Latest Articles by Frank Davies

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

GBP USD Exchange Rate Under Pressure as US Industrial Production Improves

17 Apr 2018 at 4 PM - Written by Frank Davies

GBP USD Exchange Rate Under Pressure as US Industrial Production Improves
Although the UK unemployment rate unexpectedly fell to a fresh forty-two year low on Tuesday this failed to give the Pound US Dollar (GBP/USD) exchange rate a boost. While the UK labour market continued to tighten this did not result in any particular uptick in average weekly earnings, which showed steady growth of 2.8% in the three months...

CATEGORIES: Pound Dollar Forecasts

GBP AUD Exchange Rate Flounders in Spite of Hawkish BoE Comments

10 Apr 2018 at 2 PM - Written by Frank Davies

GBP AUD Exchange Rate Flounders in Spite of Hawkish BoE Comments
Comments from Chinese president Xi Jinping encouraged a resurgence in market risk appetite, to the detriment of the Pound Australian Dollar (GBP/AUD) exchange rate. Demand for the risk-sensitive Australian Dollar picked up in response to President Xi’s more measured tone on the subject of trade, which suggests a greater chance of...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to NZD Exchange Rate Slips from Highs as Risk-Appetite Rises on North Korea News

9 Apr 2018 at 1 PM - Written by Frank Davies

GBP to NZD Exchange Rate Slips from Highs as Risk-Appetite Rises on North Korea News
Despite persistent concerns about the possibility of a ‘trade war’ breaking out between the US and China, other aspects have supported risky currencies like the New Zealand Dollar instead and this has kept the British Pound to New Zealand Dollar (GBP/NZD) exchange rate from advancing. Due to risk-sentiment and weak UK data last week,...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to EUR Exchange Rate Fluctuating Ahead of Thursday’s Key UK and Eurozone Datasets

28 Mar 2018 at 4 PM - Written by Frank Davies

GBP to EUR Exchange Rate Fluctuating Ahead of Thursday’s Key UK and Eurozone Datasets
Hopes that the UK government was closer to finding a solution to the persistent issue of the Irish border post-Brexit was not enough to help the British Pound to Euro (GBP/EUR) exchange rate to sustain gains on Wednesday. The pair instead fluctuated ahead of Thursday’s key datasets. Due to end of quarter fixings and mixed market...

CATEGORIES: Pound Euro Forecasts

GBP/USD Exchange Rate Flat on Uncertainty about Brexit Transition, US Trade Tariffs

23 Mar 2018 at 1 PM - Written by Frank Davies

GBP/USD Exchange Rate Flat on Uncertainty about Brexit Transition, US Trade Tariffs
On Thursday, the Pound to US Dollar exchange rate fell from an opening level of 1.4156 in the morning to close down lower around 1.4111 by the evening. The day’s main news was that the Bank of England (BoE) had left UK interest rates unchanged at 0.5%, but that there could be a rate hike as early as May 2018. Providing a detailed...

CATEGORIES: Pound Dollar Forecasts

GBP to USD Exchange Rate Slips from Highs despite Firming Bank of England (BoE) Bets

22 Mar 2018 at 5 PM - Written by Frank Davies

GBP to USD Exchange Rate Slips from Highs despite Firming Bank of England (BoE) Bets
Despite strong UK data and a hawkish tone from the Bank of England (BoE) during its policy decision on Thursday, the British Pound to US Dollar (GBP/USD) exchange rate fell back from its best levels towards the end of the day as the US Dollar strengthened. The pair has still seen strong gains throughout the week so far despite the Thursday...

CATEGORIES: Pound Dollar Forecasts

GBP to USD Exchange Rate Trends Nearer Weekly Highs as Political Uncertainties Drag on US Dollar

16 Mar 2018 at 1 PM - Written by Frank Davies

GBP to USD Exchange Rate Trends Nearer Weekly Highs as Political Uncertainties Drag on US Dollar
Cautious optimism about next week’s EU summit and the broad weakness of the US Dollar helped the British Pound to US Dollar (GBP/USD) exchange rate to advance on Friday. Due largely to USD weakness, GBP/USD has climbed over a cent from the week’s opening levels of 1.3849. The pair touched on a weekly high of 1.3993 on Wednesday but...

CATEGORIES: Pound Dollar Forecasts

GBP AUD Exchange Rate Slumps as EU Maintains Tough Line on Brexit

7 Mar 2018 at 12 PM - Written by Frank Davies

GBP AUD Exchange Rate Slumps as EU Maintains Tough Line on Brexit
In spite of a general increase in market risk aversion the Pound to Australian Dollar (GBP/AUD) exchange rate failed to find any fresh support on Wednesday morning. The resignation of key White House economic adviser Gary Cohn prompted fresh investor jitters, with the risk of an imminent global trade war seeming to have strengthened...

CATEGORIES: Pound Australian Dollar Forecasts

EUR to GBP Exchange Rate Fails to Hold Ground on Concerning Italian Election Results

5 Mar 2018 at 5 PM - Written by Frank Davies

EUR to GBP Exchange Rate Fails to Hold Ground on Concerning Italian Election Results
The weekend’s Eurozone political news was mixed and this left the Euro to British Pound (EUR/GBP) exchange rate lower on Monday. The Pound’s strength was bolstered slightly by news that Britain’s services sector had beaten expectations in February but its gains were limited by Brexit concerns. Due to Brexit uncertainties causing...

CATEGORIES: Euro Pound Forecasts

GBP EUR Exchange Rate Softens After Underwhelming January UK Retail Sales

16 Feb 2018 at 10 AM - Written by Frank Davies

GBP EUR Exchange Rate Softens After Underwhelming January UK Retail Sales
As January’s UK retail sales data fell short of forecast the mood of the Pound Euro (GBP EUR) exchange rate remained rather bearish. Although sales still saw a rebound on the month, reversing some of December’s sharp -1.6% contraction, this was not enough to encourage investors. With consumer spending failing to lift as markets had...

CATEGORIES: Pound Euro Forecasts