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More Daily Currency Updates Continued - page 105

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

Exchange Rates Forecast: Could GBP EUR Exchange Rate Head Down To 10-Month Low Of 1.1756?

31 Oct 2012 at 9 AM - Written by John Cameron

STORY LINK Exchange Rates Forecast: Could GBP EUR Exchange Rate Head Down To 10-Month Low Of 1.1756?

In spite of last Thursday’s mildly encouraging UK Q3 GDP data, the UK economy’s vital signs remain worrying. Meanwhile, the eurozone’s debt problems continue to provide a nagging cause for concern for investors holding euro-denominated assets. With the two economies facing such clearly defined problems, it can be difficult for market...

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

Better Than Expected Spanish GDP Data Could Send Pound Euro Exchange Rate Lower

30 Oct 2012 at 10 AM - Written by Frank Davies

STORY LINK Better Than Expected Spanish GDP Data Could Send Pound Euro Exchange Rate Lower

Today’s European session has begun with the release of a rare piece of stronger than anticipated data from struggling Spain. The Q3 GDP growth figures from the down-at-heel Iberian state showed a quarter-on-quarter dip in activity of 0.3% - hardly great news at first glance. However, the number was an improvement from Q2’s showing of...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Encouraging UK Mortgage Approval Data Not Enough To Stop GBP EUR Rate Heading Lower

29 Oct 2012 at 6 PM - Written by Tim Boyer

STORY LINK Encouraging UK Mortgage Approval Data Not Enough To Stop GBP EUR Rate Heading Lower

This morning’s UK Mortgage Approval data provided further evidence that the green shoots of recovery are emerging in the British economy, following last week’s encouraging Q3 GDP data. The gauge of secured loans revealed that 50,000 new mortgages had been signed of in the UK last month, ahead of expectations of a 48,700 showing....

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Pound Euro Exchange Rate Under Pressure Following ECB President Draghi?s Comments

29 Oct 2012 at 9 AM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate Under Pressure Following ECB President Draghi?s Comments

The eurozone took a step closer to becoming the ‘Federal State’ which many British cabinet members appear to fear yesterday, when European Central Bank President Mario Draghi gave his public backing to German Finance Minister Wolfgang Schaeuble‘s recent calls for Brussels to be given the power to dictate nation states' national budgets....

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

Pound Dollar Rate Could Fall On Strong US Data

26 Oct 2012 at 9 AM - Written by David Woodsmith

STORY LINK Pound Dollar Rate Could Fall On Strong US Data

Yesterday’s headline-grabbing risk event came in the form of the latest UK quarterly GDP data, which battered expectations, showing the highest level of increase in a three month period for over five years. Needless to say, the Pound performed creditably on the day following the release. However, the gains made by Sterling were of a lesser...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Investors Await UK Q3 GDP Figure, NZD Gains On RBNZ Announcement

25 Oct 2012 at 9 AM - Written by John Cameron

STORY LINK Investors Await UK Q3 GDP Figure, NZD Gains On RBNZ Announcement

The Federal Reserve’s FOMC announcement last night delivered a ‘no change’ result, meaning that the world’s leading central bank will continue its extraordinary monetary policy measures into next year. The Fed also confirmed that it expected US interest rates to remain ultra-low until at least the middle part of 2015. It appears that...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

GBP EUR Exchange Rate Threatened as Ten EU States Announce Tobin Tax & UK Appears Increasingly Isolated

24 Oct 2012 at 10 AM - Written by James Fuller

STORY LINK GBP EUR Exchange Rate Threatened as Ten EU States Announce Tobin Tax & UK Appears Increasingly Isolated

The UK is increasingly looking like the eurozone’s poor relation following yesterday afternoon’s announcement that ten of Europe’s leading economies are to set in motion plans for an ad valorem tax on financial transactions. The group of ten includes the region’s economic powerhouses of Germany and France, as well as debt-burdened...

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

Pound Dollar Exchange Rate Under Threat As US/Chinese Trade War Looms

22 Oct 2012 at 9 AM - Written by John Cameron

STORY LINK Pound Dollar Exchange Rate Under Threat As US/Chinese Trade War Looms

‘What should go up and doesn’t go up can only come down’, according to the age-old market adage. Investors holding Sterling-denominated assets will be hoping that this tried and tested proverb fails to hold true, following Friday’s session, which saw the release of the latest set of official British public sector borrowing data. The...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Chinese GDP Growth Slows Again, British BoE Policymaker Tucker Issues Dire Warning

18 Oct 2012 at 9 AM - Written by Minesh Chaudhari

STORY LINK Chinese GDP Growth Slows Again, British BoE Policymaker Tucker Issues Dire Warning

They used to say that America sneezed and the rest of the world caught a cold. Last night’s Chinese Q3 GDP growth data, which showed that economic activity in the world’s second largest economy slipped from an annualised 7.6% during Q2 to 7.4% in the three months to the end of September, suggests that it’s now a case of the world...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

GBP EUR Exchange Rate Threatens New 4-Month Low As Investors Await Bank Of England Minutes

17 Oct 2012 at 9 AM - Written by John Cameron

STORY LINK GBP EUR Exchange Rate Threatens New 4-Month Low As Investors Await Bank Of England Minutes

This morning’s minutes of the Bank of England’s October monetary policy meeting, due for release at 0930hrs BST, will provide investors with clues regarding the potential for a trimming of UK interest rates in the near term and the likelihood of additional funds being allocated to Britain’s already extensive Quantitative Easing...

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

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