Latest Articles by David Woodsmith

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

EUR to USD Exchange Rate Nears Multi-Year Highs as US Data Fails to Support US Dollar

15 Feb 2018 at 5 PM - Written by David Woodsmith

EUR to USD Exchange Rate Nears Multi-Year Highs as US Data Fails to Support US Dollar
Strong Eurozone data and rising market expectations for global growth to improve in 2018 and beyond has left the Euro to US Dollar (EUR/USD) exchange rate an appealing buy. Investors are brushing over strong US data due to bets of increasingly sturdy global growth. Despite falling from 1.2460 to 1.2251 last week amid a resurgent US Dollar,...

CATEGORIES: Euro Forecasts

GBP EUR Exchange Rate Softens as UK Construction Sector Threatens to Stagnate

2 Feb 2018 at 9 AM - Written by David Woodsmith

GBP EUR Exchange Rate Softens as UK Construction Sector Threatens to Stagnate
Ahead of the weekend the Pound Euro (GBP EUR) exchange rate struggled to find any particular traction, with Brexit-based jitters continuing to limit Sterling demand. While Thursday’s UK manufacturing PMI was not overly encouraging on the surface, however, the Pound managed to largely shrug off any negative impact from the data. With...

CATEGORIES: Pound Euro Forecasts

GBP to EUR Exchange Rate Falls from Highs as UK Politics Return to Market Focus

29 Jan 2018 at 3 PM - Written by David Woodsmith

GBP to EUR Exchange Rate Falls from Highs as UK Politics Return to Market Focus
Strong UK data over the last week has done little to give the British Pound to Euro exchange rate a lasting boost, as Euro investors continue to expect strong performance from the Eurozone in 2018 and UK political concerns about the domestic government and Brexit have risen again causing fresh Pound weakness. Last week was eventful for...

CATEGORIES: Pound Euro Forecasts

GBP/CAD Exchange Rate Tight after UK Retail Sales Slump

19 Jan 2018 at 1 PM - Written by David Woodsmith

GBP/CAD Exchange Rate Tight after UK Retail Sales Slump
On Thursday’s trading session, the Pound saw a small advance against the Canadian Dollar. The GBP/CAD pairing opened trading in the region of 1.7205, later rising to 1.7243 by the evening. With little direct economic news to refer to, GBP traders were primarily focused on recent speeches from Bank of England (BoE) policymakers Michael...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Australian Dollar Exchange Rate Trades Tightly on Continued Brexit Concerns

17 Jan 2018 at 10 AM - Written by David Woodsmith

Pound to Australian Dollar Exchange Rate Trades Tightly on Continued Brexit Concerns
The Pound to Australian Dollar exchange rate made a marginal dip on Tuesday’s trading session, although for the most part GBP/AUD pairing movement was static. Sterling opened trading in the region of 1.7316 on Tuesday morning, later falling to the region of 1.7312 by the close of trading. Pound traders focused primarily on inflation...

CATEGORIES: Pound Australian Dollar Forecasts

GBP EUR Exchange Rate Stumbles Amid Carillion Collapse

15 Jan 2018 at 3 PM - Written by David Woodsmith

GBP EUR Exchange Rate Stumbles Amid Carillion Collapse
Carillion Collapse Prompts GBP/EUR Exchange Rate Fall The Pound Euro (GBP/EUR) exchange rate pared some of its recent gains on Monday as markets responded to news that UK construction giant Carillion has gone into liquidation, potentially threatening thousands of jobs. The news came after talks between the firm, various lenders and the...

CATEGORIES: Currency Predictions Euro Pound Forecasts

GBP EUR Exchange Rate Struggles to Make Headway as Eurozone Unemployment Falls

9 Jan 2018 at 11 AM - Written by David Woodsmith

GBP EUR Exchange Rate Struggles to Make Headway as Eurozone Unemployment Falls
Even though Eurozone data continued to impress this failed to shift the Pound Euro (GBP EUR) exchange rate from a narrow trend on Tuesday. A sharp widening of the German trade surplus and a fresh dip in the Eurozone unemployment rate were not enough to shore up demand for the Euro, even though signs still point towards another strong year...

CATEGORIES: Pound Euro Forecasts

GBP EUR Exchange Rate Holds Narrow Trend Ahead of German Inflation Data

29 Dec 2017 at 11 AM - Written by David Woodsmith

GBP EUR Exchange Rate Holds Narrow Trend Ahead of German Inflation Data
The Pound Euro exchange rate continued to trend narrowly heading into the weekend, with trading volumes thinning as markets prepared to close for the final time in 2017. Even after the December European Central Bank (ECB) Economic Bulletin demonstrated a more optimistic tone than expected the appeal of the single currency...

CATEGORIES: Pound Euro Forecasts

GBP CAD Exchange Rate Trends Lower as UK Retail Sales Lose Momentum

20 Dec 2017 at 12 PM - Written by David Woodsmith

GBP CAD Exchange Rate Trends Lower as UK Retail Sales Lose Momentum
While markets had anticipated a slowdown in the CBI reported retail sales measure for December this still left the Pound Canadian Dollar exchange rate on a weaker footing. Investors were not particularly encouraged by the confirmation that consumer spending had lost further momentum on the month, reflecting the ongoing wage squeeze. The...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/CAD Exchange Rate Rises after BoE Keeps Interest Rates on Hold

14 Dec 2017 at 5 PM - Written by David Woodsmith

GBP/CAD Exchange Rate Rises after BoE Keeps Interest Rates on Hold
On Wednesday’s trading session, the Pound made a tentative rise against the Canadian Dollar. The pairing opened trading in the region of 1.7140, later advancing to the 1.7186 by close of trading. Pound Trades Higher after BoE Prepares Traders for 2018 Today’s big news has concerned the Bank of England (BoE), which has left UK...

CATEGORIES: Pound Canadian Dollar Forecasts