Latest Articles by Frank Davies

The most recent currency news items written by author Frank Davies.

GBP EUR Exchange Rate Softens After Underwhelming January UK Retail Sales

16 Feb 2018 at 10 AM - Written by Frank Davies

GBP EUR Exchange Rate Softens After Underwhelming January UK Retail Sales
As January’s UK retail sales data fell short of forecast the mood of the Pound Euro (GBP EUR) exchange rate remained rather bearish. Although sales still saw a rebound on the month, reversing some of December’s sharp -1.6% contraction, this was not enough to encourage investors. With consumer spending failing to lift as markets had...

CATEGORIES: Pound Euro Forecasts

EUR USD Exchange Rate Pushes Higher As US Budget Points Towards 1 Trillion Dollar Deficit

13 Feb 2018 at 2 PM - Written by Frank Davies

EUR USD Exchange Rate Pushes Higher As US Budget Points Towards 1 Trillion Dollar Deficit
Markets did not react positively to the announcement of the US 2019 Fiscal Year Budget, prompting the Euro US Dollar (EUR/USD) exchange rate to trend sharply higher. Particularly concerning was the fact that the budget proposals would result in the US deficit hitting 1 trillion US Dollars in the next year, with the national debt looking...

CATEGORIES: Euro Forecasts

GBP CAD Exchange Rate Surges Higher After BoE Sounds Hawkish Note

8 Feb 2018 at 3 PM - Written by Frank Davies

GBP CAD Exchange Rate Surges Higher After BoE Sounds Hawkish Note
In the immediate aftermath of the Bank of England’s (BoE) rate decision the Pound Canadian Dollar (GBP CAD) exchange rate surged higher as market sentiment turned bullish. Demand for the Pound picked up significantly on the back of the BoE’s meeting minutes, which proved to be slightly more hawkish in nature than anticipated. Even...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/USD Exchange Rate Rises as Gloomy Brexit Report is Challenged

30 Jan 2018 at 1 PM - Written by Frank Davies

GBP/USD Exchange Rate Rises as Gloomy Brexit Report is Challenged
During Monday’s trading session, the Pound to US Dollar exchange rate deteriorated because of a meeting about the specifics of the UK transitional deal. The GBP/USD exchange rate opened in the region of 1.4138 on Monday morning, but later closed down around 1.4074 during the evening. With little high-impact data to refer to, Pound...

CATEGORIES: Pound Dollar Forecasts

GBP EUR Exchange Rate Holds its Ground Ahead of BoE Comments

30 Jan 2018 at 1 PM - Written by Frank Davies

GBP EUR Exchange Rate Holds its Ground Ahead of BoE Comments
The Eurozone economy continued to impress with its fourth quarter gross domestic product data, leaving the Pound Euro (GBP EUR) exchange rate under pressure on Tuesday morning. While the Spanish growth rate moderated somewhat its economy still performed strongly over the course of 2017, largely shrugging off the disruption of the Catalan...

CATEGORIES: Pound Euro Forecasts

EUR/USD Exchange Rate Slumps -0.6% ahead of High-Impact Confidence Stats

29 Jan 2018 at 5 PM - Written by Frank Davies

EUR/USD Exchange Rate Slumps -0.6% ahead of High-Impact Confidence Stats
Over the previous week, the Euro to US Dollar exchange rate rose by a moderate amount, thanks to a late-week boost from 2018’s first European Central Bank (ECB) policy meeting. The EUR/USD exchange rate opened in the region of 1.2244 on 22nd January, later closing higher around 1.2428 on 26th January. Notable Eurozone news included...

CATEGORIES: Euro Forecasts

Australian Dollar to New Zealand Dollar Exchange Rate Rises on Hopes for Economic Boom

24 Jan 2018 at 10 AM - Written by Frank Davies

Australian Dollar to New Zealand Dollar Exchange Rate Rises on Hopes for Economic Boom
The Australian Dollar to New Zealand Dollar exchange rate progressively worsened over Tuesday’s trading session, due to reports of declining consumer confidence. The AUD/NZD pairing opened trading in the region of 1.0944 on Tuesday morning, but by the evening the Australian Dollar was trading around 1.0877 against the New Zealand...

CATEGORIES: Australian Dollar Forecasts

Hopes for UK Post-Brexit Economic Rebound Trigger GBP/CHF Exchange Rate Rise

22 Jan 2018 at 3 PM - Written by Frank Davies

Hopes for UK Post-Brexit Economic Rebound Trigger GBP/CHF Exchange Rate Rise
During the previous week, the Pound rose overall against the Swiss Franc, despite a number of negative UK data releases. The GBP/CHF exchange rate opened around 1.3295 on Monday, later rising to the region of 1.3350 on Friday evening. Key UK takeaways were that inflation had slowed in December, while retail sales had been worse than...

CATEGORIES: Swiss Franc Forecasts

GBP ZAR Exchange Rate Surges Higher on Seventh Month of South African Manufacturing Sector Contraction

12 Jan 2018 at 12 PM - Written by Frank Davies

GBP ZAR Exchange Rate Surges Higher on Seventh Month of South African Manufacturing Sector Contraction
After a volatile week of trading the Pound South African Rand (GBP ZAR) exchange rate surged higher on Friday, spurred on by disappointing South African manufacturing data. As the ABSA manufacturing PMI slumped further than forecast in December, plunging from 48.6 to 44.9, this undermined confidence in the domestic outlook. With the...

CATEGORIES: Pound Rand Forecasts

GBP USD Exchange Rate Fluctuates as UK Trade Deficit Widens

10 Jan 2018 at 5 PM - Written by Frank Davies

GBP USD Exchange Rate Fluctuates as UK Trade Deficit Widens
UK Trade Deficit Widens, Causes Volatility for GBP USD Exchange Rates The Pound US Dollar (GBP/USD) fluctuated wildly on Wednesday as markets digested a run of mixed UK ecostats as well as news that China is considering trimming its purchasing of American government debt. On the data front; the UK’s trade deficit widened quite...

CATEGORIES: American Dollar Forecasts Currency Predictions