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Daily Exchange Rate Forecasts & Currency News

More Daily Currency Updates Continued - page 15

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

GBP ZAR Exchange Rate Tight on Zuma Questioning

16 Mar 2017 at 4 PM - Written by Toni Johnson

STORY LINK GBP ZAR Exchange Rate Tight on Zuma Questioning

The British Pound to South African Rand exchange rate held above weekly lows towards the end of the week’s European session, but still looked to record losses this week and end the week near lows not seen since 2013. Analysts are becoming increasingly optimistic on the Rand outlook and risk measures on the currency have been consistently...

CATEGORIES: Daily Currency Updates Pound Rand Forecasts

GBP CAD Exchange Rate Spikes as BoE?s Forbes Pushes for Rate Hike

16 Mar 2017 at 2 PM - Written by Frank Davies

STORY LINK GBP CAD Exchange Rate Spikes as BoE?s Forbes Pushes for Rate Hike

The British Pound to Canadian Dollar exchange rate continued to trend near the week’s best levels on Friday afternoon and looked to end the week over half a cent above its opening levels. Oil prices have been in flux throughout the week, making it difficult for the Canadian Dollar to benefit. This week’s Bank of England (BoE) news has...

CATEGORIES: Currency Predictions Daily Currency Updates Poun Forecasts

USD GBP Exchange Rate Could Surge on Hawkish Fed Commentary

15 Mar 2017 at 4 PM - Written by Ben Hughes

STORY LINK USD GBP Exchange Rate Could Surge on Hawkish Fed Commentary

The US Dollar to British Pound exchange rate plunged on Thursday afternoon following the week’s Bank of England (BoE) policy decision. While monetary policy was left frozen as expected, Kristin Forbes, a member of the Monetary Policy Committee (MPC), unexpectedly voted to hike UK interest rates back up to 0.5%. This bolstered bets that...

CATEGORIES: Currency Predictions Daily Currency Updates Doll Forecasts

GBP EUR Exchange Rate Slumps Ahead of Spring Budget

8 Mar 2017 at 12 PM - Written by Tim Boyer

STORY LINK GBP EUR Exchange Rate Slumps Ahead of Spring Budget

The British Pound to Euro exchange rate continued to slump on Thursday as investors bought up the Euro following the day’s press conference from European Central Bank (ECB) President Mario Draghi. The typically dovish Draghi undertook a surprisingly hawkish stance during the presser, stating that downside risks in inflation had largely...

CATEGORIES: Daily Currency Updates Euro Pound Forecasts

GBP USD Exchange Rate Slides as UK House Prices Plummet

7 Mar 2017 at 2 PM - Written by Toni Johnson

STORY LINK GBP USD Exchange Rate Slides as UK House Prices Plummet

The GBP USD exchange rate slumped to a new six-week low this morning as markets reacted poorly to the latest Halifax House Price figures. Pound US Dollar (GBP USD) Tumbles as UK Housing Data Disappoints The Pound US Dollar (GBP USD) exchange rate fell this morning following some disappointing housing data from the UK. Data compiled...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts

GBP EUR Exchange Rate Stabilises as Greek GDP Disappoints

6 Mar 2017 at 4 PM - Written by Ben Hughes

STORY LINK GBP EUR Exchange Rate Stabilises as Greek GDP Disappoints

The British Pound to Euro exchange rate continued to trend near its worst levels since mid-January on Tuesday afternoon despite mixed Eurozone ecostats. Wednesday will see the UK Budget Statement being delivered by UK Chancellor of the Exchequer Philip Hammond. If Hammond surprises and impresses traders by revealing new infrastructure...

CATEGORIES: Currency Predictions Daily Currency Updates Euro Forecasts

GBP NZD Exchange Rate Rallies after Fed Rate Hike Odds Damage NZD Demand

6 Mar 2017 at 4 PM - Written by Tim Boyer

STORY LINK GBP NZD Exchange Rate Rallies after Fed Rate Hike Odds Damage NZD Demand

On Tuesday afternoon the British Pound to New Zealand Dollar exchange rate continued to trend with a downside bias despite a drop in price for New Zealand’s most lucrative commodity. During the 07/03 Global Dairy Trade (GDT) auction, dairy prices dropped by -6.3% and hit their worst levels since October 2016, which could dampen demand...

CATEGORIES: Currency Predictions Daily Currency Updates Poun Forecasts

GBP USD Exchange Rate Forecast to Fall on Incoming Fed Speeches

3 Mar 2017 at 1 PM - Written by Ben Hughes

STORY LINK GBP USD Exchange Rate Forecast to Fall on Incoming Fed Speeches

Heavy GBP Losses Triggered by Slide in Services PMI The Pound is set to close trading against the US Dollar this week in a negative position, given the incoming US economic events. On the UK side, the latest decline has been caused by the services PMI for February, which has disappointed markets by showing a drop from 54.5 to 53.3, a...

CATEGORIES: Currency Predictions Daily Currency Updates Doll Forecasts

Increase in Fed Rate Hike Bets Sends USD/GBP to Multi-Week Best

2 Mar 2017 at 11 AM - Written by Minesh Chaudhari

STORY LINK Increase in Fed Rate Hike Bets Sends USD/GBP to Multi-Week Best

The US Dollar to Pound exchange rate continued to advance on Thursday morning as investors were unimpressed by this week’s UK data. The US Dollar was able to capitalise thanks to hawkish Fed official comments boosting Federal Reserve interest rate hike bets. USD/GBP began the week trading at the level of 0.8021 and has since gained over...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts

EUR to GBP Exchange Rate Holds Ground Thanks to Solid Eurozone Ecostats

28 Feb 2017 at 4 PM - Written by Tim Boyer

STORY LINK EUR to GBP Exchange Rate Holds Ground Thanks to Solid Eurozone Ecostats

The Euro to British Pound exchange rate looked to extend its weekly highs on Wednesday afternoon and moved at a rate of over 0.3% towards the end of the European session. Investors continued to return to the Euro thanks to Germany’s better than expected February inflation projections, which unexpectedly improved from 1.9% to 2.2% and...

CATEGORIES: Daily Currency Updates Euro Forecasts

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