Latest Currency News Continued - page 4
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GBP to EUR Exchange Rate Sheds Last Week’s Gains as UK Government Plans Fourth Meaningful Vote
9 May 2019 at 4 PM - Written by Minesh Chaudhari
STORY LINK GBP to EUR Exchange Rate Sheds Last Week’s Gains as UK Government Plans Fourth Meaningful Vote
No matter how impressive last week’s British Pound to Euro (GBP/EUR) exchange rate gains were, the pair has essentially shed all of those gains this week as of the time of writing on Thursday afternoon. A return to UK political uncertainty and a lack of progress on Brexit left the Pound unappealing, as the government appeared to plan a fourth meaningful Parliament vote on its unpopular Brexit plan.
Last week saw GBP/EUR open...
CATEGORIES: Pound Euro Forecasts
Pound South African Rand (GBP/ZAR) Exchange Rate Dips Following SA Election
9 May 2019 at 12 PM - Written by John Cameron
STORY LINK Pound South African Rand (GBP/ZAR) Exchange Rate Dips Following SA Election
South African Rand (ZAR) Buoyed Following General Election
The South African Rand (ZAR) ticked higher against the Pound (GBP) on Thursday as the dust settled on South Africa’s 2019 elections.
While votes are still be counted, with full resulted expected on Saturday, early counts put the ruling ANC party on track to win about 56% of the vote, a slide from the 62% it claimed in the 2014 election.
However this still...
CATEGORIES: Pound Rand Forecasts
Pound to US Dollar Exchange Rate Tumbles from Best Conversion in one Month as Investors Avoid Taking Risks
8 May 2019 at 4 PM - Written by Tim Boyer
STORY LINK Pound to US Dollar Exchange Rate Tumbles from Best Conversion in one Month as Investors Avoid Taking Risks
Following last week’s impressive and solid British Pound to US Dollar exchange rate gains, GBP/USD tumbled on a combination of British political uncertainties and higher market demand for safe haven currencies like the US Dollar. Still, the US Dollar’s appeal is limited amid concerns that US-China trade tensions could negatively hit the US economy.
After opening last week at the level of 1.2915, GBP/USD put in solid gains...
CATEGORIES: Pound Dollar Forecasts
Pound to Swiss Franc Rate Plummets as Sterling Investors Pile into Safe Havens
8 May 2019 at 1 PM - Written by David Woodsmith
STORY LINK Pound to Swiss Franc Rate Plummets as Sterling Investors Pile into Safe Havens
GBP/CHF REPORT MAY 8: Fresh Brexit hopes, combined with a lack of solid demand for safe haven currencies like the Swiss Franc, left the British Pound to Swiss Franc exchange rate surging last week. Since then though, the pair has recoiled from its highs as Brexit uncertainties return and hit the Pound, while investors looking to avoid risks buy the Swiss Franc.
The Pound was in a good position for gains last week, and this made...
CATEGORIES: Pound Swiss Franc Forecasts
Pound to New Zealand Dollar Exchange Rate Slides despite RBNZ Official Interest Rate at All-Time Low
8 May 2019 at 12 PM - Written by John Cameron
STORY LINK Pound to New Zealand Dollar Exchange Rate Slides despite RBNZ Official Interest Rate at All-Time Low
The Pound Sterling New Zealand Dollar exchange rates fell and the pairing is currently trading at an inter-bank rate of NZ$1.9761.
The Reserve Bank of New Zealand (RBNZ) cut its official interest rate to an all-time low.
A weakening job market and disappointing inflation caused the central bank to slash interest rates from 1.75% to 1.5%.
It has been suggested that this is not going to be the last interest rate cut seen...
CATEGORIES: Pound New Zealand Dollar Forecasts
EUR to GBP Exchange Rate Recovers on Hopes of Eurozone Economic Rebound
7 May 2019 at 4 PM - Written by James Fuller
STORY LINK EUR to GBP Exchange Rate Recovers on Hopes of Eurozone Economic Rebound
While not a significant recovery due to lingering Brexit hopes supporting the Pound, the Euro to British Pound (EUR/GBP) exchange rate has rebounded slightly from its worst levels this week so far. The Euro has been supported by fresh signs of strength in Eurozone economic data, buts its potential for gains is limited by some lingering weakness as well as strength in major rivals like the US Dollar (USD).
After opening last...
CATEGORIES: Euro Pound Forecasts
Pound New Zealand Dollar (GBP/NZD) Exchange Rate Steady as PM Faces 1922 Committee Chair
7 May 2019 at 1 PM - Written by John Cameron
STORY LINK Pound New Zealand Dollar (GBP/NZD) Exchange Rate Steady as PM Faces 1922 Committee Chair
Pound (GBP) Muted as May Meets 1922 Committee Chair
The Pound New Zealand Dollar (GBP/NZD) exchange rate was left to trade in a narrow range today, with investors appearing to shy away from Sterling as Theresa May prepared to meet with Sir Graham Brady.
Whilst the PM’s meeting with the Chair of the influential 1922 Committee of backbench Conservatives is routine, it comes amidst growing calls for her to resign as...
CATEGORIES: Pound New Zealand Dollar Forecasts
Pound Australian Dollar (GBP/AUD) Exchange Rate Falls as Australian Building Permits Sink
3 May 2019 at 2 PM - Written by John Cameron
STORY LINK Pound Australian Dollar (GBP/AUD) Exchange Rate Falls as Australian Building Permits Sink
GBP/AUD Exchange Rate Sinks as Australian Building Approvals Plummet
The Pound Australian Dollar (GBP/AUD) exchange rate is down today and is currently trading around AU$1.8577 on the inter-bank market.
The Australian Dollar (AUD) rose against the Pound (GBP) today despite the weak Australian building permits figures for March, which fell below the forecast -14.0% to -15.5%.
Kristina Clifton, a Senior Economist at the...
CATEGORIES: Pound Australian Dollar Forecasts