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More Daily Currency Updates Continued - page 109

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

Pound To Euro Rate Eases Following Successful Spanish Bond Auction

22 Aug 2012 at 9 AM - Written by Ben Hughes

STORY LINK Pound To Euro Rate Eases Following Successful Spanish Bond Auction

Yesterday afternoon’s standout data release came in the form of the latest Retail Sales numbers in the US. Analysts were anticipating the July figure to show an increase from June’s dismal print of -0.3% and they weren’t disappointed. The shop sales number showed a healthy increase of 0.8% last month – well ahead of estimates of a...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Positive Reserve Bank of Australia Minutes Send Pound To Australian Dollar Rate Lower

21 Aug 2012 at 10 AM - Written by David Woodsmith

STORY LINK Positive Reserve Bank of Australia Minutes Send Pound To Australian Dollar Rate Lower

Last night’s Reserve Bank of Australia minutes were of the same positive tone as July’s edition, promoting a renewed burst of support for the Australian Dollar which saw the GBP AUD exchange rate move lower to touch 1.4966 during the overnight session. Australia’s central bank observed that economic activity in China’s mammoth economy...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Positive Global Data Sets Could Send Pound To US Dollar Exchange Rate Higher

20 Aug 2012 at 10 AM - Written by Tim Boyer

STORY LINK Positive Global Data Sets Could Send Pound To US Dollar Exchange Rate Higher

As this week’s session gets underway, the recent drift which has been evident in the currency markets looks set to continue. The Pound Sterling is trading within 0.20% of Friday’s close against almost all of the other majors, as many traders stay away from their desks. A week ago today saw the lowest volume traded in the global currency...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Pound Dollar Exchange Rate Poised To Accumulate Ahead Of Today's Michigan Sentiment Survey

17 Aug 2012 at 10 AM - Written by David Woodsmith

STORY LINK Pound Dollar Exchange Rate Poised To Accumulate Ahead Of Today's Michigan Sentiment Survey

Global share markets continue to confound conventional wisdom and are once again trading up on the day. A brief glance at global economic data releases in recent weeks, combined with the ever-present threat of a eurozone debt meltdown, would suggest that the world’s equity markets should be heading southwards, particularly given the fact...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

GBP EUR Exchange Rate Up Again After Surprise Rise In UK Inflation

15 Aug 2012 at 9 AM - Written by John Cameron

STORY LINK GBP EUR Exchange Rate Up Again After Surprise Rise In UK Inflation

GBP EUR Exchange Rate Up Again After Surprise Rise In UK Inflation - Yesterday’s session in the currency markets brought the release of two key data sets from Europe’s two leading economies. The first of these came in the form of the latest UK CPI inflation figures - a monthly number which is particularly closely-watched, given that it...

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

Exchange Rates Outlook - Weak German GDP Data Means GBP EUR Rate Could Rise

14 Aug 2012 at 9 AM - Written by Tim Boyer

STORY LINK Exchange Rates Outlook - Weak German GDP Data Means GBP EUR Rate Could Rise

This morning’s European session began with grim news for the euro – the latest German GDP growth figures have been released within the last two hours and they make worrying reading for investors holding euro-denominated assets. The numbers revealed that the eurozone’s premier economy had expanded by an annualised 0.5% in the twelve...

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

Pound To US Dollar Exchange Rate At Risk Due To Weak Global Data

13 Aug 2012 at 9 AM - Written by John Cameron

STORY LINK Pound To US Dollar Exchange Rate At Risk Due To Weak Global Data

Thin trading volumes during last week’s session in the currency markets led to relatively limited price action for the world’s major tenders. August is traditionally a slow month, but with much of the movement for major pairs in recent months having been driven by a series of comments from central bankers and European policymakers and by...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

GBP CAD Exchange Rate Could Break Lower, Euro Currency Remains Under Pressure

10 Aug 2012 at 9 AM - Written by John Cameron

STORY LINK GBP CAD Exchange Rate Could Break Lower, Euro Currency Remains Under Pressure

A tension exists in the eurozone and it is hurting the region’s currency. Yesterday’s session provided further evidence of this, with the euro leaking support against virtually all of the other majors. Investors are fully aware of the fact that several eurozone states are facing up to their own individual debt crises; this much has been...

CATEGORIES: Canadian Dollar Forecasts Daily Currency Updates Euro Forecasts Eur Forecasts

Pound Makes Limited Gains Against The Euro, GBP NZD Rate Could Rise

8 Aug 2012 at 9 AM - Written by Ben Hughes

STORY LINK Pound Makes Limited Gains Against The Euro, GBP NZD Rate Could Rise

Yesterday’s session brought a rare chink of light for the UK economy, with the release of positive domestic industrial and manufacturing production data for June. It says it all about the state of the British economy that the numbers both revealed an annualised contraction in the respective outputs of 4.3% - hardly good news on the face of...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts New Zeal Forecasts

Pound To Euro Exchange Rate Spirals Following ECB President Mario Draghi?s Empty Words

3 Aug 2012 at 9 AM - Written by Minesh Chaudhari

STORY LINK Pound To Euro Exchange Rate Spirals Following ECB President Mario Draghi?s Empty Words

Yesterday’s session in the currency markets was shaped by the words of one man – European Central Bank President Mario Draghi. The euro had been holding up well in the immediate aftermath of the ECB’s latest policy announcement, which came at 1245hrs BST yesterday. Investors appeared relieved that Europe’s central bank had elected not...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

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