Latest Articles by Frank Davies

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

Pound US Dollar (GBP/USD) Exchange Rate Under Pressure as Conservative Leadership Race Intensifies

13 Jun 2019 at 1 PM - Written by Frank Davies

Pound US Dollar (GBP/USD) Exchange Rate Under Pressure as Conservative Leadership Race Intensifies
Pound Sterling US Dollar (GBP/USD) Exchange Rate Falters in Spite of Falling US Inflation The weaker-than-expected nature of May’s US consumer price index data failed to prevent the Pound Sterling to US Dollar (GBP/USD) exchange rate from trending lower. Although the inflation rate’s miss raises the odds of the Federal Reserve...

CATEGORIES: Pound Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Recovers Ground on Solid UK Labour Market Data

11 Jun 2019 at 3 PM - Written by Frank Davies

Pound Australian Dollar (GBP/AUD) Exchange Rate Recovers Ground on Solid UK Labour Market Data
Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Strengths as UK Unemployment Maintains 44-Year Low A steady showing from April’s UK unemployment rate helped the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate recover further ground on Tuesday. As unemployment remained at a 44-year low of 3.8% this gave investors...

CATEGORIES: Pound Australian Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Recovers After UK Construction Sector Slump

4 Jun 2019 at 3 PM - Written by Frank Davies

Pound US Dollar (GBP/USD) Exchange Rate Recovers After UK Construction Sector Slump
UK Construction Sector Contraction Fails to Drag Down Pound Sterling US Dollar (GBP/USD) Exchange Rate A surprise contraction in the UK construction PMI was not enough to keep the Pound Sterling to US Dollar (GBP/USD) exchange rate on a downtrend for long on Tuesday. Although weakening business confidence saw a decline in workload...

CATEGORIES: Pound Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Recovers Ground After Theresa May Resigns

24 May 2019 at 10 AM - Written by Frank Davies

Pound Australian Dollar (GBP/AUD) Exchange Rate Recovers Ground After Theresa May Resigns
Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Shrugs Off Theresa May’s Resignation The Pound Sterling to Australian Dollar (GBP/AUD) exchange rate saw little reaction as Theresa May announced her resignation as leader of the Conservative Party and named a departure date. With May set to vacate her post on the 7th of June...

CATEGORIES: Pound Australian Dollar Forecasts

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Sinks Thanks to Prime Minister’s Numbered Days

23 May 2019 at 2 PM - Written by Frank Davies

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Sinks Thanks to Prime Minister’s Numbered Days
Increasing Pressure on Theresa May Pulls Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Lower An increasing sense of political turmoil in the UK saw the Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate come under fresh pressure as the odds of a no-deal Brexit increased. However, as Theresa May made efforts to eke...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to AUD Exchange Rate Hits Worst May Level despite RBA Interest Rate Cut Bets

22 May 2019 at 5 PM - Written by Frank Davies

GBP to AUD Exchange Rate Hits Worst May Level despite RBA Interest Rate Cut Bets
Despite yesterday’s news that the Reserve Bank of Australia (RBA) was likely to cut Australian interest rates as soon as June, the British Pound to Australian Dollar (GBP/AUD) exchange rate fell today and even hit its worst levels all month. Worsening concerns about the Brexit process and the stability of UK politics are driving Sterling...

CATEGORIES: Pound Australian Dollar Forecasts

EUR to GBP Exchange Rate Advance Past Two Month Best Limited amid Fresh Italian Political Jitters

14 May 2019 at 5 PM - Written by Frank Davies

EUR to GBP Exchange Rate Advance Past Two Month Best Limited amid Fresh Italian Political Jitters
A combination of factors limited market demand for the Euro yesterday, making it more difficult for the Euro to British Pound (EUR/GBP) exchange rate to keep climbing past its recent two month highs. The pair did ultimately remain near its best levels though, due to Brexit jitters and mixed UK data weighing on the Pound. Last week was an...

CATEGORIES: Euro Pound Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Falters in spite of UK Service Sector Recovery

3 May 2019 at 11 AM - Written by Frank Davies

Pound US Dollar (GBP/USD) Exchange Rate Falters in spite of UK Service Sector Recovery
Improved UK Services PMI Not Enough to Shore Up Pound Sterling US Dollar (GBP/USD) Exchange Rate The Pound Sterling to US Dollar (GBP/USD) exchange rate remained on a downtrend even after the UK service sector returned to a state of expansion. While the services PMI picked up from 48.9 to 50.4, climbing out of contraction territory,...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Slips despite Positive Revision to BoE Forecasts

2 May 2019 at 3 PM - Written by Frank Davies

Pound US Dollar (GBP/USD) Exchange Rate Slips despite Positive Revision to BoE Forecasts
Pound Sterling US Dollar (GBP/USD) Exchange Rate Trends Lower After BoE Meeting The Pound Sterling to US Dollar (GBP/USD) exchange rate failed to recover its positive momentum in the wake of the Bank of England’s (BoE) latest policy meeting. Even though the BoE revised its 2019 growth forecast up from 1.2% to 1.5% this was not enough...

CATEGORIES: Pound Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Surges on Weak Australian Inflation

24 Apr 2019 at 3 PM - Written by Frank Davies

Pound Australian Dollar (GBP/AUD) Exchange Rate Surges on Weak Australian Inflation
Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Leaps as Australian Inflation Drops The Pound Sterling to Australian Dollar (GBP/AUD) exchange rate surged higher on Wednesday after the Australian consumer price index fell short of forecast. Demand for the Australian Dollar diminished sharply after the first quarter consumer...

CATEGORIES: Pound Australian Dollar Forecasts