Latest Articles by David Woodsmith

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

GBP to USD Exchange Rate Ends Week Near Weekly High on US Wage Disappointment

6 Jul 2018 at 5 PM - Written by David Woodsmith

GBP to USD Exchange Rate Ends Week Near Weekly High on US Wage Disappointment
Last week was a relatively bearish one for the US Dollar, as trade jitters and the latest US data caused investors to sell the currency. The British Pound to US Dollar (GBP/USD) exchange rate was one of the few major Pound pairs to advance throughout the week. After opening the week at the level of 1.3206, GBP/USD briefly slipped into the...

CATEGORIES: Pound Dollar Forecasts

AUD to NZD Exchange Rate Slips as Australian Trade Data Disappoints

4 Jul 2018 at 10 AM - Written by David Woodsmith

AUD to NZD Exchange Rate Slips as Australian Trade Data Disappoints
The latest Australian trade data proved disappointing, leaving the Australian Dollar New Zealand Dollar (AUD/NZD) exchange rate on a weaker footing. Investors were not impressed to find that the trade surplus was narrower than forecast in May, with April’s figure also seeing a downward revision. June’s Australian services PMI also...

CATEGORIES: Australian Dollar Forecasts

Daily GBP/AUD Exchange Rate News: Pound Sterling Declines as Brexit Fears Take Hold

27 Jun 2018 at 3 PM - Written by David Woodsmith

Daily GBP/AUD Exchange Rate News: Pound Sterling Declines as Brexit Fears Take Hold
GBP/AUD Exchange Rate Drops -0.4% on Concerns over Brexit Progress The Pound (GBP) has made moderate losses against the Australian Dollar (AUD) today, in addition to falling against most other currency peers. This poor performance is down to growing concerns that there has not been enough progress in Brexit talks this year. For...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to NZD Exchange Rate Slumps as UK Inflation Fails to Climb and Bank of England Bets Fall

13 Jun 2018 at 4 PM - Written by David Woodsmith

GBP to NZD Exchange Rate Slumps as UK Inflation Fails to Climb and Bank of England Bets Fall
This week’s UK data has indicated that British price pressures may be more subdued than investors expected, which has led to a drop in Bank of England (BoE) interest rate hike bets and a weaker British Pound to New Zealand Dollar (GBP/NZD) exchange rate. The main cause of GBP/NZD movement on Wednesday was UK inflation data. After...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP AUD Exchange Rate Struggles in Spite of Sharp Uptick in UK Consumer Credit

31 May 2018 at 4 PM - Written by David Woodsmith

GBP AUD Exchange Rate Struggles in Spite of Sharp Uptick in UK Consumer Credit
A better-than-expected GfK UK consumer confidence index offered support to the Pound Australian Dollar (GBP/AUD) exchange rate on Thursday. While the index remained firmly in negative territory investors were still encouraged by signs that sentiment is recovering in spite of lingering Brexit-based uncertainty. An unexpectedly sharp...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to AUD Exchange Rate Fails to Sustain Recovery Attempt as UK Economic Outlook Unchanged

24 May 2018 at 5 PM - Written by David Woodsmith

GBP to AUD Exchange Rate Fails to Sustain Recovery Attempt as UK Economic Outlook Unchanged
A strong UK retail sales report on Thursday was not enough to make the British Pound to Australian Dollar (GBP/AUD) exchange rate particularly more appealing. Instead, Sterling investors anticipated Britain’s latest Q1 growth projections, due Friday, while the Australian Dollar benefitted from weakness in the US Dollar (USD). Following...

CATEGORIES: Pound Australian Dollar Forecasts

GBP CAD Exchange Rate Pushes Higher Despite Forecasts for Weaker UK Wage Growth

14 May 2018 at 4 PM - Written by David Woodsmith

GBP CAD Exchange Rate Pushes Higher Despite Forecasts for Weaker UK Wage Growth
Even in the absence of any fresh domestic data the mood towards the Pound picked up sharply at the start of the week, driving the Pound Canadian Dollar (GBP/CAD) exchange rate higher. As the initial negative impact of the Bank of England’s (BoE) May policy meeting has continued to fade investors found reason to buy back into the weakened...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Holds Above Worst Levels as Bank of Canada Weakens ‘Loonie’

19 Apr 2018 at 1 PM - Written by David Woodsmith

GBP to CAD Exchange Rate Holds Above Worst Levels as Bank of Canada Weakens ‘Loonie’
Both the Pound and Canadian Dollar have become unappealing in recent sessions, causing fluctuations in the British Pound to Canadian Dollar (GBP/CAD) exchange rate. Still, overall the Pound outlook appeared to have worsened more due to disappointing UK inflation data weighing on Bank of England (BoE) interest rate hike bets. A broadly...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to USD Exchange Rate Continues to Gain on Solid Bank of England (BoE) Interest Rate Hike Bets

10 Apr 2018 at 10 AM - Written by David Woodsmith

GBP to USD Exchange Rate Continues to Gain on Solid Bank of England (BoE) Interest Rate Hike Bets
Amid solid UK housing data and hawkish comments from Bank of England (BoE) officials, the British Pound to US Dollar (GBP/USD) exchange rate has seen solid gains in recent sessions. US Dollar demand has been mixed due to trade uncertainties, despite attempts to calm persistent ‘trade war’ fears. After gaining from 1.4013 to 1.4085 last...

CATEGORIES: Pound Dollar Forecasts

‘Aussie’ Dollar Capitalises on USD Weakness – GBP/AUD Exchange Rate Trades Lower

23 Mar 2018 at 4 PM - Written by David Woodsmith

‘Aussie’ Dollar Capitalises on USD Weakness – GBP/AUD Exchange Rate Trades Lower
EU Leaders Approve Brexit Transition Terms – GBP/AUD Exchange Rate Fails to Capitalise The Pound Australian Dollar (GBP/AUD) exchange rate traded lower on Friday, failing to fully capitalise on news that EU member states have officially approved the terms of Britain’s Brexit transition period – a big step forward in negotiations....

CATEGORIES: Pound Australian Dollar Forecasts