Latest Articles by David Woodsmith

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

GBP to JPY Exchange Rate Avoids Losses Ahead of Anticipated Central Bank Developments

18 Sep 2019 at 4 PM - Written by David Woodsmith

GBP to JPY Exchange Rate Avoids Losses Ahead of Anticipated Central Bank Developments
Despite a surge in demand for safe haven currencies like the Japanese Yen at the beginning of the week, the British Pound to Japanese Yen (GBP/JPY) exchange rate has already recovered those losses and has been more or less holding its ground ahead of expected central bank developments in the coming days. Brexit hopes and higher...

CATEGORIES: Pound Yen Forecasts

GBP to NZD Exchange Rate Surges to Monthly Best on Reserve Bank of New Zealand’s Shocking Rate Cut

7 Aug 2019 at 1 PM - Written by David Woodsmith

GBP to NZD Exchange Rate Surges to Monthly Best on Reserve Bank of New Zealand’s Shocking Rate Cut
Due to global trade tensions and central bank speculation, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has seen stronger movement since its recovery last week. Overnight, a shockingly deep interest rate cut from the Reserve Bank of New Zealand (RBNZ) caused the New Zealand Dollar to plummet, making further recovery for the...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to AUD Exchange Rate Rebound Continues on Reserve Bank of Australia Jitters

26 Jul 2019 at 1 PM - Written by David Woodsmith

GBP to AUD Exchange Rate Rebound Continues on Reserve Bank of Australia Jitters
After seeing steep losses for most of the past month, the British Pound to Australian Dollar (GBP/AUD) saw a solid rebound this week. As investors bought the Brexit battered Pound back from its cheapest levels in profit taking, it was able to benefit from broad weakness in the Australian Dollar as Reserve Bank of Australia (RBA) interest rate...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to RUB Exchange Rate’s Rebound from Yearly Low Limited by Brexit Fear and Mixed Russian Data

17 Jul 2019 at 5 PM - Written by David Woodsmith

GBP to RUB Exchange Rate’s Rebound from Yearly Low Limited by Brexit Fear and Mixed Russian Data
Investors bought the British Pound to Russian Ruble (GBP/RUB) exchange rate back slightly from its worst levels today. The Pound’s days of losses finally cooled, and the Russian Ruble was less appealing following the publication of Russia’s latest mixed data. Despite this slight rebound though, the pair remains close to its worst levels...

CATEGORIES: Forecasts

GBP to USD Exchange Rate Rebounds from 2-Year-Worst as Federal Reserve Rate Cut Bets Dominate Outlook

12 Jul 2019 at 1 PM - Written by David Woodsmith

GBP to USD Exchange Rate Rebounds from 2-Year-Worst as Federal Reserve Rate Cut Bets Dominate Outlook
While it initially seemed as though the British Pound to US Dollar (GBP/USD) exchange rate was on track for a second consecutive week of losses this week, the US Dollar saw yet another onset of weakness towards the end of the week. This helped the pair to recover, as US Dollar investors await further major US ecostats due next week to...

CATEGORIES: Forecasts

EUR to USD Exchange Rate Rebounds from Weekly Worst despite Mixed EUR Support

1 Jul 2019 at 1 PM - Written by David Woodsmith

EUR to USD Exchange Rate Rebounds from Weekly Worst despite Mixed EUR Support
Due to some stronger than expected Eurozone data, concerns about this morning’s worse than expected Eurozone factory data lightened and the Euro to US Dollar (EUR/USD) exchange rate was able to rebound from its worst levels in over a week. The US Dollar remained stronger overall though, as investors digested the weekend’s US-China trade...

CATEGORIES: American Dollar Forecasts Euro Forecasts

USD to JPY Exchange Rate Tumbles as Markets Bet on July Interest Rate Cut from Federal Reserve

20 Jun 2019 at 11 AM - Written by David Woodsmith

USD to JPY Exchange Rate Tumbles as Markets Bet on July Interest Rate Cut from Federal Reserve
Despite the Bank of Japan (BoJ) also warning of mounting global risks, the US Dollar to Japanese Yen (USD/JPY) exchange rate has tumbled to its worst levels since January this week due largely to Central Bank speculation. Rising bets that the Federal Reserve will cut US interest rates next month are keeping the pair under pressure, despite...

CATEGORIES: American Dollar Forecasts Japanese Yen Forecasts

EUR to USD Exchange Rate Continues to Slide despite Fed Interest Rate Cut Bets

14 Jun 2019 at 1 PM - Written by David Woodsmith

EUR to USD Exchange Rate Continues to Slide despite Fed Interest Rate Cut Bets
While concerns persist about the worsening US economic outlook and rising Federal Reserve interest rate cut bets, the Euro to US Dollar (EUR/USD) exchange rate has fallen this week. Investors are too concerned about the possibility of a more dovish European Central Bank (ECB) to buy the Euro versus the safe haven US Dollar. After a...

CATEGORIES: American Dollar Forecasts Euro Forecasts

GBP to CAD Exchange Rate Fluctuating on US Trade Tensions and Mixed Canadian Data

3 Jun 2019 at 1 PM - Written by David Woodsmith

GBP to CAD Exchange Rate Fluctuating on US Trade Tensions and Mixed Canadian Data
While the Pound slipped against many major currencies last week, the British Pound to Canadian Dollar (GBP/CAD) exchange rate was able to avoid significant losses due to various factors like trade and Canadian growth dampening market demand for the relatively risky trade-correlated Canadian currency. Instead, GBP/CAD opened the week at the...

CATEGORIES: Pound Canadian Dollar Forecasts

EUR to USD Exchange Rate Flounders Near May Worst as Currencies Recoil

20 May 2019 at 4 PM - Written by David Woodsmith

EUR to USD Exchange Rate Flounders Near May Worst as Currencies Recoil
Amid mixed economic outlooks for both the Eurozone and the US, the Euro to US Dollar (EUR/USD) exchange rate’s movement has been mixed in recent weeks and the pair continued to fluctuate when markets opened yesterday. Ultimately though, the Euro is struggling to recover from its worst levels all month as investors become anxious ahead of...

CATEGORIES: American Dollar Forecasts Euro Forecasts