Latest Articles by Ben Hughes

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

GBP EUR Exchange Rate Remains Under Pressure in Spite of Higher UK Inflation

15 Aug 2018 at 1 PM - Written by Ben Hughes

GBP EUR Exchange Rate Remains Under Pressure in Spite of Higher UK Inflation
The Pound Euro (GBP/EUR) exchange rate struggled to find any fresh traction on the back of July’s UK consumer price index, in spite of the headline figure strengthening. While inflation accelerated to 2.5% on the year, in line with market forecasts, this was not enough to shore up Pound Sterling against its rivals. As the monthly...

CATEGORIES: Pound Euro Forecasts

Euro to US Dollar Exchange Rate News: EUR/USD Rises as Turkish Economic Crisis Continues

13 Aug 2018 at 4 PM - Written by Ben Hughes

Euro to US Dollar Exchange Rate News: EUR/USD Rises as Turkish Economic Crisis Continues
Last week, the Euro to US Dollar (EUR/USD) exchange rate opened in the range of $1.1562 on Monday and closed down lower at $1.1420 on Friday. This overall deterioration for the single currency was down to growing concerns that a Turkish economic collapse could negatively affect Eurozone banks. European Central Bank (ECB) officials...

CATEGORIES: Euro Forecasts

GBP to USD Exchange Rate Tumbles Further as No Deal Brexit Fears Dominate Trade

8 Aug 2018 at 5 PM - Written by Ben Hughes

GBP to USD Exchange Rate Tumbles Further as No Deal Brexit Fears Dominate Trade
While there have been no UK economic developments this week so far, the British Pound to US Dollar (GBP/USD) continues to be sold largely on worsening market fears that the UK could leave the EU with a ‘no deal’ Brexit – often seen as a worst-case scenario by economists. Following last week’s fall from 1.3103 to 1.3001, GBP/USD...

CATEGORIES: Pound Dollar Forecasts

GBP to CAD Exchange Rate Struggles to Advance Ahead of Bank of England (BoE) Decision

1 Aug 2018 at 4 PM - Written by Ben Hughes

GBP to CAD Exchange Rate Struggles to Advance Ahead of Bank of England (BoE) Decision
Wednesday’s data was unable to give investors a reason to buy the British Pound to Canadian Dollar (GBP/CAD) exchange rate, so despite market anticipation for the Bank of England (BoE) decision on Thursday the pair has continued to trend below the week’s opening levels, partially thanks to strong Canadian data on Tuesday. Various...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/NZD Exchange Rate Static Today on PM’s Brexit Speech

20 Jul 2018 at 12 PM - Written by Ben Hughes

GBP/NZD Exchange Rate Static Today on PM’s Brexit Speech
On Thursday, the Pound opened trading against the New Zealand Dollar at a level of NZ$1.9251 and closed up slightly higher at NZ$1.9297. This advance came despite strong headwinds against the Pound from UK domestic data, which showed retail sales growth slowing by more than expected in June. Last month’s readings showed unexpectedly...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound Sterling to Australian Dollar Exchange Rate Tumbles on Brexit Worries

17 Jul 2018 at 4 PM - Written by Ben Hughes

Pound Sterling to Australian Dollar Exchange Rate Tumbles on Brexit Worries
On Monday, the Pound opened trading against the Australian Dollar at a level of 1.7405. The GBP/AUD exchange rate initially rose to a level of 1.7465, but closed down daily trading at a lower level of 1.7388. Pound Sterling to Australian Dollar Exchange Rate News: GBP/AUD Declines on Brexit Warning from BoE The Pound (GBP) has been...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to AUD Exchange Rate on Track to See Biggest Week of Losses in Almost Two Months

13 Jul 2018 at 1 PM - Written by Ben Hughes

GBP to AUD Exchange Rate on Track to See Biggest Week of Losses in Almost Two Months
Despite a lack of notable domestic support, the Australian Dollar has seen a recovery rally alongside risky peers, capitalising on a weak Sterling and pushing the British Pound to Australian Dollar (GBP/AUD) exchange rate lower towards the end of the week. After opening the week at the level of 1.7889, GBP/AUD attempted to climb in the...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to NZD Exchange Rate Weakens on Brexit Jitters Despite Trade War

6 Jul 2018 at 4 PM - Written by Ben Hughes

GBP to NZD Exchange Rate Weakens on Brexit Jitters Despite Trade War
June’s UK PMI data was impressive enough to cause a jump in Bank of England (BoE) interest rate hike bets, but this wasn’t enough to keep the British Pound to New Zealand Dollar (GBP/NZD) exchange rate buoyed. Instead, Brexit jitters and a brief boost in risk-sentiment pushed the pair lower towards the end of the week. After opening...

CATEGORIES: Pound New Zealand Dollar Forecasts

Daily EUR/GBP News: Euro to Pound Exchange Rate Static after Eurozone Manufacturing PMI Drops

2 Jul 2018 at 4 PM - Written by Ben Hughes

Daily EUR/GBP News: Euro to Pound Exchange Rate Static after Eurozone Manufacturing PMI Drops
Last week saw the Euro to Pound exchange rate open trading in the region of 0.8792 and close up higher around 0.8857. This EUR/GBP appreciation was mainly down to late-week Pound Sterling weakness, which was caused by growing concerns about the current progress of Brexit discussions. The talks to decide the UK-EU relationship after...

CATEGORIES: Euro Pound Forecasts

GBP/USD Exchange Rate Rises on Forecast August BoE Interest Rate Hike

22 Jun 2018 at 11 AM - Written by Ben Hughes

GBP/USD Exchange Rate Rises on Forecast August BoE Interest Rate Hike
On Thursday, the Pound to US Dollar exchange rate opened in the region of 1.3173 and closed higher around 1.3247. This appreciation was thanks to the Bank of England (BoE) Monetary Policy Committee (MPC) meeting, which brought a pleasant surprise for GBP traders. It was revealed that although a majority of policymakers had voted for no...

CATEGORIES: Pound Dollar Forecasts