Latest Articles by Frank Davies

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

GBP CAD Exchange Rate Tumbles as Brexit Talks Delayed until February 2018

8 Dec 2017 at 4 PM - Written by Frank Davies

GBP CAD Exchange Rate Tumbles as Brexit Talks Delayed until February 2018
The Pound Canadian Dollar (GBP CAD) exchange rate fell on Friday as markets responded to claims from various EU officials that the next phase of talks will not be able to take place until February 2018. No Brexit Trade Talks Until February 2018 – GBP CAD Tumbles EU officials have stated that no discussions on a trade deal can take...

CATEGORIES: Canadian Dollar Forecasts Daily Currency Updates

Pound Canadian Dollar (GBP CAD) Exchange Rate Tumbles as Canadian Unemployment Plummets

1 Dec 2017 at 5 PM - Written by Frank Davies

Pound Canadian Dollar (GBP CAD) Exchange Rate Tumbles as Canadian Unemployment Plummets
The Pound Canadian Dollar exchange rate fell almost 1.5% today as markets were surprised by better-than-expected Canadian unemployment figures and GDP. Canadian Data Proves Robust, CAD Exchange Rates Soar The Canadian economy expanded at an annualised rate of 1.7% in Q3 2017, admittedly down from the previous robust reading of 4.3% but...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions

GBP EUR Exchange Rate Declines as Brexit Committee Warns of Irish Border Difficulties

1 Dec 2017 at 12 PM - Written by Frank Davies

GBP EUR Exchange Rate Declines as Brexit Committee Warns of Irish Border Difficulties
Yesterday, the Pound saw a small rise against the Euro, from an opening rate of 1.1315 to close around the region of 1.1371. Pound to Euro Rate Drops Off after Irish Border Plans Hang in Doubt Surprisingly positive UK manufacturing data has failed to support the Pound today, which has instead declined against the Euro and most other...

CATEGORIES: Euro Pound Forecasts

USD GBP Exchange Rate Slides as UK Commits to Divorce Bill Sum

29 Nov 2017 at 1 PM - Written by Frank Davies

USD GBP Exchange Rate Slides as UK Commits to Divorce Bill Sum
The US Dollar Pound Sterling (USD GBP) exchange rate slipped Wednesday morning as markets responded to news that the UK has offered a larger potential divorce sum that could be worth up to 55bn Euros. Pound (GBP) Exchange Rates Climb on New Potential Divorce Bill Sum Whilst reports claim that there has been no final agreement on the...

CATEGORIES: Dollar Pound Forecasts

GBP EUR Exchange Rate Under Pressure as Eurozone Continues to Power Ahead

24 Nov 2017 at 10 AM - Written by Frank Davies

GBP EUR Exchange Rate Under Pressure as Eurozone Continues to Power Ahead
Demand for the Pound faltered on Friday morning as the latest YouGov survey found that UK consumer confidence had fallen to a post-Brexit low. At 106.6 the measure equalled the reading seen in the immediate aftermath of the Brexit vote, suggesting that consumers are taking a much more gloomy view this month. Some of this was attributed...

CATEGORIES: Pound Euro Forecasts

USD GBP Exchange Rate Struggles to Capitalise on UK Budget Worries

22 Nov 2017 at 10 AM - Written by Frank Davies

USD GBP Exchange Rate Struggles to Capitalise on UK Budget Worries
Anticipation for the latest UK Budget has kept the US Dollar Pound exchange rate on a narrow trend this week, with Chancellor Philip Hammond seen to have little room for manoeuver. As the Budget is unlikely to offer any particular economic stimulus, given the current sticky state of the UK’s finances, the mood towards the Pound is likely...

CATEGORIES: Pound Dollar Forecasts

GBP CAD Exchange Rate Falters as UK Borrowing Figures Put Pressure on Budget Announcement

21 Nov 2017 at 1 PM - Written by Frank Davies

GBP CAD Exchange Rate Falters as UK Borrowing Figures Put Pressure on Budget Announcement
Some of the wind went out of the Pound Canadian Dollar exchange rate’s sails in the wake of a disappointing UK public sector net borrowing figure. Markets were not impressed to find that the UK’s monthly deficit had risen to 8 billion in October, defying expectations of a slight improvement on the month. This larger figure puts...

CATEGORIES: Pound Canadian Dollar Forecasts

EUR USD Exchange Rate Firms after Forecast-Beating German GDP Growth

14 Nov 2017 at 9 AM - Written by Frank Davies

EUR USD Exchange Rate Firms after Forecast-Beating German GDP Growth
On Monday’s trading session, the Euro saw a minor rise against the US Dollar. The pairing opened trading in the region of 1.1651 in the morning, later closing slightly higher at 1.1663 by the end of the day. EUR USD Rate Bolstered by Soaring German GDP The Euro has been strongly supported by German data today, which has shown...

CATEGORIES: Euro Forecasts

EUR GBP Exchange Rate Soars Higher as Pressure Mounts on Theresa May

13 Nov 2017 at 10 AM - Written by Frank Davies

EUR GBP Exchange Rate Soars Higher as Pressure Mounts on Theresa May
Although October’s German wholesale price index data pointed towards an easing in price pressures this failed to keep the Euro Pound exchange rate on a weaker footing. Markets were rather more concerned by the latest developments surrounding Brexit, with the investors increasingly worried by the prospect of the UK government not...

CATEGORIES: Euro Pound Forecasts

GBP EUR Exchange Rates Tumble on Fresh UK Government Scandals

9 Nov 2017 at 3 PM - Written by Frank Davies

GBP EUR Exchange Rates Tumble on Fresh UK Government Scandals
The GBP EUR exchange rate tumbled today, with markets shifting to focus on the resignation of British Aid Minister Priti Patel on Wednesday night. May Suffers Second Resignation in a Week, GBP Exchange Rates Tumble UK Prime Minister Theresa May is now seeking to reassert her leadership following the second resignation from within her...

CATEGORIES: Currency Predictions Euro Pound Forecasts