Latest Articles by Frank Davies

On Monday, the Pound saw a slight appreciation against the South African Rand. GBP opened trading around 17.6522, later ending daily trading in the region of 17.6634. This advance was triggered by optimism about the UK’s position in Brexit talks, although this positivity has since faded to a large extent. Pound to Rand Rate Advances...

In spite of the ongoing sense of uncertainty surrounding Brexit negotiations the Pound New Zealand Dollar exchange rate was able to regain further ground at the start of the week. Investors took some encouragement from news that Theresa May will be meeting with EU chief negotiator Michel Barnier and European Commission President...

Although the Halifax house price index bettered expectations in September this was not enough to shore up the Pound US Dollar exchange rate ahead of the weekend. Confidence in Sterling has remained distinctly limited in the wake of Theresa May’s poorly received Conservative Party conference speech, with rumours of a leadership challenge...

On Tuesday’s trading session, the Pound advanced slightly against the New Zealand Dollar. Opening at an exchange rate of 1.8467, the GBP/NZD pairing later closed at 1.8484. Today’s Pound Influencers – Higher UK Services Score but ‘Disastrous’ May Speech Today’s primary UK economic data has covered PMIs, which look at the...

The Pound New Zealand Dollar exchange rate tumbled today as markets responded to news that UK manufacturing activity slipped below forecasts in September. UK IHS Markit Manufacturing PMI Misses its Mark – GBP Falls The IHS Markit UK manufacturing PMI dropped to 55.9 in September, below the downwardly revised 56.7 figure in August and...

The latest raft of UK data failed to inspire confidence amongst investors, prompting the Pound US Dollar exchange rate to extend its slump further. Markets were disappointed by an unexpected downwards revision to the second quarter UK gross domestic product, which was lowered from 1.7% to 1.5%. While the quarterly figure held steady...

On Thursday’s trading session, the Euro steadily gained on the US Dollar. It initially opened at 1.1867 and closed at a higher rate of 1.1941. Euro Boosted by Forecast-Beating Economic Activity On the home front, the Euro has been supported against the US Dollar by initial PMI figures for September. On the month, Eurozone, French...

As investors anticipated a key Brexit speech from UK Prime Minister Theresa May on Friday morning, the Euro to British Pound exchange rate edged higher thanks to some strong Eurozone PMI projections. The pair could fall if the afternoon’s Brexit speech impresses markets however. The pair has seen mixed movement over the past week....

The pound to dollar exchange rate ended the week at the best levels since the EU Referendum vote last year. Cable is quoted at 1.35925 on Saturday, September 16. GBP/USD continued to climb on Friday as Bank of England (BoE) member Gertjan Vlieghe unexpectedly expressed hawkish sentiment. GBP Surges as BoE Vlieghe Claims that Rate...

The Euro US Dollar exchange rate fluctuated today with both the US and nations within the Bloc releasing upbeat inflation data. US Inflation Beats Expectations, USD Bolstered Year-on-year US consumer prices in the US jumped 1.9% in August, beating both July’s 1.7% increase and the market forecast of 1.8%. This was their highest...