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More Daily Currency Updates Continued - page 98

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

Investors Await Policy Announcements And Commentaries From The Bank of England, US Federal Reserve & SARB

20 Mar 2013 at 9 AM - Written by Toni Johnson

STORY LINK Investors Await Policy Announcements And Commentaries From The Bank of England, US Federal Reserve & SARB

Today’s session brings the release of a slew of economic data releases across the globe, almost guaranteeing significant price action for almost all of the world’s major currency pairs. As ever, today’s central bank announcements and commentaries are likely to cause institutional investors to adjust their predictions for the future...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Cyprus Gets 'Strings Attached' ?10bn Bailout, Investors Could Send GBP EUR Rate Higher

18 Mar 2013 at 9 AM - Written by Frank Davies

STORY LINK Cyprus Gets 'Strings Attached' ?10bn Bailout, Investors Could Send GBP EUR Rate Higher

The weekend currency market shutdown brought news of yet another eurozone bailout. The eurogroup of Finance Ministers announced, not unexpectedly, that they had agreed with the International Monetary Fund to provide an emergency advance to the debt-addled state of Cyprus in an attempt to help salve its desperate fiscal position. The €10bn...

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

Pound Sterling Posts Gains Against EUR & USD Following BoE Governor King?s Positive Comments

15 Mar 2013 at 10 AM - Written by David Woodsmith

STORY LINK Pound Sterling Posts Gains Against EUR & USD Following BoE Governor King?s Positive Comments

The Pound has consolidated on yesterday’s gains during the overnight session, following comments from Bank of England Governor Mervyn King, who stated that the British economy is on the verge of a recovery. The BoE Governor’s words represented a significant U-turn, as King has consistently delivered negative commentary regarding the state...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Pound Australian Dollar Exchange Rate (GBP AUD) Drops Following Strong Australian Employment Data

14 Mar 2013 at 10 AM - Written by John Cameron

STORY LINK Pound Australian Dollar Exchange Rate (GBP AUD) Drops Following Strong Australian Employment Data

The major market-moving risk events during the overnight session came from the Antipodes in the form of the latest Reserve Bank of New Zealand (RBNZ) policy decision and the publication of last month’s Australian unemployment data. As per analysts’ expectations, the RBNZ opted to maintain New Zealand’s domestic interest rate at...

CATEGORIES: Australian Dollar Forecasts Daily Currency Updates New Zea Forecasts

NIESR GDP Estimate Suggests UK Economy Is Still Contracting Sending GBP EUR Exchange Rate Lower

13 Mar 2013 at 9 AM - Written by Toni Johnson

STORY LINK NIESR GDP Estimate Suggests UK Economy Is Still Contracting Sending GBP EUR Exchange Rate Lower

Yesterday afternoon’s closely-watched UK GDP Growth Estimate for February showed that the UK economy is still in contraction. The figure, which uses the British Government’s official modelling software to generate its forecast, suggests that Britain’s down-at-heel economy shrank at a quarterly pace of 0.1% last month. Even more...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Pound Euro Exchange Rate (GBP EUR) Recovers Slightly On Positive UK Housing Sector Report

12 Mar 2013 at 9 AM - Written by Frank Davies

STORY LINK Pound Euro Exchange Rate (GBP EUR) Recovers Slightly On Positive UK Housing Sector Report

There was more disappointing news from the eurozone yesterday afternoon, but the Pound euro exchange rate (currency : GBP EUR) still closed down on the day yesterday. In a worrying development from Italy, the spectre of mainland Europe’s ‘elephant in the room’ re-entered the minds of investors with the news that the struggling...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Dollar Po Forecasts

Bounce In Crude Oil Price Sends GBP NOK And GBP CAD Exchange Rates Lower

6 Mar 2013 at 9 AM - Written by John Cameron

STORY LINK Bounce In Crude Oil Price Sends GBP NOK And GBP CAD Exchange Rates Lower

The Pound is not the only asset to have endured a torrid start to 2013 – crude oil has also come under sustained selling pressure since the turn of the year, sending the price of a barrel of Brent crude down to it lowest level of 2013 during Monday’s session. The wholesale oil price had dipped by over 7% in the last five weeks, hinting at...

CATEGORIES: Australian Dollar Forecasts Daily Currency Updates Euro Forecasts E Forecasts

GBP AUD, GBP NZD & GBP ZAR Exchange Rates Could Rise Following US Sequester Order

4 Mar 2013 at 9 AM - Written by Ben Hughes

STORY LINK GBP AUD, GBP NZD & GBP ZAR Exchange Rates Could Rise Following US Sequester Order

Just when things appeared to be improving for global equities market, infighting between America’s two leading political parties appears in danger of scuppering investor sentiment. The Dow Jones Industrial Average and the FTSE 100 had broken to new respective five year and four year highs in recent weeks, as share market participants bet...

CATEGORIES: Australian Dollar Forecasts Daily Currency Updates Dollar Forecasts

GBP EUR Rate Gains On Eurozone Banker Bonus Cap, GBP ZAR Rate Spirals On Weak SA Trade Data

1 Mar 2013 at 9 AM - Written by John Cameron

STORY LINK GBP EUR Rate Gains On Eurozone Banker Bonus Cap, GBP ZAR Rate Spirals On Weak SA Trade Data

Sterling climbed against the euro during yesterday’s session, sending the Pound euro exchange rate (currency : GBP EUR) back above the 1.1600 level just after the European equities close. The move out of euro-denominated assets was partly driven by German and eurozone inflation data, released yesterday, which revealed that the rate of...

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

Investors Await European CPI Inflation Data, GBP EUR Exchange Rate At Risk Again

28 Feb 2013 at 9 AM - Written by Minesh Chaudhari

STORY LINK Investors Await European CPI Inflation Data, GBP EUR Exchange Rate At Risk Again

Yesterday afternoon’s US Durable Goods Orders data for last month showed a sharp drop from December’s print, and the rate of interest paid by Italy on her 10 year gilts spiralled at yesterday’s auction, yet Tokyo’s benchmark Nikkei 225 index still climbed by over 2.5% during last night’s Asian session. The forward move in...

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

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