Latest Articles by Minesh Chaudhari

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

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

Daily Currency News: GBP/ZAR Exchange Rate Rises as UK Manufacturing Sector Grows

1 Oct 2018 at 3 PM - Written by Minesh Chaudhari

Daily Currency News: GBP/ZAR Exchange Rate Rises as UK Manufacturing Sector Grows
Last week saw the Pound open trading against the Rand around ZA18.7752 on Monday and close slightly lower at a level of ZA18.4196 on Friday. This overall depreciation came after UK GDP growth missed forecasts – the yearly Q2 2018 reading rose from 1.1% to 1.2%, missing the expected 1.3% printing. Business investment stats proved...

CATEGORIES: Pound Rand Forecasts

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