Latest Articles by Frank Davies

Temporary Easing in Market Risk Aversion Knocks Pound New Zealand Dollar (GBP/NZD) Exchange Rate A general resurgence in market risk appetite saw the Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate knocked off its bullish trend on Thursday. While market anxiety over the spread of the coronavirus from China remained this was...

Surge in UK Business Optimism Fuels Pound Euro (GBP/EUR) Exchange Rate Leap The Pound Sterling to Euro (GBP/EUR) exchange rate made strong gains on Wednesday, benefitting from a surprise return to positivity for the CBI business optimism index. As the index leapt from -44 to 23 on the quarter this encouraged investors to pile back into...

Despite yesterday’s cooler Pound movement, the British Pound to Euro (GBP/EUR) exchange rate continued to trend closely to its best levels until this morning, when a combination of stronger Eurozone data and lingering Brexit uncertainty knocked the pair slightly. The Brexit process is going smoothly this month, but uncertainty over how...

Narrowed US Trade Deficit Drags Pound Sterling US Dollar (GBP/USD) Exchange Rate Lower A sharper-than-expected narrowing of the US trade deficit saw the Pound Sterling to US Dollar (GBP/USD) exchange rate slip on Tuesday. While forecasts had pointed towards an improvement in US trade investors were still impressed to find that the...

Weaker UK Consumer Credit Weighs on Pound Sterling Euro (GBP/EUR) Exchange Rate A sharper-than-expected easing in November’s UK consumer credit figure left the Pound Sterling to Euro (GBP/EUR) exchange rate on the back foot ahead of the weekend. As borrowing dropped from 1.33 billion to 0.56 billion this suggests that households took...

Pound Euro (GBP/EUR) Exchange Rate Slips as UK Manufacturing Contraction Deepens A slight upward revision to December’s UK manufacturing PMI was not enough to prevent the Pound Sterling to Euro (GBP/EUR) exchange rate from sliding on Thursday. In spite of the slight upgrade from its initial reading the index still hit its...

Dovish BoE Tilt Drags Down Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate The Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate extended its slide in the wake of the Bank of England’s (BoE) December interest rate announcement, hitting a fresh monthly low. While the BoE left interest rates on hold once again the...

Concerns that the US-China trade war could continue for an extended period of time are not doing much to weaken the trade-correlated New Zealand Dollar this week, as the British Pound to New Zealand Dollar (GBP/NZD) exchange rate tumbles today on a combination of UK election uncertainties and a weaker US Dollar. The New Zealand Dollar has...

Concerns about the US economic outlook, combined with US-China trade war fears and UK General Election hopes, are making it easier for the British Pound to US Dollar (GBP/USD) exchange rate to hold its best levels this week. The Pound outlook is sensitive though, and could see significant shifts depending on how Thursday’s election unfolds....

Stronger Conservative Polls Boost Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate With the Conservatives continuing to perform well in the polls the Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate climbed to its highest level since May. While it remains to be seen whether these polling figures will ultimately...