Pound Rupee forecast page 2 - GBP INR
A round up of the latest Pound Rupee forecast news items from the Currency News desk.
GBP to INR Exchange Rate Slips as UK Wage Growth Disappoints
14 Jun 2017 at 11 AM - Written by David Woodsmith
STORY LINK GBP to INR Exchange Rate Slips as UK Wage Growth Disappoints
This week, concerning UK economic data has prevented the British Pound to Indian Rupee exchange rate from recovering much from its worst levels in over a month. After shedding a rupee last week, GBP/INR trended near a low of 81.47 on Tuesday. The pair has since recovered from this low but remains near the week’s opening levels of...
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Strong Construction PMI Not Enough to Boost GBP/INR
2 Jun 2017 at 2 PM - Written by Toni Johnson
STORY LINK Strong Construction PMI Not Enough to Boost GBP/INR
A strong UK construction PMI has been unable to support the Pound Sterling to Indian Rupee exchange rate today. GBP/INR has declined -0.3% to 82.7830, even though the Markit UK construction PMI for May surprised by leaping to a 17-month high of 56 instead of weakening from 53.1 to 52.7 as expected. IHS Markit Senior Economist Tim Moore...
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GBP INR Exchange Rate Trends Narrowly Despite Weaker Indian Manufacturing PMI
1 Jun 2017 at 4 PM - Written by John Cameron
STORY LINK GBP INR Exchange Rate Trends Narrowly Despite Weaker Indian Manufacturing PMI
Speculation over the likely outcome of next week’s general election continued to provoke volatility for the Pound Indian Rupee exchange rate, with markets sensitive to the latest opinion polls. While YouGov estimated that the Conservative lead had narrowed to just three points, though, other polling companies are still pointing towards...
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GBP INR Exchange Rate Slides as Fund Manager Bets against the Pound
24 May 2017 at 3 PM - Written by Tim Boyer
STORY LINK GBP INR Exchange Rate Slides as Fund Manager Bets against the Pound
The Pound Indian Rupee (GBP INR) exchange rate slid on Wednesday afternoon as BlueBay Asset Management warned that Sterling is likely to tumble whatever the outcome of the UK’s elections. Analysts as the firm suggests that the Pound is likely to drop below $1.20 by the end of the year and that a hard Brexit between the UK and Europe is...
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Indian Finance Minister?s Confidence in Economy Undermines GBP/INR
12 May 2017 at 4 PM - Written by Ben Hughes
STORY LINK Indian Finance Minister?s Confidence in Economy Undermines GBP/INR
A lack of UK data, coupled with a positive outlook for the Indian economy and monetary policy, has pushed the Pound Sterling to Indian Rupee exchange rate down -0.2% to 82.7830. The UK data docket has been entirely empty today, giving markets nothing to distract them from yesterday’s poor data and disappointing developments from the Bank...
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GBP INR Exchange Rate Fluctuates Ahead of UK Growth Report
27 Apr 2017 at 11 AM - Written by James Fuller
STORY LINK GBP INR Exchange Rate Fluctuates Ahead of UK Growth Report
The Pound Indian Rupee (GBP INR) exchange rate continues to fluctuate this week ahead of the release of the UK’s Q1 GDP figures tomorrow. Economists expect that the UK’s economic growth is likely to have fallen at the start of 2017 as the consequences of Brexit finally begin to catch up, leading GDP to fall from 0.7% to 0.4% in the...
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GBP to INR Exchange Rate Drops on Defiantly Strong Rupee
25 Apr 2017 at 11 AM - Written by Frank Davies
STORY LINK GBP to INR Exchange Rate Drops on Defiantly Strong Rupee
Despite market optimism towards the upcoming UK election, the British Pound has been unable to hold its ground against the Indian Rupee this week. Demand for the Rupee jumped on Monday in an emerging market rally and has remained strong. GBP/INR opened the week at the level of 82.83. After briefly striking 83.16, its best level since...
CATEGORIES: Pound Rupee Forecasts