Latest Articles by Minesh Chaudhari

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

GBP to AUD Exchange Rate Recovers from Weekly Lows as UK Retail Sales Beat Forecasts

20 Sep 2018 at 1 PM - Written by Minesh Chaudhari

GBP to AUD Exchange Rate Recovers from Weekly Lows as UK Retail Sales Beat Forecasts
Due to mixed risk-sentiment and Brexit uncertainties, the British Pound to Australian Dollar (GBP/AUD) exchange rate has been volatile this week. On Thursday, strong UK retail sales results helped the Pound to rebound from its weekly lows and recover around half of its losses since Monday. After opening this week at the level of 1.8267,...

CATEGORIES: Pound Australian Dollar Forecasts

EUR to GBP Exchange Rate Remains Under Pressure as Eurozone Factory Data Disappoints

12 Sep 2018 at 1 PM - Written by Minesh Chaudhari

EUR to GBP Exchange Rate Remains Under Pressure as Eurozone Factory Data Disappoints
Bank of England (BoE) uncertainties and some strong Eurozone data on Tuesday helped the Euro to British Pound (EUR/GBP) exchange rate to edge away from weekly lows briefly, but on Wednesday some disappointing Eurozone factory stats left the pair trending near its worst levels in a month again. After opening this week at the level of...

CATEGORIES: Euro Pound Forecasts

GBP/NZD Exchange Rate Drops -0.3% as Brexit Fears and Manufacturing PMI Drag Pound Demand Down

3 Sep 2018 at 5 PM - Written by Minesh Chaudhari

GBP/NZD Exchange Rate Drops -0.3% as Brexit Fears and Manufacturing PMI Drag Pound Demand Down
Pound to New Zealand Dollar (GBP/NZD) Exchange Rate Drops on PMI Upset and Brexit Fears The Pound (GBP) has made notable losses against the New Zealand Dollar (NZD) and other currency peers today, falling in value because of the latest UK PMI and Brexit-related developments. In the former case, August’s manufacturing PMI has fallen by...

CATEGORIES: Pound New Zealand Dollar Forecasts

USD to GBP Exchange Rate Remains Higher Despite Pullback in USD Demand

16 Aug 2018 at 12 PM - Written by Minesh Chaudhari

USD to GBP Exchange Rate Remains Higher Despite Pullback in USD Demand
The US Dollar wasn’t quite as appealing on Thursday as market jitters revolving around Turkey and the Turkish Lira (TRY) lightened. However, the US Dollar to British Pound (USD/GBP) exchange rate remained resilient despite this week’s UK data generally coming in solidly, as ‘no deal’ Brexit fears persist. USD/GBP may be in for yet...

CATEGORIES: Dollar Pound Forecasts

Pound Sterling to Turkish Lira (GBP/TRY) Exchange Rate Rises on Hopes for BoE Interest Rate Hike

1 Aug 2018 at 5 PM - Written by Minesh Chaudhari

Pound Sterling to Turkish Lira (GBP/TRY) Exchange Rate Rises on Hopes for BoE Interest Rate Hike
The Pound to Turkish Lira exchange rate opened trading on Tuesday in the region of 6.4184 and after steady appreciation during the day, closed up higher around 6.4522. This appreciation came on a relatively quiet day in terms of economic news. The main source of support for the GBP/TRY exchange rate was speculation that the Bank of...

CATEGORIES: Pound Lira Forecasts

GBP to CAD Exchange Rate Struggles to Sustain Gains as NAFTA Hopes Rise

25 Jul 2018 at 12 PM - Written by Minesh Chaudhari

GBP to CAD Exchange Rate Struggles to Sustain Gains as NAFTA Hopes Rise
This week’s news that the UK Cabinet Office will be taking control of UK-EU Brexit negotiations from now on left the Pound most appealing and the British Pound to Canadian Dollar (GBP/CAD) exchange rate has climbed slightly as a result. However, the pair’s movement remains tight and the Canadian Dollar has found its own support in the...

CATEGORIES: Pound Canadian Dollar Forecasts

EUR/GBP Exchange Rate News: Euro to Pound Exchange Rate Losses Triggered by Poor German Confidence Data

10 Jul 2018 at 5 PM - Written by Minesh Chaudhari

EUR/GBP Exchange Rate News: Euro to Pound Exchange Rate Losses Triggered by Poor German Confidence Data
On Monday, the Euro to Pound exchange rate opened in the region of £0.8839 and closed higher in the region of £0.8870. This closing improved level was slightly below the day’s best EUR/GBP exchange rate, a high of £0.8892 seen at the height of Pound Sterling weakness. The sudden shift in EUR/GBP trading was caused by two...

CATEGORIES: Euro Pound Forecasts

GBP to AUD Exchange Rate Recovers from Weekly Lows on Receding UK Political Jitters and UK Growth Data

10 Jul 2018 at 4 PM - Written by Minesh Chaudhari

GBP to AUD Exchange Rate Recovers from Weekly Lows on Receding UK Political Jitters and UK Growth Data
Following a rise in market demand for risky trade-correlated currencies towards the end of last week, the British Pound to Australian Dollar (GBP/AUD) exchange rate has struggled to hold its ground this week so far. Still, the Pound was able to recover from its worst levels due to UK political news and growth stats Last week saw weakness...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to CAD Exchange Rate Sheds Weekly Gains as Investors Expect Slower Global Growth

14 Jun 2018 at 3 PM - Written by Minesh Chaudhari

GBP to CAD Exchange Rate Sheds Weekly Gains as Investors Expect Slower Global Growth
Despite some strong UK data on Thursday, the British Pound to Canadian Dollar (GBP/CAD) exchange rate’s gains were limited due to an afternoon boost in market demand for riskier currencies with higher yields. This was due to signs of caution from the European Central Bank (ECB) during its June policy decision. For most of the week,...

CATEGORIES: Pound Canadian Dollar Forecasts

EUR to GBP Exchange Rate Climbs on Calming Political Jitters Despite Mixed Eurozone Data

4 Jun 2018 at 1 PM - Written by Minesh Chaudhari

EUR to GBP Exchange Rate Climbs on Calming Political Jitters Despite Mixed Eurozone Data
Despite some mixed Eurozone data in recent sessions and some slightly better than expected data from the UK, the Euro to British Pound (EUR/GBP) exchange rate has been climbing since markets opened this week. The pair could climb even further if Tuesday’s UK services PMI disappoints investors. Eurozone political jitters caused EUR/GBP to...

CATEGORIES: Euro Pound Forecasts