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

Foreign Exchange Currency Outlook : GBP EUR Hits 13 Month Low as UK Manufacturing Activity Decreases

4 May 2011 at 6 AM - Written by John Cameron

STORY LINK Foreign Exchange Currency Outlook : GBP EUR Hits 13 Month Low as UK Manufacturing Activity Decreases

The Pound Euro exchange rate (GBP EUR) is 1.1123. The Pound Dollar exchange rate (GBP USD) is 1.6476. The Pound experienced a day of severe losses against the other majors during yesterday’s session, following the release of April’s Purchasing Manager Index data for the UK manufacturing sector. The PMI figure, a measure of...

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

Foreign Exchange Rates : GBP USD Loses Ground on Risk Sentiment and King's Comments

3 May 2011 at 6 AM - Written by John Cameron

STORY LINK Foreign Exchange Rates : GBP USD Loses Ground on Risk Sentiment and King's Comments

The Pound Euro exchange rate (GBP EUR) is 1.1212. The Pound Dollar exchange rate (GBP USD) is 1.6638. The major news event over the last 48 hours has been the killing of Osama Bin Laden by US Special Forces. Although stock markets initially made gains yesterday after the announcement of the terrorist leader’s death, this forward move was...

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Foreign Exchange Currency Outlook : GBP USD Rate Soars as US GDP Forecast is Downgraded and UK Economy Returns to Growth

28 Apr 2011 at 6 AM - Written by John Cameron

STORY LINK Foreign Exchange Currency Outlook : GBP USD Rate Soars as US GDP Forecast is Downgraded and UK Economy Returns to Growth

The Pound Dollar exchange rate (GBP USD) is 1.6724. The Pound Euro exchange rate (GBP EUR) is 1.1252. The US Dollar suffered severe selling pressure in late trading yesterday as the markets reacted to the contents of Fed Chairman Ben Bernanke’s landmark press conference. As expected, the FOMC opted to maintain interest rates at their...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Pound Dol Forecasts

Foreign Exchange Currency Outlook : Pound Dollar GBP USD Rate and Euro Dollar EUR USD Rate Rise to 16 Month Highs on US Oil Inventory Figure

21 Apr 2011 at 6 AM - Written by John Cameron

STORY LINK Foreign Exchange Currency Outlook : Pound Dollar GBP USD Rate and Euro Dollar EUR USD Rate Rise to 16 Month Highs on US Oil Inventory Figure

The Pound Euro exchange rate (GBP EUR) is 1.1277. The Pound Dollar exchange rate (GBP USD) is 1.6433. The global economic recovery was given a fillip yesterday when US data, released at the start of the North American session, showed that American crude oil inventories have been depleted by a significant amount during the past month,...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts Pou Forecasts

Foreign Exchange Rates - Pounds to Dollars, GBP USD Exchange Rate Drops as China Tightens Monetary Policy

18 Apr 2011 at 11 AM - Written by John Cameron

STORY LINK Foreign Exchange Rates - Pounds to Dollars, GBP USD Exchange Rate Drops as China Tightens Monetary Policy

The Pound Euro exchange rate (GBP EUR) is 1.1354. The Pound Dollar exchange rate (GBP USD) is 1.6268. Officials from the IMF, ECB and European Commission are meeting in Lisbon later today to agree on the precise terms of Portugal’s €80bn bail-out, which is due to be completed by the middle of next month. Analysts have predicted...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts Pou Forecasts

Foreign Exchange Rates - Pounds to Euros, Eurozone Sovereign Debt Concerns Take GBP EUR Rate Higher

15 Apr 2011 at 11 AM - Written by John Cameron

STORY LINK Foreign Exchange Rates - Pounds to Euros, Eurozone Sovereign Debt Concerns Take GBP EUR Rate Higher

The Pound Euro exchange rate (GBP EUR) is 1.1320. The Pound Dollar exchange rate (GBP USD) is 1.6363. Any thoughts that the recent agreement by EU Leaders on the terms of a bail-out for Portugal would draw a line under the Eurozone Sovereign Debt crisis were put to one side yesterday, as Greek debt spreads soared. At one point, the...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts Pou Forecasts

Exchange Rates - Pound Euro GBP EUR and Dollar USD movement on UK ILO unemployment figures

13 Apr 2011 at 8 AM - Written by John Cameron

STORY LINK Exchange Rates - Pound Euro GBP EUR and Dollar USD movement on UK ILO unemployment figures

The Pound Dollar exchange rate (GBP USD) currently trades at 1.6269. The Pound Euro exchange rate (GBP EUR) currently trades at 1.1209. See the currency converter for other live currency exchange rates. Today is a busy day for key economic releases, after yesterdays surprising UK CPI figures, markets will now be paying close attention to...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts Pou Forecasts

Currency Exchange Rate - Pound Dollar GBP USD Loses Ground on Worrying Chinese Trade Figure

11 Apr 2011 at 6 AM - Written by John Cameron

STORY LINK Currency Exchange Rate - Pound Dollar GBP USD Loses Ground on Worrying Chinese Trade Figure

The Pound Euro exchange rate (GBP/EUR) is 1.1317. The Pound Dollar exchange rate (GBP/USD) is 1.6367. Chinese trade figures released overnight initially appeared positive, showing an annualised increase in exports of 35.8% against analysts’ expectations of a 23.4% improvement. The 12-month net trade figure also showed that China’s...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts Pou Forecasts

Currency Exchange Rates - Pound Euro GBP EUR Trades Down On ECB Interest Rate Hike

8 Apr 2011 at 6 AM - Written by John Cameron

STORY LINK Currency Exchange Rates - Pound Euro GBP EUR Trades Down On ECB Interest Rate Hike

The Pound Euro exchange rate (GBP/EUR) is 1.1384. The Euro Dollar exchange rate (EUR/USD) is 1.4417. The European Central Bank raised its headline lending rate form 1.00% to 1.25% yesterday under a backdrop of continuing Eurozone sovereign debt concerns. Portugal’s ongoing debt crisis came to a head just a few hours before the rate...

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

Foreign Exchange Rates - GBP/USD Rate Drops Off Following US Labour Market Data

4 Apr 2011 at 9 AM - Written by John Cameron

STORY LINK Foreign Exchange Rates - GBP/USD Rate Drops Off Following US Labour Market Data

The GBP/USD exchange rate (GBP/USD) is 1.6142. The Euro Dollar exchange rate (EUR/USD) is 1.4204. US Labour Market figures released during the last session of last week continue to affect levels in the currency markets as this week’s session begins. Friday’s Non-Farm Payroll data in the States came out significantly better than...

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