Latest Articles by Frank Davies

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

GBP/USD Outlook - Pound to Dollar Exchange Rates Slip on Resurgent US Retail Sales

19 Apr 2019 at 8 AM - Written by Frank Davies

GBP/USD Outlook - Pound to Dollar Exchange Rates Slip on Resurgent US Retail Sales
A strong resurgence in US advance retail sales kept the Pound Sterling to US Dollar exchange rate on a weaker footing ahead of the Easter weekend. As sales surged 1.6% on the month in March investors were encouraged to buy back into the US Dollar, with higher levels of consumer spending pointing towards greater economic confidence. The...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Flounders in spite of New October Brexit Deadline

11 Apr 2019 at 2 PM - Written by Frank Davies

Pound US Dollar (GBP/USD) Exchange Rate Flounders in spite of New October Brexit Deadline
Brexit Deadline Extension Fails to Boost Pound Sterling US Dollar (GBP/USD) Exchange Rate The decision to extend the Brexit deadline until the end of October failed to shore up the Pound Sterling to US Dollar (GBP/USD) exchange rate on Thursday. Although the UK is no longer at risk of crashing out of the EU without a deal on Friday...

CATEGORIES: Pound Dollar Forecasts

GBP/USD Today - The Pound to US Dollar Exchange Rate Finds Support on Hopes of Brexit Extension

6 Apr 2019 at 7 AM - Written by Frank Davies

GBP/USD Today - The Pound to US Dollar Exchange Rate Finds Support on Hopes of Brexit Extension
The Pound to Dollar exchange rate found some support after Theresa May submitted a request to extend the Brexit deadline until the end of June 2019. With European Council President Donald Tusk encouraging leaders to approve a so-called flexible extension to the Brexit deadline the odds of a no-deal Brexit appeared to ease. Although it...

CATEGORIES: Pound Dollar Forecasts

GBP to CAD Exchange Rates Slip from Best Conversions amid Brexit Jitters and Canadian Dollar Resilience

6 Apr 2019 at 7 AM - Written by Frank Davies

GBP to CAD Exchange Rates Slip from Best Conversions amid Brexit Jitters and Canadian Dollar Resilience
The Canadian Dollar has had broadly mixed movement in recent weeks, and as a result the British Pound to Canadian Dollar exchange rate has been especially volatile. Brexit uncertainty causes sharp movements, but as market demand for the Canadian Dollar is currently improving the pair may be in for losses unless upcoming Brexit news...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Under Pressure as Odds of No-Deal Brexit Rise

2 Apr 2019 at 3 PM - Written by Frank Davies

Pound US Dollar (GBP/USD) Exchange Rate Under Pressure as Odds of No-Deal Brexit Rise
Lack of Brexit Progress Keeps Pound Sterling US Dollar (GBP/USD) Exchange Rate Under Pressure Parliament’s continued failure to break the Brexit deadlock saw the Pound Sterling to US Dollar (GBP/USD) exchange rate shed further ground on Tuesday. As MPs failed to put sufficient support behind any of the proposed alternatives to Theresa...

CATEGORIES: Pound Dollar Forecasts

Pound Australian Dollar Exchange Rate Falls as MPs Reject Brexit Deal Again

29 Mar 2019 at 5 PM - Written by Frank Davies

Pound Australian Dollar Exchange Rate Falls as MPs Reject Brexit Deal Again
Fresh Brexit Rejection Drives Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Losses As MPs voted down Theresa May’s proposed withdrawal agreement once again this left the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate on a weaker footing. With the UK now on course to crash out of the EU without a deal in...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to ZAR Exchange Rate Gains Limited on Brexit Panic despite Emerging Market Selloff

28 Mar 2019 at 4 PM - Written by Frank Davies

GBP to ZAR Exchange Rate Gains Limited on Brexit Panic despite Emerging Market Selloff
Despite plummeting emerging market currencies this week, the British Pound to South African Rand (GBP/ZAR) exchange rate’s gains have been limited over the last session as the Pound has also been bearish among forex investors. With both currencies highly unappealing, markets are now anticipating more major developments. Since opening...

CATEGORIES: Pound Rand Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Stumbles as US Trade Deficit Narrows Sharply

27 Mar 2019 at 4 PM - Written by Frank Davies

Pound US Dollar (GBP/USD) Exchange Rate Stumbles as US Trade Deficit Narrows Sharply
Narrowed US Trade Deficit Dents Pound Sterling US Dollar (GBP/USD) Exchange Rate A better-than-expected narrowing of January’s US trade deficit put the Pound Sterling to US Dollar (GBP/USD) exchange rate under fresh pressure on Wednesday. Although forecasts had pointed towards a narrowed deficit investors were still encouraged by news...

CATEGORIES: Pound Dollar Forecasts

GBP to EUR Exchange Rate Dip Deepens Following Improving German Confidence

25 Mar 2019 at 1 PM - Written by Frank Davies

GBP to EUR Exchange Rate Dip Deepens Following Improving German Confidence
Despite signs of continued weakness in Eurozone manufacturing, economic sentiment in Germany is reportedly beginning to improve and this made it more difficult for a weaker British Pound to Euro (GBP/EUR) exchange rate to hold its ground this morning. Fresh concerns about the stability of UK politics caused the Pound to fall versus most major...

CATEGORIES: Pound Euro Forecasts

Pound Euro (GBP/EUR) Exchange Rate Slumps as Third Meaningful Vote Ruled Out

18 Mar 2019 at 4 PM - Written by Frank Davies

Pound Euro (GBP/EUR) Exchange Rate Slumps as Third Meaningful Vote Ruled Out
Pound Sterling Euro (GBP/EUR) Exchange Rate Slumps as Third Meaningful Vote Ruled Out As the House of Commons Speaker ruled out the prospect of a third meaningful vote unless the Brexit deal sees a ‘substantial change’ the Pound Sterling to Euro (GBP/EUR) exchange rate slumped. Investors were caught off guard by the move, having...

CATEGORIES: Pound Euro Forecasts