Latest Articles by Frank Davies

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

GBP USD Exchange Rate Under Pressure as Markets Brace for Federal Reserve Rate Hike

13 Jun 2018 at 3 PM - Written by Frank Davies

GBP USD Exchange Rate Under Pressure as Markets Brace for Federal Reserve Rate Hike
The Pound US Dollar (GBP/USD) exchange rate remained under pressure on Wednesday as investors reacted with disappointment to the latest UK consumer price index data. As the headline CPI held steady at 2.4% on the year in May, remaining at a one-year low, this prompted speculation that the inflation rate has peaked. This weaker showing...

CATEGORIES: Pound Dollar Forecasts

GBP to AUD Exchange Rate Recovers from Monday Slump as UK Services Beat Forecasts

5 Jun 2018 at 4 PM - Written by Frank Davies

GBP to AUD Exchange Rate Recovers from Monday Slump as UK Services Beat Forecasts
Following a surge in demand for the Australian Dollar at the beginning of the week, the British Pound to Australian Dollar (GBP/AUD) exchange rate recovered slightly on Tuesday. Britain’s latest services PMI data beat forecasts, bolstering hopes that Britain’s economy was rebounding and could see stronger growth later in the...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to CAD Exchange Rebounds from Worst Levels as Oil Prices Drag Canadian Dollar Lower

29 May 2018 at 5 PM - Written by Frank Davies

GBP to CAD Exchange Rebounds from Worst Levels as Oil Prices Drag Canadian Dollar Lower
Despite a surge in risk-sentiment briefly dragging the British Pound to Canadian Dollar (GBP/CAD) exchange rate lower on Tuesday morning, the pair had recovered most of its losses by the afternoon as investors lost appetite for Canadian Dollar trade. Falling prices of oil, Canada’s most lucrative commodity, weighed on the...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to EUR Exchange Rate Edges Higher as Bank of England Officials Take Surprisingly Hawkish Tone

22 May 2018 at 1 PM - Written by Frank Davies

GBP to EUR Exchange Rate Edges Higher as Bank of England Officials Take Surprisingly Hawkish Tone
Despite broad political jitters weighing on the Euro, and hopes that the Bank of England (BoE) could still be more hawkish than expected on Britain’s economy, the British Pound to Euro (GBP/EUR) exchange rate’s recovery was limited on Tuesday. Sterling traders highly anticipate key UK data due later in the week before making any big moves...

CATEGORIES: Pound Euro Forecasts

GBP CAD Exchange Rate Slumps Sharply as BoE Lowers UK Growth Forecasts

10 May 2018 at 5 PM - Written by Frank Davies

GBP CAD Exchange Rate Slumps Sharply as BoE Lowers UK Growth Forecasts
In the wake of the Bank of England’s (BoE) May policy meeting the Pound Canadian Dollar (GBP/CAD) exchange rate came under significant pressure. While markets had already effectively ruled out the prospect of an interest rate hike the Pound still came under fire after the Monetary Policy Committee (MPC) voted to leave policy...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CHF Exchange Rate Edges Higher Following Friday Plunge

30 Apr 2018 at 5 PM - Written by Frank Davies

GBP to CHF Exchange Rate Edges Higher Following Friday Plunge
Last week’s underwhelming UK Gross Domestic Product (GDP) projections led to a broad Pound selloff, so the British Pound to Swiss Franc (GBP/CHF) exchange rate shed all of last week’s gains on Friday. While the pair rebounded slightly on Monday, Sterling lacked the drive to make a stronger recovery. As the Swiss Franc continues to see...

CATEGORIES: Pound Swiss Franc Forecasts

EUR to USD Exchange Rate Weakness Persists on Perceived Central Bank Divergence

24 Apr 2018 at 4 PM - Written by Frank Davies

EUR to USD Exchange Rate Weakness Persists on Perceived Central Bank Divergence
Markets are increasingly expecting wider policy divergence from the European Central Bank (ECB) and the Federal Reserve, and low ECB interest rate hike bets are leaving the Euro to US Dollar (EUR/USD) exchange rate unappealing. The pair is currently on track to see its second consecutive week of losses. Last week saw EUR/USD slide around...

CATEGORIES: Euro Pound Forecasts

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