Latest Articles by David Woodsmith

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

GBP to AUD Exchange Rate Fails to Sustain Recovery Attempt as UK Economic Outlook Unchanged

24 May 2018 at 5 PM - Written by David Woodsmith

GBP to AUD Exchange Rate Fails to Sustain Recovery Attempt as UK Economic Outlook Unchanged
A strong UK retail sales report on Thursday was not enough to make the British Pound to Australian Dollar (GBP/AUD) exchange rate particularly more appealing. Instead, Sterling investors anticipated Britain’s latest Q1 growth projections, due Friday, while the Australian Dollar benefitted from weakness in the US Dollar (USD). Following...

CATEGORIES: Pound Australian Dollar Forecasts

GBP CAD Exchange Rate Pushes Higher Despite Forecasts for Weaker UK Wage Growth

14 May 2018 at 4 PM - Written by David Woodsmith

GBP CAD Exchange Rate Pushes Higher Despite Forecasts for Weaker UK Wage Growth
Even in the absence of any fresh domestic data the mood towards the Pound picked up sharply at the start of the week, driving the Pound Canadian Dollar (GBP/CAD) exchange rate higher. As the initial negative impact of the Bank of England’s (BoE) May policy meeting has continued to fade investors found reason to buy back into the weakened...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Holds Above Worst Levels as Bank of Canada Weakens ‘Loonie’

19 Apr 2018 at 1 PM - Written by David Woodsmith

GBP to CAD Exchange Rate Holds Above Worst Levels as Bank of Canada Weakens ‘Loonie’
Both the Pound and Canadian Dollar have become unappealing in recent sessions, causing fluctuations in the British Pound to Canadian Dollar (GBP/CAD) exchange rate. Still, overall the Pound outlook appeared to have worsened more due to disappointing UK inflation data weighing on Bank of England (BoE) interest rate hike bets. A broadly...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to USD Exchange Rate Continues to Gain on Solid Bank of England (BoE) Interest Rate Hike Bets

10 Apr 2018 at 10 AM - Written by David Woodsmith

GBP to USD Exchange Rate Continues to Gain on Solid Bank of England (BoE) Interest Rate Hike Bets
Amid solid UK housing data and hawkish comments from Bank of England (BoE) officials, the British Pound to US Dollar (GBP/USD) exchange rate has seen solid gains in recent sessions. US Dollar demand has been mixed due to trade uncertainties, despite attempts to calm persistent ‘trade war’ fears. After gaining from 1.4013 to 1.4085 last...

CATEGORIES: Pound Dollar Forecasts

‘Aussie’ Dollar Capitalises on USD Weakness – GBP/AUD Exchange Rate Trades Lower

23 Mar 2018 at 4 PM - Written by David Woodsmith

‘Aussie’ Dollar Capitalises on USD Weakness – GBP/AUD Exchange Rate Trades Lower
EU Leaders Approve Brexit Transition Terms – GBP/AUD Exchange Rate Fails to Capitalise The Pound Australian Dollar (GBP/AUD) exchange rate traded lower on Friday, failing to fully capitalise on news that EU member states have officially approved the terms of Britain’s Brexit transition period – a big step forward in negotiations....

CATEGORIES: Pound Australian Dollar Forecasts

EUR/USD Exchange Rate Update: Lower ZEW Confidence Scores Drag Euro Down

20 Mar 2018 at 3 PM - Written by David Woodsmith

EUR/USD Exchange Rate Update: Lower ZEW Confidence Scores Drag Euro Down
During Monday’s trading session, the Euro to US Dollar exchange rate rose from an initial opening level of 1.2276 in the morning to trade higher around 1.2337 by the evening. Eurozone news on Monday was mixed – while the trade surplus for January shrank significantly, levels of construction output were reported higher than...

CATEGORIES: Euro Forecasts

GBP to EUR Exchange Rate Fluctuates Near Three-Month-Low on Post-Brexit Trade Uncertainties

7 Mar 2018 at 5 PM - Written by David Woodsmith

GBP to EUR Exchange Rate Fluctuates Near Three-Month-Low on Post-Brexit Trade Uncertainties
Market concerns about a disagreement between the UK and EU on Brexit negotiation stances weighed heavily on the British Pound to Euro (GBP/ER) exchange rate on Wednesday, but the pair held above its worst weekly levels despite this. So far this week, mixed demand for the Pound and a lack of reasons to buy the Euro has left GBP/EUR largely...

CATEGORIES: Pound Euro Forecasts

Pound Japanese Yen (GBP/JPY) Exchange Rate Trades Narrowly amid Poor UK Factory Growth

1 Mar 2018 at 5 PM - Written by David Woodsmith

Pound Japanese Yen (GBP/JPY) Exchange Rate Trades Narrowly amid Poor UK Factory Growth
UK Factory Growth & Brexit Negotiation Tumult Limits Pound (GBP) Exchange Rates The Pound Japanese Yen (GBP/JPY) exchange rate traded within a narrow band on Thursday with both currencies limited by poor domestic data releases from their respective nations. For the UK it was factory growth, with the latest purchasing managers’ index...

CATEGORIES: Pound Yen Forecasts

Euro Pound (EUR/GBP) Exchange Rate Trades Lower as Eurozone Inflation Prints Soft

23 Feb 2018 at 1 PM - Written by David Woodsmith

Euro Pound (EUR/GBP) Exchange Rate Trades Lower as Eurozone Inflation Prints Soft
Eurozone Consumer Prices Slip – Euro Pound (EUR/GBP) Exchange Rates Fall The Euro Pound (EUR/GBP) exchange rate traded lower on Friday, falling as markets responded to a round of disappointing consumer price index (CPI) prints for the bloc. According to Eurostat, inflation in the bloc pulled even further from the European Central...

CATEGORIES: Euro Pound Forecasts

EUR to USD Exchange Rate Nears Multi-Year Highs as US Data Fails to Support US Dollar

15 Feb 2018 at 5 PM - Written by David Woodsmith

EUR to USD Exchange Rate Nears Multi-Year Highs as US Data Fails to Support US Dollar
Strong Eurozone data and rising market expectations for global growth to improve in 2018 and beyond has left the Euro to US Dollar (EUR/USD) exchange rate an appealing buy. Investors are brushing over strong US data due to bets of increasingly sturdy global growth. Despite falling from 1.2460 to 1.2251 last week amid a resurgent US Dollar,...

CATEGORIES: Euro Forecasts