Latest Articles by Frank Davies

Global Growth Worries Bolster Pound Australian Dollar (GBP/AUD) Exchange Rate Fresh concerns over the global growth outlook helped to keep the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate on a positive footing ahead of the weekend. As Chinese factory profits saw their largest slump on record in the first two months of the...

Lack of Bank of England Action Supports Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate The Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate found some support in the wake of the Bank of England’s (BoE) scheduled March policy meeting. While the BoE issued a fresh warning over the outlook of the UK economy this failed...

Despite the Pound rebounding from lows against many major currencies today, the British Pound to Australian Dollar (GBP/AUD) exchange rate is sliding. Investors are buying the Australian Dollar back from its worst levels after a period of broad weakness, thanks to the slightly calmer market outlook as well as reaction to the Reserve Bank of...

As Australian consumer inflation expectations failed to pick up on the month as forecast the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate recovered some of its lost ground. With inflationary pressure failing to build further the risk of further potential Reserve Bank of Australia (RBA) policy action remains, to the detriment...

Weaker-than-expected Eurozone industrial production figures encouraged the Pound Sterling to Euro (GBP/EUR) exchange rate to push higher on Wednesday. While forecasts had pointed towards a fresh deterioration in production, following the falls seen in Germany and Italy, the extent of the decline caught investors off guard. As output...

Despite the Pound’s broad weakness on revived hard Brexit fears this week, the British Pound to Japanese Yen (GBP/JPY) exchange rate has only seen limited losses this week so far. Investors have also been selling the safe haven Japanese Yen as coronavirus concerns lighten. This is making the Yen one of this week’s weaker currencies and...

Fears of Hard Brexit Scenario Weigh Heavily on Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Fresh market anxiety over Brexit saw the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate slip on Tuesday. Comments from the BDI, a key German industry association, reignited jitters over the prospect of a potential hard...

Temporary Easing in Market Risk Aversion Knocks Pound New Zealand Dollar (GBP/NZD) Exchange Rate A general resurgence in market risk appetite saw the Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate knocked off its bullish trend on Thursday. While market anxiety over the spread of the coronavirus from China remained this was...

Surge in UK Business Optimism Fuels Pound Euro (GBP/EUR) Exchange Rate Leap The Pound Sterling to Euro (GBP/EUR) exchange rate made strong gains on Wednesday, benefitting from a surprise return to positivity for the CBI business optimism index. As the index leapt from -44 to 23 on the quarter this encouraged investors to pile back into...

Despite yesterday’s cooler Pound movement, the British Pound to Euro (GBP/EUR) exchange rate continued to trend closely to its best levels until this morning, when a combination of stronger Eurozone data and lingering Brexit uncertainty knocked the pair slightly. The Brexit process is going smoothly this month, but uncertainty over how...