Latest Articles by Ben Hughes

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

EUR to GBP Exchange Rate Holds Ground despite German Recession Jitters

4 Oct 2019 at 9 AM - Written by Ben Hughes

EUR to GBP Exchange Rate Holds Ground despite German Recession Jitters
Punctuating a week of poor Eurozone ecostats and fresh Brexit developments, the Euro and Pound are both highly week, and the Euro to British Pound (EUR/GBP) exchange rate is on track to end the week not too far from its opening levels as a result. With key Eurozone data due next week and the formal 31st of October Brexit date drawing ever...

CATEGORIES: Euro Pound Forecasts

GBP to AUD Exchange Rate Hits Weekly Worst but ‘Aussie’ Gains May Be Limited

26 Sep 2019 at 12 PM - Written by Ben Hughes

GBP to AUD Exchange Rate Hits Weekly Worst but ‘Aussie’ Gains May Be Limited
Despite uncertainties over whether the Reserve Bank of Australia (RBA) will cut Australian interest rates next week or not, the British Pound to Australian Dollar (GBP/AUD) exchange rate has been tumbling this week. A combination of Brexit hopes and higher demand for trade-correlated currencies towards the end of the week has left the Pound...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to USD Exchange Rate’s Fall from Monthly High Continues as Boris Johnson Reaffirms October Brexit

17 Sep 2019 at 2 PM - Written by Ben Hughes

GBP to USD Exchange Rate’s Fall from Monthly High Continues as Boris Johnson Reaffirms October Brexit
Last week’s surge in demand for the Pound was short lived, as a combination of Brexit jitters and global market sentiment has left the British Pound to US Dollar (GBP/USD) exchange rate weaker again this week. Sterling has been falling as no-deal Brexit fears revive, and the US Dollar has easily capitalised on this due to its appeal as a...

CATEGORIES: Pound Dollar Forecasts

GBP to ZAR Exchange Rate Trends near New Two-Month-Best amid Rising Oil Prices

19 Aug 2019 at 1 PM - Written by Ben Hughes

GBP to ZAR Exchange Rate Trends near New Two-Month-Best amid Rising Oil Prices
Despite higher market demand for currencies correlated with trade and risk today, the British Pound to South African Rand (GBP/ZAR) exchange rate has been trending within a tighter region since markets opened this morning. Investors are hesitant to make fresh big moves on either the Pound or South African Rand amid political and economic...

CATEGORIES: Pound Rand Forecasts

GBP to ZAR Exchange Rate Plunges as Markets React to Sudden US Trade Tariff Delay

13 Aug 2019 at 5 PM - Written by Ben Hughes

GBP to ZAR Exchange Rate Plunges as Markets React to Sudden US Trade Tariff Delay
Could the South African Rand’s downward trend have come to an end for now? The British Pound to South African Rand (GBP/ZAR) exchange rate plunged on Tuesday afternoon as investors reacted to surprise optimistic developments in the US-China trade war. The Pound was unable to benefit from the morning’s UK job data, making it easier for the...

CATEGORIES: Pound Rand Forecasts

GBP to SEK Exchange Rate Pressured by Brexit Fears and Swedish Services PMI

5 Aug 2019 at 4 PM - Written by Ben Hughes

GBP to SEK Exchange Rate Pressured by Brexit Fears and Swedish Services PMI
While the Swedish Krona’s movement was mixed last week, the British Pound to Swedish Krona (GBP/SEK) exchange rate has been unable to continue the recovery rally it saw towards the end of last week. This is because, despite some stronger than expected UK data today, the Pound outlook remains dominated by worsening no-deal Brexit fears while...

CATEGORIES: Pound Sterling Forecasts

GBP to AUD Exchange Rate Remains Near 2019 Worst despite Sterling’s Recovery Attempt

19 Jul 2019 at 5 PM - Written by Ben Hughes

GBP to AUD Exchange Rate Remains Near 2019 Worst despite Sterling’s Recovery Attempt
While the Pound saw a strong rebound from its worst levels against many major currencies towards the end of the week, the British Pound to Australian Dollar (GBP/AUD) exchange rate’s recovery was limited. The Australian Dollar remained relatively resilient despite Reserve Bank of Australia (RBA) interest rate cut bets, as the latest...

CATEGORIES: Pound Australian Dollar Forecasts

EUR to GBP Exchange Rate Trends with Upside Bias despite German Recession Fears

8 Jul 2019 at 5 PM - Written by Ben Hughes

EUR to GBP Exchange Rate Trends with Upside Bias despite German Recession Fears
Despite more concerning Eurozone data and fresh surveys suggesting that Germany’s economy is far from out of the woods, the Euro to British Pound (EUR/GBP) exchange rate has avoided losses today and has been trending with an upside bias since markets opened. This has been due to persisting no-deal Brexit and Bank of England (BoE) interest...

CATEGORIES: Euro Pound Forecasts

EUR to GBP Exchange Rate Avoids Significant Losses amid Latest European Central Bank (ECB) Speculation

2 Jul 2019 at 4 PM - Written by Ben Hughes

EUR to GBP Exchange Rate Avoids Significant Losses amid Latest European Central Bank (ECB) Speculation
Mixed movement in both the Euro and Pound has left the Euro to British Pound (EUR/GBP) exchange rate fluctuating broadly this week so far. Investors are hesitant to keep selling the pair despite its high levels though, as European Central Bank (ECB) speculation keeps the Euro buoyed and the latest UK data and Brexit speculation keeps pressure...

CATEGORIES: Euro Pound Forecasts

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