Latest Articles by Ben Hughes

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

GBP/EUR Exchange Rate Drops on Uncertainty about BoE’s Interest Rate Outlook

9 Feb 2018 at 11 AM - Written by Ben Hughes

GBP/EUR Exchange Rate Drops on Uncertainty about BoE’s Interest Rate Outlook
On Thursday’s trading session, the Pound to Euro exchange rate saw an overall advance from 1.1314 to a higher rate of 1.1365 in the evening. This closing figure was not the best daily rate, however – at the height of trading, the GBP/EUR exchange rate hit a high of 1.1442. Trader Concerns about BoE Interest Rate Decision Bring...

CATEGORIES: Pound Euro Forecasts

EUR to USD Exchange Rate Tumbles as US Dollar Recovery Continues

7 Feb 2018 at 4 PM - Written by Ben Hughes

EUR to USD Exchange Rate Tumbles as US Dollar Recovery Continues
While the Eurozone’s economic outlook remains strong, the Euro to US Dollar exchange rate has weakened in recent sessions. A stronger US Dollar has been able to recover more easily thanks to fresh uncertainties about Germany’s finance minister and the Eurozone’s growth outlook. Could this lead to the first weekly drop for EUR/USD...

CATEGORIES: Euro Forecasts

AUD USD Exchange Rate Extends Bullish Run on Protectionist US Talk

26 Jan 2018 at 10 AM - Written by Ben Hughes

AUD USD Exchange Rate Extends Bullish Run on Protectionist US Talk
The Australian Dollar US Dollar (AUD/USD) exchange rate continued to extend its gains ahead of the weekend, still benefitting from the latest rhetoric from the Trump administration. Even in the absence of any fresh domestic data the Australian Dollar capitalised on the relative weakness of its rival, with demand for higher-yielding assets...

CATEGORIES: Australian Dollar Forecasts

GBP to USD Exchange Rate Surges Past Key 1.40 Level on UK Wages Report

24 Jan 2018 at 12 PM - Written by Ben Hughes

GBP to USD Exchange Rate Surges Past Key 1.40 Level on UK Wages Report
Thanks to Wednesday’s UK job market report, the British Pound to US Dollar exchange rate has continued to see solid gains. Pound Investors were particularly impressed by Britain’s latest wage growth data, which beat expectations slightly and boosted Bank of England (BoE) rate hike bets. Despite nearing the key psychological resistance...

CATEGORIES: Pound Dollar Forecasts

EUR to GBP Exchange Rate Sheds Ground as ECB Officials Express Currency Strength Concern

17 Jan 2018 at 4 PM - Written by Ben Hughes

EUR to GBP Exchange Rate Sheds Ground as ECB Officials Express Currency Strength Concern
As more European Central Bank (ECB) officials express concern about the persistent bullishness of the Euro, the Euro to British Pound exchange rate has been unable to hold its ground. Eurozone inflation has also failed to impress Euro investors. Following last week’s modest gains from 0.8865 to 0.8889, EUR/GBP has trended within a mostly...

CATEGORIES: Euro Pound Forecasts

EUR/USD Exchange Rate Strengthens on ‘Bullish’ ECB Comments

11 Jan 2018 at 3 PM - Written by Ben Hughes

EUR/USD Exchange Rate Strengthens on ‘Bullish’ ECB Comments
On Wednesday’s trading session, the Euro to US Dollar exchange rate saw a minimal rise. The pairing opened daily trading in the region of 1.1930 and closed higher around 1.1956 in the evening. Eurozone news was fairly limited, only consisting of a small development in German coalition talks. The CDU/CSU union and SPD Party...

CATEGORIES: Euro Forecasts

Could UK Productivity be Stirring Once Again? GBP AUD Exchange Rate Inches Ahead

5 Jan 2018 at 3 PM - Written by Ben Hughes

Could UK Productivity be Stirring Once Again? GBP AUD Exchange Rate Inches Ahead
UK Productivity Shows Signs of Stirring – GBP Exchange Rates Capitalise The productivity of British workers increased at the fastest rate in six years over Q3 2017 - news that effectively bolstered the Pound Australian Dollar (GBP AUD) exchange rate on Friday. According to figures from the Office for National Statistics (ONS) the...

CATEGORIES: Australian Dollar Forecasts Currency Predictions

GBP EUR Exchange Rate Fluctuates after Robust UK Services Data

4 Jan 2018 at 1 PM - Written by Ben Hughes

GBP EUR Exchange Rate Fluctuates after Robust UK Services Data
UK Service Sector Growth Fails to Bolster the GBP EUR Exchange Rate Britain’s service sector picked up pace in December, suggesting that the UK’s economy continues to remain resilient. According to data from Markit, the UK’s services purchasing managers index (PMI) climbed to 54.2 in December, up from November’s print of...

CATEGORIES: Daily Currency Updates Euro Forecasts

GBP to CAD Exchange Rate Advances Despite Slower UK Manufacturing PMI

2 Jan 2018 at 1 PM - Written by Ben Hughes

GBP to CAD Exchange Rate Advances Despite Slower UK Manufacturing PMI
Despite Britain’s latest manufacturing data from Markit coming in lower than expected, the British Pound to Canadian Dollar exchange rate tested gains on Tuesday and trended above the week’s opening levels. The Canadian Dollar was weighed by expectations that prices of oil, Canada’s most lucrative commodity, would soon weaken. Due to...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP AUD Exchange Rate Slips on Faltering UK Consumer Confidence

21 Dec 2017 at 2 PM - Written by Ben Hughes

GBP AUD Exchange Rate Slips on Faltering UK Consumer Confidence
An unexpected dip in December’s GfK consumer confidence index saw the Pound Australian Dollar exchange rate struggling to gain any real traction. Investors were not encouraged to find that the index had slipped from -12 to -13, indicating that consumers are ending the year on a more negative note. This continued decline is largely...

CATEGORIES: Pound Australian Dollar Forecasts