Latest Articles by Frank Davies

On Wednesday, the Pound to New Zealand Dollar exchange rate opened trading in the region of NZ$1.9355. After a rocky day’s trading, Pound Sterling closed up slightly higher in the GBP/NZD pairing at a level of NZ$1.9357. The Pound initially rose to a daily high of NZ$1.9409, but failed to maintain this lead because of dwindling...

After gaining ground on the back of the unfolding Turkish financial crisis the US Dollar to Canadian Dollar (USD/CAD) exchange rate faltered on Tuesday morning. As market jitters eased this reduced the appeal of the US Dollar, which enjoyed a bullish run in response to the recent slump of the Turkish Lira. While trade relations between...

Wednesday’s trading session saw the Pound to Turkish Lira (GBP/TRY) exchange rate open in the region of 6.8206 and close higher at a level of 6.8410. The Pound has struggled against most other currency peers this week, so yesterday’s GBP/TRY exchange rate rise was mainly down to the Lira being the weaker currency. On the UK side of...

Tuesday’s trading session opened with the Pound to South African Rand exchange rate at a level of 17.4036. This proved to be a high point, as the Pound fell over the course of the day to close lower against the Rand at 17.2487. In a recurrent situation, the Pound’s losses against the Rand were caused by growing concerns that the UK...

Disappointing German industrial production figures were not enough to shore up the Pound Sterling Euro (GBP/EUR) exchange rate on Tuesday. While the Eurozone’s powerhouse economy continued to demonstrate signs of weakness the Euro remained on a generally stronger footing against its rivals. Even though German export volumes stagnated...

Deteriorating market sentiment left the Pound Sterling Australian Dollar (GBP/AUD) exchange rate on a downtrend as fears over Brexit escalated. Comments from international trade secretary Liam Fox prompted the Pound to slump sharply across the board, with investors spooked by his suggestion that the odds of a no deal Brexit are...

In spite of Bank of England (BoE) policymakers voting unanimously to raise interest rates on Thursday the Pound US Dollar (GBP/USD) exchange rate soon came under renewed pressure. Even as interest rates increased from 0.50% to 0.75% the mood towards the Pound deteriorated, largely driven by the latest commentary from BoE Governor Mark...

Despite the New Zealand Dollar’s broad weakness on market risk-aversion and an interest rate hike from the Bank of England (BoE), the British Pound to New Zealand Dollar (GBP/NZD) exchange rate may not have advanced much by the end of the week. Cautious tones from Bank of England officials continue to weigh heavily on the Pound. Since...

Last week, the Pound to South African Rand exchange rate opened at a level of ZAR17.6225 on Monday and closed down lower at ZAR17.2606 on Friday. This week-long deterioration was down to growing concerns that the UK could face a ‘no-deal’ Brexit, which might necessitate stockpiling essential supplies due to disrupted supply...

While Wednesday night’s developments in US-EU trade talks led to fresh weakness in the US Dollar, the British Pound to US Dollar (GBP/USD) exchange rate’s strength is still limited and on Thursday had shed some of its gains. US Dollar movement is likely to remain limited until Friday’s key US growth report is published. Despite the...