British Pound Sterling FX Exchange Rate Forecast vs EUR USD AUD

Published: Tuesday, 8 September 2015 08:00 BST - Written by John Cameron

STORY LINK British Pound Sterling FX Exchange Rate Forecast vs EUR USD AUD

BoE Interest Rate Decision Could Push British Pound (GBP) Back to Best Exchange Rates this Week

Thursday’ session is likely to be formative for the POUND STERLING (currency : GBP). The latest Bank of England (BoE) monetary policy decision is forecast to bring ‘no change’ to British interest rates or Quantitative Easing. However, for the second time in its history, the BoE’s announcement will be accompanied by the minutes of its policy meeting; any suggestion that a UK rate hike is on its way will push the Pound higher. In the meantime, the outlook for Sterling is NEUTRAL TO POSITIVE.

Euro Conversion Rate Trending Lower after Eurozone Confidence Dip, Will EUR/GBP Extend Declines?

The EURO (currency : EUR) lost a little ground against the Pound Sterling during yesterday’s session. This morning’s whole of eurozone Gross Domestic Product data is likely to prove market-moving for the single currency. A print of below the year-on-year 1.2% which economists forecast will suggest that the European Central Bank’s large-scale Quantitative Easing programme is failing and the shared currency will give up ground as a consequence.

The euro is forecast to trade on a NEUTRAL TO NEGATIVE footing in the near-term, and the GBP EUR exchange rate stands at 1.3670.

US Jobs Data Supports US Dollar Exchange Rate Trading, USD-GBP Hits 4-Month Best Rate

Investors holding the US DOLLAR (currency : USD) appear to have taken a ‘glass half full’ approach to last Friday’s US jobs data. The pronounced fall in the overall rate of unemployment in the States certainly proved Dollar-positive, however many analysts remain concerned at the below-par rate of job creation which the official statistics revealed.

The Buck is forecast to trade on a NEUTRAL footing moving forward and the GBP USD exchange rate currently sits at 1.5270.

FX Forecast: NZD Exchange Rate Lower against GBP, EUR, USD Before RBNZ Announcement

Support for the NEW ZEALAND DOLLAR (currency : NZD) slumped during yesterday’s session, sending the Pound Sterling New Zealand Dollar exchange rate up through the 2.4400 level. The Kiwi gave up ground against the other major global units ahead of Wednesday night’s Reserve Bank of New Zealand monetary policy announcement which the majority of analysts believe will yield a 25 basis points cut. The forecast for the New Zealand tender is now NEUTRAL TO NEGATIVE and the GBP NZD exchange rate stands at 2.4410.

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