Latest Articles by David Woodsmith

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

GBP to CAD Exchange Rate’s Sudden Monday Rebound Could Continue as CAD Slumps

16 Mar 2020 at 3 PM - Written by David Woodsmith

GBP to CAD Exchange Rate’s Sudden Monday Rebound Could Continue as CAD Slumps
The Pound continues to see broadly mixed movement this week so far, but due to considerable weakness in the Canadian Dollar the British Pound to Canadian Dollar (GBP/CAD) exchange rate has been able to rebound from its worst levels. Concerns over the coronavirus outbreak have hit the Canadian Dollar especially hard as they are also causing...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CHF Exchange Rate Near 4-Month-Worst as Safe Havens March Higher

3 Mar 2020 at 3 PM - Written by David Woodsmith

GBP to CHF Exchange Rate Near 4-Month-Worst as Safe Havens March Higher
Attempts from officials to offer reassurance over the coronavirus crisis have failed to impress financial markets today, and persisting safe haven demand kept the British Pound to Swiss Franc (GBP/CHF) exchange rate near its recent lows. The Pound outlook has been throttled by revived hard Brexit fears, as well as fresh concerns that Covid-19...

CATEGORIES: Pound Swiss Franc Forecasts

Japanese Yen Rate Today: Weak GDP Data from Japan Adds to the Concerns for the Global Economy

17 Feb 2020 at 2 PM - Written by David Woodsmith

Japanese Yen Rate Today: Weak GDP Data from Japan Adds to the Concerns for the Global Economy
Q4 data has been patchy, with Germany and China especially concerning. Japanese data released Monday shows GDP growth at -1.6% QoQ. Recession is probable and ING call 2020 GDP growth at -1.1%. What is especially worrying is that the data does not yet reflect the impact of the coronavirus and the effects could be significant. Looking...

CATEGORIES: Japanese Yen Forecasts

GBP to AUD Exchange Rate Regains Weekly Losses as Australian Growth Slips

4 Dec 2019 at 3 PM - Written by David Woodsmith

GBP to AUD Exchange Rate Regains Weekly Losses as Australian Growth Slips
Earlier in the week, mixed UK election polling and a surprisingly neutral tone from the Reserve Bank of Australia (RBA) left the British Pound to Australian Dollar (GBP/AUD) exchange rate tumbling. However, since then investors have become more confident in the UK political outlook once again, and the Australian Dollar has been knocked lower...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to CAD Exchange Rate Sheds Almost Half of Last Week’s Gains despite Weak Canadian Data

24 Oct 2019 at 11 AM - Written by David Woodsmith

GBP to CAD Exchange Rate Sheds Almost Half of Last Week’s Gains despite Weak Canadian Data
Despite recent Canadian data falling short of expectations, they haven’t done much to offset hopes that the Bank of Canada (BoC) will avoid interest rate cuts in the coming months and this combined with Brexit uncertainty has left the British Pound to Canadian Dollar (GBP/CAD) exchange rate weaker this week. The Pound’s fresh weakness on...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CHF Exchange Rate Plummets to Monthly Low as Sterling’s Brexit Woes Return

8 Oct 2019 at 5 PM - Written by David Woodsmith

GBP to CHF Exchange Rate Plummets to Monthly Low as Sterling’s Brexit Woes Return
Due to a combination of fresh no-deal Brexit fears and market safe haven demand, the British Pound to Swiss Franc (GBP/CHF) exchange rate slumped today. The Swiss Franc was able to easily capitalise on the Pound’s poor performance, but this was more due to global news and risk-sentiment than any domestic support for the Swiss...

CATEGORIES: Pound Swiss Franc Forecasts

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