Latest Articles by Minesh Chaudhari

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

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

GBP to JPY Exchange Rate Tumbles as UK Growth Fails to Impress Investors

25 May 2018 at 1 PM - Written by Minesh Chaudhari

GBP to JPY Exchange Rate Tumbles as UK Growth Fails to Impress Investors
Despite underwhelming inflation data from Tokyo this week, the British Pound to Japanese Yen (GBP/JPY) exchange rate has seen major losses this week and could be in for another week of losses if investors continue to return to the ‘safe-haven’ Japanese Yen. Last week saw GBP/JPY climb from 148.15 to 149.19 – but this week the pair...

CATEGORIES: Pound Yen Forecasts

Euro-to-Pound Exchange Rate Edges Higher on Brexit Uncertainties Following Week of Losses

21 May 2018 at 5 PM - Written by Minesh Chaudhari

Euro-to-Pound Exchange Rate Edges Higher on Brexit Uncertainties Following Week of Losses
Despite Italian political uncertainties and bearish expectations for Eurozone inflation, the Euro to British Pound (EUR/GBP) exchange rate saw a modest recovery on Monday. This was largely due to Brexit and economic uncertainties weighing on Sterling ahead of this week’s key UK data reports. Italian political uncertainty had a big...

CATEGORIES: Pound Euro Forecasts

The Sterling-Rand Rate Climbs on Brexit Hopes and Market Risk-Aversion

18 May 2018 at 1 PM - Written by Minesh Chaudhari

The Sterling-Rand Rate Climbs on Brexit Hopes and Market Risk-Aversion
Concerns about the Brexit process, as well as disappointment in Britain’s economic outlook, did little to stop the British Pound to South African Rand (GBP/ZAR) exchange rate from climbing this week. Instead, broad risk-aversion has weakened the Rand and helped the Pound to recover most of its recent losses against the Rand. Last week...

CATEGORIES: Pound Rand Forecasts

USD to CAD Exchange Rate Fluctuates as Both Currencies Bolstered by Central Bank Speculation

1 May 2018 at 10 AM - Written by Minesh Chaudhari

USD to CAD Exchange Rate Fluctuates as Both Currencies Bolstered by Central Bank Speculation
While rising US Treasury 10-year bond yields helped the US Dollar to Canadian Dollar (USD/CAD) exchange rate to put in solid gains at the beginning of last week, its advance attempts since then have been limited by Canadian Dollar strength. So far this week the pair has fluctuated with an upside bias. Due to expectations of a strengthening...

CATEGORIES: Canadian Dollar Forecasts

GBP to AUD Exchange Rate Holds Near Weekly Highs as Risk-Sentiment Remains Low

26 Apr 2018 at 12 PM - Written by Minesh Chaudhari

GBP to AUD Exchange Rate Holds Near Weekly Highs as Risk-Sentiment Remains Low
Despite a lack of supportive factors in Pound trade and market anticipation for Friday’s UK growth projections, the British Pound to Australian Dollar (GBP/AUD) exchange rate has advanced this week due to market risk-version weighing on the Australian Dollar. A drop in Bank of England (BoE) interest rate hike bets caused GBP/AUD to slip...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to EUR Exchange Rate Plummets as Slowing UK Inflation Knocks Bank of England (BoE) Interest Rate Hike Bets

18 Apr 2018 at 12 PM - Written by Minesh Chaudhari

GBP to EUR Exchange Rate Plummets as Slowing UK Inflation Knocks Bank of England (BoE) Interest Rate Hike Bets
Following weeks of solid performance in Sterling, the British Pound to Euro (GBP/EUR) exchange rate plummeted on Wednesday. Pound investors were highly concerned by Britain’s surprisingly slow March inflation rate and Bank of England (BoE) interest rate hike bets fell as markets anticipated further signals from the bank. Last week saw...

CATEGORIES: Pound Euro Forecasts