November 18, 2015 - Written by David Woodsmith
STORY LINK British Pound Sterling Exchange Rate Forecast vs EUR USD NZD
Pound Sterling (GBP) Outlook Neutral to Positive after Core Inflation Bettered Estimates
The POUND STERLING (currency : GBP) put in a strong performance against the other major currencies yesterday in spite of another set of official data pointing to deflation in the domestic economy.
The result was not unexpected and a higher than anticipated showing from the core inflation figure helped Sterling. The outlook for the Pound is NEUTRAL TO POSITIVE.
GBP to EUR Conversion Rate at 1.4287
The EURO (currency : EUR) slid against the other sixteen most actively traded global currencies yesterday.
A tame showing from the latest edition of the whole of eurozone ZEW Sentiment Index did not help the shared currency and the Sterling euro exchange rate spiked higher as a consequence.
Comments in Frankfurt from European Central Bank Executive Board Member Lautenschlaeger later could further hamper the single currency which is expected to trade on a NEGATIVE footing moving forward.
The GBP EUR exchange rate stands at 1.4287.
GBP to USD Exchange Rate Trending in the Region of 1.5212
The US DOLLAR (currency : USD) enjoyed strong support against the Pound in late trading yesterday.
A higher than expected result from October’s US inflation data triggered support for the Buck, with investors now factoring in a higher percentage likelihood that the Federal Reserve will increase interest rates next month.
This evening’s minutes of the recent Federal Reserve meeting will be seminal, in the meantime the Greenback is forecast to trade on a NEUTRAL TO POSITIVE footing.
The GBP USD exchange rate stands at 1.5212.
GBP to NZD Conversion Rate Stands at 2.3520
The NEW ZEALAND DOLLAR (currency : NZD) had another difficult day in the markets yesterday following Tuesday’s disappointing Dairy Auction results.
A pronounced decrease in the sale price of milk powder is a worry for investors holding Kiwi-denominated assets as is the increasing evidence that demand from New Zealand’s number one export market – China – is decreasing.
The outlook for the Kiwi is NEGATIVE and the GBP NZD exchange rate stands at 2.3520.
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TAGS: Pound Dollar Forecasts Pound Euro Forecasts Pound New Zealand Dollar Forecasts