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A round up of the latest daily currency updates from the Currency News desk.

Pound Euro Exchange Rate Steady Despite Downgrade Of France?s Credit Rating

20 Nov 2012 at 9 AM - Written by Ben Hughes

STORY LINK Pound Euro Exchange Rate Steady Despite Downgrade Of France?s Credit Rating

The primary risk event of note during the overnight Asian session came in the form of the release of the minutes of the latest Reserve Bank of Australia monetary policy meeting. The Bank’s policymakers announced their latest policy decision on 6th November and they surprised market participants at this time by opting to maintain domestic...

CATEGORIES: Australian Dollar Forecasts Daily Currency Updates Euro Forecasts E Forecasts

Gaza Crisis Threatens GBP USD Exchange Rate, More Funding For Greece Could See GBP EUR Tumble

19 Nov 2012 at 9 AM - Written by David Woodsmith

STORY LINK Gaza Crisis Threatens GBP USD Exchange Rate, More Funding For Greece Could See GBP EUR Tumble

The dark clouds are looming over the global markets as this week’s session gets underway, leading to the prospect of a pronounced firming of the safe haven US Dollar. The weekend currency market close saw an escalation of the Arab-Israeli crisis, specifically in the Gaza strip. A rocket attack on a residential property in the region...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Pound To Euro Exchange Rate Remains Dependent On Eurozone Debt Crisis

16 Nov 2012 at 9 AM - Written by Toni Johnson

STORY LINK Pound To Euro Exchange Rate Remains Dependent On Eurozone Debt Crisis

Yesterday represented a relatively quiet day on the foreign currency markets. The few noteworthy risk events told us very little that was not already known and ‘factored-in’ to pricing; the latest set of UK Retail Sales data came out relatively weak, meanwhile in the US, Initial Jobless Claims figures confirmed that the labour market of...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts Pound Eu Forecasts

FOMC Minutes Leave GBP USD Rate Unaltered, Eurozone Anti-Austerity Protests Threaten EUR

15 Nov 2012 at 9 AM - Written by Ben Hughes

STORY LINK FOMC Minutes Leave GBP USD Rate Unaltered, Eurozone Anti-Austerity Protests Threaten EUR

Last night’s release of the minutes of the most recent Federal Reserve FOMC meeting proved to be significant. The memos from the Fed’s monetary policy meeting from earlier this month revealed that several Fed policymakers were in favour of scrapping the US’s ‘Operation Twist’, which sees the US central bank swap long dated gilts for...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Pound Looks To Extend Yesterday?s Gains Against EUR, USD and AUD With Release Of Employment Data

14 Nov 2012 at 9 AM - Written by Frank Davies

STORY LINK Pound Looks To Extend Yesterday?s Gains Against EUR, USD and AUD With Release Of Employment Data

Today’s data schedule affords the Pound an early opportunity to build on yesterday’s gains with this morning’s release of key British employment data and the Bank of England’s latest inflation report. Yesterday’s broad Sterling strength was driven by a significantly higher than anticipated UK CPI inflation figure for October,...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Exchange Rates Outlook: Pound Sterling Gains vs EUR, USD, AUD & NZD on UK CPI Inflation Data

13 Nov 2012 at 10 AM - Written by Tim Boyer

STORY LINK Exchange Rates Outlook: Pound Sterling Gains vs EUR, USD, AUD & NZD on UK CPI Inflation Data

This morning’s UK CPI inflation numbers have thrashed expectations, showing a pronounced uptick from September’s showing of an annualised 2.2% to print at 2.7%. The figure is well ahead of the UK government’s official inflation target of 2.0% and shows that Britain is still suffering from recent persistent price rises in global...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts Pound Eu Forecasts

Pound Dollar Exchange Rate Could Climb On Positive Chinese Export Data

12 Nov 2012 at 9 AM - Written by John Cameron

STORY LINK Pound Dollar Exchange Rate Could Climb On Positive Chinese Export Data

Investor focus during the weekend currency market shutdown fell upon the Far Eastern economy and in particular the region’s leading superpower – China. The recent trend of improving data from the world’s second largest economy continued with Saturday’s publication of domestic trade data for last month. Analysts’ expectations were...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Bank Of England And ECB Interest Rate Decisions Send Pound Euro Rate Higher

9 Nov 2012 at 10 AM - Written by Minesh Chaudhari

STORY LINK Bank Of England And ECB Interest Rate Decisions Send Pound Euro Rate Higher

Yesterday’s two major central bank decisions were largely a non-event, with both the Bank of England and the European Central Bank maintaining their current monetary policies. The fallout from the two decisions saw the GBP EUR exchange rate climb to 1.2562 – its highest level since the 1st October. The pair moved sharply higher following...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Pound Euro Exchange Rate Could Climb, US Dollar Weakens On Obama Victory

7 Nov 2012 at 9 AM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate Could Climb, US Dollar Weakens On Obama Victory

What goes around, comes around, or so it appears in Athens. Greece’s parliament is due to vote on a new raft of austerity measures, which would save the ailing Hellenic economy a total of €13.5bn, later this week. Greek workers have responded to the news by staging a 48hr walk-out – probably the last thing a struggling economy needs. If...

CATEGORIES: Australian Dollar Forecasts Daily Currency Updates Euro Forecasts E Forecasts

Pound hits one-month high as Euro downturn deepens

2 Nov 2012 at 4 PM - Written by Ben Hughes

STORY LINK Pound hits one-month high as Euro downturn deepens

Sterling has risen to a one-month high against the Euro after the British currency was bolstered by better-than-expected UK construction activity data. Data last week showed the UK economy had climbed out of recession although there are doubts about the underlying strength of the economy. The good news added to investor optimism that the UK...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts Pound Eu Forecasts

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