Latest Articles by Toni Johnson

The most recent currency news items written by author Toni Johnson.

BCC Growth Forecast Downgrade Triggers GBP/AUD Exchange Rate Decline

18 Jun 2018 at 1 PM - Written by Toni Johnson

BCC Growth Forecast Downgrade Triggers GBP/AUD Exchange Rate Decline
Last week, the Pound to Australian Dollar exchange rate opened in the region of 1.7638 and rose to close higher around 1.7838. This appreciation was caused by the news that the US Federal Reserve had decided to hike interest rates, which strengthened the US Dollar and devalued the AUD. Falling Confidence after BCC Forecasts Triggers...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to ZAR Exchange Rate Hits Six-Month-High as Emerging Market Selloff Continues

15 Jun 2018 at 2 PM - Written by Toni Johnson

GBP to ZAR Exchange Rate Hits Six-Month-High as Emerging Market Selloff Continues
Due to multiple disappointing South African ecostats over the past week, investors have become more concerned that South Africa’s economy will continue to struggle this year. The latest Federal Reserve news put additional pressure on risky emerging market currencies like the Rand, helping the British Pound to South African Rand (GBP/ZAR)...

CATEGORIES: Pound Rand Forecasts

GBP to USD Exchange Rate Holds Most Weekly Gains on Bank of England (BoE) Speculation

8 Jun 2018 at 11 AM - Written by Toni Johnson

GBP to USD Exchange Rate Holds Most Weekly Gains on Bank of England (BoE) Speculation
This week’s US data has not been strong enough to keep pressure on the British Pound to US Dollar (GBP/USD) exchange rate, as Sterling has benefitted from UK data and Bank of England (BoE) comments while investors have opted to sell the US Dollar from its recent highs. After opening this week at the level of 1.3348, GBP/USD has spent...

CATEGORIES: Pound Dollar Forecasts

GBP to CAD Exchange Rate Recovery Limited Despite Trade Jitters Hitting ‘Loonie’ Trade

1 Jun 2018 at 11 AM - Written by Toni Johnson

GBP to CAD Exchange Rate Recovery Limited Despite Trade Jitters Hitting ‘Loonie’ Trade
Due to a jump in trade jitters, following news that the US still intended to slap strict trade tariffs on imports of Canadian goods, the British Pound to Canadian Dollar (GBP/CAD) exchange rate saw a recovery towards the end of the week. However, its gains were limited amid broad weakness in Sterling trade. After opening this week at the...

CATEGORIES: Pound Canadian Dollar Forecasts

UK Retail Sales Recovery Fails to Prevent Pound to Japanese Yen (GBP/JPY) Exchange Rate Losses

24 May 2018 at 4 PM - Written by Toni Johnson

UK Retail Sales Recovery Fails to Prevent Pound to Japanese Yen (GBP/JPY) Exchange Rate Losses
On Wednesday, the Pound to Japanese Yen exchange rate fell from an opening level of 148.8958 to 146.9153. This Pound Sterling decline was mainly down to UK inflation rate data, which ended up disappointing traders and led to GBP losses against peers including the Yen. Month-on-month inflation rates rose in April, but both the base and...

CATEGORIES: Pound Yen Forecasts

GBP to NZD Exchange Rate Falls from Highs on Brief Risk Rally

16 May 2018 at 12 PM - Written by Toni Johnson

GBP to NZD Exchange Rate Falls from Highs on Brief Risk Rally
Despite broad market pessimism surrounding Britain’s economy and the Bank of England’s (BoE) monetary policy outlook, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate saw solid gains earlier in the week. The pair fell slightly from its weekly highs during Wednesday’s European session. Last week saw GBP/NZD fall –...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP/NZD Exchange Rate Forecast: Will UK Wage Growth Slowdown Lower Pound Demand?

14 May 2018 at 3 PM - Written by Toni Johnson

GBP/NZD Exchange Rate Forecast: Will UK Wage Growth Slowdown Lower Pound Demand?
Last week, the Pound to New Zealand Dollar exchange rate opened in the region of 1.9280 and closed higher around 1.9435. This was an overall weekly improvement, but the GBP/NZD pairing failed to maintain a weekly high of 1.9645 seen on Thursday. Hopes for Less Extreme Brexit Enable GBP/NZD Exchange Rate Rise The Pound (GBP) has...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP/AUD Exchange Rate Advances Today ahead of Forecast Bank of England (BoE) Interest Rate Freeze

9 May 2018 at 4 PM - Written by Toni Johnson

GBP/AUD Exchange Rate Advances Today ahead of Forecast Bank of England (BoE) Interest Rate Freeze
On Tuesday’s trading session, the Pound to Australian Dollar exchange rate opened in the region of 1.8037 and closed higher around 1.8194. This appreciation was partly down to hopes for a possible softening of the final Brexit deal, as well as a mixed reaction to the 2018 Australian Federal Budget. In the former case, Sterling...

CATEGORIES: Pound Australian Dollar Forecasts

GBP/AUD Exchange Rate Steady despite Above-Forecast UK Construction Sector Growth

2 May 2018 at 1 PM - Written by Toni Johnson

GBP/AUD Exchange Rate Steady despite Above-Forecast UK Construction Sector Growth
On 1st May, the Pound to Australian Dollar exchange rate opened trading in the region of 1.8284 but closed down lower around 1.8188. This deterioration was caused by a disappointing manufacturing PMI reading for April, which showed a greater than expected slowdown in activity. The result was especially worrying for Pound traders as...

CATEGORIES: Pound Australian Dollar Forecasts

GBP/AUD Exchange Rate Drops -0.8% after Gloomy UK GDP Growth Forecast

27 Apr 2018 at 12 PM - Written by Toni Johnson

GBP/AUD Exchange Rate Drops -0.8% after Gloomy UK GDP Growth Forecast
On Thursday’s trading session, the Pound to Australian Dollar exchange rate opened in the region of 1.8414 and closed marginally higher around 1.8419. This minor advance in the GBP/EUR exchange rate came as MPs met in the House of Commons to discuss UK membership of the EU customs union. The debate ended with a majority of MPs backing...

CATEGORIES: Pound Australian Dollar Forecasts