Latest Currency News Continued - page 470

At the start of last week, the Pound Sterling was lower against the US Dollar as the USD continued to strengthen on the back of the previous weeks positive economic data releases and the Federal Reserve’s decision to end its monthly quantitative easing programme. It advanced on the back of positive PMI data. The US Dollar exchange rate strengthened against its major peers on Monday as speculation continued to build that the...

The Australian Dollar exchange rate (AUD) trended higher against the New Zealand Dollar (NZD) on Friday following the Reserve Bank of Australia (RBA) statement. The AUD was offered support after the central bank stated that it wouldn’t be altering monetary policy in the near future, an assurance which gave some stability to the Australian commodity currency. RBA Warns of Economic Slowdown and High Australian Dollar...

Yesterday saw the Pound Sterling climbing versus the New Zealand Dollar (GBP/NZD) despite upbeat data for New Zealand. New Zealand’s Unemployment Rate sank in the third quarter to 5.4% from 5.6%, bettering economists’ 5.5% forecasts. Furthermore, New Zealand Employment Change saw 0.8% growth which also excelled above the 0.6% expectation. Wednesday’s jobless figure was a five-and-a-half year low, showing the New Zealand...

Read our latest forecasts for the Pound Sterling (currency:GBP) to euro (currency:EUR) exchange rate and our forex redictions for the US Dollar (currency:USD) and Australian Dollar (currency:AUD). With updated conversions The POUND STERLING (currency:GBP) put in a mixed performance on the day yesterday, recording strong gains against the Commodity Dollars and the euros, while faring less well against the US Dollar and the...

The euro (currency:EUR) came under renewed selling pressure on Thursday afternoon following comments from ECB President Mario Draghi which revealed a deepened commitment to loosening monetary policy in the eurozone. Pound and Euro Rate Today: The Pound to Euro exchange rate converts -0.02 per cent lower at 1 GBP is 1.27914 EUR. The US Dollar to Euro exchange rate is +0.76 pct higher with a conversion rate of 1 USD equals...

The Indian Rupee exchange rate (INR) weakened against the Pound (GBP) as disappointing Chinese data combined with softer than forecast Indian PMI data. Sterling was able to advance despite poor data from the UK. As the Rupee is an emerging market currency, it was particularly vulnerable to the weak data out of China. According to the HSBC/Markit compiled Chinese services purchasing managers index (PMI), activity declined...

Wednesday's session opened lower for the Pound to Australian Dollar exchange rate, having soared to its highest level for 5 weeks, touching 1.8614 a short time ago. The GBP/AUD now stands within a cent of its highest level since March and a break above 1.9187 would signal a fresh 5-year high for the Pound against the Aussie, but what has triggered this sharp move Northwards? Latest Aus Dollar Rates Today: The Pound to...

Currency News UK forex analysts are forecasting further losses for the euro to pound exchange rate pair, but what conversion rates do they predict for the EUR/GBP conversion? If you put ten economists in a room, you will get eleven different opinions, (or so the saying goes). If you put ten currency traders in a room, you would probably get twelve differing points of view. Euro Rates Today: The Euro to Pound exchange rate...

The British Pound to South African Rand (GBP/ZAR) exchange rate was little moved on Tuesday as investors sat back into a waiting pattern ahead of key Euro and US Data releases due later in the week. The GBP/ZAR exchange rate saw little movement even as the European Commission announced that it had revised it growth forecasts for the struggling Eurozone. Despite the announcement, the currency pair experienced little...

The Pound Sterling (GBP) has put in a poor performance against the other sixteen most actively traded global currencies during Tuesday’s session. Support for the UK currency has been so flaky that both the euro (currency:EUR) and the Aus Dollar (AUD) have managed to record gains versus Sterling in spite of worrying data releases. We take a look at the GBP to EUR and AUD outlook and provide insight into their forecasted...