Latest Articles by Tim Boyer

The most recent currency news items written by author Tim Boyer.

Euro to Pound Exchange Rate Holds Ground Despite Slowing Eurozone Inflation

17 Dec 2018 at 4 PM - Written by Tim Boyer

Euro to Pound Exchange Rate Holds Ground Despite Slowing Eurozone Inflation
The Euro to British Pound (EUR/GBP) exchange rate held its ground on Monday, despite the latest Eurozone data falling short of expectations and hinting that the European Central Bank (ECB) was right to take a more dovish tone last week. Lasting Brexit uncertainties made it easier for the Euro to avoid losses versus the Pound. Brexit...

CATEGORIES: Euro Pound Forecasts

Pound to Dollar Exchange Rate Surges as Market’s Safe Haven Selloff Continues

5 Dec 2018 at 5 PM - Written by Tim Boyer

Pound to Dollar Exchange Rate Surges as Market’s Safe Haven Selloff Continues
Since markets opened this week, the British Pound to US Dollar (GBP/USD) exchange rate has seen mixed movement as Brexit news keeps Sterling volatile. However, the US Dollar’s weakness on market demand for riskier currencies persisted today and made it easier for the pair to advance again. Despite slightly lower market safe haven demand,...

CATEGORIES: Pound Dollar Forecasts

Pound Euro Exchange Rate Recovers from Monday Slip as Eurozone Economic Sentiment Slumps

17 Nov 2018 at 8 AM - Written by Tim Boyer

Pound Euro Exchange Rate Recovers from Monday Slip as Eurozone Economic Sentiment Slumps
Fears that UK-EU Brexit negotiations could collapse or that UK Parliament could block a potential Brexit deal even if one is reached has kept major pressure on the British Pound to Euro (GBP/EUR) exchange rate, but some strong UK data and concerning Eurozone data has made it easier for the pair to hold above its worst levels. Due largely...

CATEGORIES: Pound Euro Forecasts

GBP to CAD Exchange Rate Climbs as US Midterm Election Uncertainty Dents Loonie

6 Nov 2018 at 11 AM - Written by Tim Boyer

GBP to CAD Exchange Rate Climbs as US Midterm Election Uncertainty Dents Loonie
Despite analyst caution and disappointing UK data on Monday, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has advanced this week so far. Investors have been selling the relatively risky trade-correlated Canadian Dollar in anticipation of today’s anticipated US 2018 Mid-Term Elections. A hawkish monetary policy outlook for...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to AUD Exchange Rate Avoids Worst Levels despite Brexit Fears Amid Risk-Aversion

23 Oct 2018 at 12 PM - Written by Tim Boyer

GBP to AUD Exchange Rate Avoids Worst Levels despite Brexit Fears Amid Risk-Aversion
The Australian Dollar’s recovery rally against the Pound has seemingly paused for now, despite broad weakness in Sterling, due to lingering risk-aversion in global markets. The British Pound to Australian Dollar has been able to avoid its worst levels as a result of mixed Australian Dollar demand. Last week’s Australian Dollar rally...

CATEGORIES: Pound Australian Dollar Forecasts

GBP JPY Exchange Rate Picks up as Japanese Service Sector Slows to Near-Stagnation

3 Oct 2018 at 12 PM - Written by Tim Boyer

GBP JPY Exchange Rate Picks up as Japanese Service Sector Slows to Near-Stagnation
A weaker-than-expected UK services PMI was not enough to drive the Pound Sterling to Japanese Yen (GBP/JPY) exchange rate lower on Wednesday. While the services PMI softened from 54.3 to 53.9 in September the sector remains firmly within a state of expansion, even in the face of mounting Brexit-based jitters. Although signs still point...

CATEGORIES: Pound Yen Forecasts

Pound Sterling to New Zealand Dollar (GBP/NZD) Exchange Rate Rises 1% on Brexit Reassurance

24 Sep 2018 at 5 PM - Written by Tim Boyer

Pound Sterling to New Zealand Dollar (GBP/NZD) Exchange Rate Rises 1% on Brexit Reassurance
Last week, the Pound opened trading against the New Zealand Dollar at a level of NZ$1.9984 on Monday and closed down lower around NZ$1.9550 on Friday. This deterioration was caused by a late-week Brexit scare, which began with Thursday’s EU summit. Taking place in Salzburg, this summit brought together EU leaders for what GBP traders...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP CAD Exchange Rate Gains Ground in Spite of Uneventful BoE Policy Meeting

13 Sep 2018 at 5 PM - Written by Tim Boyer

GBP CAD Exchange Rate Gains Ground in Spite of Uneventful BoE Policy Meeting
An uneventful Bank of England (BoE) policy meeting had limited impact on the Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate. As the Monetary Policy Committee (MPC) delivered a unanimous vote to leave interest rates on hold the Pound struggled to find any fresh momentum against its rivals. With rates looking set to remain on...

CATEGORIES: Pound Canadian Dollar Forecasts

Euro to US Dollar (EUR/USD) Exchange Rate Dips on Rumoured Italian QE Plans

29 Aug 2018 at 3 PM - Written by Tim Boyer

Euro to US Dollar (EUR/USD) Exchange Rate Dips on Rumoured Italian QE Plans
On Tuesday, the Euro to US Dollar (EUR/USD) exchange rate opened at a level of $1.1682 and closed trading slightly higher around $1.1691. This appreciation was thanks to Monday’s German economic confidence data, which showed rising levels of optimism across the board. Ifo’s business climate, current conditions and expectations...

CATEGORIES: Euro Forecasts

Limited UK Economic Data Pushes GBP/CAD (Pound to Canadian Dollar) Exchange Rate Higher

20 Aug 2018 at 1 PM - Written by Tim Boyer

Limited UK Economic Data Pushes GBP/CAD (Pound to Canadian Dollar) Exchange Rate Higher
Last week, the Pound (GBP) opened trading against the Canadian Dollar (CAD) at a level of CA$1.6776 on Monday. Pound Sterling quickly fell in the pairing to a low of CA$1.6597, which was the lowest exchange rate since October 2017. While it didn’t put the Pound back up to its best exchange rate of the week, Sterling later staged a...

CATEGORIES: Pound Canadian Dollar Forecasts