Forecasts: Pound Sterling (GBP), Euro (EUR), US Dollar (USD) & NZ Dollar (NZD) Exchange Rate Predictions 2014

June 25, 2014 - Written by John Cameron

STORY LINK Forecasts: Pound Sterling (GBP), Euro (EUR), US Dollar (USD) & NZ Dollar (NZD) Exchange Rate Predictions 2014

Curency News UK brings you our exchange rate forecasts & predictions for the Pound Sterling (GBP, Euro (EUR), US Dollar (USD) and the New Zealand Dollar (NZD) in 2014 -

The POUND STERLING (currency:GBP) has put in another lacklustre performance so far today as concerns mount regarding the massive black hole which stills exists in the UK’s public finances.

Almost five years of austerity measures have failed to bring down the total level of Britain’s public borrowing and the situation could get worse before it improves.

The Pound Sterling forecast to trade with a NEUTRAL TO NEGATIVE bias ahead of Friday’s domestic GDP data.

The EURO (currency:EUR) has pushed ahead against Sterling so far today, sending the Pound Euro exchange rate down to 1.2446 this afternoon.

This morning’s stronger than anticipated German GfK survey helped the single currency get off to a positive start and this momentum has continued this afternoon.

The feeling among some investors now is that all of the bad news from the eurozone is now out, so the single currency may be given some space to recover.

The near-term euro forecast is now NEUTRAL and the Pound to Euro exchange rate stands at 1.2451 GBP/EUR.

Shock figures published this afternoon revealed that activity levels in the world’s number one economy shrank by almost 3% during the first three months of this year.

The news from the States has seen the US DOLLAR (currency:USD) leak support, sending the Pound to Dollar exchange rate briefly back above the 1.7000 threshold this afternoon.

Tomorrow American weekly jobs numbers are now key – in the meantime expect the Dollar forecast to be NEUTRAL TO NEGATIVE.

The NEW ZEALAND DOLLAR (currency:NZD) has outperformed the Pound so far today, sending the GBP NZD exchange rate lower by 0.71%.

The firmer tone of recent data releases from China has favoured the Kiwi Dollar and the prospect of further interest rate hikes before Christmas is likely to see this strengthening continue.

The current Pound to New Zealand Dollar exchange rate is 1.9443 and the Kiwi is expected to trade on a NEUTRAL TO POSITIVE footing moving forward.

Pound Sterling, Dollar, Euro Exchange Rates Today - Updated 27/06/2014

- The pound to australian dollar exchange rate is 0.15 per cent lower at 1.80693.
- The pound to euro exchange rate is 0.02 per cent lower at 1.25039.
- The pound to dollar exchange rate is 0.06 per cent higher at 1.70324.
- The euro to australian dollar exchange rate is 0.14 per cent lower at 1.44509.
- The euro to pound exchange rate is 0.02 per cent higher at 0.79975.
- The euro to dollar exchange rate is 0.07 per cent higher at 1.36216.
- The dollar to australian dollar exchange rate is 0.21 per cent lower at 1.06088.
- The dollar to euro exchange rate is 0.07 per cent lower at 0.73413.
- The dollar to pound exchange rate is 0.06 per cent lower at 0.58712.

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