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Latest Currency News Continued - page 4

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 Rebounds as UK Services Sector Avoids Deeper Contraction

6 Jan 2020 at 3 PM - Written by James Fuller

Today’s stronger than expected UK PMI results have sent the Pound climbing against most major currencies, and the British Pound to Canadian Dollar (GBP/CAD) exchange rate is among the pairs seeing strong gains today. This is despite prices of oil, Canada’s most lucrative commodity, only seeing further gains. Market demand for the ‘Loonie’s is limited due to market aversion towards currencies correlated to risk or...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to USD Exchange Rate Plummets as Military Action Leaves Investors Piling into Safe Havens

3 Jan 2020 at 12 PM - Written by James Fuller

A combination of limp market demand for the Pound, as well as a surge in safe haven demand, have knocked the British Pound to US Dollar (GBP/USD) exchange rate down before markets close for the week. A US air strike in Iraq took place overnight and has caused a surge in global geopolitical jitters. These fresh uncertainties have led to stronger demand for safe haven correlated currencies, such as the US Dollar. Since opening...

CATEGORIES: Pound Dollar Forecasts

Pound Euro (GBP/EUR) Exchange Rate Loses Traction as UK Consumer Credit Growth Slides

3 Jan 2020 at 10 AM - Written by Frank Davies

Weaker UK Consumer Credit Weighs on Pound Sterling Euro (GBP/EUR) Exchange Rate A sharper-than-expected easing in November’s UK consumer credit figure left the Pound Sterling to Euro (GBP/EUR) exchange rate on the back foot ahead of the weekend. As borrowing dropped from 1.33 billion to 0.56 billion this suggests that households took a more cautious view ahead of December’s snap general election, putting further pressure...

CATEGORIES: Pound Euro Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Sinks as US Factory Output Improves in December

2 Jan 2020 at 4 PM - Written by John Cameron

GBP/USD Exchange Rate Edges Higher as US Economy Starts Off on ‘Softer Footing’ The Pound US Dollar (GBP/USD) exchange rate fell by -0.6% today, with the pairing currently trading around $1.315 after the US factory output figure showed a slight expansion at 52.4 in December. Chris Williamson, Chief Business Economist at IHS Markit, comments: ‘The US manufacturing sector continued to recover from the soft-patch seen in...

CATEGORIES: American Dollar Forecasts Dollar Pound Forecasts

Pound Euro (GBP/EUR) Exchange Rate Sheds Ground as UK Manufacturing Decline Worsens

2 Jan 2020 at 4 PM - Written by Frank Davies

Pound Euro (GBP/EUR) Exchange Rate Slips as UK Manufacturing Contraction Deepens A slight upward revision to December’s UK manufacturing PMI was not enough to prevent the Pound Sterling to Euro (GBP/EUR) exchange rate from sliding on Thursday. In spite of the slight upgrade from its initial reading the index still hit its second-lowest reading since 2012, highlighting a sustained slowdown within the manufacturing...

CATEGORIES: Pound Euro Forecasts

GBP to AUD Exchange Rate Holds Weekly Highs amid Chinese Manufacturing Miss and Strong USD

2 Jan 2020 at 2 PM - Written by Toni Johnson

Despite broad market hopes that the global growth and trade outlooks will improve in 2020, market risk and trade sentiment dipped today and the British Pound to Australian Dollar (GBP/AUD) exchange rate was able to more easily hold this week’s advances. The Pound lacks the drive to advance much higher though, and if upcoming Australian data disappoints or the Pound weakens again, the pair could quickly fall back. Since...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to NZD Exchange Rate Fails to Advance as New Zealand Dollar Demand Remains Strong

30 Dec 2019 at 3 PM - Written by Ben Hughes

Despite the Pound seeing another rebound attempt on Monday in response to some stronger than expected UK mortgage data, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate was unable to sustain much in the way of gains due to broad strength persisting in the New Zealand Dollar. The New Zealand Dollar is a risk and trade-correlated currency that has been benefitting from global trade and growth hopes, as well as US...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound Canadian Dollar Exchange Rate News: GBP/CAD Targets One-Week High

30 Dec 2019 at 2 PM - Written by John Cameron

Pound (GBP) Buoyed but No-Deal Brexit Risks Loom The Pound (GBP) is trending higher against the Canadian Dollar (CAD) and the majority of its other peers at the start of this week’s session. There appears to be no fundamentals behind this rise, and it comes amid the lull between Christmas and New Year which traditionally leads to thin trading conditions and low liquidity. The uptick in Sterling has likely been in some...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Recovers from Limp Performance amid Canadian Growth Concerns

27 Dec 2019 at 12 PM - Written by Ben Hughes

Brexit uncertainties have been keeping the Pound under pressure through quiet holiday trade this week, but the British Pound to Canadian Dollar (GBP/CAD) exchange rate has ultimately avoided losses due to lingering weakness in the Canadian Dollar. Investors have been hesitant to buy the Canadian Dollar amid this week’s Canadian growth data, which showed Canada’s economy contracting in October. Since opening this week at the...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound US Dollar Exchange Rate Sinks as Brexit Cliff-Edge Fears Continue to Haunt UK Markets

23 Dec 2019 at 5 PM - Written by John Cameron

GBP/USD Exchange Rate Falls as UK Economic Outlook Dampened by Brexit The Pound US Dollar (GBP/USD) exchange rate fell by -0.4% today, with the pairing currently trading around $1.294 as markets continue to react negatively to Prime Minister Boris Johnson’s new Withdrawal Agreement Bill, which limits the ‘transition period’ for the UK’s leaving for the EU to before the end of December 2020. Dean Turner, UK Economist...

CATEGORIES: Australian Dollar Forecasts Dollar Pound Forecasts Pound Dollar Forecasts