Latest Articles by Minesh Chaudhari

The most recent currency news items written by author Minesh Chaudhari.

GBP to EUR Exchange Rate Strengthens as EU Negotiators Offer Hope on Brexit

13 Oct 2017 at 12 PM - Written by Minesh Chaudhari

GBP to EUR Exchange Rate Strengthens as EU Negotiators Offer Hope on Brexit
Hopes that the EU would cooperate with Britain for a post Brexit transitional deal and even hints of trade talks have left the British Pound to Euro exchange rate more appealing on Friday. However, uncertainty remains and has kept the Pound away from its best levels. After opening the week at the level of 1.1138, GBP/EUR tumbled to a low...

CATEGORIES: Pound Euro Forecasts

GBP CAD Fluctuates as Oil Prices Surge

20 Sep 2017 at 4 PM - Written by Minesh Chaudhari

GBP CAD Fluctuates as Oil Prices Surge
The Pound Canadian Dollar exchange rate fluctuated today with the Pound bolstered by positive UK retail sales figures and the Canadian Dollar boosted by a surge in oil prices. UK Retail Sales Smash Expectations, Pound Gains The Office for National Statistics (ONS) revealed today that retail sales in the UK grew by 1% month-on-month in...

CATEGORIES: Pound Canadian Dollar Forecasts

Today's Euro to Pound Sterling Exchange Rate Tumbles to 2-Month Low on BoE Comments; EUR/GBP @ 0.878

16 Sep 2017 at 12 PM - Written by Minesh Chaudhari

Today's Euro to Pound Sterling Exchange Rate Tumbles to 2-Month Low on BoE Comments; EUR/GBP @ 0.878
The euro to British pound exchange rate is now trading at the lowest level since for two months, quoted at £1 = 0.87890 euros. "We accelerated lower on the MPC news and are testing more important pivot support in the 0.8850-0.8750 region. This pivot is part of the broad medium-term range between 0.8250 and 0.8415. Momentum studies still...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts Pound St Forecasts

GBP to USD Exchange Rate Continues its Climb as UK Manufacturing Impresses

8 Sep 2017 at 12 PM - Written by Minesh Chaudhari

GBP to USD Exchange Rate Continues its Climb as UK Manufacturing Impresses
Despite mixed UK data over the past week, investors have been buying the undervalued Pound from its lows, helping the British Pound to US Dollar to advance. The ‘Greenback’ has been held back by underwhelming US data and low Fed rate hike bets. After a modest gain last week, the GBP/USD exchange rate has seen a much stronger climb in...

CATEGORIES: Pound Dollar Forecasts

Today's Pound to Dollar Exchange Outlook, Forecasts & Key Data for the New Week

28 Aug 2017 at 1 PM - Written by Minesh Chaudhari

Today's Pound to Dollar Exchange Outlook, Forecasts & Key Data for the New Week
The British Pound to Dollar exchange rate is creeping high on Bank Holiday Monday in the UK, quoted at £/$ 1.29160, 0.1% higher on the day's open. The key GBP-impacting events over the next seven days include the BRC Shop Price Index, the Nationwide HPI, the Net Lending to Individuals, the M4 Money Supply, the Mortgage Approvals, the GfK...

CATEGORIES: American Dollar Forecasts Currency Predictions Pound Dolla Forecasts

Could the GBP NZD Exchange Rate Slump Further on UK Borrowing Figures?

22 Aug 2017 at 12 PM - Written by Minesh Chaudhari

Could the GBP NZD Exchange Rate Slump Further on UK Borrowing Figures?
Even though market jitters mounted ahead of the weekend this was not enough to shore up the Pound New Zealand Dollar exchange rate. The mood towards the Pound remained distinctly bearish even in the wake of a stronger-than-expected uptick in July’s UK retail sales data. Although the headline figures were positive, though, the...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

Today's Best Euro Rate Slides but EUR/GBP Remains High Despite ECB Rhetoric

20 Aug 2017 at 9 AM - Written by Minesh Chaudhari

Today's Best Euro Rate Slides but EUR/GBP Remains High Despite ECB Rhetoric
The euro to pound sterling exchange rate ended the week's trade valued at 0.91339 on Saturday 19th August. Analysts at Lloyds Bank highlight the EUR/GBP strength looks set to continue in the near-term: "Still no change, with the current bull trend intact, despite traditional technical warning signs of a pullback. As we have highlighted,...

CATEGORIES: Euro Pound Forecasts

GBP to USD Exchange Rate Sheds Week’s Gains Ahead of US NFP Report

4 Aug 2017 at 12 PM - Written by Minesh Chaudhari

GBP to USD Exchange Rate Sheds Week’s Gains Ahead of US NFP Report
Despite broad US Dollar weakness lately, the British Pound to US Dollar exchange rate shed its weekly gains on Thursday as investors reacted to the latest Bank of England (BoE) news and awaited Friday’s key US data. The pair currently trends near the week’s opening levels of 1.3132, but as recently as yesterday GBP/USD hit a fresh 2017...

CATEGORIES: Pound Dollar Forecasts

Profit-Taking Drags EUR/USD Down from 2.5-Year High

27 Jul 2017 at 12 PM - Written by Minesh Chaudhari

Profit-Taking Drags EUR/USD Down from 2.5-Year High
The Euro to US Dollar exchange rate is weakening from a two-and-a-half-year high this morning following the latest US Federal Open Market Committee (FOMC) meeting. The EUR/USD exchange rate has weakened -0.2% to 1.1707 today. Profit-Taking Weakens EUR Ahead of Key US Economic Data The Euro had risen last night thanks to the weakness...

CATEGORIES: Euro Forecasts

GBP to USD Exchange Rate Recovers from Lows as UK Employment Stats Beat Expectations

12 Jul 2017 at 1 PM - Written by Minesh Chaudhari

GBP to USD Exchange Rate Recovers from Lows as UK Employment Stats Beat Expectations
Dovish comments from Bank of England (BoE) officials this week have left the British Pound to US Dollar exchange rate weaker, though the pair was able to recover from its lows on Wednesday due to decent UK employment stats and a weaker US Dollar. Due to weakness in both currencies, GBP/USD has seen volatility this week. The pair started...

CATEGORIES: Pound Dollar Forecasts