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Latest Currency News Continued - page 2

Welcome to Currency News. Our aim is simple: deliver expert financial comment and analysis on the world currency markets and exchange rates. The latest currency news, exchange rate forecasts, currency predictions and forex data at your fingertips. International payments? Maximise your foreign currency transfers today.

Latest Currency News Headlines

GBP to CAD Exchange Rate Surges on Surprise Shift from UK Brexit Party’s Election Stance

11 Nov 2019 at 3 PM - Written by Minesh Chaudhari

The British Pound to Canadian Dollar (GBP/CAD) exchange rate saw significant pressure from US-China trade hopes and developments last week, despite the Canadian Dollar being pressured by fresh signs of weakness in Canadian data. This week so far though, relief about Britain’s economy, as well as a boost to the perceived chances of a relatively soft Brexit, have sent the pair surging to new highs. After opening last week at...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound-Rand Exchange Rate Rises as UK Escapes Falling into Recession

11 Nov 2019 at 11 AM - Written by John Cameron

The Pound Sterling to Rand exchange rate rose on Monday as risk appetite declined, leaving the pairing trading at around R19.0694. This morning, the Office for National Statistics (ONS) revealed the UK avoided falling into recession during the third quarter as annual growth increased by 1%. While this was the weakest rate of annual growth seen since 2010 when the UK was pulling itself out of recession, this did little to...

CATEGORIES: Pound Rand Forecasts

GBP to AUD Exchange Rate Recovers as Reserve Bank of Australia Rate Cut Bets Return

8 Nov 2019 at 5 PM - Written by Ben Hughes

Despite trending lower for most of this week, and briefly seeing a slump yesterday, the British Pound to Australian Dollar (GBP/AUD) exchange rate has rebounded from its lows today and ultimately hasn’t seen huge losses this week after all. Demand for the Pound has been limited amid political uncertainty, but the Australian Dollar has seen big shifts in movement this week which have driven exchange rate movement. After...

CATEGORIES: Pound Australian Dollar Forecasts

Pound Sterling to Dollar Exchange Rate: Sterling Sheds Value vs Dollar Further Ground on Improved US Consumer Confidence

8 Nov 2019 at 4 PM - Written by Frank Davies

As the University of Michigan (UoM) consumer sentiment index showed a modest improvement on the month the Pound Sterling to US Dollar (GBP/USD) exchange rate shed further ground. With US consumer sentiment proving resilient in the face of ongoing trade tensions with China and the EU the risk of weaker economic growth appeared to ease. As higher levels of confidence are likely to translate into increased consumer spending...

CATEGORIES: Pound Dollar Forecasts

Euro US Dollar (EUR/USD) Exchange Rate Stable as German Exports Rebound

8 Nov 2019 at 11 AM - Written by John Cameron

Euro (EUR) Stabilises on Solid German Trade Figures The Euro (EUR) exchange rate is holding its ground this morning as markets cheered some surprisingly upbeat trade figures from Germany. According to data published by the Federal Statistics Office, Destatis, Germany’s trade surplus ballooned to €21.1bn from €16.4bn in September. This came on the back of an impressive rebound in exports, which expanded by 1.5%...

CATEGORIES: American Dollar Forecasts Euro Forecasts

Risk-On Tone Leaves Pound Japanese Yen (GBP/JPY) Exchange Rate Muted

8 Nov 2019 at 11 AM - Written by John Cameron

Pound Japanese Yen (GBP/JPY) Exchange Rate Flat as US-China Optimism Sparks Risk Appetite The Pound Sterling Japanese Yen (GBP/JPY) exchange rate was left flat, with the pairing currently trading at around ¥140.1000. The safe-haven Japanese Yen was left under pressure on Friday as risk appetite increased following a fresh upswing of US-China trade optimism. Reports revealed that officials in both Washington and Beijing...

CATEGORIES: Pound Yen Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Crumbles as BoE Split Emerges

7 Nov 2019 at 4 PM - Written by Frank Davies

Divided Bank of England Rate Vote Dents Pound Sterling US Dollar (GBP/USD) Exchange Rate A split in the Bank of England’s (BoE) latest interest rate decision caught markets off guard, leaving the Pound Sterling to US Dollar (GBP/USD) exchange rate on the back foot. Investors had anticipated another unanimous decision to leave interest rates at 0.75%, exposing the Pound to sharp selling pressure when policymakers instead...

CATEGORIES: Pound Dollar Forecasts

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Falls as Two BoE Policymakers Vote in Favour of Rate Cut

7 Nov 2019 at 3 PM - Written by John Cameron

Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Slides as BoE Downgrade Growth Forecasts The Pound Sterling New Zealand Dollar (GBP/NZD) exchange rate slumped after the Bank of England (BoE) left interest rates on hold, leaving the pairing trading at around NZ$2.0130. In the last monetary policy meeting before the 12th December election, the BoE left rates unchanged at 0.75%, with seven out of nine policymakers...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to EUR Exchange Rate Gives up Weekly Gains after Shock Bank of England (BoE) Split

7 Nov 2019 at 1 PM - Written by James Fuller

For most of the week so far, the British Pound to Euro (GBP/EUR) exchange rate trended higher due to a combination of UK election hopes and concerns about the health of Germany’s economy amid broad recession fears. However, following a surprise shift in stance from Bank of England (BoE) officials today, the pair has quickly shed most of this week’s gains and as Britain’s economic outlook is perceived to have...

CATEGORIES: Pound Euro Forecasts

Pound Euro (GBP/EUR) Exchange Rate Flat Ahead of BoE Monetary Policy Meeting

6 Nov 2019 at 4 PM - Written by John Cameron

Pound Sterling Euro (GBP/EUR) Exchange Rate Muted as PM Promises to Get Brexit ‘Over the Line’ The Pound Sterling Euro (GBP/EUR) exchange rate was left flat and the pairing is currently trading at around €1.1621. Political uncertainty weighed on Sterling as Prime Minister Boris Johnson made a statement, marking the start of his election campaign. Johnson said the Conservative Party would get Brexit ‘over the...

CATEGORIES: Pound Euro Forecasts