Latest Articles by James Fuller

The most recent currency news items written by author James Fuller.

GBP to CHF Exchange Rate Continues to Tumble as Swiss Government Hints at Further Franc Strength

19 Jun 2018 at 2 PM - Written by James Fuller

GBP to CHF Exchange Rate Continues to Tumble as Swiss Government Hints at Further Franc Strength
Demand for safe haven currencies like the Swiss Franc has surged this week, due to market jitters surrounding the possibility of a US-sparked global trade war. This has been the primary cause of British Pound to Swiss Franc (GBP/CHF) exchange rate losses this week, but domestic factors have only exacerbated GBP/CHF losses. Concerns about...

CATEGORIES: Pound Swiss Franc Forecasts

Daily Currency News: Pound Sterling to US Dollar (GBP/USD) Exchange Rate Drops as Tariffs Boost USD Appeal

19 Jun 2018 at 1 PM - Written by James Fuller

Daily Currency News: Pound Sterling to US Dollar (GBP/USD) Exchange Rate Drops as Tariffs Boost USD Appeal
Monday’s trading session saw the Pound to US Dollar exchange rate open in the region of 1.3271 and close down lower around 1.3258. This slight deterioration came after the news that the British Chambers of Commerce (BCC) had downgraded its UK economic growth forecasts for both 2018 and 2019. This year’s predicted growth levels were...

CATEGORIES: Pound Dollar Forecasts

Poor Eurozone Output Data Pushes GBP/EUR Exchange Rate Up by 0.3% Today

8 Jun 2018 at 11 AM - Written by James Fuller

Poor Eurozone Output Data Pushes GBP/EUR Exchange Rate Up by 0.3% Today
On Thursday, the Pound to Euro (GBP/EUR) exchange rate opened in the region of 1.1391 and closed lower around 1.1377. This minor decline was caused by GBP trader uncertainty about the potential resignation of Brexit Secretary David Davis. The issue at hand was the Brexit ‘backstop’, which is a planned ‘safety net’ policy that...

CATEGORIES: Pound Euro Forecasts

GBP EUR Exchange Rate Surges Higher on Hopes of Stronger Second Quarter UK Growth

5 Jun 2018 at 4 PM - Written by James Fuller

GBP EUR Exchange Rate Surges Higher on Hopes of Stronger Second Quarter UK Growth
A better-than-expected UK services PMI encouraged the Pound Euro (GBP/EUR) exchange rate to push higher on Tuesday, driven by improved confidence in the outlook of the domestic economy. Investors took encouragement from signs that the economy has bounced back from the weakness seen in March, boosting bets that the slowdown was only...

CATEGORIES: Pound Euro Forecasts

Growing Fears about Brexit-City Conditions Cause GBP/AUD Exchange Rate Losses

29 May 2018 at 1 PM - Written by James Fuller

Growing Fears about Brexit-City Conditions Cause GBP/AUD Exchange Rate Losses
Last week, the Pound to Australian Dollar exchange rate opened trading in the region of 1.7908 on Monday but closed down lower around 1.7620 on Friday. The Pound (GBP) was primarily weakened over the course of trading by signs that a Bank of England (BoE) interest rate hike was likely to be further off. Expectations for an imminent rate...

CATEGORIES: Pound Australian Dollar Forecasts

GBP/AUD Exchange Rate Drops -0.4% after Services Sector Data Misses Forecasts

3 May 2018 at 3 PM - Written by James Fuller

GBP/AUD Exchange Rate Drops -0.4% after Services Sector Data Misses Forecasts
During 2nd May’s trading session, the Pound to Australian Dollar exchange rate opened in the region of 1.8189 but closed down slightly lower around 1.8128. This decline was caused by a cautious reception to news of above-forecast UK construction sector growth in April. Despite the construction PMI rising by more than expected, the...

CATEGORIES: Pound Australian Dollar Forecasts

GBP/EUR Exchange Rate Update: Pound to Euro Exchange Rate Slides on Manufacturing Sector Slowdown

1 May 2018 at 3 PM - Written by James Fuller

GBP/EUR Exchange Rate Update: Pound to Euro Exchange Rate Slides on Manufacturing Sector Slowdown
On Monday, the Pound to Euro exchange rate opened in the region of 1.1357 but closed higher around 1.1398. This advance was primarily caused by the Euro weakening during the day, rather than there being any especially supportive UK economic data. The only notable Pound-supporting news was a Lloyds Bank survey of UK businesses. This...

CATEGORIES: Pound Euro Forecasts

GBP/EUR Exchange Rate Rises as UK Hits Historic Budget Surplus

24 Apr 2018 at 3 PM - Written by James Fuller

GBP/EUR Exchange Rate Rises as UK Hits Historic Budget Surplus
On Monday’s trading session, the Pound to Euro (GBP/EUR) exchange rate saw a minimal overall rise from an opening level of 1.1413 to close higher around 1.1416. There was little higher-impact UK data to boost the Pound, with the GBP/EUR exchange rate instead rising because of disappointing Eurozone PMI readings. UK news saw analysts...

CATEGORIES: Pound Euro Forecasts

GBP/AUD Exchange Rate Rises 0.3% as Hopes Rise for May UK Interest Rate Hike

20 Apr 2018 at 1 PM - Written by James Fuller

GBP/AUD Exchange Rate Rises 0.3% as Hopes Rise for May UK Interest Rate Hike
The Pound to Australian Dollar (GBP/AUD) exchange rate saw an overall (if minor) rise on 19th April, with an advance from the opening level of 1.8227 to close around 1.8236. The day’s main UK economic news was a set of data releases for retail sales in March. Levels of sales activity slowed, which initially prompted a sharp devaluation...

CATEGORIES: Pound Australian Dollar Forecasts

Euro to Pound Exchange Rate Forecast: Are EUR/GBP Losses Incoming on Falling Eurozone Confidence?

19 Apr 2018 at 3 PM - Written by James Fuller

Euro to Pound Exchange Rate Forecast: Are EUR/GBP Losses Incoming on Falling Eurozone Confidence?
On 18th April’s trading session, the Euro to Pound exchange rate (EUR/GBP) opened in the region of 0.8653 and rose to close higher around 0.8714. This appreciation was primarily because the Pound tumbled in value during the day; the morning’s Eurozone data ended up missing forecasts. In the former case, Sterling was significantly...

CATEGORIES: Euro Pound Forecasts