Latest Articles by Ben Hughes

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

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

16 Apr 2018 at 3 PM - Written by Ben Hughes

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

CATEGORIES: Pound Dollar 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

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

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/INR Exchange Rate Rises 0.6% as Crude Oil Prices Skyrocket

11 Apr 2018 at 5 PM - Written by Ben Hughes

GBP/INR Exchange Rate Rises 0.6% as Crude Oil Prices Skyrocket
On Tuesday, the Pound to Indian Rupee exchange rate saw a rise from an initial opening level of 91.7998 in the morning to close higher around 92.1156 in the evening. The main source of GBP gains was a speech from Bank of England (BoE) official Ian McCafferty, who insisted that the BoE Monetary Policy Committee (MPC) shouldn’t 'dally’...

CATEGORIES: Pound Rupee Forecasts

GBP to NZD Exchange Rate Strength Limited by NZD Resilience

6 Apr 2018 at 1 PM - Written by Ben Hughes

GBP to NZD Exchange Rate Strength Limited by NZD Resilience
Due to some disappointing UK data and a surprisingly resilient New Zealand Dollar, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate saw mixed movement over the past week despite Sterling’s strong performance against other majors like the Euro (EUR) and US Dollar (USD). Last week saw GBP/NZD tumble from 1.9529 to 1.9344,...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to CAD Exchange Rate Sheds Gains as Hopes Rise for NAFTA Deal

21 Mar 2018 at 5 PM - Written by Ben Hughes

GBP to CAD Exchange Rate Sheds Gains as Hopes Rise for NAFTA Deal
Despite Brexit hopes and strong UK data boosting Sterling against most major currency rivals, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has shed its weekly gains and trended lower on Wednesday amid rising hopes that the North American Free Trade Agreement (NAFTA) could be successfully renegotiated. After seeing major...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Euro (GBP/EUR) Exchange Rate Fluctuates amid Upbeat UK Spring Budget Statement

13 Mar 2018 at 4 PM - Written by Ben Hughes

Pound Euro (GBP/EUR) Exchange Rate Fluctuates amid Upbeat UK Spring Budget Statement
UK Growth Forecasts Upgraded, Pound (GBP) Exchange Rates Supported The Pound Euro (GBP/EUR) exchange rate fluctuated on Tuesday, rising initially as markets responded to an upbeat UK Spring Budget Statement from UK Chancellor Philip Hammond, but coming under pressure later into the day as the Euro benefitted from a brighter outlook for the...

CATEGORIES: Pound Euro Forecasts

2018 Spring Statement: GBP/NZD Exchange Rate Declines after UK Economic Update

13 Mar 2018 at 3 PM - Written by Ben Hughes

2018 Spring Statement: GBP/NZD Exchange Rate Declines after UK Economic Update
On Monday’s trading session, the Pound to New Zealand Dollar exchange rate rose from a starting level of 1.8963 to close higher in the region of 1.9054. There was little direct UK data to refer to, so GBP traders instead considered the spring statement which has come out today. GBP/NZD Exchange Rate Update: Pound Dips against New...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to EUR Exchange Rate Advances Limited by Brexit Uncertainties

12 Mar 2018 at 5 PM - Written by Ben Hughes

GBP to EUR Exchange Rate Advances Limited by Brexit Uncertainties
Following some late-week advances last Friday, the British Pound to Euro (GBP/EUR) exchange rate appeared to continue its advance during Monday’s European session. While the Euro was under pressure, uncertainties about the Brexit process kept a cap on Sterling gains and this is likely to continue. Last week saw GBP/EUR mostly trending...

CATEGORIES: Pound Euro Forecasts

GBP to NZD Exchange Rate Sheds Weekly Gains as Risk-Sentiment Rises on Korea News

6 Mar 2018 at 4 PM - Written by Ben Hughes

GBP to NZD Exchange Rate Sheds Weekly Gains as Risk-Sentiment Rises on Korea News
A lack of supportive factors in Pound trade left the British Pound to New Zealand Dollar (GBP/NZD) exchange rate shedding its Monday gains during Tuesday’s session. Investors found risky investments like the New Zealand Dollar more appealing due to global political news. Last week’s wide GBP/NZD fluctuations were largely caused by...

CATEGORIES: Pound New Zealand Dollar Forecasts

EUR USD Exchange Rate Struggles to Hold Momentum Ahead of Eurozone Inflation

26 Feb 2018 at 2 PM - Written by Ben Hughes

EUR USD Exchange Rate Struggles to Hold Momentum Ahead of Eurozone Inflation
The Euro US Dollar (EUR/USD) exchange rate recovered some of its lost ground at the start of the week, even as investors braced for the latest comments from European Central Bank (ECB) President Mario Draghi. Although there was a risk that Draghi will opt to maintain a relatively dovish tone with regards to monetary policy this was not...

CATEGORIES: Euro Forecasts