Latest Currency News Continued - page 472

Currency News brings you today's exchange rates outlook for the British Pound (GBP), Euro, Aus Dollar, NZ Dollar, Canadian Dollar and the Japanese Yen. Movement in the global markets on the day has been informed by Thursday night’s surprise announcement from the Bank of Japan (BoJ) that it would be ramping up its large scale asset purchase project. How does GBP compare to the key global currencies? The Pound to...

Currency News UK presents our latest AUD, NZD and CAD exchange rate forecasts: Jawboning the local tender lower has for some time been considered a central plank of monetary policy for the world’s leading reserve banks. Bank of Canada Governor Stephen Poloz is certainly of that opinion, if his comments of yesterday are anything to go by. The Head Honcho at the Bank of Canada described the recent weakening of the Canadian...

The British Pound to Yen exchange rate (GBP/JPY) strengthened on Thursday as Bank of Japan Governor Haruhiko Kuroda asserted that the decline in the local currency will have a positive impact on Japan’s economic performance. Although Kuroda was explicitly referencing the Yen’s depreciation against the US Dollar, the safe-haven asset has also eased lower against peers like the Pound and Euro. However, while Kuroda was...

Friday's forex trading session has brought the publication of two key data sets from the eurozone; however the brace of releases has, up to this point, failed to have the forecast effect on the Pound to euro exchange rate - GBP/EUR. This morning’s German labour market numbers provided the single currency with a positive start to the day. Although the overall unemployment figure for October came in as per expectations,...

The Euro to Dollar exchange rate (EUR/USD) weakened after data out of German heightened fears that the Eurozone is sliding closer towards deflation and a report showed that the US economy expanded at a stronger than forecast rate in the third quarter of the year. The US Dollar to euro exchange rate (USD/EUR) strengthened after data released by the Washington based Commerce Department showed that the world’s largest economy...

Read our leading analyst’s latest foreign currency exchange rate forecasts for the Pound Sterling (currency:GBP) versus the euro (currency:EUR), US Dollar (currency:USD) and the Singapore Dollar (currency:SGD). The POUND STERLING (currency:GBP) struggled to record gains against any of the other sixteen most actively traded global currencies on the day yesterday. The UK tender eased following the previous day’s comments...

The Pound Sterling slid vs the New Zealand Dollar exchange rate (GBP/NZD) on Wednesday after New Zealand Business Confidence rose for the first time in eight months. UK data also fell flat, adding additional downward pressure to the Sterling exchange rate. The ‘Kiwi’ could soften if the Reserve Bank of New Zealand (RBNZ) decides to prolong the pause in the interest rate hiking cycle, which has seen four consecutive...

Yesterday evening brought the latest Federal Reserve policy announcement and the exchange rate markets' anticipation of what lies ahead has radically altered the relative value of the US Dollar (currency:USD). The USD has lost ground against a trade-weighted basket of currencies for the fourth trading day on the trot, making this its worst period of performance since mid-Summer. The following rates have been updated after...

The Indian Rupee (INR) exchange rate gave up earlier gains against the Pound and other peers as investors grew increasingly cautious ahead of an eagerly anticipated Federal Reserve Statement. The outcome of the US Central Banks two day long policy meeting for October is being closely watched by the worlds economists as they try to gauge how dovish policy makers would be. ‘FOMC will be dovish, which is already priced into...

The Pound Sterling (currency:GBP) lost ground vs the Australian Dollar (AUD), and New Zealand Dollar (NZD) exchange rates after it endured another body blow late earlier in the week The Deputy Governor of the Bank of England cast doubt on the conventional wisdom amongst investors that UK interest rates will be heading higher sooner rather than later. Jon Cunliffe, speaking at a conference in Cambridge, stated that he wanted...