Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 466

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

Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

8 Apr 2011 at 5 PM - Written by John Cameron

POUND STERLING Sterling once again failed to make gains against any majors with the exception of the safe haven Yen and Dollar. This morning’s Producer Price Index figure came out higher than expected, printing at its highest level since 2008, increasing calls from economists for a raise in base rate. However, when even positive data fails to strengthen a currency, warning bells ring. NEAR-TERM OUTLOOK – NEUTRAL TO...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Currency Exchange Rates - Pound Euro GBP EUR Trades Down On ECB Interest Rate Hike

8 Apr 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1384. The Euro Dollar exchange rate (EUR/USD) is 1.4417. The European Central Bank raised its headline lending rate form 1.00% to 1.25% yesterday under a backdrop of continuing Eurozone sovereign debt concerns. Portugal’s ongoing debt crisis came to a head just a few hours before the rate hike, when the stand-in Portuguese Prime Minister, Jose Socrates, announced that the...

CATEGORIES: Daily Currency Updates Euro Forecasts Pound Euro Forecasts

Exchange Rate Outlook Forecast for Majors : GBP, USD, EUR, AUD, NZD, CAD

7 Apr 2011 at 4 PM - Written by John Cameron

POUND STERLING As expected, the Bank of England Monetary Policy Committee opted to maintain UK interest rates at their record low level of 0.50%. They also announced today that the current Asset Purchase scheme will be limited to its current level of £200Bn. The announcement had little effect on Sterling, as it had already been factored into prices. NEAR-TERM OUTLOOK – NEUTRAL. US DOLLAR – The Pound Dollar exchange...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Rates - GBP AUD Rate Drops While EUR Comes Under Pressure

7 Apr 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1433. The Pound Australian Dollar exchange rate (GBP/AUD) is 1.5587. Market focus once again turned to Eurozone sovereign debt concerns overnight, when Portugal became the third European state to approach the European Union for a financial bailout. Portugal’s stand-in Prime Minister, Jose Socrates, was forced to follow Greece and Ireland’s lead in seeking funding after...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

6 Apr 2011 at 5 PM - Written by John Cameron

POUND STERLING The Pound has been brought back down to earth with a bang today following yesterday’s positive Service Sector data. This morning’s Manufacturing Production data for February came out significantly worse than expectations, causing significant selling pressure on Sterling. Tomorrow’s Bank of England rate decision is unlikely to provide any respite. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Rates - GBP USD Rate Up Following Federal Reserve Statement

6 Apr 2011 at 5 AM - Written by John Cameron

The Pound Dollar exchange rate (GBP/USD) is 1.6352. The Euro Dollar exchange rate (EUR/USD) is 1.4287. The Federal Reserve voted to maintain US monetary policy at current levels when they met last night. This means that interest rates stay at a record low of 0-0.25% and the current asset purchase scheme remains on track for its June completion date. The Minutes which accompanied the Fed’s announcement showed that although...

CATEGORIES: American Dollar Forecasts Canadian Dollar Forecasts

Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, CAD

5 Apr 2011 at 5 PM - Written by John Cameron

POUND STERLING Sterling has had its best day for some time today following some extremely positive Service Sector data this morning. Tomorrow’s NIESR GDP figure will be extremely closely-watched by analysts – if it confirms that the UK economy has returned to growth in Q1 of 2011, then expect further upside for Sterling. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE. US DOLLAR – The Pound Dollar exchange rate (GBP/USD)...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Rates ? GBP EUR Gains on Negative Eurozone Sales Figures

5 Apr 2011 at 11 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1451. The Euro Dollar exchange rate (EUR/USD) is 1.4169. The Euro has come under significant selling pressure in the early part of today’s European session, following the release of February’s whole-of-Eurozone Retail Sales figures. These figures showed that prices unexpected contracted by 0.1% in February, against analysts’ expectations of a slight increase. The levels that...

CATEGORIES: Euro Forecasts Pound Euro Forecasts Pound Sterling Forecasts

Pound Australian Dollar Report ? GBP AUD Rate Drops Following Poor Australian Trade Figures, While US Currency Weakens

5 Apr 2011 at 9 AM - Written by John Cameron

The Pound Australian Dollar exchange rate (GBP/AUD) is 1.5651. The Pound US Dollar exchange rate (GBP/USD) is 1.6158. Australian Trade Balance figures released overnight provided considerable cause for concern for investors holding Australian Dollar denominated assets. February’s figure shocked the markets by showing a monthly deficit of AUD205m against expectations of a surplus of AUD1.2bn. The data release also revealed...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Exchange Rate Outlook Forecast for Majors : GBP, EUR, USD, AUD, NZD, CAD

4 Apr 2011 at 4 PM - Written by John Cameron

POUND STERLING A thin day for UK data saw the Pound enjoy gains almost across the board. This morning’ s PMI construction data came out better than anticipated, fuelling fears that rising UK price rises may gain their own momentum, forcing the Bank of England to take action. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE. EURO – The Pound Euro exchange rate (GBP/EUR) is 1.1339 Futures markets continue to price-in a...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts