Latest Articles by Ben Hughes

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

Higher UK Wage Growth Triggers Pound to Euro Exchange Rate Rise

13 Dec 2017 at 12 PM - Written by Ben Hughes

Higher UK Wage Growth Triggers Pound to Euro Exchange Rate Rise
The GBP/EUR pairing opened in the region of 1.1329 during the morning, later closing higher at 1.1343 by the end of the day. This advance came despite trader uncertainty about UK inflation, which reached 3.1% in November. This unexpected rise from 3% put inflation at an almost-6 year high and brought up difficult questions for Bank of...

CATEGORIES: Pound Euro Forecasts

EUR USD Exchange Rate Weakens on US Fed Rate Hike Anticipation

7 Dec 2017 at 5 PM - Written by Ben Hughes

EUR USD Exchange Rate Weakens on US Fed Rate Hike Anticipation
The Euro US Dollar (EUR USD) exchange rate remained bearish on Thursday with markets anticipating a rate hike from the US Federal Reserve in December whilst also reacting to some mixed ecostats from the bloc. Eurozone Data Proves Mixed, EUR USD Exchange Rate Remains Weak Growth in the Eurozone printed at 0.6% quarter-on-quarter in the...

CATEGORIES: Euro Forecasts

Continued Concerns about Brexit Progress Cause Pound US Dollar Losses

5 Dec 2017 at 4 PM - Written by Ben Hughes

Continued Concerns about Brexit Progress Cause Pound US Dollar Losses
On Monday, the Pound opened trading against the US Dollar at a rate of 1.3489. While losses weren’t massive, the GBP/USD exchange rate still traded down at 1.3473 by the end of the day. Failure to Solve Irish Border Issues Leaves GBP/USD Trading Down The Pound has struggled to make any headway against the US Dollar today, owing to...

CATEGORIES: Pound Dollar Forecasts

EUR/GBP Rate Worsens on Lower Confidence; Will Euro Recover on Eurozone Optimism?

27 Nov 2017 at 12 PM - Written by Ben Hughes

EUR/GBP Rate Worsens on Lower Confidence; Will Euro Recover on Eurozone Optimism?
The Euro saw progressive gains against the Pound last week, but ultimately only made a small overall rise. EUR/GBP trading opened in the region of 0.8893 on Monday, later closing slightly higher at a rate of 0.8946 late on Friday. Eurozone Confidence Drop Leads to EUR/GBP Exchange Rate Drop Disappointing Italian data has weakened the...

CATEGORIES: Euro Pound Forecasts

German Coalition Talks Hit Roadblock, Triggering EUR USD Drop

20 Nov 2017 at 3 PM - Written by Ben Hughes

German Coalition Talks Hit Roadblock, Triggering EUR USD Drop
Over the previous week, the Euro saw an overall rise against the US Dollar. The EUR/USD exchange rate opened trading on Monday in the region of 1.1647, later closing higher at a rate of 1.1792 late on Friday. Compared to last week, the Euro has only seen a minor dip against the US Dollar by trading at a rate of 1.1786. Euro US Dollar...

CATEGORIES: Euro Forecasts

GBP to ZAR Exchange Rate Tumbles After Volatile Week

17 Nov 2017 at 5 PM - Written by Ben Hughes

GBP to ZAR Exchange Rate Tumbles After Volatile Week
Solid UK retail sales data and anticipation for Brexit developments couldn’t help the British Pound to South African Rand exchange rate to hold its ground on Friday. Weakness in the US Dollar (USD) led emerging market currencies like the Rand to strengthen. The pair saw volatile trade for most of the week. GBP/ZAR began the week at the...

CATEGORIES: Pound Rand Forecasts

GBP to EUR Exchange Rate Edges Higher Despite Solid Eurozone PMIs

6 Nov 2017 at 12 PM - Written by Ben Hughes

GBP to EUR Exchange Rate Edges Higher Despite Solid Eurozone PMIs
Last week saw the British Pound to Euro exchange rate briefly advance on weak Eurozone inflation, before tumbling on the Bank of England’s (BoE) dovish interest rate hike. On Monday morning the pair climbed on hopes for development in the Brexit process. Due to market surprise with the Bank of England’s (BoE) dovishness, the GBP/EUR...

CATEGORIES: Pound Euro Forecasts

GBP/INR Exchange Rate Rises as UK Services Sector Posts Unexpected Growth

3 Nov 2017 at 11 AM - Written by Ben Hughes

GBP/INR Exchange Rate Rises as UK Services Sector Posts Unexpected Growth
Today’s GBP/INR movement is largely a recovery effort for the Pound, given how far it fell on Thursday. When the news came that the Bank of England (BoE) might not be considering more near-term interest rate hikes, the Pound fell sharply against the Indian Rupee. The pairing opened trading on Thursday in the region of 85.6284, later...

CATEGORIES: Pound Rupee Forecasts

GBP to USD Exchange Rate Slides as Investors Await US Growth Stats

27 Oct 2017 at 11 AM - Written by Ben Hughes

GBP to USD Exchange Rate Slides as Investors Await US Growth Stats
Investors are becoming increasingly optimistic about the chances of a December Federal Reserve interest rate hike and are more uncertain about the possibility of a Bank of England (BoE) rate hike in November, which has caused the British Pound to US Dollar exchange rate to plunge. At the time of writing this article, the GBP/USD exchange...

CATEGORIES: Pound Dollar Forecasts

GBP to EUR Exchange Rate Recovers Despite Lower Pound Outlook

20 Oct 2017 at 11 AM - Written by Ben Hughes

GBP to EUR Exchange Rate Recovers Despite Lower Pound Outlook
After tumbling for most of the week on Brexit concerns and pessimism about Britain’s economic outlook, the British Pound to Euro exchange rate has bounced back from its lows. Market jitters about tension between Spain and Catalonia have weakened the Euro slightly. Despite making a decent advance last week, GBP/EUR has shed all of those...

CATEGORIES: Pound Euro Forecasts