Latest Articles by Frank Davies

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

Pound to New Zealand Dollar (GBP/NZD) Exchange Rate Drops -0.3% on Rising Brexit Fears

16 Aug 2018 at 3 PM - Written by Frank Davies

Pound to New Zealand Dollar (GBP/NZD) Exchange Rate Drops -0.3% on Rising Brexit Fears
On Wednesday, the Pound to New Zealand Dollar exchange rate opened trading in the region of NZ$1.9355. After a rocky day’s trading, Pound Sterling closed up slightly higher in the GBP/NZD pairing at a level of NZ$1.9357. The Pound initially rose to a daily high of NZ$1.9409, but failed to maintain this lead because of dwindling...

CATEGORIES: Pound New Zealand Dollar Forecasts

USD CAD Exchange Rate Loses Momentum as Markets Take Break From Anxiety Over Turkish Crisis

14 Aug 2018 at 9 AM - Written by Frank Davies

USD CAD Exchange Rate Loses Momentum as Markets Take Break From Anxiety Over Turkish Crisis
After gaining ground on the back of the unfolding Turkish financial crisis the US Dollar to Canadian Dollar (USD/CAD) exchange rate faltered on Tuesday morning. As market jitters eased this reduced the appeal of the US Dollar, which enjoyed a bullish run in response to the recent slump of the Turkish Lira. While trade relations between...

CATEGORIES: Canadian Dollar Forecasts

Pound Sterling to Turkish Lira (GBP/TRY) Exchange Rate Up 3.4% despite Brexit Handicap

9 Aug 2018 at 4 PM - Written by Frank Davies

Pound Sterling to Turkish Lira (GBP/TRY) Exchange Rate Up 3.4% despite Brexit Handicap
Wednesday’s trading session saw the Pound to Turkish Lira (GBP/TRY) exchange rate open in the region of 6.8206 and close higher at a level of 6.8410. The Pound has struggled against most other currency peers this week, so yesterday’s GBP/TRY exchange rate rise was mainly down to the Lira being the weaker currency. On the UK side of...

CATEGORIES: Pound Lira Forecasts

Pound Sterling to South African Rand (GBP/ZAR) Exchange Rate Rises despite Brexit Concerns

8 Aug 2018 at 4 PM - Written by Frank Davies

Pound Sterling to South African Rand (GBP/ZAR) Exchange Rate Rises despite Brexit Concerns
Tuesday’s trading session opened with the Pound to South African Rand exchange rate at a level of 17.4036. This proved to be a high point, as the Pound fell over the course of the day to close lower against the Rand at 17.2487. In a recurrent situation, the Pound’s losses against the Rand were caused by growing concerns that the UK...

CATEGORIES: Pound Rand Forecasts

GBP EUR Exchange Rate Remains Under Pressure as German Exports Hold Steady

7 Aug 2018 at 3 PM - Written by Frank Davies

GBP EUR Exchange Rate Remains Under Pressure as German Exports Hold Steady
Disappointing German industrial production figures were not enough to shore up the Pound Sterling Euro (GBP/EUR) exchange rate on Tuesday. While the Eurozone’s powerhouse economy continued to demonstrate signs of weakness the Euro remained on a generally stronger footing against its rivals. Even though German export volumes stagnated...

CATEGORIES: Pound Euro Forecasts

GBP AUD Exchange Rate Struggles to Find Traction Ahead of RBA Meeting

6 Aug 2018 at 5 PM - Written by Frank Davies

GBP AUD Exchange Rate Struggles to Find Traction Ahead of RBA Meeting
Deteriorating market sentiment left the Pound Sterling Australian Dollar (GBP/AUD) exchange rate on a downtrend as fears over Brexit escalated. Comments from international trade secretary Liam Fox prompted the Pound to slump sharply across the board, with investors spooked by his suggestion that the odds of a no deal Brexit are...

CATEGORIES: Pound Australian Dollar Forecasts

GBP USD Exchange Rate Remains Under Pressure Thanks to Dovish BoE Policy Outlook

3 Aug 2018 at 9 AM - Written by Frank Davies

GBP USD Exchange Rate Remains Under Pressure Thanks to Dovish BoE Policy Outlook
In spite of Bank of England (BoE) policymakers voting unanimously to raise interest rates on Thursday the Pound US Dollar (GBP/USD) exchange rate soon came under renewed pressure. Even as interest rates increased from 0.50% to 0.75% the mood towards the Pound deteriorated, largely driven by the latest commentary from BoE Governor Mark...

CATEGORIES: Pound Dollar Forecasts

GBP to NZD Exchange Rate Sheds Advance Attempts as Bank of England Caution Weighs

2 Aug 2018 at 4 PM - Written by Frank Davies

GBP to NZD Exchange Rate Sheds Advance Attempts as Bank of England Caution Weighs
Despite the New Zealand Dollar’s broad weakness on market risk-aversion and an interest rate hike from the Bank of England (BoE), the British Pound to New Zealand Dollar (GBP/NZD) exchange rate may not have advanced much by the end of the week. Cautious tones from Bank of England officials continue to weigh heavily on the Pound. Since...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound to South African Rand (GBP/ZAR) Exchange Rate Rises despite Disruptive Brexit Fears

30 Jul 2018 at 4 PM - Written by Frank Davies

Pound to South African Rand (GBP/ZAR) Exchange Rate Rises despite Disruptive Brexit Fears
Last week, the Pound to South African Rand exchange rate opened at a level of ZAR17.6225 on Monday and closed down lower at ZAR17.2606 on Friday. This week-long deterioration was down to growing concerns that the UK could face a ‘no-deal’ Brexit, which might necessitate stockpiling essential supplies due to disrupted supply...

CATEGORIES: Pound Rand Forecasts

GBP to USD Exchange Rate Slips from Highs as Investors Digest US-EU Trade Talks and Dollar Steadies

26 Jul 2018 at 1 PM - Written by Frank Davies

GBP to USD Exchange Rate Slips from Highs as Investors Digest US-EU Trade Talks and Dollar Steadies
While Wednesday night’s developments in US-EU trade talks led to fresh weakness in the US Dollar, the British Pound to US Dollar (GBP/USD) exchange rate’s strength is still limited and on Thursday had shed some of its gains. US Dollar movement is likely to remain limited until Friday’s key US growth report is published. Despite the...

CATEGORIES: Pound Dollar Forecasts