Latest Articles by David Woodsmith

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

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

GBP to AUD Exchange Rate Near 3-Month-Best on RBA Interest Rate Cut Speculation

24 Jan 2019 at 4 PM - Written by David Woodsmith

GBP to AUD Exchange Rate Near 3-Month-Best on RBA Interest Rate Cut Speculation
While the Pound slipped versus most major currency rivals yesterday, the British Pound to Australian Dollar (GBP/AUD) exchange rate was able to keep advancing. Investors sold the Australian Dollar in reaction to some mixed Australian job market stats, as well as speculation that the Reserve Bank of Australia (RBA) was becoming more likely to...

CATEGORIES: Pound Australian Dollar Forecasts

GBP/AUD Outlook - Sterling Exchange Rates Bolstered by Brexit Hopes While ?Aussie? Dragged by Poor Australian Data

18 Jan 2019 at 7 AM - Written by David Woodsmith

GBP/AUD Outlook - Sterling Exchange Rates Bolstered by Brexit Hopes While ?Aussie? Dragged by Poor Australian Data
Investors briefly sold the British Pound to Australian Dollar (GBP/AUD) exchange rate last night, but the pair ultimately became more appealing even though the UK government suffered a historic loss on its negotiated UK-EU Brexit plan. Poor Australian data made it easier for the Pound to advance during Wednesday’s European session. Since...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to CAD Exchange Rate Climbs on Brexit Hopes Despite Risk-Sentiment

31 Dec 2018 at 12 PM - Written by David Woodsmith

GBP to CAD Exchange Rate Climbs on Brexit Hopes Despite Risk-Sentiment
Despite rising market confidence that tensions between the US and China were lightening, the British Pound to Canadian Dollar (GBP/CAD) exchange rate saw modest gains on Monday morning. Brexit speculation helped Sterling to gain, despite the Canadian Dollar finding some support in slightly stronger market risk-sentiment. Last week was a...

CATEGORIES: Pound Canadian Dollar Forecasts

US Canadian Dollar Exchange Rate Tumbles Ahead of Federal Reserve Decision

20 Dec 2018 at 9 AM - Written by David Woodsmith

US Canadian Dollar Exchange Rate Tumbles Ahead of Federal Reserve Decision
Despite a combination of weaker than expected Canadian inflation data, as well as oil prices recently hitting their worst levels in over a year, the US Dollar to Canadian Dollar (USD/CAD) exchange rate slipped on Wednesday afternoon as investors anticipated the Federal Reserve’s December policy decision. Since opening this week at the...

CATEGORIES: American Dollar Forecasts Canadian Dollar Forecasts

Pound to New Zealand Dollar Exchange Rate: GBP/NZD Tests 2018 Lows as UK PM May Attempts to Delay Parliament Vote

11 Dec 2018 at 2 PM - Written by David Woodsmith

Pound to New Zealand Dollar Exchange Rate: GBP/NZD Tests 2018 Lows as UK PM May Attempts to Delay Parliament Vote
GBP/NZD Exchange Rate Edges Back Above NZ$1.83   While Brexit uncertainty remains rife following PM Theresa May’s decision to cancel the parliamentary vote, the Pound was able to stabilise on Tuesday, with the Pound Sterling New Zealand dollar (GBP/NZD) exchange rate recouping almost 0.3%. The Pound’s recovery against currencies...

CATEGORIES: Pound New Zealand Dollar Forecasts

British Pound to Euro Exchange Rate Falls on Trump?s Dig at Brexit Agreement

27 Nov 2018 at 2 PM - Written by David Woodsmith

British Pound to Euro Exchange Rate Falls on Trump?s Dig at Brexit Agreement
Pound Euro (GBP/EUR) Exchange Rate Falls on Trump’s Dig at Brexit Agreement The Pound Euro (GBP/EUR) exchange rate dropped today, and is currently trading at €1.1273, after US President Donald Trump criticised the Brexit withdrawal agreement and raised doubts about future US-UK trade. EUR found strength this week after Italy showed...

CATEGORIES: Pound Euro Forecasts