Latest Articles by David Woodsmith

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

GBP to USD Exchange Rate Slumps to November Low as UK Ministers Quit on Brexit Deal

15 Nov 2018 at 2 PM - Written by David Woodsmith

GBP to USD 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

GBP/AUD Exchange Rate News: Pound to Australian Dollar Losses Caused by Falling UK Retail Sales

18 Oct 2018 at 3 PM - Written by David Woodsmith

GBP/AUD Exchange Rate News: Pound to Australian Dollar Losses Caused by Falling UK Retail Sales
Pound to Australian Dollar (GBP/AUD) Exchange Rate Losses Seen on UK Retail Sales Slowdown The Pound (GBP) has fallen in value today, making a loss of -0.3% against the Australian Dollar (AUD). In addition to supportive Australian data causing GBP/AUD exchange rate losses, the Pound has also been devalued by the latest UK retail sales...

CATEGORIES: Pound Australian Dollar Forecasts

Pound to Yen Exchange Rate News: GBP/JPY Exchange Rate Rises as DUP Threatens to Reject Budget

11 Oct 2018 at 3 PM - Written by David Woodsmith

Pound to Yen Exchange Rate News: GBP/JPY Exchange Rate Rises as DUP Threatens to Reject Budget
Wednesday saw the Pound to Japanese Yen exchange rate open in the region of ¥148.6796 and close slightly lower around ¥148.0197. This deprecation was caused by a mixed reception to the UK’s GDP growth rate data – on the plus side, 0.7% growth was reported for the 3-month average to the end of August. Less supportively, however, a...

CATEGORIES: Pound Yen Forecasts

Pound Australian Dollar Exchange Rate (GBP/AUD) Slides as UK Brexit Fears Impact Business Confidence

8 Oct 2018 at 5 PM - Written by David Woodsmith

Pound Australian Dollar Exchange Rate (GBP/AUD) Slides as UK Brexit Fears Impact Business Confidence
Last week, the Pound opened trading against the Australian Dollar at a level of AU$1.8049 and closed higher around AU$1.8582. This appreciation was brought on by hopes that the UK might still secure a workable Brexit arrangement with the EU by the November deadline, despite evidence to the contrary. Both UK and EU leaders pledged their...

CATEGORIES: Pound Australian Dollar Forecasts

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