Latest Articles by Ben Hughes

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

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

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