Euro, Pound, Dollar and Canadian Dollar: Latest Exchange Rate Forecasts, News & GBP EUR USD CAD Predictions

Modified: Thursday, 4 September 2014 20:57 BST - Written by John Cameron

STORY LINK Euro, Pound, Dollar and Canadian Dollar: Latest Exchange Rate Forecasts, News & GBP EUR USD CAD Predictions

Currency News UK brings you our latest Euro, Pound, US Dollar and Canadian Dollar exchange rate forecasts, news & GBP EUR USD CAD predictions.

The POUND STERLING (currency:GBP) continued to suffer following Tuesday’s Scottish referendum poll which suggested that a break up of the United Kingdom remains a live possibility. The latest Bank of England monetary policy announcement, due at midday today, is unlikely to bring any surprises, meaning that tomorrow morning’s Bank of England / GfK Inflation Expectations Report takes on added significance. The next poll on Scotland’s referendum will be key, but a spilt for the UK remains unlikely.

- The Pound to Australian Dollar exchange rate is down 0.09 pct at 1.76090 GBP/AUD.
- The Pound to Canadian Dollar exchange rate is trading down 0.01 pct at 1.79226 GBP/CAD.
- The Pound to Euro exchange rate is trading up 0.04 pct at 1.25242 GBP/EUR.
- The Pound to New Zealand Dollar exchange rate is down 0.06 pct at 1.97701 GBP/NZD.
- The Pound to Dollar exchange rate is 1.64588 GBP/USD.

The Pound Sterling forecast is NEUTRAL TO POSITIVE.

The EURO (currency:EUR) could be in for a rough ride if the European Central Bank hints that it will be introducing Quantitative Easing for the euroland later today. An outright announcement that QE is definitely on its way remains unlikely, limiting the potential downside for the single currency and constitutional objections from Germany complicate the issue. However, expect ECB President Mario Draghi to be grilled on the likelihood of QE for the duration of his post-announcement press conference. The ECB Chief is normally sure-footed, but any mis-speak from the euroland central bank’s top man could see support for the single currency plunge.

Analysts predict that the euro will perform on a NEGATIVE footing in the near-term.


The US DOLLAR (currency:USD) has outperformed almost all of the other sixteen most actively traded global currencies during the past four weeks. Support for the Buck has built thanks to the generally positive tone of American data releases; after the disappointment of the overall unemoployment figure, published a month ago, the Greenback badly needs a strong showing from tomorrow afternoon’s headline labour market numbers in order to maintain its current positive momentum against the other major global currencies.

In the meantime, experts forecast that the Dollar will put in a NEUTRAL TO POSITIVE showing and the current GBP USD exchange rate stands at 1.6444.

The Bank of Canada opted to maintain its key interest rate at 1.00% yesterday afternoon, as per analysts’ expectations. However, the CANADIAN DOLLAR (currency:CAD) still managed to gain a significant amount of ground against the Pound Sterling as investors digested the BoC Governor Stephen Poloz’s accompanying commentary, which left the door open to near term interest rate increases. Tomorrow’s North American labour market data represents the next tier one data for the Loonie; a combination of moderately weak US figures and strong Canadian figures will provide further support for the single currency.

The Canadian unit is forecast to trade with a NEUTRAL TO POSITIVE bias and the GBP CAD exchange rate stands at 1.7885.

International Money Transfer? Ask our resident FX expert a money transfer question or try John's new, free, no-obligation personal service! ,where he helps every step of the way, ensuring you get the best exchange rates on your currency requirements.

TAGS: American Dollar Forecasts Canadian Dollar Forecasts Currency Predict Forecasts