Latest Articles by Frank Davies

September’s UK consumer price index proved weaker than forecast, leaving the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate on a downtrend on Wednesday. Investors were not impressed to find that the headline annual inflation rate had eased from 2.7% to 2.4% in September, even though this is likely to lead to stronger wage...

On Monday, the Pound to New Zealand Dollar (GBP/NZD) exchange rate opened in the region of NZ$2.0391 in the morning and closed slightly lower around NZ$2.0301 in the evening. There was little UK or New Zealand domestic data to refer to yesterday, so GBP/NZD movement was instead caused by a reported drop in UK business...

The Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate picked up in the wake of August’s better-than-expected UK retail sales data this morning. Markets were caught off guard as sales excluding auto fuel accelerated 0.3% on the month, defying expectations of a contraction of -0.3%. An upward revision to July’s data added to...

Earlier in the week, the British Pound to Australian Dollar (GBP/AUD) exchange rate surged on the latest Brexit developments. However, on Wednesday GBP/AUD lost most of those gains as risk-sentiment lightened and investors bought the relatively risky Australian Dollar back from its cheapest levels. After opening this week at the level of...

As Brexit jitters worsened again on Monday, the British Pound to Swiss Franc (GBP/CHF) exchange rate slumped. The Pound was unable to climb versus the sturdy Franc last week even despite the brief jump in Brexit optimism, as consistent demand for ‘safe haven’ currencies has kept the Swiss Franc bullish. The Pound was unable to sustain...

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Retreats following Rise in Risk-Appetite Shortly after reaching its highest rate in a week overnight, the Pound New Zealand Dollar (GBP/NZD) exchange rate fell by over half a cent today as risk-appetite was reinvigorated following a dip in the US Dollar (USD). Despite the pairing tipping in...

Persistent concerns about the possibility of a ‘no deal’ Brexit have not been enough to prevent the British Pound to Australian Dollar (GBP/AUD) exchange rate’s advance this week. The Australian Dollar has plunged due to trade uncertainties and political turbulence in Australia. More than regaining last week’s slip from 1.7483 to...

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...

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...

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...