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

GBP EUR Exchange Rate Remains Biased to Downside over Hard Brexit Worries

28 Oct 2016 at 11 AM - Written by James Fuller

STORY LINK GBP EUR Exchange Rate Remains Biased to Downside over Hard Brexit Worries

Uneven Nature of UK Growth Sees Pound Sterling Return to Weaker Footing Despite Thursday’s stronger-than-expected UK GDP report the Pound (GBP) soon returned to a downtrend against rivals, with investors concerned by the fact that growth remained entirely driven by the service sector. Support for Sterling was also limited by a fresh...

CATEGORIES: Daily Currency Updates Pound Euro Forecasts Pound Sterling Forecasts

?Brexit? Sentiment Rules Supreme, GBP EUR Exchange Rate Largely Ignores GDP Rise

27 Oct 2016 at 1 PM - Written by John Cameron

STORY LINK ?Brexit? Sentiment Rules Supreme, GBP EUR Exchange Rate Largely Ignores GDP Rise

The GBP EUR exchange rate spiked briefly this morning, reaching a new high for the week as the UK’s GDP figures printed better than expected, but it quickly fell again as the uncertainty of ‘Brexit’ continued to pressure the Pound (GBP). Positive GDP Data Unable to Improve Pound (GBP) Euro (EUR) Exchange Rate As Thursday's...

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

Short-Lived GBP Rally on GDP Stats Leaves Pound US Dollar Weaker

27 Oct 2016 at 11 AM - Written by Tim Boyer

STORY LINK Short-Lived GBP Rally on GDP Stats Leaves Pound US Dollar Weaker

British Pound Exchange Rates Slide Despite Q3 GDP Results Show ‘Little Evidence’ of Brexit Damage The Pound experienced rocky trading conditions on Thursday, with the GBP EUR and GBP USD exchange rates initially rallying in response to upbeat UK growth data, before reversing gains as the European session continued. The day’s...

CATEGORIES: Currency Predictions Daily Currency Updates Doll Forecasts

3-Year Low for Pound Australian Dollar Exchange Rate after Inflation Stats

26 Oct 2016 at 1 PM - Written by Frank Davies

STORY LINK 3-Year Low for Pound Australian Dollar Exchange Rate after Inflation Stats

The Pound to Australian Dollar exchange rate slumped on Wednesday. While Tuesday’s drop was due to Bank of England (BoE) easing bets, Wednesday’s drop was the result of Australia’s Q3 inflation results reassuring investors of a neutral stance from the Reserve Bank of Australia (RBA). GBP/AUD began the week trending near a weekly...

CATEGORIES: Currency Predictions Daily Currency Updates Poun Forecasts

GBP NZD Exchange Rate Skirts Historic Low as ?84 Billion Black Hole Opens

26 Oct 2016 at 1 PM - Written by James Fuller

STORY LINK GBP NZD Exchange Rate Skirts Historic Low as ?84 Billion Black Hole Opens

The GBP NZD exchange rate is currently sitting dangerously close to an all-time low as a fall in market sentiment yesterday caused Sterling to spiral downwards. Pound (GBP) Exchange Rate Sentiment Down on Stimulus Fears The Pound (GBP) New Zealand Dollar (NZD) exchange rate collapsed yesterday as investors feared that further monetary...

CATEGORIES: Currency Predictions Daily Currency Updates Poun Forecasts

Despite Pledge to put City ?at Heart of Brexit Negotiations? Pound Dollar Exchange Rate Crashed

25 Oct 2016 at 4 PM - Written by Ben Hughes

STORY LINK Despite Pledge to put City ?at Heart of Brexit Negotiations? Pound Dollar Exchange Rate Crashed

Pound Sterling Plunged Following Chancellor of the Exchequer Brexit Commentary Comments from Chancellor of the Exchequer Philip Hammond failed to shore up the Pound (GBP) on Tuesday, despite him pledging to put the City at the heart of Brexit negotiations. Some measure of this downside pressure likely stemmed from Hammond’s warning...

CATEGORIES: Currency Predictions Daily Currency Updates Doll Forecasts

GBP EUR Exchange Rate Tumbles as Mark Carney Faces Grilling

25 Oct 2016 at 3 PM - Written by John Cameron

STORY LINK GBP EUR Exchange Rate Tumbles as Mark Carney Faces Grilling

The GBP EUR exchange rate has plummeted this afternoon after trading relatively flatly earlier in the day as ‘Brexit’ uncertainty was counteracted by market fears that the Eurozone may be facing further monetary easing from the European Central Bank (ECB). Pound (GBP) Exchange Rate Volatile as Carney Set to Face House of Lords The...

CATEGORIES: Currency Predictions Daily Currency Updates Euro Forecasts

Pound to Dollar Exchange Rate Trends Narrowly After Dovish Fed Commentary

24 Oct 2016 at 2 PM - Written by John Cameron

STORY LINK Pound to Dollar Exchange Rate Trends Narrowly After Dovish Fed Commentary

Mixed CBI Surveys Failed to Offer Pound Sterling Exchange Rate Direction At the start of the week Pound Sterling (GBP) held in a narrow range against the US Dollar (USD) despite persistent market worries over Brexit and the government’s hard line on the matter. With Prime Minister Theresa May signalling that the devolved nations will...

CATEGORIES: Currency Predictions Daily Currency Updates Poun Forecasts

GBP EUR Exchange Rate Volatile as Market Uncertainty Increases Ahead of Carney Decision

24 Oct 2016 at 12 PM - Written by Frank Davies

STORY LINK GBP EUR Exchange Rate Volatile as Market Uncertainty Increases Ahead of Carney Decision

The GBP EUR exchange rate slid slightly following today’s opening bell as negative market sentiment towards ‘Brexit’ dragged on the Pound, although the pairing later fluctuated as the European session continued. Pound (GBP) Exchange Rates Unstable as Carney’s Future in Question The Pound (GBP) had seen some increased volatility...

CATEGORIES: Currency Predictions Daily Currency Updates Poun Forecasts

ECB Decision Leaves GBP EUR Exchange Rate at Weekly High

21 Oct 2016 at 2 PM - Written by Tim Boyer

STORY LINK ECB Decision Leaves GBP EUR Exchange Rate at Weekly High

The Pound to Euro exchange rate saw mixed movement on Thursday up until the European Central Bank’s (ECB) meeting. Following the meeting, the Euro weakened as ECB President Draghi indicated a QE extension could be applied in December. GBP/EUR has trended largely flatly since Tuesday’s session brought the pair up to 1.12. The pair...

CATEGORIES: Currency Predictions Daily Currency Updates Poun Forecasts

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