Latest Articles by David Woodsmith

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

GBP/NZD Exchange Rate Rises Today after US Dollar Drop

13 Sep 2018 at 3 PM - Written by David Woodsmith

GBP/NZD Exchange Rate Rises Today after US Dollar Drop
On Wednesday, the Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate opened in the region of NZ$1.9979 and closed down lower around NZ$1.9877. This overall decline in the GBP/NZD exchange rate was caused by GBP trader uncertainty about the Brexit process. European Commission President Jean-Claude Juncker was responsible for an...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound Sterling to New Zealand Dollar (GBP/NZD) Exchange Rate Rises Over Two-Year High on UK Wage Data

11 Sep 2018 at 4 PM - Written by David Woodsmith

Pound Sterling to New Zealand Dollar (GBP/NZD) Exchange Rate Rises Over Two-Year High on UK Wage Data
On Monday, the Pound to New Zealand Dollar exchange rate opened in the region of NZ$1.9781 and closed higher at a level of NZ$1.9979. This appreciation was down to growing signs that Brexit talks could be wrapped up by November – EU Chief Negotiator Michel Barnier was responsible for such assumptions. Proving how big an issue a...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to INR Exchange Rate Jumps to Yearly High Thanks to Barnier’s Brexit Comments

10 Sep 2018 at 3 PM - Written by David Woodsmith

GBP to INR Exchange Rate Jumps to Yearly High Thanks to Barnier’s Brexit Comments
The Pound’s bullishness continued on Monday, thanks to yet more bullishness from EU Chief Negotiator Michel Barnier. Barnier’s comments helped the British Pound to Indian Rupee (GBP/INR) exchange rate to touch its best levels in over a year, as the Indian Rupee continues to see broad losses. Last week saw GBP/INR climb solidly thanks...

CATEGORIES: Pound Rupee Forecasts

EUR to GBP Exchange Rate On Track to Sustain Gains This Week Despite Strong UK Data

17 Aug 2018 at 9 AM - Written by David Woodsmith

EUR to GBP Exchange Rate On Track to Sustain Gains This Week Despite Strong UK Data
While this week’s Eurozone data was fairly mixed and the week’s UK data was generally better than analysts expected, the Euro to British Pound (EUR/GBP) exchange rate may be on track to register its third consecutive week of gains. However, it’s also still possible for the Euro to weaken depending on Friday news. Due to some mixed...

CATEGORIES: Euro Pound Forecasts

GBP to AUD Exchange Rate Continues to Tumble on Reserve Bank of Australia’s (RBA) Optimistic Outlook

7 Aug 2018 at 2 PM - Written by David Woodsmith

GBP to AUD Exchange Rate Continues to Tumble on Reserve Bank of Australia’s (RBA) Optimistic Outlook
A combination of both domestic and global factors have helped the Australian Dollar to see slightly stronger demand this week so far, and the risky commodity-correlated currency has easily registered gains against the Pound, with the British Pound to Australian Dollar (GBP/AUD) exchange rate hitting its worst levels in over a month. Could...

CATEGORIES: Pound Australian Dollar Forecasts

GBP AUD Exchange Rate Capitalises on Market Jitters Over US Protectionism

23 Jul 2018 at 4 PM - Written by David Woodsmith

GBP AUD Exchange Rate Capitalises on Market Jitters Over US Protectionism
The Pound Sterling Australian Dollar exchange rate surged higher on Monday afternoon as market risk appetite deteriorated further. As the Chinese Yuan continued to weaken this weighed heavily on demand for the risk-sensitive Australian Dollar. Markets remain wary of the prospect of global trade tensions continuing to escalate thanks to...

CATEGORIES: Pound Australian Dollar Forecasts

Pound Sterling to Swiss Franc News: GBP/CHF Exchange Rate Drops -0.3% on Poor UK Sales Stats

19 Jul 2018 at 4 PM - Written by David Woodsmith

Pound Sterling to Swiss Franc News: GBP/CHF Exchange Rate Drops -0.3% on Poor UK Sales Stats
Wednesday’s trading session saw the Pound to Swiss Franc exchange rate open around 1.3090 and closed down lower at 1.3063. While a relatively minor shift, this GBP/CHF exchange rate drop was indicative of a week of poor pairing movement. Following on from Tuesday’s slowing UK wage growth figures, Wednesday saw the release of...

CATEGORIES: Pound Swiss Franc Forecasts

GBP to USD Exchange Rate Ends Week Near Weekly High on US Wage Disappointment

6 Jul 2018 at 5 PM - Written by David Woodsmith

GBP to USD Exchange Rate Ends Week Near Weekly High on US Wage Disappointment
Last week was a relatively bearish one for the US Dollar, as trade jitters and the latest US data caused investors to sell the currency. The British Pound to US Dollar (GBP/USD) exchange rate was one of the few major Pound pairs to advance throughout the week. After opening the week at the level of 1.3206, GBP/USD briefly slipped into the...

CATEGORIES: Pound Dollar Forecasts

AUD to NZD Exchange Rate Slips as Australian Trade Data Disappoints

4 Jul 2018 at 10 AM - Written by David Woodsmith

AUD to NZD Exchange Rate Slips as Australian Trade Data Disappoints
The latest Australian trade data proved disappointing, leaving the Australian Dollar New Zealand Dollar (AUD/NZD) exchange rate on a weaker footing. Investors were not impressed to find that the trade surplus was narrower than forecast in May, with April’s figure also seeing a downward revision. June’s Australian services PMI also...

CATEGORIES: Australian Dollar Forecasts

Daily GBP/AUD Exchange Rate News: Pound Sterling Declines as Brexit Fears Take Hold

27 Jun 2018 at 3 PM - Written by David Woodsmith

Daily GBP/AUD Exchange Rate News: Pound Sterling Declines as Brexit Fears Take Hold
GBP/AUD Exchange Rate Drops -0.4% on Concerns over Brexit Progress The Pound (GBP) has made moderate losses against the Australian Dollar (AUD) today, in addition to falling against most other currency peers. This poor performance is down to growing concerns that there has not been enough progress in Brexit talks this year. For...

CATEGORIES: Pound Australian Dollar Forecasts