Latest Articles by Frank Davies

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

Pound Sterling to Australian Dollar (GBP/AUD) Exchange Rate Under Pressure After UK Inflation Disappointment

17 Oct 2018 at 3 PM - Written by Frank Davies

Pound Sterling to Australian Dollar (GBP/AUD) Exchange Rate Under Pressure After UK Inflation Disappointment
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...

CATEGORIES: Pound Australian Dollar Forecasts

Pound Sterling to New Zealand Dollar (GBP/NZD) Exchange Rate Steady after IMF Warns about Brexit Consequences

9 Oct 2018 at 3 PM - Written by Frank Davies

Pound Sterling to New Zealand Dollar (GBP/NZD) Exchange Rate Steady after IMF Warns about Brexit Consequences
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...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP CAD Exchange Rate Strengthens on Surprise UK Retail Sales Growth

20 Sep 2018 at 10 AM - Written by Frank Davies

GBP CAD Exchange Rate Strengthens on Surprise UK Retail Sales Growth
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...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to AUD Exchange Rate Struggles to Advance as Australian Job Stats Impress Investors

13 Sep 2018 at 1 PM - Written by Frank Davies

GBP to AUD Exchange Rate Struggles to Advance as Australian Job Stats Impress Investors
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...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to CHF Exchange Rate Slumps to Lowest in Almost a Year as Markets Seek Out ‘Safe Havens’

3 Sep 2018 at 1 PM - Written by Frank Davies

GBP to CHF Exchange Rate Slumps to Lowest in Almost a Year as Markets Seek Out ‘Safe Havens’
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...

CATEGORIES: Pound Swiss Franc Forecasts

Pound New Zealand Dollar Exchange Rate Falls as Markets go Risk-On

24 Aug 2018 at 5 PM - Written by Frank Davies

Pound New Zealand Dollar Exchange Rate Falls as Markets go Risk-On
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...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

GBP to AUD Exchange Rate Surges on Australian Political Jitters

23 Aug 2018 at 3 PM - Written by Frank Davies

GBP to AUD Exchange Rate Surges on Australian Political Jitters
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...

CATEGORIES: Pound Australian Dollar Forecasts

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