Latest Articles by David Woodsmith

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

EUR to GBP Exchange Rate Sheds Recent Gains Ahead of UK Autumn Budget

21 Nov 2017 at 4 PM - Written by David Woodsmith

EUR to GBP Exchange Rate Sheds Recent Gains Ahead of UK Autumn Budget
Due to political uncertainty in Germany, as well as hopes for progress in the Brexit process and market anticipation for the upcoming UK Autumn Budget, the Euro to British Pound exchange rate has shed much of its recent gains. Last week saw the EUR GBP exchange rate climb from 0.8843 to 0.8922. The pair has slipped since Monday though and...

CATEGORIES: Euro Pound Forecasts

Pound US Dollar Exchange Rate Recovers Ground on Positive UK Trade Data

10 Nov 2017 at 12 PM - Written by David Woodsmith

Pound US Dollar Exchange Rate Recovers Ground on Positive UK Trade Data
A generally better-than-expected raft of UK trade and production data offered the Pound US Dollar exchange rate support ahead of the weekend. Markets were pleasantly surprised to find that September’s visible trade deficit had narrowed to -11.2 billion, rather than the -12.8 billion that had been forecast. While a significant degree...

CATEGORIES: Pound Dollar Forecasts

GBP EUR Exchange Rates Climb as Eurozone Data Proves Mixed

8 Nov 2017 at 7 AM - Written by David Woodsmith

GBP EUR Exchange Rates Climb as Eurozone Data Proves Mixed
The Pound continued its climb against the Euro this morning as markets reacted to a run of mixed Eurozone data releases, including various poor Markit retail PMI readings, a disappointing German industrial production figure, a below forecast German construction PMI and a positive leap in Eurozone retail sales. Eurozone Data Proves Mixed,...

CATEGORIES: Currency Predictions Euro Pound Forecasts

Pound to New Zealand Dollar Exchange Rate Plummets after BoE Interest Rate Hike

2 Nov 2017 at 1 PM - Written by David Woodsmith

Pound to New Zealand Dollar Exchange Rate Plummets after BoE Interest Rate Hike
Before today’s catastrophic devaluation of the Pound, the GBP/NZD pairing had been making progressive gains over the week. The Pound to New Zealand Dollar rate started off around 1.9147 on Monday, later hitting a peak of 1.9420 on Tuesday. Since then, the pairing has declined, sliding from 1.9273 to 1.9237 on Wednesday’s trading...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP USD Exchange Rates Inch Backwards Ahead of BoE Rate Announcement

2 Nov 2017 at 11 AM - Written by David Woodsmith

GBP USD Exchange Rates Inch Backwards Ahead of BoE Rate Announcement
The Pound US dollar exchange rate pared some gains this morning as markets grew increasingly skittish before the big Bank of England (BoE) widely anticipated rate announcement. GBP Exchange Rates Slide as Markets Prove Wary Ahead of BoE Decision The Pound slid against the US Dollar this morning, despite UK data releases this week...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts

GBP CAD Shrugs Off Rising Oil Prices Ahead of BoE Rate Decision

30 Oct 2017 at 1 PM - Written by David Woodsmith

GBP CAD Shrugs Off Rising Oil Prices Ahead of BoE Rate Decision
While oil prices remained on a bullish trend at the start of the week this was not enough to knock the Pound Canadian Dollar exchange rate off its uptrend. Even with Brent crude trending above the psychologically important US$60 per barrel mark a general sense of market risk aversion kept the Canadian Dollar on a weaker...

CATEGORIES: Pound Canadian Dollar Forecasts

Higher UK GDP Growth Triggers Pound to Australian Dollar Rally

25 Oct 2017 at 11 AM - Written by David Woodsmith

Higher UK GDP Growth Triggers Pound to Australian Dollar Rally
On Tuesday’s trading session, the Pound made a minor decline against the Australian Dollar. GBP opened trading in the region of 1.6902, later closing lower at 1.6888. UK GDP Growth Ticks Up, Sending Pound Soaring The Pound has been strongly supported by UK domestic data today, although it has not been especially impressive in the...

CATEGORIES: Pound Australian Dollar Forecasts

Solid Eurozone Growth Dents GBP EUR Exchange Rate

24 Oct 2017 at 9 AM - Written by David Woodsmith

Solid Eurozone Growth Dents GBP EUR Exchange Rate
Even though the latest raft of Eurozone manufacturing and services PMIs proved somewhat mixed this was not enough to keep the Pound Euro exchange rate on a stronger footing. While the German service sector showed a larger dip in activity than forecast in October the Eurozone’s powerhouse economy still demonstrated general...

CATEGORIES: Pound Euro Forecasts

GBP USD Exchange Rate Recovers Ground on Hopes for Brexit Progress

20 Oct 2017 at 12 PM - Written by David Woodsmith

GBP USD Exchange Rate Recovers Ground on Hopes for Brexit Progress
Although last night’s meeting of EU leaders yielded some positive comments this was not enough to particularly boost the Pound US Dollar exchange rate. Even so, confidence in the Pound recovered somewhat as investors took encouragement from signs that EU negotiators could start to prepare for the second phase of talks before the end of...

CATEGORIES: Pound Dollar Forecasts

Bullish Oil Fails to Dent USD CAD Exchange Rate as Fed Hike Bets Remain High

18 Oct 2017 at 11 AM - Written by David Woodsmith

Bullish Oil Fails to Dent USD CAD Exchange Rate as Fed Hike Bets Remain High
A solid run of US data has helped to keep the US Dollar Canadian Dollar exchange rate on a generally stronger footing this week, painting a more encouraging picture of the domestic economy. US industrial production showed a moderate rebound on the month in September, largely shaking off any negative impact from the recent hurricanes. As...

CATEGORIES: Canadian Dollar Forecasts