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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

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Bolstered as RBNZ Leaves Negative Rates on the Table

13 May 2020 at 3 PM - Written by Frank Davies

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Rallies as RBNZ Fails to Rule out Negative Rates A dovish message from the Reserve Bank of New Zealand (RBNZ) helped to push the Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate higher. While policymakers left interest rates on hold at 0.25%, as anticipated, investors were spooked by the central bank’s failure to rule out the possibility of negative interest...

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Pound US Dollar (GBP/USD) Exchange Rate Rallies in Anticipation of Dovish Fed Commentary

13 May 2020 at 11 AM - Written by Frank Davies

The first quarter UK gross domestic product proved slightly better than forecast, helping to limit the downside potential of the Pound Sterling to US Dollar (GBP/USD) exchange rate. As the quarterly growth rate clocked in at -2.0% rather than the feared -2.5% this put limited pressure on Pound Sterling as investors had braced for a sharper deterioration. Even so, the outlook for the UK economy remains muted in the wake of...

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Pound to Australian Dollar (GBP/AUD) Exchange Rate Dips as Australian Business Confidence Suffers

12 May 2020 at 4 PM - Written by John Cameron

GBP/AUD Exchange Rate Sinks as Australia-China Tensions Rise The Pound to Australian Dollar (GBP/AUD) exchange rate fell by -0.3% today despite the release of the National Australia Bank’s (NAB) business confidence report for April, which plummeted by -46. The pairing is currently trading around AU$1.89. Martin Haese, the chief executive at Business SA, described the results as ‘catastrophic’ for South Australia’s...

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Pound Norwegian Krone (GBP/NOK) Exchange Rate Plummets as Norway Lays ‘Groundwork’ for ‘Emergence From the Crisis’

12 May 2020 at 3 PM - Written by John Cameron

Pound Sterling Norwegian Krone (GBP/NOK) Exchange Rate Falls by Over 1% The Pound Sterling Norwegian Krone (GBP/NOK) exchange rate plummeted by around -1.3%, leaving the pairing trading at around 12.5313Kr. Reports revealed that for the first time in more than a decade, Norway will exceed a self-imposed cap on spending from its sovereign wealth fund in an attempt to help the economy which has been battered by the...

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Pound to Swedish Krona (GBP/SEK) Exchange Rate Steady as Swedish Economy Faces ‘Unprecedented Declines’

11 May 2020 at 5 PM - Written by John Cameron

GBP/SEK Exchange Rate Rangebound as Sweden Fails to Benefit from No-Lockdown Approach The Pound to Swedish Krona (GBP/SEK) exchange rate held steady today following news that Sweden is unlikely to benefit from its no-lockdown approach to tackling the coronavirus. The pairing is currently trading around 12.130kr. Christina Nyman, former deputy head of monetary policy at Riksbank, commented: ‘It is too early to say that we...

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Pound Norwegian Krone (GBP/NOK) Exchange Rate Slumps as Wuhan Reports New Wave of Coronavirus Infections

11 May 2020 at 12 PM - Written by John Cameron

Pound Sterling Norwegian Krone (GBP/NOK) Exchange Rate Falls as Norwegian Inflation Rises The Pound Sterling Norwegian Krone (GBP/NOK) exchange rate slumped by around -0.5% this morning, leaving the pairing trading at around 12.6106Kr. The Norwegian Krone edged higher this morning after the country’s inflation rate edged up higher than expected. Month-on-month, inflation rose by a better-than-expected 0.4% in April,...

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Pound Canadian Dollar (GBP/CAD) Exchange Rate Slides Thanks to Chinese Trade Resurgence

7 May 2020 at 3 PM - Written by Frank Davies

Surprise Chinese Trade Turnaround Drags on Pound Canadian Dollar (GBP/CAD) Exchange Rate An unexpectedly recovery in China’s April trade data left the Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate on the back foot as market risk appetite improved. Demand for the Canadian Dollar generally picked up after the Chinese trade surplus delivered a surprise widening, driven by a 3.5% monthly uptick in export...

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Pound South African Rand (GBP/ZAR) Exchange Rate Falls as UK Set to Face Worst Downturn in 300 Years

7 May 2020 at 12 PM - Written by John Cameron

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Falls despite Dire ZA Business Confidence The Pound Sterling South African Rand (GBP/ZAR) exchange rate slumped by around -0.7% on Thursday morning, leaving the pairing trading at around R23.0309. The South African Rand was able to make gains today despite data revealing that business confidence in the country plummeted to its lowest level since 1985. April’s...

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Pound to Euro (GBP/EUR) Exchange Rate Dips as UK Construction PMI Plummets

6 May 2020 at 4 PM - Written by John Cameron

GBP/EUR Exchange Rate Falls as Covid-19 Ravishes British Construction The Pound to Euro (GBP/EUR) exchange rate dipped today, with the pairing currently trading around €1.114. Sterling suffered following today’s release of April’s UK Construction PMI, which plummeted to a worse-than-expected 8.2 from March’s 39.3. As a result, Pound investors have becoming increasingly jittery over Britain’s struggling economy in the...

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Pound Australian Dollar (GBP/AUD) Exchange Rate Falls Ahead of Thursday’s BoE Meeting

6 May 2020 at 1 PM - Written by John Cameron

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate as PM Likely to Extend Lockdown The Pound Sterling Australian Dollar (GBP/AUD) exchange rate slumped on Wednesday, leaving the pairing trading at around AU$1.9223. Today’s boost in risk appetite buoyed the ‘Aussie’ while Sterling remained under pressure as traders worried about the downside risks to the British currency ahead of the Bank of England’s (BoE)...

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