Latest Currency News Continued - page 468

The Australian Dollar slipped against the New Zealand Dollar (AUD/NZD) last Friday (14/10/2014) after a turbulent previous day's trading. The Reserve Bank of Australia (RBA) attempted to jawbone the Australian commodity currency lower when it stated that it was still prepared to intervene in the foreign exchange market. RBA Deputy Governor Christopher Kent stated: ‘We haven’t ruled it out. It’s still there as an option,...

Currency News UK presents today's foreign exchange rate predictions for the Pound Sterling (currency:GBP) and our future forecast for the US Dollar (currency:USD) and the Canadian Dollar (currency:CAD). The POUND STERLING (currency:GBP) hit the skids yesterday, sending the GBP EUR exchange rate briefly down into the 1.2500s – the pair had been changing hands in the 1.2800s in the first part of the week. Sterling was...

The so-called CBOE VIX index ‘Fear Gauge’, which measures the number of protective ‘put’ orders which US equities traders are applying to their transactions, has remained at rock-bottomed levels during today’s session. VIX spiked at above the 30.00 threshold during the middle part of last month as investors panicked at the thought that the deadly Ebola virus might be about to take hold in Western nations....

Neil Jones of Mizuho Bank summed up the Pound Sterling’s problems of yesterday when he described the bank of England’s latest Quarterly Inflation Report as being ‘more dovish than the market had expected’. The missive’s observation that the pace of UK price rises could dip below 1.0% during the next six months came as an unanticipated piece of bad news, as was the BoE’s downward alteration to its previous forecast...

Although the Pound (GBP) posted extensive declines against all of its most-traded currency counterparts on Wednesday, the British currency was able to trend around the day’s opening levels against the Japanese Yen (JPY) as the safe-haven asset came under pressure of its own. Wednesday proved to be a day of heavy volatility for the Pound, with the UK’s employment figures and the Bank of England’s inflation report causing...

The Euro strengthened against the US Dollar as it found support from positive French inflation data and softer than forecast US Jobless Claims data. Earlier in the session, the Euro advanced after data out of France and other Eurozone members showed improvement in their inflation rates. According to French Statistical Office INSEE, France’s harmonised index of consumer prices (HICP) rose by 0.5% on an annual basis...

The Pound to NZ Dollar (GBP/NZD) exchange rate sank on Wednesday as a result of a dovish Bank of England (BoE). Conversely, the NZD was offered some support by the Reserve Bank of New Zealand’s (RBNZ) Financial Stability Report. The report stated: ‘The New Zealand financial system remains sound and continues to operate effectively. The banking system is well capitalised, funding and liquidity buffers are above required...

Currency News UK presents our latest Pound Sterling (currency:GBP) forecasts against the euro (currency:EUR), US Dollar (currency:USD) and New Zealand Dollar (currency:NZD) below. The POUND STERLING (currency:GBP) took a hit during this morning’s session following some worrying forecasts regarding the UK economy by the Bank of England (BoE) Governor Mark Carney. The BoE Chief issued a warning to the markets that the rate...

The Pound (GBP) exchange rate tumbled to a more than one-year low against the Indian Rupee (INR) on Wednesday due to a combination of positive economic data out of India and a dovish report by the Bank of England. Sterling tumbled against all of its most traded peers after the Bank of England inflation report weakened sentiment towards the currency. The central bank warned that the UK’s inflation rate could slip below...

On 22nd September, our Fantasy Currency Trader made the future currency forecast that the Pound to Yen exchange rate (GBP/JPY) would climb from the level of 178.260 which it was then trading at. So how is the prediction playing out? GBP JPY Threatens 6-Year High In a significant move since we last visited the GBP JPY exchange rate, the Pound Sterling has surged to within one solitary Yen of its highest level since the Autumn...