Currency News

Daily Exchange Rate Forecasts & Currency News

More Daily Currency Updates Continued - page 108

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

Investors Focus On US Non-Farm Payrolls Data As Pound To Euro Exchange Rate Tests Higher

7 Sep 2012 at 9 AM - Written by John Cameron

Mario Draghi, the European Central Bank President, stole the headlines in the currency market yesterday afternoon, by announcing his plan for re-introducing ‘singleness’ into the eurozone. Draghi used his post policy announcement press conference to indicate his central bank’s commitment to actively intervening in the global bond...

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GBP EUR Exchange Rate Holds Steady As Investors Nervously Await Bank of England and ECB Policy Decisions

6 Sep 2012 at 9 AM - Written by John Cameron

Today’s session has the potential to be a market-moving one in the currency markets, with the Bank of England and the European Central Bank both making their monetary policy announcements for the month. The BoE leads the way at 12:00 BST; the Bank’s nine-man committee is widely expected to opt to maintain interest rates at their current...

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

Weak US ISM Manufacturing Survey Sends Pound To Dollar Rate Higher - Friday's Non-Farm Payrolls Print Could Trigger Further Upside

5 Sep 2012 at 9 AM - Written by Frank Davies

The evidence is mounting that the tried and tested correlation between the US Dollar and risk is starting to de-couple, as market participants continue to alter their collective mindset following Federal Reserve Chairman Ben Bernanke’s Jackson Hole speech of last Friday. Rightly, or wrongly, the investment community has taken Bernanke’s...

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Pound Dollar Exchange Rate On The Up Following OECD Head Gurria's Comments

4 Sep 2012 at 9 AM - Written by John Cameron

Yesterday’s session saw the optimists amongst the global investment community win the day against their more pessimistic brethren. The voices of the doom-mongers who were pre-occupied by Friday’s dismal assessment of America’s economy by Fed Chairman Ben Bernanke and Saturday’s dismal Chinese manufacturing data were drowned out by the...

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Pound To Dollar Exchange Rate Threatens To Go Higher As Bernanke Hints As Further QE In The US

3 Sep 2012 at 9 AM - Written by David Woodsmith

Friday’s main event in the currency markets saw Federal Reserve Chairman Ben Bernanke address the annual Jackson Hole forum of central bankers. As ever, Bernanke’s comments were closely-monitored by investors for clues regarding the future direction of monetary policy in the US. Although the Fed Chairman failed to explicitly...

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Exchange Rates Forecast - GBP to USD Exchange Rate Slips As World Awaits Bernanke's Jackson Hole Speech

31 Aug 2012 at 9 AM - Written by Ben Hughes

Global markets endured a twitchy afternoon yesterday, with London’s FTSE 100 ending the session down by almost half a percentage point on the day. The febrile mood was caused by investors’ concerns over the content of Ben Bernanke’s much-vaunted Jackson Hole speech which comes later today. Another semi-positive US data release yesterday...

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Pound To Euro Exchange Rate Dips On ECB Bond Buying Hints

29 Aug 2012 at 9 AM - Written by Frank Davies

Yesterday’s afternoon session saw the release of the latest edition of the closely-watched US Consumer Confidence survey and it made for interesting reading. The data revealed that consumer sentiment in the world’s leading economy has contracted by a significant amount this month. The survey showed at 60.6, significantly down from...

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Exchange Rates Today - Weak Chinese And German Data Sets Keep Euro Weak And Send GBP USD Lower

28 Aug 2012 at 9 AM - Written by John Cameron

Yesterday’s session in the currency markets marked the final public holiday in the UK until the Christmas shutdown, meaning that there was little in the way of price action for Sterling-based pairs. However, it was a case of ‘business as usual’ for the world’s other major currencies, with some significant data releases triggering...

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Pound To US Dollar Rate Pares Early Gains After Weak US Jobs Data

24 Aug 2012 at 9 AM - Written by Ben Hughes

Conventional wisdom suggests that Quantitative Easing is bad for the currency which belongs to the economy carrying out the Quantitative Easing. However, conventional wisdom is not always correct. Wednesday night saw the Federal Reserve drop heavy hints about the future direction of its monetary policy. The US’s central bank released the...

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Pound Euro Exchange Rate Forecast Volatile Today; Federal Reserve Minutes Send GBP to USD Rate Higher

23 Aug 2012 at 9 AM - Written by Frank Davies

The Federal Reserve minutes, released after the European equities close last night, have triggered significant movement in the currency markets. The US central bank’s eye-catching commentary stated that ‘additional monetary accommodation would likely be warranted fairly soon,’ unless there was a pronounced improvement in the relative...

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