Exchange Rate Forecasts 2015: Pound Sterling (GBP), Euro (EUR), US Dollar (USD) and Australian Dollar (AUD) Today

October 21, 2014 - Written by John Cameron

STORY LINK Exchange Rate Forecasts 2015: Pound Sterling (GBP), Euro (EUR), US Dollar (USD) and Australian Dollar (AUD) Today

Presenting our latest 2014 / 2015 exchange rates forecasts for the Pound to Dollar (GBP USD), Euro (EUR) and Australian Dollar (AUD) forex pairings and today's current conversion levels.

The POUND STERLING (currency:GBP) has climbed against the euro and given up a little ground against the Dollar during today’s session.

A quick look at the latest conversion rates today:

The Pound to Australian Dollar conversion rate is -0.27 pct lower at 1.83568 GBP/AUD.
The Pound to Euro exchange rate today is converting +0.41 per cent higher at 1.26780 GBP/EUR.
The Pound to US Dollar exchange rate today is converting -0.21 per cent lower at 1.61217 GBP/USD.

Don't forget if you are waiting to find better exchange rates for a international payments, then you're best bet is to set up your future rate order with a foreign exchange broker.

Pound Sterling Forecast: BoE Minutes Ahead

This morning’s highly disappointing official government figures which revealed a year-on-year increase in public borrowing of some £1.6bn last month have hurt the Pound.

However, tomorrow morning’s minutes of the most recent Bank of England minutes could spur renewed support for Sterling if they show that more than two policymakers voted in favour of an immediate British interest rate hike.

In the meantime, expect the Pound to trade on a NEUTRAL footing.

Euro Rate Forecast: EUR The Loser Again

The EURO (currency:EUR) has suffered significant downside on the day today following an increase in market whispers suggesting that the European Central Bank is set to expand its monetary stimulus package.

Europe’s reserve bank entered the market for the second day on the trot to purchase covered bonds and the single currency lost ground as a result; rumours suggest that the ECB may be about to begin corporate debt purchases, meaning that the forecast for the single currency remains NEGATIVE.

The current GBP EUR exchange rate stands at 1.2690.

US Dollar Exchange Rate Forecast Today: USD Gains On Housing Figures

The US DOLLAR (currency:USD) enjoyed a fillip earlier today with the publication of a go-ahead set of domestic Existing Home Sales data.

The closely-monitored property market data showed at well above the level anticipated by analysts, causing economists to pull forward their predictions on the timing of the next Federal Reserve interest rate increase.

Tomorrow afternoon’s American inflation figures will determine the near-term performance of the Buck, but with analysts forecasting that they will show a higher level of inflation than in most other developed Western nations, the prospects for the Greenback are good.

Expect a NEUTRAL TO POSITIVE performance from the Dollar in the short term – GBP USD stands at 1.6148.

Australian Dollar Forecast: AUS Gains On Chinese GDP Data

The AUSTRALIAN DOLLAR (currency:AUD) has put in a respectable performance against the other sixteen most actively traded global currencies on the day.

Last night’s Chinese Q3 GDP growth numbers showed a drop from their Q2 counterpart, however it was a smaller decrease than most analysts had been anticipating.

As ever in the markets, it’s all relative, so the Commodity Dollars, including the Aussie, gained ground as a result.

The big news for Aussie-watchers over the next 24hrs comes in the form of tonight’s Q3 CPI inflation numbers.

Anything below the forecasted year-on-year showing of 2.3% and the Australian unit will give up ground.

The near-term outlook for the Aussie is NEUTRAL TO POSITIVE and GBP AUD stands at 1.8334.

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TAGS: American Dollar Forecasts Australian Dollar Forecasts Dollar Pound Forecasts Forecasts