Latest Articles by Ben Hughes

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

GBP to ZAR Exchange Rate Recovery Continues Despite Fresh Brexit Jitters

14 Dec 2018 at 10 AM - Written by Ben Hughes

GBP to ZAR Exchange Rate Recovery Continues Despite Fresh Brexit Jitters
Despite Sterling sliding against many major currencies on Friday morning, the British Pound to South African Rand (GBP/ZAR) exchange rate rebounded. Investors sold risky emerging market currencies like the South African Rand amid concerns about slowing global growth, as well as expectations for a Federal Reserve interest rate hike next...

CATEGORIES: Pound Rand Forecasts

GBP to USD Exchange Rate Recovery from 2018 Lows Slows as Brexit Retakes Focus in UK Politics

13 Dec 2018 at 4 PM - Written by Ben Hughes

GBP to USD Exchange Rate Recovery from 2018 Lows Slows as Brexit Retakes Focus in UK Politics
Despite Wednesday evening’s news that UK Prime Minister Theresa May had successfully seen off a no confidence vote from her Conservative Party, the British Pound to US Dollar (GBP/USD) exchange rate struggled to recover much further on Thursday. Instead, the US Dollar was supported slightly by the latest US data. Since opening this week...

CATEGORIES: Pound Dollar Forecasts

Pound to Euro (GBP/EUR) Exchange Rate Struggles to Climb as Brexit Fears Persist and German Data Improves

6 Dec 2018 at 9 PM - Written by Ben Hughes

Pound to Euro (GBP/EUR) Exchange Rate Struggles to Climb as Brexit Fears Persist and German Data Improves
The Pound Sterling (GBP) outlook could change significantly over the next few weeks – with one of the most pivotal Brexit developments events set for next week. As a result, investors are hesitant to keep buying the British Pound to Euro (GBP/EUR) exchange rate and the pair shed most of its Wednesday recovery attempt overnight. Since...

CATEGORIES: Pound Euro Forecasts

GBP/USD Edges Away from Worst Levels on UK Prime Minister Reassurances

17 Nov 2018 at 8 AM - Written by Ben Hughes

GBP/USD Edges Away from Worst Levels on UK Prime Minister Reassurances
Due to a combination of political turmoil in Britain, as well as some solid US data, the British Pound to US Dollar (GBP/USD) exchange rate plummeted on Thursday. Friday saw the pair rebound just slightly as markets cooled – but many analysts believe that this may be just the beginning of the Pound’s late-year political woes. After...

CATEGORIES: Pound Dollar Forecasts

GBP to USD Exchange Rate Slides as Brexit Worries and Solid US Data Keep Up the Pressure

30 Oct 2018 at 2 PM - Written by Ben Hughes

GBP to USD Exchange Rate Slides as Brexit Worries and Solid US Data Keep Up the Pressure
Despite attempts from the UK Treasury to be optimistic during Britain’s Autumn Budget, the British Pound to US Dollar (GBP/USD) exchange rate tumbled again today. This was due to broad Brexit fears, as well as strong US data and some lingering market demand for safe haven currencies. Could GBP/USD be on track for another week of losses?...

CATEGORIES: Pound Dollar Forecasts

EUR/USD Exchange Rate News: Euro Steady on News of Eurozone Construction Slowdown

19 Sep 2018 at 4 PM - Written by Ben Hughes

EUR/USD Exchange Rate News: Euro Steady on News of Eurozone Construction Slowdown
On Tuesday, the Euro opened trading against the US Dollar at a level of $1.1669 and after a day of fluctuation, closed slightly higher around $1.1679. The Euro did rise to a high of $1.1716 during the day, but failed to maintain such a favourable exchange rate for the rest of daily trading. Euro to US Dollar (EUR/USD) Exchange Rate...

CATEGORIES: Euro Forecasts

GBP/AUD Exchange Rate Drops -0.5% after Emergency Brexit Plans Drain Trader Confidence

24 Aug 2018 at 2 PM - Written by Ben Hughes

GBP/AUD Exchange Rate Drops -0.5% after Emergency Brexit Plans Drain Trader Confidence
On Thursday, the Pound to Australian Dollar (GBP/AUD) exchange rate opened in the region of AU$1.7592 and closed up higher around AU$1.7677. This appreciation came after the reveal of government plans for a no-deal Brexit, although the day’s GBP/AUD exchange rate rise was primarily because of Australian Dollar weakness. Brexit Impact...

CATEGORIES: Pound Australian Dollar Forecasts

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