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Latest Currency News Continued - page 2

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Latest Currency News Headlines

GBP to ZAR Exchange Rate Continues Advances despite UK PM Boris Johnson Contracting Coronavirus

27 Mar 2020 at 12 PM - Written by Toni Johnson

Investors continued to buy the British Pound to South African Rand (GBP/ZAR) exchange rate through the end of the week. The Pound continued to benefit from the market’s slightly stronger demand for riskier assets, but the Rand failed to capitalise at all. This is due to signs that South Africa is struggling with the coronavirus outbreak, combined with general concern over the health of South Africa’s economic outlook....

CATEGORIES: Pound Rand Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Benefits from Lack of BoE Action

26 Mar 2020 at 4 PM - Written by Frank Davies

Lack of Bank of England Action Supports Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate The Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate found some support in the wake of the Bank of England’s (BoE) scheduled March policy meeting. While the BoE issued a fresh warning over the outlook of the UK economy this failed to weigh on the Pound during trade on Thursday. As markets had not expected to see any...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Jumps as US Jobless Claims Skyrocket by Over Three Million

26 Mar 2020 at 3 PM - Written by John Cameron

Pound Sterling US Dollar (GBP/USD) Exchange Rate Rallies as US Jobless Figures Rise to Record High The Pound Sterling US Dollar (GBP/USD) exchange rate rallied this afternoon, trading at around 1.7% higher. This left the pairing trading at around $1.2031. The US Dollar suffered significant losses today after US jobless figures rose by a higher-than-expected 3.283 million in just a week. The coronavirus pandemic caused...

CATEGORIES: Pound Dollar Forecasts

GBP to EUR Exchange Rate Rebounds as Markets Show Signs of Stability

25 Mar 2020 at 4 PM - Written by Ben Hughes

The market is experiencing a rebound in demand for riskier assets this week, and this is helping the British Pound to Euro (GBP/EUR) exchange rate to recover a little more solidly from its recent lows. However, signs of improving fiscal action in the Eurozone is keeping the Euro fairly appealing, and overall the Pound’s appeal remains limited. The latest movements in markets are largely due to impressive stimulus news from the...

CATEGORIES: Pound Euro Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Slumps as US ‘Fiscal Bazooka’ Boosts Risk Appetite

25 Mar 2020 at 3 PM - Written by John Cameron

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Falls as US Stimulus Bill Buoys Risk Appetite The Pound Sterling Australian Dollar (GBP/AUD) exchange rate slumped by around 0.4% this afternoon, leaving the pairing trading at around AU$1.9654. The risk-sensitive Australian Dollar received an upswing of support today, after US senators and the Trump administration reached an agreement on a huge economic stimulus bill...

CATEGORIES: Pound Australian Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Rises as US Fed Reveals ‘Bazooka’ Stimulus Package

24 Mar 2020 at 4 PM - Written by John Cameron

GBP/USD Exchange Rate Edges Higher, Fed Outlines ‘Bazooka’ Stimulus Package The Pound US Dollar (GBP/USD) exchange rate rose by 1% today after yesterday saw the US Federal Reserve unveil its essentially unlimited quantitative easing program to support the US economy. The pairing is currently fluctuating around $1.172. Jingyi Pan, a market strategist at IG, commented: ‘Certainly, the Fed’s latest round of support...

CATEGORIES: American Dollar Forecasts Dollar Pound Forecasts Pound Dollar Forecasts

Stricter Coronavirus Measures Buoys Pound Australian Dollar (GBP/AUD) Exchange Rate

24 Mar 2020 at 4 PM - Written by John Cameron

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Edges Higher as UK Introduces Stricter Measures The Pound Sterling Australian Dollar (GBP/AUD) exchange rate edged higher this afternoon, leaving the pairing trading at around AU$1.9816. The Pound received some support this morning as traders moved away from the safe-haven US Dollar after the Federal Reserve announced it would offer markets as much liquidity as...

CATEGORIES: Pound Australian Dollar Forecasts

EUR to GBP Exchange Rate Struggles to Advance Further amid Pound’s Rebound

24 Mar 2020 at 1 PM - Written by Minesh Chaudhari

The Euro has been benefitting slightly from rival weakness today, but despite this the Euro to Pound (EUR/GBP) exchange rate has been struggling to sustain any gains. As the Pound rebounds from its worst levels after days of sharp losses, the Euro has been unable to keep climbing. Still, the Pound’s rebound might be limited unless there is more supportive UK developments soon, so it’s also possible that the pair will resume...

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GBP to AUD Exchange Rate Slips Again as Federal Reserve’s Coronavirus Action Boosts Sentiment

23 Mar 2020 at 3 PM - Written by Toni Johnson

Markets opened this week to fresh coronavirus panic, but the British Pound to Australian Dollar (GBP/AUD) exchange rate is currently tumbling. The latest stimulus action from govermments and central banks is keeping markets a little more optimistic, which is helping risk-correlated currencies like the Australian Dollar to avoid deeper losses. As for the Pound, it remains highly volatile as Britain’s coronavirus situation...

CATEGORIES: Pound Australian Dollar Forecasts

Falling Oil Prices Sends the Pound Canadian Dollar (GBP/CAD) Exchange Rate Higher

23 Mar 2020 at 2 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Rises as Oil Prices Continue to Slump The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate rose by around 0.6%, leaving the pairing trading at around CA$1.6766. The oil-sensitive ‘Loonie’ slumped today as Brent crude prices extended its slump amid further action from governments to contain the coronavirus outbreak. The pandemic has cut demand for oil and...

CATEGORIES: Pound Canadian Dollar Forecasts