Currency News

Daily Exchange Rate Forecasts & Currency News

More Daily Currency Updates Continued - page 12

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

GBP NZD Exchange Rate Nosedives as Conservative Poll lead Narrows

26 May 2017 at 2 PM - Written by John Cameron

STORY LINK GBP NZD Exchange Rate Nosedives as Conservative Poll lead Narrows

The Pound New Zealand Dollar (GBP NZD) exchange rate plummeted over a cent in early trading today as the Conservatives lead narrow in polls again. According to the most recent YouGov poll Labour is now only 5 points behind the Conservatives, greatly narrowing the 24 point lead the Tories enjoyed at the start of the race. This is an even...

CATEGORIES: Daily Currency Updates New Zealand Dollar Forecasts

GBP ZAR Exchange Rate Near Monthly Lows after Surprise UK GDP Slowdown

25 May 2017 at 3 PM - Written by Frank Davies

STORY LINK GBP ZAR Exchange Rate Near Monthly Lows after Surprise UK GDP Slowdown

The Pound’s poor performance today follows the release of second estimates for UK GDP growth in the first quarter. On the positive side, the annual estimate has been revised up from 1.9% to 2%; this notably fell short of the predicted 2.1%. The more impactful and damaging news, however, has been that quarter-on-quarter growth has been...

CATEGORIES: Daily Currency Updates Pound Rand Forecasts

GBP JPY Exchange Rate Trends Higher as Japan Factory Output Reaches 6-Month Low

23 May 2017 at 2 PM - Written by John Cameron

STORY LINK GBP JPY Exchange Rate Trends Higher as Japan Factory Output Reaches 6-Month Low

The Pound Japanese Yen (GBP JPY) exchange rate strengthened this morning as Japan’s manufacturing sector reported a slowdown in May. According to data published by IHS Markit Japan’s latest Manufacturing PMI tumbled from 52.7 to 52.0 In May, reaching a new six-month low and disappointing some investors who had predicted that activity...

CATEGORIES: Daily Currency Updates Japanese Yen Forecasts

GBP to NOK Exchange Rate Tumbles on UK Election Concerns and Oil Price Strength

22 May 2017 at 2 PM - Written by Frank Davies

STORY LINK GBP to NOK Exchange Rate Tumbles on UK Election Concerns and Oil Price Strength

Recent strong UK data has been unable to keep the British Pound to Norwegian Krone exchange rate buoyed, as the pair plunged last week and continued to tumble when markets opened on Monday morning. Last week saw the GBP/NOK exchange rate fall from 11.03 to 10.92 after failing to recover in the middle of the week. On Monday morning the pair...

CATEGORIES: Daily Currency Updates Norwegian Krone Forecasts

GBP NZD Exchange Rate Rallies as Industrial Orders Surge

19 May 2017 at 2 PM - Written by Frank Davies

STORY LINK GBP NZD Exchange Rate Rallies as Industrial Orders Surge

The Pound New Zealand Dollar (GBP NZD) exchange rate leapt to a new weekly high this morning as UK factory orders printed higher than expected last month According to data released by the Confederation of British Industry (CBI) Britain’s industrial orders balance rose from 4 to 9 in April, beating expectations that they would remain...

CATEGORIES: Daily Currency Updates Pound New Zealand Dollar Forecasts

GBP ZAR Exchange Rate Surges on Surprise UK Unemployment Rate Drop

17 May 2017 at 4 PM - Written by James Fuller

STORY LINK GBP ZAR Exchange Rate Surges on Surprise UK Unemployment Rate Drop

The Pound’s significant gains against the Rand come after a mixed UK data release, which brought historically positive and negative results. On the supportive side, UK unemployment in March dropped from 4.7% to 4.6%, bettering forecasts for no movement. This put unemployment at a historic low, while the percentage of employed persons has...

CATEGORIES: Daily Currency Updates Pound Rand Forecasts

GBP to USD Exchange Rate Benefits from Trump Uncertainty

17 May 2017 at 1 PM - Written by Tim Boyer

STORY LINK GBP to USD Exchange Rate Benefits from Trump Uncertainty

While Sterling has dropped against some other major currencies this week, the Pound to US Dollar exchange rate has advanced. Rising political anxiety in the US has harmed Fed rate hike bets and the appeal of the US Dollar. Last week saw GBP/USD drop to 1.2886. However, since markets opened this week the pair has trended higher. On...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts

GBP AUD Exchange Rate Volatile as UK Inflation Skyrockets

16 May 2017 at 12 PM - Written by John Cameron

STORY LINK GBP AUD Exchange Rate Volatile as UK Inflation Skyrockets

The Pound Australian Dollar (GBP AUD) exchange rate has fluctuated this morning following the release of the UK’s latest inflation figures. According to data released by the Office for National Statistics (ONS) UK inflation rocketed from 2.3% to 2.7% in April, reaching its highest levels since September 2013 and outpacing initial...

CATEGORIES: Australian Dollar Forecasts Daily Currency Updates

EUR to USD Exchange Rate Calmer Ahead of Friday?s Key Data

11 May 2017 at 10 AM - Written by Frank Davies

STORY LINK EUR to USD Exchange Rate Calmer Ahead of Friday?s Key Data

Thursday finally saw the Euro recover slightly after being sold in profit-taking for most of the week. The Euro to US Dollar exchange rate has also benefitted from decent Eurozone data and US political jitters. After Sunday’s election of pro-EU Emmanuel Macron as the next President of France, EUR/USD briefly jumped to a high of 1.1022 at...

CATEGORIES: Daily Currency Updates Euro Forecasts

EUR to USD Exchange Rate Could End Week Near Multi-Month Highs

5 May 2017 at 10 AM - Written by John Cameron

STORY LINK EUR to USD Exchange Rate Could End Week Near Multi-Month Highs

After fluctuating earlier in the week, the Euro to US Dollar exchange rate gained almost a cent on Thursday as markets reacted to a strong TV debate performance from pro-EU French Presidential candidate Emmanuel Macron. EUR/USD began this week trending at the level of 1.0896. After briefly hitting a low of 1.0876 on Thursday morning, the...

CATEGORIES: Currency Predictions Daily Currency Updates Euro Forecasts

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