Latest Articles by Ben Hughes

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

GBP to AUD Exchange Rate Recovers from Tuesday Slump ahead of Federal Reserve Decision

19 Jun 2019 at 1 PM - Written by Ben Hughes

GBP to AUD Exchange Rate Recovers from Tuesday Slump ahead of Federal Reserve Decision
Due to persisting market concerns that the Federal Reserve may not be as dovish as expected, investors were hesitant to keep buying the trade-correlated Australian Dollar and the British Pound to Australian Dollar (GBP/AUD) exchange rate rebounded from its weekly lows today. This was despite a lack of notable support for the Pound. Despite...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to JPY Exchange Rate Climbs amid Profit Taking and Risk Sentiment

6 Jun 2019 at 5 PM - Written by Ben Hughes

GBP to JPY Exchange Rate Climbs amid Profit Taking and Risk Sentiment
Despite this week’s lack of particularly strong UK news or support for the Pound, the British Pound to Japanese Yen (GBP/JPY) exchange rate has been able to register gains throughout the week so far. This has been largely due to investors buying the Pound from its lows and selling the Japanese Yen from its recent highs however. After...

CATEGORIES: Pound Yen Forecasts

GBP to CAD Exchange Rate Tumbles as Fears of No-Deal Brexit Return

15 May 2019 at 4 PM - Written by Ben Hughes

GBP to CAD Exchange Rate Tumbles as Fears of No-Deal Brexit Return
Despite a lack of particularly supportive Canadian data in recent sessions, the British Pound to Canadian Dollar (GBP/CAD) exchange rate continues to tumble as Brexit uncertainties keep worsening while Canadian Dollar investors remain hopeful that the Bank of Canada (BoC) will avoid taking a dovish tone on monetary policy. While last...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to ZAR Exchange Rate Losses Limited as South African Election Approaches

3 May 2019 at 1 PM - Written by Ben Hughes

GBP to ZAR Exchange Rate Losses Limited as South African Election Approaches
While investors rolled back from some of the week’s biggest movements on Friday, the British Pound to South African Rand (GBP/ZAR) exchange rate’s Friday losses were limited due to a lack of solid demand for the South African Rand. Despite some investors taking profit from the Pound’s gains, trade uncertainty and uncertainty ahead of...

CATEGORIES: Pound Rand Forecasts

GBP to NZD Exchange Rate Slips Back from 2019 Best amid Lack of Strong Pound Support

25 Apr 2019 at 1 PM - Written by Ben Hughes

GBP to NZD Exchange Rate Slips Back from 2019 Best amid Lack of Strong Pound Support
Demand for the Pound was not strong enough to help keep the British Pound to New Zealand Dollar (GBP/NZD) exchange rate near its best levels today. As the New Zealand Dollar was bought back from its worst levels following weeks of poor performance, the Pound lacked any solid domestic support due to lasting UK political and Brexit...

CATEGORIES: Pound New Zealand Dollar Forecasts

Euro to Pound Exchange Rate Sheds Some Gains

15 Apr 2019 at 7 PM - Written by Ben Hughes

Euro to Pound Exchange Rate Sheds Some Gains
Investors took a break from buying the surprisingly resilient Euro today, as the Euro to British Pound (EUR/GBP) exchange rate slipped back from the strong weekend levels it had closed at. Investors were buying the Pound back from its lows as last week’s Sterling selloff appeared overdone, and left markets anticipating major data due for...

CATEGORIES: Euro Pound Forecasts

GBP to CAD Exchange Rate Rebounds Following Last Week’s Plummet on Canadian Growth

1 Apr 2019 at 5 PM - Written by Ben Hughes

GBP to CAD Exchange Rate Rebounds Following Last Week’s Plummet on Canadian Growth
Last week saw a major plunge in the British Pound to Canadian Dollar (GBP/CAD) exchange rate, as mounting Brexit fears combined with a surge in demand for the Canadian Dollar left the pair nearer its worst levels since February. This week so far though, GBP/CAD has put in a fairly sturdy rebound as investors cool from last week’s...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to US Dollar Exchange Rate Ticks Higher Ahead of Brexit Indicative Votes and US House Data

26 Mar 2019 at 5 PM - Written by Ben Hughes

GBP to US Dollar Exchange Rate Ticks Higher Ahead of Brexit Indicative Votes and US House Data
Despite persistent concerns that a no-deal Brexit is possible if no Brexit solution is reached in the coming weeks, the British Pound to US Dollar exchange rate edged higher today. Hopes for a solution to be reached kept Sterling buoyed while the US Dollar remained relatively unappealing following yesterday’s US recession...

CATEGORIES: Pound Dollar Forecasts

GBP to INR Exchange Rate Gains Limited on Brexit Uncertainty and Lingering Rupee Rally

14 Mar 2019 at 4 PM - Written by Ben Hughes

GBP to INR Exchange Rate Gains Limited on Brexit Uncertainty and Lingering Rupee Rally
Market expectations that a worst-case scenario no-deal Brexit is becoming less and less likely has helped the British Pound to Indian Rupee (GBP/INR) exchange rate to advance this week. However, lingering Brexit uncertainties and strong support for the Indian Rupee all week have made it difficult for the pair to hold its best levels. Since...

CATEGORIES: Pound Rupee Forecasts

Euro-Swiss Franc Exchange Rate Steadies with European Central Bank (ECB) Policy Decision Imminent

8 Mar 2019 at 1 PM - Written by Ben Hughes

Euro-Swiss Franc Exchange Rate Steadies with European Central Bank (ECB) Policy Decision Imminent
As Eurozone data comes in slightly better than forecast this week, higher demand for safe haven currencies like the Swiss Franc has done little to push the Euro to Swiss Franc (EUR/CHF) exchange rate lower. Investors have been too hesitant to make major moves on the pairing ahead of today’s anticipated European Central Bank (ECB) policy...

CATEGORIES: Euro Forecasts Swiss Franc Forecasts