Latest Articles by Minesh Chaudhari

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

GBP to EUR Exchange Rate Continues to Fluctuate as Investors Await Brexit Developments

6 Dec 2017 at 4 PM - Written by Minesh Chaudhari

GBP to EUR Exchange Rate Continues to Fluctuate as Investors Await Brexit Developments
Due to a lack of impressive Eurozone ecostats in recent sessions, the British Pound to Euro exchange rate has been able to hold its ground. However, Sterling still remains highly volatile as investors are concerned about obstacles preventing progress in Brexit negotiations. Despite all the Brexit news in recent sessions, the GBP/EUR...

CATEGORIES: Pound Euro Forecasts

EUR to GBP Exchange Rate Recovers as Eurozone PMI Projections Impress Investors

23 Nov 2017 at 4 PM - Written by Minesh Chaudhari

EUR to GBP Exchange Rate Recovers as Eurozone PMI Projections Impress Investors
Strong PMI data from the Eurozone, as well as indications of policymaker disagreement within the European Central Bank (ECB) boosted the Euro to British Pound exchange rate on Thursday. Sterling remained weak due to expectations for subdued growth in Britain. Despite this, the EUR/GBP exchange rate continues to trend below the week’s...

CATEGORIES: Euro Pound Forecasts

GBP to AUD Exchange Rate Continues to Climb on Fresh Brexit Hopes

20 Nov 2017 at 1 PM - Written by Minesh Chaudhari

GBP to AUD Exchange Rate Continues to Climb on Fresh Brexit Hopes
Despite some underwhelming UK inflation and job market data last week, the British Pound to Australian Dollar exchange rate was able to advance as investors lost appetite for risky currencies like the ‘Aussie’. Sterling continued to firm on Monday amid fresh hopes for progress in Brexit talks. Last week saw the GBP/AUD exchange rate...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to NZD Exchange Rate Plunges to Multi-Week-Lows on RBNZ Decision

9 Nov 2017 at 11 AM - Written by Minesh Chaudhari

GBP to NZD Exchange Rate Plunges to Multi-Week-Lows on RBNZ Decision
An unexpectedly hawkish Reserve Bank of New Zealand (RBNZ) during Thursday’s Asian session caused the British Pound to New Zealand Dollar exchange rate to plunge to new weekly lows. Sterling movement has been mixed due to domestic political uncertainties. After opening the week at 1.8934 and climbing to a high of 1.9089 earlier in the...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to CAD Exchange Rate Holds Near Four-Month-High after Poor Canadian Growth Stats

1 Nov 2017 at 2 PM - Written by Minesh Chaudhari

GBP to CAD Exchange Rate Holds Near Four-Month-High after Poor Canadian Growth Stats
Market hopes for developments in the Brexit process, as well as underwhelming Canadian ecostats, have left the British Pound to Canadian Dollar exchange rate easily advancing this week. The pair could climb higher depending on Thursday’s Bank of England (BoE) decision too. Sterling’s recovery has continued this week, as GBP/CAD opened...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to USD Exchange Rate Fluctuates as Investors Speculate on Next Possible Fed Chair

24 Oct 2017 at 1 PM - Written by Minesh Chaudhari

GBP to USD Exchange Rate Fluctuates as Investors Speculate on Next Possible Fed Chair
Market jitters about the Brexit process have eased in recent sessions, but now concerns about the Bank of England (BoE) policy outlook are weighing on the British Pound to US Dollar exchange rate outlook instead. The US Dollar has been unable to capitalise due to Federal Reserve Chair uncertainty. Volatility in both currencies has caused...

CATEGORIES: Pound Dollar Forecasts

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