Latest Articles by Toni Johnson

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

Growing Fears over ‘No-Deal’ Brexit Drag Pound to Canadian Dollar (GBP/CAD) Exchange Rate Down

6 Aug 2018 at 5 PM - Written by Toni Johnson

Growing Fears over ‘No-Deal’ Brexit Drag Pound to Canadian Dollar (GBP/CAD) Exchange Rate Down
Last week saw the Pound to Canadian Dollar exchange rate open in the region of CA$1.7128 on Monday and close down lower at a level of CA$1.6899 on Friday. This steady deterioration of the GBP/CAD exchange rate was down to the aftermath of a Bank of England (BoE) interest rate decision. As expected, BoE policymakers historically approved...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to NZD Dollar Exchange Rate Fails to Advance as UK Services PMI Falls Short

3 Aug 2018 at 2 PM - Written by Toni Johnson

GBP to NZD Dollar Exchange Rate Fails to Advance as UK Services PMI Falls Short
Despite underwhelming New Zealand data and continued market aversion to risky trade-correlated currencies amid US-China trade anxieties, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has ultimately failed to move much this week at all due to significant Brexit jitters weighing on the Pound’s appeal. Since opening this...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to AUD Exchange Rate Gains Limited Ahead of Key Australian Inflation Report

24 Jul 2018 at 1 PM - Written by Toni Johnson

GBP to AUD Exchange Rate Gains Limited Ahead of Key Australian Inflation Report
Investors were hesitant to keep buying the British Pound to Australian Dollar (GBP/AUD) throughout Tuesday’s European session, despite some decent UK ecostats from the Confederation of British Industry (CBI), as markets highly anticipated Wednesday’s key Australian Consumer Price Index (CPI) inflation results. Despite broad market...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to JPY Exchange Rate Sheds Most of Last Week’s Gains as UK Data Continues to Disappoint

19 Jul 2018 at 1 PM - Written by Toni Johnson

GBP to JPY Exchange Rate Sheds Most of Last Week’s Gains as UK Data Continues to Disappoint
Economic concerns continued to pile on top of the Pound on Thursday, exacerbating concerns about the potential effects of the Brexit process and knocking the British Pound to Japanese Yen (GBP/JPY) exchange rate lower. The Japanese Yen was able to easily benefit thanks to stronger market demand for safe haven currencies as US-China trade war...

CATEGORIES: Pound Yen Forecasts

Pound Sterling News: Pound to Euro Exchange Rate Drops -0.4% as Brexit Worries Hit Home

5 Jul 2018 at 5 PM - Written by Toni Johnson

Pound Sterling News: Pound to Euro Exchange Rate Drops -0.4% as Brexit Worries Hit Home
On Wednesday, the Pound to Euro exchange rate opened in the region of 1.1316 and closed higher around 1.1344 by the end of daily trading. The GBP/EUR exchange rate was mainly aided by the morning’s UK services PMI, which revealed unexpected growth in June. Chartered Institute of Procurement and Supply Group Director Duncan Brock...

CATEGORIES: Pound Euro Forecasts

GBP to INR Exchange Rate Hits Multi-Week-High as UK Services Report Beats Forecasts

4 Jul 2018 at 3 PM - Written by Toni Johnson

GBP to INR Exchange Rate Hits Multi-Week-High as UK Services Report Beats Forecasts
While the Indian Rupee has rebounded from its recent lows against the US Dollar this week, its gains have not been enough to help it hold against a strengthening Pound. The British Pound to Indian Rupee (GBP/INR) exchange rate advanced thanks to UK data on Wednesday, hitting its best levels in weeks. Despite Brexit jitters weighing on...

CATEGORIES: Pound Rupee Forecasts

GBP to USD Exchange Rate Hits 7-Month-Lows as Brexit Jitters Prevent Recovery

28 Jun 2018 at 2 PM - Written by Toni Johnson

GBP to USD Exchange Rate Hits 7-Month-Lows as Brexit Jitters Prevent Recovery
Despite last week’s seemingly hawkish Bank of England (BoE) policy decision, markets have returned to wondering whether or not the bank will hike UK rates at all this year and the British Pound to US Dollar (GBP/USD) exchange rate has tumbled. Investors are awaiting key UK and US data due for publication on Friday. Since the month of...

CATEGORIES: Pound Dollar Forecasts

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