FX Outlook for British Pound Sterling vs NZD USD CAD: Conversion Rate Volatility Forecast

August 17, 2015 - Written by John Cameron

STORY LINK FX Outlook for British Pound Sterling vs NZD USD CAD: Conversion Rate Volatility Forecast

Pound Sterling Exchange Rate Outlook Forecast to Be Neutral-Negative This Week

Analysts forecast that the POUND STERLING (currency : GBP) will endure considerable price action during this week’s session in the global currency markets. Tomorrow’s domestic Consumer Price Rise inflation data is far from guaranteed to be helpful to the Pound’s medium term prospects, given the renewed easing of global oil prices during the past four weeks. Meanwhile, Friday’s public sector borrowing numbers could also hurt the Pound, making the forecast for the UK unit NEUTRAL TO NEGATIVE.

British Pound to New Zealand Dollar (GBP/NZD) Exchange Rate at Multi-Year Best Rate

The NEW ZEALAND DOLLAR (currency : NZD) continues to languish at close to its multi-year low against the Pound Sterling. Friday’s news that China’s authorities had stopped actively weakening the Yuan, temporarily at least, helped provide the Kiwi with some respite, but the considerable deterioration in New Zealand’s terms of trade with China which has taken place over the past week is likely to have long term ramifications for the New Zealand tender, which is now forecast to trade with a NEUTRAL TO NEGATIVE bias moving forward.

The current Pound Sterling Kiwi Dollar exchange rate is 2.3895.

FX ALERT: GBP to USD Conversion Rate Volatility Expected on UK, US CPI Data

A big week lies in store for holders of the US DOLLAR (currency : USD). It is not out of the question that Wednesday’s Federal Reserve minutes of its most recent monetary policy meeting will effectively pre-announce a September interest rate hike – such a move would boost support for the Buck considerably. Meanwhile, US inflation data, published earlier the same day, is also likely to provoke market movement.

The outlook for the Greenback is NEUTRAL TO POSITIVE and the GBP USD exchange rate sits at 1.5605.

Canadian Dollar Currency News and Outlook Today: Inflation Data Ahead

The relative value of the CANADIAN DOLLAR (currency : CAD) is expected to alter considerably during this week’s session in the global currency markets, with Friday providing the major day for data releases. The latest Canadian Consumer Price Index figures, along with this month’s domestic Retail Sales numbers, are due for publication at 1330hrs BST during the week’s final session and the result could heap further pressure on the beleaguered Loonie. With global oil prices edging down towards fresh multi-year lows, the outlook for the Canadian unit is NEGATIVE. GBP CAD stands at 2.0475.

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