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Latest Currency News Continued - page 2

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Latest Currency News Headlines

EUR to USD Exchange Rate Touches January Worst as Data Keeps Investors Optimistic on US Economy

20 Jan 2020 at 3 PM - Written by James Fuller

Amid a lack of fresh support for the Euro, the Euro to US Dollar (EUR/USD) exchange rate has been unable to avoid losses while the US Dollar benefits from stronger than expected US ecostats. Strong US data and hopes that the Federal Reserve will avoid a dovish stance are keeping the US Dollar sturdy in recent sessions. For now, investors are both currencies are highly anticipating upcoming data due in the coming sessions which...

CATEGORIES: American Dollar Forecasts Euro Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Steady, US-China Trade Uncertainty Returns

20 Jan 2020 at 12 PM - Written by John Cameron

GBP/AUD Exchange Rate Rangebound Risk Sentiment Sinks as US-China on Collision Course The Pound Australian Dollar (GBP/AUD) exchange rate held steady today, with the pairing currently trading around AU$1.889 as the risk-sensitive ‘Aussie’ continues to benefit from risk-appetite following last week’s signing of the US-China ‘phase one’ trade deal. However, as Washington and Beijing look set for another collision...

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Dips, UK Retail Sales Fall in December

17 Jan 2020 at 3 PM - Written by John Cameron

GBP/USD Exchange Rate Eases as BoE Rate Cut Fears Rise on Poor UK Retail Sales The Pound US Dollar (GBP/USD) exchange rate dipped today, with the pairing currently trading around $1.304 after December’s UK retail sales unexpectedly fell by -0.6% month-on-month, while the year-on-year figure fell below forecasts to 0.9%. Quantitative Economist at UBS, Filip Lipev, commented: ‘The UK seems to be heading to a rate cut on...

CATEGORIES: American Dollar Forecasts Dollar Pound Forecasts Pound Dollar Forecasts

GBP to NZD Exchange Rate Recovery Stops Short as UK Retail Sales Keep Bank of England Bets Afloat

17 Jan 2020 at 12 PM - Written by Ben Hughes

Rising Bank of England (BoE) interest rate cut bets have remained the biggest story for Pound exchange rates this week, but the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has still recovered from weekly lows due to a lack of strength in New Zealand Dollar trade. The New Zealand Dollar has been benefitting slightly from global developments, but lingering uncertainties and underwhelming New Zealand data is keeping...

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Pound New Zealand Dollar (GBP/NZD) Exchange Rate Dips as ‘Kiwi’ Rises on Renewed Market Risk Appetite

16 Jan 2020 at 12 PM - Written by John Cameron

GBP/NZD Exchange Rate Falls as US-China Trade Deal Boosts New Zealand Dollar The Pound New Zealand Dollar (GBP/NZD) exchange rate fell by -0.3% today, with the pairing currently trading around NZ$1.963 after the risk-sensitive ‘Kiwi’ was buoyed following the signing of the long-awaited US-China trade deal. While the deal between Washington and Beijing received a lukewarm response from markets, with Julian Evans-Pritchard...

CATEGORIES: New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts

GBP to ZAR Exchange Rate Climbs on Poor South African Data Ahead of South African Reserve Bank

16 Jan 2020 at 11 AM - Written by Tim Boyer

Despite rising Bank of England (BoE) interest rate cut bets and higher market demand for currencies correlated to trade and risk, the British Pound to South African Rand (GBP/ZAR) exchange rate has recovered to above the week’s opening levels today. The Pound is steadying ahead of tomorrow’s key UK retail sales report, while the South African Rand continues to face pressure from concerns over South Africa’s economic...

CATEGORIES: Pound Rand Forecasts

Euro Pound (EUR/GBP) Exchange Rate Rises as UK Inflation Falls to Three-Year Low in December

15 Jan 2020 at 5 PM - Written by John Cameron

EUR/GBP Exchange Rate Edges Higher as Bank of England Rate Cut Fears Increase The Euro Pound (EUR/GBP) exchange rate dipped by around -0.25% today, with the pairing currently trading at €1.167 at the time of writing after UK inflation fell unexpectedly to a three-year low of 1.3% in December. The Pound (GBP) has struggled now that an interest rate cut from the Bank of England (BoE) now seems more certain, with a flagging...

CATEGORIES: Euro Forecasts Euro Pound Forecasts Pound Euro Forecasts

GBP to AUD Exchange Rate Avoid Losses despite BoE Bets as US-China Trade Uncertainties Persist

15 Jan 2020 at 3 PM - Written by Minesh Chaudhari

Despite Bank of England (BoE) interest rate cut bets continuing to rise in reaction to the latest UK data and general market optimism over recent geopolitical developments, the British Pound to Australian Dollar (GBP/AUD) exchange rate is advancing again today. The Australian Dollar is tumbling amid market disappointment that the US-China ‘phase one’ trade deal would not leave all US tariffs undone, and this is keeping...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to JPY Exchange Rate Holds Ground as Investors Continue to Sell Safe Havens

14 Jan 2020 at 3 PM - Written by Toni Johnson

While the Pound has slumped against many major currencies on Bank of England (BoE) interest rate cut bets this week, the British Pound to Japanese Yen (GBP/JPY) exchange rate has been able to avoid significant losses due to market aversion to safe haven currencies this week. Investors have been hesitant to buy the safe haven Japanese Yen as market sentiment surrounding global geopolitical tensions improves, but the Pound’s...

CATEGORIES: Pound Yen Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Languishes at Three-Week Low as US Inflation Accelerates

14 Jan 2020 at 2 PM - Written by John Cameron

US Dollar (USD) Buoyed by US CPI Figures The US Dollar is trending higher this afternoon as markets response to the latest US consumer price index (CPI). According to data published by the US Bureau of Labor Statistics (BLS), headline inflation climbed from 2.1% to 2.3% in December, rising to its highest levels since October 2018. However the monthly figures came in slightly below expectations, accelerating 0.2% against...

CATEGORIES: American Dollar Forecasts