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Daily Exchange Rate Forecasts & Currency News

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

GBP to USD Exchange Rate Near 7-Month Highs ahead of Key ?Obamacare? Repeal Vote

4 May 2017 at 1 PM - Written by Ben Hughes

STORY LINK GBP to USD Exchange Rate Near 7-Month Highs ahead of Key ?Obamacare? Repeal Vote

Sterling-supportive news has been the UK services PMI for April. As with manufacturing and construction PMIs this week, the services result has risen instead of falling as forecast. Elsewhere, new car sales in April plummeted on the year by nearly -20%, though this was attributable to a recent change in vehicle excise duty (VED). The...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts

GBP USD Exchange Rate Slumps as Brexit Talks Appear to Stall Before Official Negotiations Begin

2 May 2017 at 10 AM - Written by John Cameron

STORY LINK GBP USD Exchange Rate Slumps as Brexit Talks Appear to Stall Before Official Negotiations Begin

The GBP USD exchange rate continued to slide overnight on Monday as Prime Minister Theresa May’s dinner with European commission’s president, Jean-Claude Juncker yesterday did not inspire confidence in the Brexit process. May faces reports that she is ‘living in another galaxy’ as Juncker reportedly left Downing Street ‘ten times...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts

GBP to ZAR Exchange Rate Slips back from Weekly Highs

28 Apr 2017 at 2 PM - Written by John Cameron

STORY LINK GBP to ZAR Exchange Rate Slips back from Weekly Highs

After advancing for most of the week last week, the British Pound to South African Rand exchange rate slipped from its highs on Friday as the latest UK growth data was highly disappointing and painted a mixed outlook for Britain’s economy in 2017. GBP/ZAR began the week trending at the level of 16.8153. The pair surged in the latter half...

CATEGORIES: Currency Predictions Daily Currency Updates Poun Forecasts

GBP USD Exchange Rate Trades at 7-Month High despite Slowing UK Growth

28 Apr 2017 at 2 PM - Written by Frank Davies

STORY LINK GBP USD Exchange Rate Trades at 7-Month High despite Slowing UK Growth

With UK GDP failing to support Sterling, the UK currency has instead risen on a Bank of America Merill Lynch (BAML) forecast upgrade. This has pushed the Pound to 1.29 against the US Dollar. In a note to clients, BAML Currency Analyst Kamal Sharma said; ‘The announcement of a June 8th general election was a game-changing event for...

CATEGORIES: Currency Predictions Daily Currency Updates Poun Forecasts

GBP EUR Exchange Rate Rallies from Worse Levels Amid Euro Profit Taking

26 Apr 2017 at 2 PM - Written by Frank Davies

STORY LINK GBP EUR Exchange Rate Rallies from Worse Levels Amid Euro Profit Taking

The Pound Euro (GBP EUR) exchange rate began to trend higher this morning as investors moved to consolidate their recent gains. The Euro’s advance was halted this morning as markets saw an opportunity for profit taking, following the single currency’s rally after the result of first round voting in the French Presidential...

CATEGORIES: Daily Currency Updates Pound Euro Forecasts

Can USD JPY Exchange Rate Maintain Bullish Trend on Trump Tax Cut Push?

25 Apr 2017 at 5 PM - Written by John Cameron

STORY LINK Can USD JPY Exchange Rate Maintain Bullish Trend on Trump Tax Cut Push?

News that Donald Trump is aiming to cut corporate tax from 35% to 15% in his much-anticipated tax reform package prompted the US Dollar Japanese Yen (USD JPY) exchange rate to strengthen. Markets were encouraged by the prospect of hard plans, even though such a cut would leave a significant hole in the US budget and could face opposition...

CATEGORIES: Daily Currency Updates Japanese Yen Forecasts

Can GBP AUD Exchange Rate Weaken Further on Rising Australian Inflation?

24 Apr 2017 at 3 PM - Written by Toni Johnson

STORY LINK Can GBP AUD Exchange Rate Weaken Further on Rising Australian Inflation?

Risk appetite generally picked up at the start of the week, weighing down the Pound Australian Dollar exchange rate as markets reacted to the results of the first round of the French presidential election with relief. As the odds of a fresh populist upset and victory for Eurosceptic Marine Le Pen were seen to decline investors piled back...

CATEGORIES: Australian Dollar Forecasts Daily Currency Updates

GBP to EUR Exchange Rate Slips on Rising Hopes for Macron Win in French Election

20 Apr 2017 at 11 AM - Written by Frank Davies

STORY LINK GBP to EUR Exchange Rate Slips on Rising Hopes for Macron Win in French Election

The Pound to Euro exchange rate fell from its weekly highs on Wednesday evening and Thursday morning. While Sterling sentiment remains solid, the Euro has seen an increase in demand causing the pair to slip. GBP/EUR began this week trending at the level of 1.1799. On Tuesday the pair gained over a cent and on Wednesday hit 1.1990 – its...

CATEGORIES: Daily Currency Updates Euro Pound Forecasts

Can the GBP AUD Exchange Rate Hold onto its Election Rally?

19 Apr 2017 at 9 AM - Written by John Cameron

STORY LINK Can the GBP AUD Exchange Rate Hold onto its Election Rally?

Although some of Sterling’s bullishness faded as markets adjusted to Theresa May’s surprise call for a snap general election the GBP AUD exchange rate remained on a stronger footing. Investors are betting that the Conservatives will be able to secure an increased majority in a June election, limiting the parliamentary push-back...

CATEGORIES: Australian Dollar Forecasts Daily Currency Updates

GBP NZD Exchange Rate Boosted by Surprise UK General Election Call

18 Apr 2017 at 4 PM - Written by Tim Boyer

STORY LINK GBP NZD Exchange Rate Boosted by Surprise UK General Election Call

In the wake of the unexpected announcement that Theresa May will seek a snap general election the Pound New Zealand Dollar exchange rate made some strong gains. GBP Quick to Recover from Snap Election Shock Although the Pound saw some initial weakness in response to the surprise call for an election it was not long before it began to...

CATEGORIES: Daily Currency Updates Pound New Zealand Dollar Forecasts

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