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

Pound Sterling (GBP) to US Dollar (USD) Slumps as Fed Takes on Hawkish 2017 Outlook

15 Dec 2016 at 2 PM - Written by Ben Hughes

STORY LINK Pound Sterling (GBP) to US Dollar (USD) Slumps as Fed Takes on Hawkish 2017 Outlook

The Pound to US Dollar exchange rate struggled to recover on Friday afternoon as American markets opened and the US Dollar increased in strength. This was despite the day’s US ecostats coming in well below expectations. US housing start figures for November came in at -18.7% month-on-month while building permits came in at a low...

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Pound Sterling (GBP) to US Dollar (USD) Fluctuates Ahead of Fed?s December Meeting

14 Dec 2016 at 3 PM - Written by John Cameron

STORY LINK Pound Sterling (GBP) to US Dollar (USD) Fluctuates Ahead of Fed?s December Meeting

The Pound to US Dollar exchange rate extended its lows on Thursday afternoon as the Bank of England’s final meeting of 2016 didn’t give GBP traders anything to get excited about. The bank indicated that even if inflation were to continue increasing in 2017, it would not be enough to cause them to tighten Britain’s monetary policy....

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts

GBP/CAD Slides after Disappointing UK Labour Data

14 Dec 2016 at 1 PM - Written by Ben Hughes

STORY LINK GBP/CAD Slides after Disappointing UK Labour Data

The Pound to Canadian Dollar exchange rate fluctuated in a wider region on Thursday afternoon, as the day’s Bank of England (BoE) meeting disappointed investors and left the Pound increasingly volatile. The bank’s policymakers indicated that higher inflation in 2017 would not be enough to pressure the bank into tightening monetary...

CATEGORIES: Currency Predictions Daily Currency Updates Poun Forecasts

Currency News: Impressive UK Inflation Sees Pound US Dollar Exchange Rate Climb

13 Dec 2016 at 2 PM - Written by Toni Johnson

STORY LINK Currency News: Impressive UK Inflation Sees Pound US Dollar Exchange Rate Climb

The Pound to US Dollar exchange rate succeeded in holding its Monday gains and continued edging higher thanks to the day’s solid UK Consumer Price Index (CPI) results. Expectations of a Fed rate hike kept the ‘Greenback’ firm. GBP/USD has gained over a cent since markets opened this week. On Monday, GBP/USD climbed from opening...

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Trump?s Twitter Comments See Pound US Dollar Exchange Rate Rally

12 Dec 2016 at 5 PM - Written by James Fuller

STORY LINK Trump?s Twitter Comments See Pound US Dollar Exchange Rate Rally

GBP USD Exchange Rate Update: Pound Demand Rises despite Slow Data Day The Pound has risen considerably against the US Dollar today, posting gains of 0.7% to rise to a GBP USD interbank exchange rate of 1.26. This sizable advance against the US Dollar has come against conventional logic, as little especially positive UK news has been...

CATEGORIES: Currency Predictions Daily Currency Updates Doll Forecasts

UK Trade Deficit Shows Sharp Reduction, Pound US Dollar Exchange Rate Returns to Form

9 Dec 2016 at 11 AM - Written by Frank Davies

STORY LINK UK Trade Deficit Shows Sharp Reduction, Pound US Dollar Exchange Rate Returns to Form

Pound US Dollar Exchange Rate Climbs after Better-than-Expected UK Trade Result Sterling has managed to gain against the US Dollar today, equating to a GBP USD exchange rate of 1.26. The latest UK data has facilitated this rise in GBP’s value, with the October trade balance showing a sizable reduction in the deficit from -5.81bn to...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterli Forecasts

GBP USD Exchange Rate Volatile over New 'Brexit' Concerns

8 Dec 2016 at 3 PM - Written by James Fuller

STORY LINK GBP USD Exchange Rate Volatile over New 'Brexit' Concerns

The GBP USD exchange rate has been meet by increased volatility today, fluctuating by around half a cent as 'Brexit' concerns weighed on the Pound. Pound US Dollar (GBP USD) Pressured by 'Brexit' Concerns The Pound US Dollar (GBP USD) exchange rate fell this afternoon as it was reported that some major banks are making plans to move...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterli Forecasts

Pound to Dollar Exchange Rate: 'Mid 1.26s More of Less Pivotal for GBP Now'

7 Dec 2016 at 12 PM - Written by Frank Davies

STORY LINK Pound to Dollar Exchange Rate: 'Mid 1.26s More of Less Pivotal for GBP Now'

The end-of-week session finds the pound to dollar exchange rate modestly higher on the day at 1.26038. Where next for GBP/USD in short-term outlook? "Cable’s mid-week slide failed to generate any real follow through and the market remains essentially range bound between 1.25/1.29." note Scotiabank in their daily report to...

CATEGORIES: Currency Predictions Daily Currency Updates Poun Forecasts

Surprise UK Industrial Output Contraction Weighs on Pound Euro Exchange Rate

7 Dec 2016 at 12 PM - Written by Toni Johnson

STORY LINK Surprise UK Industrial Output Contraction Weighs on Pound Euro Exchange Rate

Disappointing UK Production Data Softened Pound Sterling Exchange Rates Investors were disappointed when October’s UK industrial and manufacturing figures fell significantly short of forecast, showing an unexpected contraction across the board. This naturally undermined confidence in Pound Sterling (GBP), indicating that the UK...

CATEGORIES: Daily Currency Updates Euro Pound Forecasts Pound Sterling Forecasts

Government Argues against Article 50 Ruling, Pound Euro Exchange Rate Climbs

6 Dec 2016 at 12 PM - Written by Ben Hughes

STORY LINK Government Argues against Article 50 Ruling, Pound Euro Exchange Rate Climbs

Pound Euro Strengthens as Government's Case is Questioned The Pound Euro exchange rate has risen to an interbank rate of 1.18 during trading today, with Sterling making much greater gains in other currency pairings. The source of this widespread investor optimism is thought to be the Government’s ongoing appeal in the Supreme Court to...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts

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