Latest Articles by David Woodsmith

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

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

GBP to ZAR Exchange Rate Sheds Last Week’s Gains as South Africa’s Ruling ANC has Election Win in Sights

10 May 2019 at 1 PM - Written by David Woodsmith

GBP to ZAR Exchange Rate Sheds Last Week’s Gains as South Africa’s Ruling ANC has Election Win in Sights
Despite fresh global trade fears hitting market demand for risk-correlated currencies like the South African Rand, the British Pound to South African Rand (GBP/ZAR) exchange rate has still seen significant losses over the past week and has shed essentially all the gains seen a week earlier. This has been due to Rand investors hoping for...

CATEGORIES: Pound Rand Forecasts

Pound to Swiss Franc Rate Plummets as Sterling Investors Pile into Safe Havens

9 May 2019 at 6 AM - Written by David Woodsmith

Pound to Swiss Franc Rate Plummets as Sterling Investors Pile into Safe Havens
GBP/CHF REPORT MAY 8: Fresh Brexit hopes, combined with a lack of solid demand for safe haven currencies like the Swiss Franc, left the British Pound to Swiss Franc exchange rate surging last week. Since then though, the pair has recoiled from its highs as Brexit uncertainties return and hit the Pound, while investors looking to avoid risks...

CATEGORIES: Pound Swiss Franc Forecasts

USD to EUR Exchange Rate Holding Near Best Levels despite Slowdown in US PCE Report

29 Apr 2019 at 4 PM - Written by David Woodsmith

USD to EUR Exchange Rate Holding Near Best Levels despite Slowdown in US PCE Report
Despite today’s US data falling short of market expectations and even causing some fresh Federal Reserve interest rate cut speculation, the Eurozone’s data continued to come in weak as well and this has left US Dollar to Euro (USD/EUR) exchange rate movement mixed. For now, investors are anticipating Tuesday’s slew of major Eurozone...

CATEGORIES: American Dollar Forecasts Euro Forecasts

GBP to EUR Exchange Rate Slides as Hopes of Eurozone Economic Recovery Persist

17 Apr 2019 at 1 PM - Written by David Woodsmith

GBP to EUR Exchange Rate Slides as Hopes of Eurozone Economic Recovery Persist
Despite a lack of impressive new Eurozone data today, the British Pound to Euro (GBP/EUR) exchange rate has kept falling. Brexit uncertainties kept pressure on the Pound, while the Euro is still benefitting from market hopes that the Eurozone economy is gradually turning around from the slowdown seen since the end of last year. A...

CATEGORIES: Pound Euro Forecasts Pound Hong Kong Dollar Forecasts

GBP to EUR Exchange Rate Fails to Hold Best Levels as Brexit Uncertainties Flare Up

2 Apr 2019 at 1 PM - Written by David Woodsmith

GBP to EUR Exchange Rate Fails to Hold Best Levels as Brexit Uncertainties Flare Up
Due to a set of underwhelming Eurozone ecostats, the British Pound to Euro (GBP/EUR) exchange rate put in solid gains for most of yesterday’s session. Since then though, fresh uncertainties over how Brexit will unfold has meant that the Pound has been unable to hold its gains, though the Euro’s lack of appeal has meant GBP/EUR losses are...

CATEGORIES: Pound Euro Forecasts

GBP to ZAR Exchange Rate Rebounds from Fortnight Low as Brexit Delay Confirmed

22 Mar 2019 at 11 AM - Written by David Woodsmith

GBP to ZAR Exchange Rate Rebounds from Fortnight Low as Brexit Delay Confirmed
After rallying on the back of higher risk-sentiment due to this week’s Federal Reserve news, the South African Rand steadied a little at the end of the week which made it easier for the British Pound to South African Rand (GBP/ZAR) exchange rate to rebound from its worst levels. Looking ahead, Brexit news will be the primary cause of...

CATEGORIES: Pound Australian Dollar Forecasts

Euro to Dollar Exchange Rate: EUR/USD Avoids Tumbling Back to Last Week?s Yearly Lows

11 Mar 2019 at 5 PM - Written by David Woodsmith

Euro to Dollar Exchange Rate: EUR/USD Avoids Tumbling Back to Last Week?s Yearly Lows
Despite a lack of fresh strong support for the Euro since last week’s surprisingly dovish European Central Bank (ECB) decision, the Euro to US Dollar (EUR/USD) exchange rate has avoided further losses today. Investors were hesitant to sell the Euro to its worst levels amid speculation that the Eurozone could be about to see something of a...

CATEGORIES: Euro Forecasts

GBP to USD Exchange Rate Trends Near Best 2019 Levels as Option of Brexit Delay Emerges

26 Feb 2019 at 4 PM - Written by David Woodsmith

GBP to USD Exchange Rate Trends Near Best 2019 Levels as Option of Brexit Delay Emerges
While it has been unable to hold its best levels, the British Pound to US Dollar (GBP/USD) exchange rate climbed yesterday as signs emerged regarding how the Brexit process could unfold from here. The US Dollar’s losses were limited as investors awaited Federal Reserve comments. After opening this week at the level of 1.3047, GBP/USD has...

CATEGORIES: Pound Dollar Forecasts

GBP to NZD Exchange Rate Limp as Investors Digest Last Week?s News

18 Feb 2019 at 5 PM - Written by David Woodsmith

GBP to NZD Exchange Rate Limp as Investors Digest Last Week?s News
After a plummet last week on Reserve Bank of New Zealand (RBNZ) and Brexit news, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate’s movement has steadied this week. Investors were hesitant to keep buying the New Zealand Dollar higher and sold it slightly from its best levels in profit-taking. Last week saw GBP/NZD open at...

CATEGORIES: Pound New Zealand Dollar Forecasts