantly over the next few weeks – with one of the most pivotal Brexit developments events set for next week. As a result, investors are hesitant to keep buying the British Pound to Euro (GBP/EUR) exchange rate and the pair shed most of its Wednesday recovery attempt overnight. Since...

CATEGORIES: Pound Euro Forecasts

GBP/USD Edges Away from Worst Levels on UK Prime Minister Reassurances

17 Nov 2018 at 8 AM - Written by Ben Hughes

GBP/USD Edges Away from Worst Levels on UK Prime Minister Reassurances
Due to a combination of political turmoil in Britain, as well as some solid US data, the British Pound to US Dollar (GBP/USD) exchange rate plummeted on Thursday. Friday saw the pair rebound just slightly as markets cooled – but many analysts believe that this may be just the beginning of the Pound’s late-year political woes. After...

CATEGORIES: Pound Dollar Forecasts

GBP to USD Exchange Rate Slides as Brexit Worries and Solid US Data Keep Up the Pressure

30 Oct 2018 at 2 PM - Written by Ben Hughes

GBP to USD Exchange Rate Slides as Brexit Worries and Solid US Data Keep Up the Pressure
Despite attempts from the UK Treasury to be optimistic during Britain’s Autumn Budget, the British Pound to US Dollar (GBP/USD) exchange rate tumbled again today. This was due to broad Brexit fears, as well as strong US data and some lingering market demand for safe haven currencies. Could GBP/USD be on track for another week of losses?...

CATEGORIES: Pound Dollar Forecasts