Latest Articles by Tim Boyer

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

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

GBP/NZD Exchange Rate News: Pound Sterling Drops after UK Wage Growth Slows

14 Aug 2018 at 4 PM - Written by Tim Boyer

GBP/NZD Exchange Rate News: Pound Sterling Drops after UK Wage Growth Slows
On Monday, the Pound to New Zealand Dollar exchange rate opened trading in the region of NZ$1.9376 and closed up higher around NZ$1.9411. This slight appreciation was caused by positive speculation that Tuesday’s UK wage growth data could show a rise in June. Pound to New Zealand Dollar (GBP/NZD) Exchange Rate Slides on UK Wage Growth...

CATEGORIES: Pound New Zealand Dollar Forecasts

Strife in Turkey Sends Pound Australian Dollar (GBP/AUD) Exchange Rate Higher

10 Aug 2018 at 2 PM - Written by Tim Boyer

Strife in Turkey Sends Pound Australian Dollar (GBP/AUD) Exchange Rate Higher
Pound Australian Dollar (GBP/AUD) Exchange Rate Lifted by Souring Risk-Appetite The Pound Australian Dollar (GBP/AUD) exchange rate has risen today as the tumbling Turkish Lira (TRY) puts higher risk and commodity-correlated currencies on the defensive. The Australian Dollar has also weakened today amid continuing trade strife, with...

CATEGORIES: Australian Dollar Forecasts Daily Currency Updates

GBP to EUR Exchange Rate Rebounds from Worst Levels in Profit Taking

9 Aug 2018 at 3 PM - Written by Tim Boyer

GBP to EUR Exchange Rate Rebounds from Worst Levels in Profit Taking
Amid a lack of fresh reasons to sell the Pound in recent sessions, the British Pound to Euro (GBP/EUR) exchange rate recovered slightly on Thursday. However, analysts predict the Pound’s potential for gains is limited, and that its Thursday gains are likely more due to profit taking and anticipation for upcoming UK data. Due to days of...

CATEGORIES: Pound Euro Forecasts

One-Off BoE Interest Rate Hike Drags Pound to US Dollar (GBP/USD) Exchange Rate Down

2 Aug 2018 at 5 PM - Written by Tim Boyer

One-Off BoE Interest Rate Hike Drags Pound to US Dollar (GBP/USD) Exchange Rate Down
On Wednesday, the Pound to US Dollar exchange rate opened in the region of $1.3126 and closed at a similar level, making daily movement minimal. The static GBP/USD trading was down to tension among Pound Sterling traders in the lull before Thursday’s Bank of England (BoE) interest rate decision. Although a rate hike seemed likely at...

CATEGORIES: Pound Dollar Forecasts

Pound to Indian Rupee (GBP/INR) Exchange Rate Drops -0.3% after UK Consumer Confidence Slides

31 Jul 2018 at 5 PM - Written by Tim Boyer

Pound to Indian Rupee (GBP/INR) Exchange Rate Drops -0.3% after UK Consumer Confidence Slides
Monday saw the Pound to Indian Rupee exchange rate open in the region of 89.9734 and after daily fluctuations, close up slightly higher around 90.2067. There was limited high-impact UK economic data out on Monday, so instead the GBP/INR exchange rate was boosted by speculation about the Bank of England (BoE). The UK central bank will...

CATEGORIES: Pound Rupee Forecasts