Latest Currency News Continued - page 463

Today Foreign Exchange Markets Saw the Euro to Dollar Exchange Rate Rally The Euro strengthened against the US Dollar to rally to a session high, after the European Central Bank (ECB) left interest rates unchanged at the historic low level of 0.05% and as ECB President Mario Draghi suggested that no quantitative easing measures will be introduced for the time being. Against the US Dollar, the single currency recovered from...

Currency News UK presents our Euro to Pound exchange rate forecast The main event of the day in the global currency markets came earlier on when the European Central Bank (ECB) President Mario Draghi took to the stage to face the assembled gentlemen of the press for his latest monthly Questions and Answers session. The Pound to Australian Dollar exchange rate today is converting +0.06 per cent higher at 1.87018 GBP/AUD. The...

Currency News UK presents the Pound Sterling (currency:GBP) exchange rate forecasts against the Euro (currency:EUR), US Dollar (currency:USD) and the Australian Dollar (currency:AUD) The POUND STERLING (currency:GBP) enjoyed a stellar day on the currency markets yesterday, recording strong gains against nearly all of the other major currencies. Better than expected services sector data and an increase to the British...

Pound to New Zealand Dollar Exchaneg Rate (GBP/NZD) Climbs on Upbeat UK Data, Dairy Prices Fall The Pound advanced against the New Zealand Dollar when it emerged that New Zealand farmers could experience additional losses in the coming months due to weather conditions. An El Nino weather pattern has emerged and is likely to cause drought in some areas of New Zealand. As a result, water restrictions could be put in place,...

The Pound strengthened against the Indian Rupee as the UK currency received support from the release of data which showed that the nation’s dominant services sector expanded more than forecast in November and received support from an improved UK economic forecast by Chancellor George Osborne. According to research group Markit, its purchasing managers index for the UK service sector showed that the nations service industry...

Latest Pound Sterling (currency:GBP) vs Euro (currency:EUR), US Dollar (currency:USD) and the Australian Dollar (currency:AUD) exchange rate forecasts The EURO (currency:EUR) lost a small amount of ground against Sterling yesterday, propelling the GBP EUR exchange rate up to as high as 1.2639. Tomorrow afternoon’s European Central Bank policy announcement is key to the future prospects of the single currency. The consensus...

The Pound has been trading within a narrow range versus the Swiss Franc after UK figures disappointed. Furthermore, the ‘Swissie’ is likely to be bearish in nature ahead of Switzerland’s upcoming Gross Domestic Product (GDP) Growth Rate figures, which have been forecast to contract in the third quarter. The ‘Save Our Swiss Gold’ initiative got voted down last week, causing the price of gold to drop. The...

Latest News for the Pound Sterling (currency:GBP) vs the Aus Dollar (currency:AUD) and the NZ Dollar (currency:NZD) Russia’s incursion into the Eastern part of Ukraine could have far-reaching consequences on the tentative global economic recovery, if official figures published by the Russian economic development ministry earlier today are anything to go by. The most recent official forecast was for a 1.2% expansion in...

The Pound held onto gains against the South African Rand despite UK data raising concerns that the nation is likely to face an economic slowdown over the coming months. The Rand meanwhile weakened due to a strengthening US Dollar and concerns over commodity prices and the wider global economy. ZAR Rates Today The Rand to Australian Dollar exchange rate is -0.78 pct lower with a conversion rate of 1 ZAR equals 0.10635...

Currency News UK presents our latest Pound forecast The closely-monitored VIX ‘Fear Index’ spiked during yesterday’s session as investors factored-in a disappointing showing from the latest set of Chinese manufacturing figures. VIX has been plumbing the depths, holding just above the 12.00 threshold during Friday trading. However, the early part of yesterday’s American session saw it climb drastically to break the...