Latest Articles by Frank Davies

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

Pound Canadian Dollar (GBP/CAD) Exchange Rate Stumbles on Signs of BOC Optimism

15 Nov 2019 at 11 AM - Written by Frank Davies

Pound Canadian Dollar (GBP/CAD) Exchange Rate Stumbles on Signs of BOC Optimism
Less Dovish BOC Commentary Limits Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Support A lack of dovishness from Bank of Canada (BOC) Governor Stephen Poloz helped to keep the Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate under pressure. As Poloz’s latest speech failed to drop any hints that the BOC is likely to...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Momentum Limited Thanks to UK Retail Sales Decline

14 Nov 2019 at 4 PM - Written by Frank Davies

Pound US Dollar (GBP/USD) Exchange Rate Momentum Limited Thanks to UK Retail Sales Decline
Underwhelming UK Retail Data Limits Pound Sterling US Dollar (GBP/USD) Exchange Rate Upside October’s UK retail sales data failed to impress investors, leaving the Pound Sterling to US Dollar (GBP/USD) exchange rate on a weaker footing. As sales excluding auto fuel unexpectedly contracted -0.2% on the month this undermined confidence...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Subdued as UK Inflation Disappoints Forecast

13 Nov 2019 at 4 PM - Written by Frank Davies

Pound US Dollar (GBP/USD) Exchange Rate Subdued as UK Inflation Disappoints Forecast
Disappointing UK Inflation Sees Pound Sterling US Dollar (GBP/USD) Exchange Rate Struggle A weaker-than-expected UK consumer price index kept the Pound Sterling to US Dollar (GBP/USD) exchange rate on a softer footing on Wednesday. While forecasts had pointed towards an easing in the headline inflation rate investors were still...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling to Dollar Exchange Rate: Sterling Sheds Value vs Dollar Further Ground on Improved US Consumer Confidence

10 Nov 2019 at 10 AM - Written by Frank Davies

Pound Sterling to Dollar Exchange Rate: Sterling Sheds Value vs Dollar Further Ground on Improved US Consumer Confidence
As the University of Michigan (UoM) consumer sentiment index showed a modest improvement on the month the Pound Sterling to US Dollar (GBP/USD) exchange rate shed further ground. With US consumer sentiment proving resilient in the face of ongoing trade tensions with China and the EU the risk of weaker economic growth appeared to...

CATEGORIES: Pound Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Crumbles as BoE Split Emerges

7 Nov 2019 at 4 PM - Written by Frank Davies

Pound US Dollar (GBP/USD) Exchange Rate Crumbles as BoE Split Emerges
Divided Bank of England Rate Vote Dents Pound Sterling US Dollar (GBP/USD) Exchange Rate A split in the Bank of England’s (BoE) latest interest rate decision caught markets off guard, leaving the Pound Sterling to US Dollar (GBP/USD) exchange rate on the back foot. Investors had anticipated another unanimous decision to leave interest...

CATEGORIES: Pound Dollar Forecasts

GBP/AUD Exchange Rate Hits Half-Month-Worst Following Reserve Bank of Australia Decision

6 Nov 2019 at 11 AM - Written by Frank Davies

GBP/AUD Exchange Rate Hits Half-Month-Worst Following Reserve Bank of Australia Decision
Despite some weak Australian retail sales data at the beginning of the week, Australian Dollar investors were relieved by a fairly neutral tone from the Reserve Bank of Australia (RBA) today, knocking the British Pound to Australian Dollar (GBP/AUD) exchange rate down as the ‘Aussie’ advanced. The Pound’s movement has remained volatile...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to CAD Exchange Rate Edging Higher despite Uncertainties over Likely UK Election

29 Oct 2019 at 3 PM - Written by Frank Davies

GBP to CAD Exchange Rate Edging Higher despite Uncertainties over Likely UK Election
Despite concerns over the next steps of the Brexit process, with a UK general election expected in the coming months, the British Pound to Canadian Dollar (GBP/CAD) exchange rate advanced slightly yesterday. The latest UK political uncertainties doused market risk-sentiment and dampened demand for the trade-correlated Canadian Dollar as...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound South African Rand (GBP/ZAR) Exchange Rate Slumps as Johnson Threats to Freeze Withdrawal Agreement

25 Oct 2019 at 1 PM - Written by Frank Davies

Pound South African Rand (GBP/ZAR) Exchange Rate Slumps as Johnson Threats to Freeze Withdrawal Agreement
Boris Johnson’s Election Push Drives Down Pound Sterling South African Rand (GBP/ZAR) Exchange Rate The latest comments from Boris Johnson saw the Pound Sterling to South African Rand (GBP/ZAR) exchange rate slump sharply ahead of the weekend. After threatening to pull the Brexit withdrawal agreement if Labour did not approve his...

CATEGORIES: South African Rand Forecasts

Euro US Dollar (EUR/USD) Exchange Rate Drops as Eurozone Manufacturing Decline Worsens

24 Oct 2019 at 3 PM - Written by Frank Davies

Euro US Dollar (EUR/USD) Exchange Rate Drops as Eurozone Manufacturing Decline Worsens
Contracting Eurozone Manufacturing Sector Keeps Euro US Dollar (EUR/USD) Exchange Rate on Back Foot As the German and Eurozone manufacturing sectors remained trapped in contraction territory the Euro to US Dollar (EUR/USD) exchange rate shed fresh ground. Investors were particularly concerned by the latest signs of weakness from the...

CATEGORIES: Euro Forecasts

GBP to ZAR Exchange Rate Tumbles on Fresh General Election Jitters

22 Oct 2019 at 4 PM - Written by Frank Davies

GBP to ZAR Exchange Rate Tumbles on Fresh General Election Jitters
Despite a lack of strong support for the South African Rand, a combination of trade sentiment and Brexit developments left the British Pound to South African Rand (GBP/ZAR) exchange rate much weaker this afternoon. Fresh speculation that the UK government’s Brexit plans could be blocked and lead to a relatively long Brexit delay, as well as...

CATEGORIES: Pound Rand Forecasts