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A round up of the latest Pound Sterling forecast news items from the Currency News desk.

Pound Japanese Yen (GBP/JPY) Exchange Rate Falls, JPY Soars on Safe-Haven Demand

18 Mar 2020 at 12 PM - Written by John Cameron

GBP/JPY Exchange Rate Fall as Investors Seek Japanese Yen Refuge The Pound Japanese Yen (GBP/JPY) plummeted by 1% today as investors seek refuge in the safe-haven Japanese currency as Covid-19 fears wrack the global economy. The pairing currently trading around ¥128.75. Japanese Yen (JPY) investors are awaiting further developments over...

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Pound Swedish Krona Exchange Rate Falls as Covid-19 Outbreak Increases BoE Rate Cut Odds

2 Mar 2020 at 5 PM - Written by John Cameron

GBP/SEK Exchange Rate Falls on Dovish BoE Statement The Pound to Swedish Krona (GBP/SEK) exchange rate plummeted by -0.9% today, with the pairing currently fluctuating around 12.207kr as the odds of a Bank of England (BoE) rate cut continues to increase amid rising coronavirus fears. The central bank’s spokesman commented: ‘The...

CATEGORIES: Pound Sterling Forecasts

Brexit and Strong Swedish Data Hits GBP to SEK Exchange Rate to Fortnight Worst

27 Feb 2020 at 2 PM - Written by James Fuller

After seeing relatively narrow movement for most of the week so far, the British Pound to Swedish Krona (GBP/SEK) exchange rate was knocked yesterday and continued to see notable losses today. The Swedish Krona is benefitting from the Pound’s losses on the latest hard Brexit fears, as today’s Swedish data has been fairly...

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Pound Australian Dollar (GBP/AUD) Exchange Rate Sinks as Bank of England Hints at Interest Rate Cuts

9 Jan 2020 at 3 PM - Written by John Cameron

GBP/AUD Exchange Rate Eases as Brexit Uncertainties Return The Pound Australian Dollar (GBP/AUD) exchange rate fell today, with the pairing currently trading around AU$1.898 after Mark Carney, the Bank of England’s (BoE) Governor, hinted at possible stimulus measures to boost the UK’s flagging economy in the months ahead. Mr Carney...

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Pound Australian Dollar (GBP/AUD) Exchange Rate Edges Higher as Tories Lead Opinion Polls

9 Dec 2019 at 5 PM - Written by John Cameron

GBP/AUD Exchange Rate Improves as Polls Indicate Tory Majority The Pound Australian Dollar (GBP/AUD) exchange rate rose today, with the pairing currently trading around AU$1.924 following the Survation’s opinion polls’ suggestion of a Conservative victory on the 12th December general election. The poll showed that the Tories were...

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts Pound Sterling Forecasts

Pound Canadian Dollar Exchange Rate Steady, US-China Trade Uncertainty Weighs on ‘Loonie’

2 Dec 2019 at 4 PM - Written by John Cameron

GBP/CAD Exchange Rate Rangebound, Canadian Manufacturing PMI Improves The Pound Canadian Dollar (GBP/CAD) exchange rate held steady today, with the pairing currently trading around CA$1.718 after Canada’s Markit manufacturing PMI for November expanded at its fastest pace in nine months. Tim Moore, Economists Associate Director at IHS...

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Pound US Dollar (GBP/USD) Exchange Rate Steady, Jeremy Corbyn Backs Pre-Christmas General Election

29 Oct 2019 at 2 PM - Written by John Cameron

GBP/USD Exchange Rate Rangebound, Boris Johnson Pushes for December Election The Pound US Dollar (GBP/USD) exchange rate held steady at around $1.286 today after Labour Party leader Jeremy Corbyn announced that the party was now ready to back a pre-Christmas general election. Mr Corbyn said: ‘We have now heard from the EU that the...

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Pound South African Rand (GBP/ZAR) Exchange Rate Eases as ZAR Benefits from Risk-On Trade

10 Sep 2019 at 5 PM - Written by John Cameron

GBP/ZAR Exchange Rate Down as US-China Trade Deal Hopes Increase The Pound South African Rand (GBP/ZAR) exchange rate fell by -0.2% today, with the pairing currently trading around R18.192 following July’s SA manufacturing production index which eased from -3.6% to -1.1%. However, buying sentiment in the South African Rand (ZAR) has...

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Pound Canadian Dollar (GBP/CAD) Exchange Rate Steadies as Canadian Markets Remain Dovish Ahead of BoC Rate Decision

3 Sep 2019 at 12 PM - Written by John Cameron

GBP/CAD Exchange Rate US-China Trade Deadlock Weighs on ‘Loonie’ The Pound Canadian Dollar (GBP/CAD) exchange rate steadied at around CA$1.608, with Canadian markets becoming concerned over the possibility that the Bank of Canada (BoC) could cut rates tomorrow. Francesco Pesole, a Financial Strategist at ING, commented: ‘[W]e...

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Pound Australian Dollar (GBP/AUD) Exchange Rate Sinks as RBA Takes a Wait-and-See Stance on Monetary Policy

20 Aug 2019 at 12 PM - Written by John Cameron

GBP/AUD Exchange Rate Falls as US-China Trade Developments Remain in Focus The Pound Australian Dollar (GBP/AUD) exchange rate fell by -0.5% today. This left the pairing fluctuating around AU$1.786 after the Reserve Bank of Australia’s board reiterated its wait-and-see on monetary policy going forward. The board’s minutes also...

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts Pound Sterling Forecasts