Dollar Pound forecast page 6 - USD GBP

GBP/AUD Exchange Rate Rises, UK Jobs Data Beats Forecasts The Pound Australian Dollar (GBP/AUD) exchange rate rose today following stronger-than-expected UK labour data for June, with joblessness falling from 4.8% to 4.7%, buoying optimism in the nation’s economic recovery. The pairing is currently trading around AU$1.89. UK Chancellor...

GBP/USD Exchange Rate Steady, US Consumer Morale Deteriorates The Pound US Dollar (GBP/USD) exchange rate held steady today following the slide in US Michigan consumer confidence on Friday, which dropped considerably below expectations. The pairing is currently trading around $1.38. Analysts at Bloomberg explained: ‘US consumer...

Pound US Dollar (GBP/USD) Exchange Rate Flat on UK GDP The Pound US Dollar (GBP/USD) exchange rate is trading in a narrow range this morning as markets digest the UK's latest GDP figures At the time of writing, the Pound (GBP) is trading at $1.3876, virtually unchanged from this morning’s opening levels. Pound (GBP) Flat on UK...

GBP/AUD Exchange Rate Falls, Chinese PMIs Beat Forecasts and Improve Risk Appetite The Pound Australian Dollar (GBP/AUD) exchange rate dipped today after the risk-sensitive ‘Aussie’ benefited from stronger-than-expected Chinese PMI data for July. The pairing is currently fluctuating around AU$1.87. Today saw the release of the Chinese...

GBP/USD Exchange Rate Rises as US Manufacturing Growth Cools The Pound US Dollar (GBP/USD) exchange rate edged higher today following yesterday’s lacklustre US ISM manufacturing PMI for July, which fell below forecasts from 60.6 to 59.5, sparking concerns for the world’s largest economy. The pairing is currently fluctuating around...

GBP/AUD Exchange Rate Edges Higher on Risk-Off Mood The GBP/AUD exchange rate rose today following reports of a souring of relations between the US and China during the meting in the Chinese city of Tianjin. Chinese Ministry of Foreign Affairs reported that Beijing had described the relationship between the two countries as being in a...

GBP/CAD Exchange Rate Sinks as Hopes of Rising Oil Prices Boost ‘Loonie’ The Pound Canadian Dollar (GBP/CAD) exchange rate fell by -0.5% today following an upbeat forecast for oil prices from Goldman Sachs analysts, who said they see an ‘upside’ to prices following the OPEC+ supply deal. The pairing is currently fluctuating around...

GBP/CAD Exchange Rate Rises as UK Chancellor Says Economy is ‘Bouncing Back’ The Pound to Canadian Dollar exchange rate rose by 0.2% following a bullish statement by UK Chancellor Rishi Sunak, who said that the UK economy appears to be ‘bouncing back’. The pairing is fluctuating around CA$1.73 at the time of writing. GBP...

GBP/CAD Exchange Rate Rangebound as UK Faces Division Over Easing of Lockdown Restrictions The Pound Canadian Dollar (GBP/CAD) exchange rate held steady today after several senior doctors warning Prime Minister Boris Johnson of ‘potentially devastating consequences’ from the lifting of lockdown restrictions in England on July 19. The...

GBP/AUD Exchange Rate Falls, Risk-On Mood Buoys Australian Dollar The Pound Australian Dollar exchange rate fell today as an increase in risk appetite has boosted demand for the risk-sensitive ‘Aussie’. The pairing is currently fluctuating around AU$1.83. Risk sentiment has improved as key economies including the European Union, the...