Latest Articles by David Woodsmith

The most recent currency news items written by author David Woodsmith.

GBP to CAD Exchange Rate Climbs on Brexit Hopes Despite Risk-Sentiment

31 Dec 2018 at 12 PM - Written by David Woodsmith

GBP to CAD Exchange Rate Climbs on Brexit Hopes Despite Risk-Sentiment
Despite rising market confidence that tensions between the US and China were lightening, the British Pound to Canadian Dollar (GBP/CAD) exchange rate saw modest gains on Monday morning. Brexit speculation helped Sterling to gain, despite the Canadian Dollar finding some support in slightly stronger market risk-sentiment. Last week was a...

CATEGORIES: Pound Canadian Dollar Forecasts

US Canadian Dollar Exchange Rate Tumbles Ahead of Federal Reserve Decision

20 Dec 2018 at 9 AM - Written by David Woodsmith

US Canadian Dollar Exchange Rate Tumbles Ahead of Federal Reserve Decision
Despite a combination of weaker than expected Canadian inflation data, as well as oil prices recently hitting their worst levels in over a year, the US Dollar to Canadian Dollar (USD/CAD) exchange rate slipped on Wednesday afternoon as investors anticipated the Federal Reserve’s December policy decision. Since opening this week at the...

CATEGORIES: American Dollar Forecasts Canadian Dollar Forecasts

Pound to New Zealand Dollar Exchange Rate: GBP/NZD Tests 2018 Lows as UK PM May Attempts to Delay Parliament Vote

11 Dec 2018 at 2 PM - Written by David Woodsmith

Pound to New Zealand Dollar Exchange Rate: GBP/NZD Tests 2018 Lows as UK PM May Attempts to Delay Parliament Vote
GBP/NZD Exchange Rate Edges Back Above NZ$1.83   While Brexit uncertainty remains rife following PM Theresa May’s decision to cancel the parliamentary vote, the Pound was able to stabilise on Tuesday, with the Pound Sterling New Zealand dollar (GBP/NZD) exchange rate recouping almost 0.3%. The Pound’s recovery against currencies...

CATEGORIES: Pound New Zealand Dollar Forecasts

British Pound to Euro Exchange Rate Falls on Trump’s Dig at Brexit Agreement

27 Nov 2018 at 2 PM - Written by David Woodsmith

British Pound to Euro Exchange Rate Falls on Trump’s Dig at Brexit Agreement
Pound Euro (GBP/EUR) Exchange Rate Falls on Trump’s Dig at Brexit Agreement The Pound Euro (GBP/EUR) exchange rate dropped today, and is currently trading at €1.1273, after US President Donald Trump criticised the Brexit withdrawal agreement and raised doubts about future US-UK trade. EUR found strength this week after Italy showed...

CATEGORIES: Pound Euro Forecasts

Pound-to-Dollar Outlook: GBP/USD Rate Soars on Brexit News

27 Nov 2018 at 2 PM - Written by David Woodsmith

Pound-to-Dollar Outlook: GBP/USD Rate Soars on Brexit News
Pound Sterling to US Dollar (GBP/USD) Exchange Rate Surges on Brexit News The Pound Sterling US Dollar (GBP/USD) exchange rate surged around 0.7% today and is currently trading at USD$1.2870 after favourable Brexit news following Wednesday’s meeting between Prime Minister Theresa May and EC President Jean-Claude Juncker. USD meanwhile...

CATEGORIES: Pound Dollar Forecasts

GBP/AUD Outlook: Pound Slips vs Aussie Dollar as Brexit Tensions and Public Borrowing Figures Leave Sterling Weakened

27 Nov 2018 at 2 PM - Written by David Woodsmith

GBP/AUD Outlook: Pound Slips vs Aussie Dollar as Brexit Tensions and Public Borrowing Figures Leave Sterling Weakened
Pound Australian Dollar (GBP/AUD) Exchange Rate Hit after Public Borrowing Figures Highest in Three Years The Pound Australian Dollar (GBP/AUD) exchange rate took a hit today after worse-than-expected UK public sector borrowing figures were published by the Office for National Statistics. Today UK Prime Minister Theresa May is due to meet...

CATEGORIES: Pound Australian Dollar Forecasts

Pound to Dollar Exchange Rate: May’s Brexit Draft Discussions Steady Sterling

19 Nov 2018 at 4 PM - Written by David Woodsmith

Pound to Dollar Exchange Rate: May’s Brexit Draft Discussions Steady Sterling
GBP/USD Exchange Rate Finds Footing during Lull in Brexit News The Pound US Dollar (GPB/USD) exchange rate saw something of a recovery today, with Sterling up 0.3% against the ‘Greenback’, and currently trading at $1.28. As Prime Minister Theresa May presses on with her Brexit deal, demonstrating resilience despite the threat of a...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound US Dollar Exchange Rate Slumps to November Low as UK Ministers Quit on Brexit Deal

17 Nov 2018 at 8 AM - Written by David Woodsmith

Pound US Dollar Exchange Rate Slumps to November Low as UK Ministers Quit on Brexit Deal
For weeks, analysts had suggested that the Pound could surge when UK-EU Brexit negotiators finally reached a deal. However, when that deal was reached this week, UK political uncertainties flared up as ministers began to resign in opposition of the deal. This left the British Pound to US Dollar (GBP/USD) exchange rate plunging. Since...

CATEGORIES: Pound Dollar Forecasts

Pound to Indian Rupee Exchange Rate (GBP/INR) Rises 0.3% on 2019 Rate Hike Hopes

1 Nov 2018 at 4 PM - Written by David Woodsmith

Pound to Indian Rupee Exchange Rate (GBP/INR) Rises 0.3% on 2019 Rate Hike Hopes
Wednesday saw the Pound open trading against the Indian Rupee at a level of INR93.6148 in the morning and later close at a higher exchange rate of INR94.5870. Yesterday saw an apparent Brexit hiccup on the part of Brexit Secretary Dominic Raab, which led to a sharp GBP/INR exchange rate rise. A letter sent by Mr Raab suggested that...

CATEGORIES: Pound Rupee Forecasts

Pound Sterling to New Zealand Dollar (GBP/NZD) Exchange Rate Drops on Latest Brexit Fears

25 Oct 2018 at 4 PM - Written by David Woodsmith

Pound Sterling to New Zealand Dollar (GBP/NZD) Exchange Rate Drops on Latest Brexit Fears
On Wednesday, the Pound fell from an opening exchange rate of NZ$1.9811 to close down lower at a level of NZ$1.9797. This depreciation was caused by high anxiety about a meeting between Prime Minister Theresa May and the 1922 Committee, a group of pro-Brexit backbench MPs. The concern at the time was that the PM might face strong...

CATEGORIES: Pound New Zealand Dollar Forecasts