Latest Articles by Minesh Chaudhari

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

Pound Canadian Dollar Exchange Rate in Fresh Surge as No-Deal Brexit tol Be Avoided

14 Mar 2019 at 7 AM - Written by Minesh Chaudhari

Pound Canadian Dollar Exchange Rate in Fresh Surge as No-Deal Brexit tol Be Avoided
A fairly resilient Canadian Dollar, as well as market demand for riskier trade-correlated currencies, briefly saw the British Pound to Canadian Dollar (GBP/CAD) exchange rate shed all of Monday’s gains yesterday, but continued Brexit speculation has kept the Pound buoyed above the week’s opening levels as investors anticipated upcoming...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to AUD Exchange Rate Sheds Half a Cent amid Risk-On Rally

25 Feb 2019 at 4 PM - Written by Minesh Chaudhari

GBP to AUD Exchange Rate Sheds Half a Cent amid Risk-On Rally
The latest developments in US-China trade negotiations, combined with market uncertainty regarding how the Brexit process will unfold, made the British Pound to Australian Dollar (GBP/AUD) exchange rate tumble today. The Pound’s losses were limited though, by rumours that the Brexit process could be delayed for as long as two years. Due...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to CAD Exchange Rate Recovers as Loonie Suffers from Weaker Oil Prices

6 Feb 2019 at 12 PM - Written by Minesh Chaudhari

GBP to CAD Exchange Rate Recovers as Loonie Suffers from Weaker Oil Prices
Despite poor UK data and Brexit uncertainties worsening further this week, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has recovered from its worst levels amid fresh Canadian Dollar weakness. Investors sold the Canadian Dollar from its best levels as prices of oil, Canada’s most lucrative commodity, slumped. Following...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to EUR Exchange Rate Firms on UK Data and Brexit Speculation

22 Jan 2019 at 4 PM - Written by Minesh Chaudhari

GBP to EUR Exchange Rate Firms on UK Data and Brexit Speculation
Investors were more eager to buy the British Pound to Euro (GBP/EUR) exchange rate on Tuesday, as the latest UK data and Brexit news offered the Pound some fresh support. The Euro, on the other hand, remained unappealing amid concerns about the Eurozone’s slowing economic outlook and the latest disappointing Eurozone confidence...

CATEGORIES: Pound Dollar Forecasts

Pound v Canadian Dollar Exchange Rate Tumble Slows as Investors Await Bank of Canada (BoC) Decision

11 Jan 2019 at 1 AM - Written by Minesh Chaudhari

Pound v Canadian Dollar Exchange Rate Tumble Slows as Investors Await Bank of Canada (BoC) Decision
For most of the week so far, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has tumbled as investors anticipate developments in US-China trade negotiations, and markets bet that the Canadian Dollar may have a stronger year ahead of it following a mixed performance in 2018. The first week of 2019 saw notable losses for...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/NZD Outlook: Pound to New Zealand Dollar Exchange Rate Volatility Persists as Uncertainties Leave Both Currencies Weaker

17 Dec 2018 at 4 PM - Written by Minesh Chaudhari

GBP/NZD Outlook: Pound to New Zealand Dollar Exchange Rate Volatility Persists as Uncertainties Leave Both Currencies Weaker
Despite the deepening UK political and Brexit uncertainties seen last week, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate recovered most of its losses. When markets opened on Monday, the volatile exchange rate fluctuated as Brexit fears weighed on Sterling while the New Zealand Dollar’s strength was limited by global...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pounds to Yen Exchange Rate Climbs as Investors Sell Safe Havens

27 Nov 2018 at 2 PM - Written by Minesh Chaudhari

Pounds to Yen Exchange Rate Climbs as Investors Sell Safe Havens
Market demand for safe haven currencies like the Japanese Yen has been dwindling lately, and the Japanese Yen has seen little in the way of domestic support either. As a result, the British Pound to Japanese Yen (GBP/JPY) exchange rate saw some of the biggest gains among major Pound exchange rates on Monday. After opening last week at the...

CATEGORIES: Pound Yen Forecasts

EUR to USD Exchange Rate Recovers to Fortnight-High in Reaction to US Mid-Term Elections

7 Nov 2018 at 12 PM - Written by Minesh Chaudhari

EUR to USD Exchange Rate Recovers to Fortnight-High in Reaction to US Mid-Term Elections
While the results of the US 2018 Mid-Term Elections were largely unsurprising, the Euro to US Dollar (EUR/USD) exchange rate still benefitted from US Dollar weakness as US President Donald Trump’s ability to push through fiscal policy was perceived to have weakened. The Euro was supported by some of this week’s Eurozone data. Despite...

CATEGORIES: Euro Forecasts

GBP to CAD Exchange Rate Rebounds from 3-Week-Low Following Wednesday Plunge

25 Oct 2018 at 12 PM - Written by Minesh Chaudhari

GBP to CAD Exchange Rate Rebounds from 3-Week-Low Following Wednesday Plunge
Following the Bank of Canada’s (BoC) October policy decision on Wednesday, the Canadian Dollar saw a surge in demand. While the British Pound to Canadian Dollar (GBP/CAD) exchange rate has recovered from Wednesday’s lowest level, it is still on track to see significant losses throughout the week. Since opening this week at the level of...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Gains Seen on UK GDP Growth

10 Oct 2018 at 12 PM - Written by Minesh Chaudhari

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Gains Seen on UK GDP Growth
Tuesday opened with the Pound to Canadian Dollar exchange rate at a level of CA$1.6962; the pairing later closed daily trading at a higher level of CA$1.7021. This appreciation was brought on by lingering hopes for a Brexit deal being secured by the November deadline, despite a lack of recent progress in negotiations. GBP/CAD Exchange...

CATEGORIES: Pound Canadian Dollar Forecasts