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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 ZAR Exchange Rate Jittery as Both Currencies Hit by Coronavirus Concern

17 Mar 2020 at 1 PM - Written by Ben Hughes

Broad weakness in the South African Rand yesterday made it easier for the British Pound to South African Rand (GBP/ZAR) exchange rate to rise. However, movement has been more mixed today, with both currencies being hit by worsening concerns over the coronavirus pandemic in Britain and South Africa. Market anticipation for further developments and South African Reserve Bank (SARB) news is limiting the Rand’s appeal. Last...

CATEGORIES: Pound Rand Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Rises as Risk-Off Markets Weigh on ‘Aussie’

16 Mar 2020 at 5 PM - Written by John Cameron

GBP/AUD Exchange Rate Edges Higher, Australian Economic Woes Continue The Pound Australian Dollar (GBP/AUD) exchange rate edged higher today as the risk-sensitive ‘Aussie’ suffers on global recession fears. The pairing is currently trading around AU$2.00. Sean Callow, the senior currency strategist at Westpac, commented: ‘The overall backdrop is profoundly bearish for the Aussie because of its sensitivity to global...

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts

GBP to CAD Exchange Rate’s Sudden Monday Rebound Could Continue as CAD Slumps

16 Mar 2020 at 3 PM - Written by David Woodsmith

The Pound continues to see broadly mixed movement this week so far, but due to considerable weakness in the Canadian Dollar the British Pound to Canadian Dollar (GBP/CAD) exchange rate has been able to rebound from its worst levels. Concerns over the coronavirus outbreak have hit the Canadian Dollar especially hard as they are also causing significant issues in oil markets. The Canadian Dollar looks likely to see continued...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Slides as UK Coronavirus Measures Criticized

13 Mar 2020 at 3 PM - Written by John Cameron

Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Slumps as UK Coronavirus Cases Jump to 798 The Pound Sterling New Zealand Dollar (GBP/NZD) exchange rate slumped by around -0.7%, leaving the pairing trading at around NZ$2.0415. Sterling slumped at the end of the week as the UK’s measures announced following Boris Johnson’s Cobra meeting were widely criticized. The UK has now moved from the ‘contain’...

CATEGORIES: Pound New Zealand Dollar Forecasts

Coronavirus Pandemic Fears Leaves Pound New Zealand Dollar (GBP/NZD) Exchange Rate Flat

12 Mar 2020 at 1 PM - Written by John Cameron

Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Muted on Pandemic Fears The Pound Sterling New Zealand Dollar (GBP/NZD) exchange rate remained muted, leaving the pairing trading at around NZ$2.0441. The New Zealand Dollar remained under pressure today after the World Health Organization (WHO) declared the coronavirus outbreak was now a pandemic. Added to this, risk appetite amongst investors slumped after...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Rises as Covid-19 Fears Weigh on ‘Aussie’

12 Mar 2020 at 1 PM - Written by John Cameron

GBP/AUD Exchange Rate Rises as Australian Economic Outlook Darkens The Pound Australian Dollar (GBP/AUD) exchange rate rose by 0.8% today after Australian Prime Minister Scott Morrison announced a $17 billion coronavirus stimulus package to aid Australia’s struggling economy. This left the pairing trading around AU$1.995. The Australian Dollar (AUD) fell after the announcement as many economists still believe that the...

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Recovers Ground amid Covid-19 Anxiety

12 Mar 2020 at 9 AM - Written by Frank Davies

As Australian consumer inflation expectations failed to pick up on the month as forecast the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate recovered some of its lost ground. With inflationary pressure failing to build further the risk of further potential Reserve Bank of Australia (RBA) policy action remains, to the detriment of the antipodean currency. Support for AUD exchange rates also weakened in response...

CATEGORIES: Pound Australian Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Steady, UK Spring Budget Uplifts Sterling

11 Mar 2020 at 4 PM - Written by John Cameron

GBP/USD Exchange Rate Rangebound, UK Receives ‘Largest Fiscal Boost in Decades’ The Pound US Dollar (GBP/USD) exchange rate held steady today after Rishi Sunak, the newly-appointed Chancellor of the Exchequer, released the Spring Budget for the next five years. Sarah Carlson, a Senior Vice President at Moody’s, was upbeat about the new budget, commenting: ‘The fiscal stimulus announced by Chancellor Rishi Sunak in...

CATEGORIES: American Dollar Forecasts Pound Dollar Forecasts

BoE’s Emergency Rate Cut Leaves Pound Canadian Dollar (GBP/CAD) Exchange Rate Flat

11 Mar 2020 at 11 AM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Muted as BoE Announce Surprise Rate Cut The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate remained flat, leaving the pairing trading at around CA$1.7734. On Wednesday, the Bank of England (BoE) became the latest central bank to ease monetary policy through an emergency 50 basis point rate cut just before the UK spring budget. Following the lead of central...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Rises as Coronavirus Sends Aussie Confidence Near Seven-Year Low

10 Mar 2020 at 4 PM - Written by John Cameron

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Rises on Weak Aussie Confidence The Pound Sterling Australian Dollar (GBP/AUD) exchange rate jumped by around 0.5%, leaving the pairing trading at around AU$1.9924. The Australian dollar remained on the back foot today after data revealed business confidence continued to decline in February. National Australia Bank (NAB) showed that business confidence fell by -4...

CATEGORIES: Pound Australian Dollar Forecasts