Latest Articles by Ben Hughes

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

GBP to USD Exchange Rate Holds Ground in Anticipation of Bank of England (BoE) Speculation

24 Jan 2020 at 9 AM - Written by Ben Hughes

GBP to USD Exchange Rate Holds Ground in Anticipation of Bank of England (BoE) Speculation
Despite US data continuing to be decent and a lack of fresh support for the Pound yesterday, the British Pound to US Dollar (GBP/USD) exchange rate was able to continue to hold its ground for most of the past day. The Pound could still see some sharp movements before markets close for the week depending on upcoming UK PMI results, while this...

CATEGORIES: Pound Dollar Forecasts

GBP to NZD Exchange Rate Recovery Stops Short as UK Retail Sales Keep Bank of England Bets Afloat

17 Jan 2020 at 12 PM - Written by Ben Hughes

GBP to NZD Exchange Rate Recovery Stops Short as UK Retail Sales Keep Bank of England Bets Afloat
Rising Bank of England (BoE) interest rate cut bets have remained the biggest story for Pound exchange rates this week, but the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has still recovered from weekly lows due to a lack of strength in New Zealand Dollar trade. The New Zealand Dollar has been benefitting slightly from global...

CATEGORIES: Forecasts

GBP to AUD Exchange Rate Continue to Rise as ‘Aussie’ Hit by Bushfire Crisis

7 Jan 2020 at 12 PM - Written by Ben Hughes

GBP to AUD Exchange Rate Continue to Rise as ‘Aussie’ Hit by Bushfire Crisis
The British Pound to Australian Dollar (GBP/AUD) exchange rate has already seen notable gains this week. Despite persisting Brexit uncertainty, the Pound has been able to capitalise on the Australian Dollar’s broad risk-off weakness. The Australian Dollar is being hit lower by a combination of domestic and global concerns, including fires...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to NZD Exchange Rate Fails to Advance as New Zealand Dollar Demand Remains Strong

30 Dec 2019 at 3 PM - Written by Ben Hughes

GBP to NZD Exchange Rate Fails to Advance as New Zealand Dollar Demand Remains Strong
Despite the Pound seeing another rebound attempt on Monday in response to some stronger than expected UK mortgage data, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate was unable to sustain much in the way of gains due to broad strength persisting in the New Zealand Dollar. The New Zealand Dollar is a risk and trade-correlated...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to CAD Exchange Rate Recovers from Limp Performance amid Canadian Growth Concerns

27 Dec 2019 at 12 PM - Written by Ben Hughes

GBP to CAD Exchange Rate Recovers from Limp Performance amid Canadian Growth Concerns
Brexit uncertainties have been keeping the Pound under pressure through quiet holiday trade this week, but the British Pound to Canadian Dollar (GBP/CAD) exchange rate has ultimately avoided losses due to lingering weakness in the Canadian Dollar. Investors have been hesitant to buy the Canadian Dollar amid this week’s Canadian growth data,...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Struggles to Hold Best as US-China ‘Phase One’ Deal Boosts Trade

16 Dec 2019 at 1 PM - Written by Ben Hughes

GBP to CAD Exchange Rate Struggles to Hold Best as US-China ‘Phase One’ Deal Boosts Trade
Last week’s UK General Election led to a surge in demand for the Pound, but the British Pound to Canadian Dollar (GBP/CAD) exchange rate was unable to hold its best levels as UK Brexit uncertainties returned and Britain’s economic outlook remained mixed. The Canadian Dollar, despite weakness in recent Canadian ecostats, has been...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Hits 6-Month-Best on Shockingly Poor Canadian Job Market Report

6 Dec 2019 at 3 PM - Written by Ben Hughes

GBP to CAD Exchange Rate Hits 6-Month-Best on Shockingly Poor Canadian Job Market Report
Even after the Bank of Canada (BoC) took a relatively optimistic tone on Canada’s economic outlook this week, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has seen another surge in demand today. The Pound is benefitting from weakness in the Canadian Dollar, as investors react to a shockingly poor Canadian job market report...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to ZAR Exchange Rate Avoids Major Losses amid Emerging Market Weakness

26 Nov 2019 at 3 PM - Written by Ben Hughes

GBP to ZAR Exchange Rate Avoids Major Losses amid Emerging Market Weakness
The latest US-China trade optimism has been unable to offer much support to trade-correlated currencies like the South African Rand that are more correlated with emerging market movement, and as a result the British Pound to South African Rand (GBP/ZAR) exchange rate has only seen limited losses today. The Pound was tumbling against most...

CATEGORIES: Pound Rand Forecasts

GBP to AUD Exchange Rate Recovers as Reserve Bank of Australia Rate Cut Bets Return

8 Nov 2019 at 5 PM - Written by Ben Hughes

GBP to AUD Exchange Rate Recovers as Reserve Bank of Australia Rate Cut Bets Return
Despite trending lower for most of this week, and briefly seeing a slump yesterday, the British Pound to Australian Dollar (GBP/AUD) exchange rate has rebounded from its lows today and ultimately hasn’t seen huge losses this week after all. Demand for the Pound has been limited amid political uncertainty, but the Australian Dollar has seen...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to NZD Exchange Rate Tumbles as New Zealand Dollar Capitalises on Rival Weakness

4 Nov 2019 at 12 PM - Written by Ben Hughes

GBP to NZD Exchange Rate Tumbles as New Zealand Dollar Capitalises on Rival Weakness
While investors have had little fresh reason to move on the Pound so far this week, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has been falling as the New Zealand Dollar takes advantage of the market’s risk-sentiment and weakness in its rival, the Australian Dollar. This has left the New Zealand Dollar as one of the...

CATEGORIES: Pound New Zealand Dollar Forecasts