Latest Articles by David Woodsmith

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

Worrying BoE Agents Report leads to GBP AUD Exchange Rate Slump

20 Sep 2017 at 12 PM - Written by David Woodsmith

Worrying BoE Agents Report leads to GBP AUD Exchange Rate Slump
Forecast-beating growth in UK retail sales have failed to prevent the Pound sliding against the Australian Dollar. Yesterday, the Pound opened trading in the area of 1.6954 but closed down against the Australian Dollar at 1.6875. Pound Slides over Mixed Messages for UK Interest Rate Hike The Pound to Australian Dollar losses reported...

CATEGORIES: Pound Australian Dollar Forecasts

EUR to GBP Exchange Rate Drops as UK Retail Sales Impress

20 Sep 2017 at 11 AM - Written by David Woodsmith

EUR to GBP Exchange Rate Drops as UK Retail Sales Impress
While recent Eurozone data has been relatively optimistic, the Euro has been unable to hold its ground due to increased market hawkishness on the Pound. The Euro to British Pound exchange rate has fallen due to strong UK retail sales data today. Last week’s huge EUR/GBP drop from 0.9120 to 0.8789 was caused by Bank of England (BoE) news....

CATEGORIES: Euro Pound Forecasts

Daily USD GBP Update: US Dollar Picks Up on UK Trader Uncertainties

14 Sep 2017 at 11 AM - Written by David Woodsmith

Daily USD GBP Update: US Dollar Picks Up on UK Trader Uncertainties
Yesterday, the US Dollar advanced against the Pound from an opening exchange rate of 0.7524 to close in the region 0.7570. US Dollar Update: ‘Dreamers’ Deal Provides Temporary Respite The US Dollar has made a minor advance against the Pound today, although this is partly due to the Pound being a weak currency at the present...

CATEGORIES: Dollar Pound Forecasts

Mid-Week Pound to New Zealand Dollar Outlook: NZ Election Jitters Limit NZD Upside

14 Sep 2017 at 7 AM - Written by David Woodsmith

Mid-Week Pound to New Zealand Dollar Outlook: NZ Election Jitters Limit NZD Upside
The pound to New Zealand dollar exchange rate remains on a negative bias on Thursday 14th September, quoted at 1.82277 (07:30 GMT). After making strong gains in the wake of the latest UK inflation data GBP/NZD returned to a weaker footing. While the Pound surged higher across the board on Tuesday it struggled to sustain this bullishness...

CATEGORIES: Daily Currency Updates New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts Pound Sterling Forecasts

Canadian Dollar Outperforms the British Pound, Euro and US Dollar as "CAD Retains Strong Technical, Fundamental Undertone"

12 Sep 2017 at 8 AM - Written by David Woodsmith

Canadian Dollar Outperforms the British Pound, Euro and US Dollar as "CAD Retains Strong Technical, Fundamental Undertone"
"The CAD has risen more than 11% against the USD. Too much, too quickly? Possibly; CAD may steady in the short run but there is no real sign of valuation stretch in the decline in USDCAD at this point. Our high-frequency fair value model suggests a fundamental equilibrium of 1.1920 or so for USDCAD currently, which largely reflects the yield/...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Pound Canadian Dollar Forecasts Pound Sterling Forecasts

Pound to Rand Exchange Rate Forecast, Key Data to Watch Over Next Five Days

5 Sep 2017 at 7 AM - Written by David Woodsmith

Pound to Rand Exchange Rate Forecast, Key Data to Watch Over Next Five Days
The pound to rand exchange rate has been in steady decline from early August highs where the pair touched 1 GBP = 17.51. GBP/ZAR, on Tuesday 5th September, is quoted at 16.76288. Decent UK data was not able to help the British Pound to hold its ground. The pair slipped due to strong South African trade and manufacturing results despite...

CATEGORIES: Currency Predictions Pound Rand Forecasts Pound Sterling Forecasts South African Rand Forecasts

Pound to Canadian Dollar Exchange Rate Tipped to FALL on Brexit / Oil Prices

27 Aug 2017 at 8 AM - Written by David Woodsmith

Pound to Canadian Dollar Exchange Rate Tipped to FALL on Brexit / Oil Prices
The pound to Canadian dollar exchange rate could be set to tumble according to the latest forecasts by CBA on Friday 25th August. The foreign exchange strategists suggest the pound sterling could be heading towards multi-year lows in the coming months. We recommend investors sell GBP/CAD at current levels (1.6025) with a target of...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Pound Canadian Dollar Forecasts

Pound to Australian Dollar Exchange Rate News: AUD Vulnerable to Wider Marker Sentiment

25 Aug 2017 at 7 AM - Written by David Woodsmith

Pound to Australian Dollar Exchange Rate News: AUD Vulnerable to Wider Marker Sentiment
The pound to Australian dollar exchange rate is holding steady on Friday 25th August, quoted at 1.62082 ahead of the day's key event, the Jackson Hole Symposium. In the absence of any fresh UK data the GBP/AUD lacked any particular momentum during this week's session on foreign exchange markets. While the Conservative government...

CATEGORIES: Daily Currency Updates Pound Australian Dollar Forecasts

Quite Trade sees Pound to Canadian Dollar Exchange Rate Near Opening Levels - Retail Sales Tomorrow

21 Aug 2017 at 1 PM - Written by David Woodsmith

Quite Trade sees Pound to Canadian Dollar Exchange Rate Near Opening Levels - Retail Sales Tomorrow
The live Pound to Canadian Dollar exchange rate on Monday August 21 is quoted at 1.62108, a value that has little changed over the course of the day. With little data released today, all eyes will be on Tuesday's retail sales print. According to Scotiabank foreign exchange analysts, "CAD is quiet, consolidating in a tight range around...

CATEGORIES: Pound Canadian Dollar Forecasts

Widening UK Trade Deficit Limits GBP CAD Exchange Rate Gains

10 Aug 2017 at 1 PM - Written by David Woodsmith

Widening UK Trade Deficit Limits GBP CAD Exchange Rate Gains
An unexpected widening of the UK trade deficit weighed on the Pound Canadian Dollar exchange rate, even though a general sense of risk aversion prevented any particular weakness. Markets were not impressed to see this fresh deterioration in the UK’s trade balance, however, as uncertainty over Brexit continues to hang over the domestic...

CATEGORIES: Pound Canadian Dollar Forecasts