Latest Currency News Continued - page 477

The British Pound to Aus Dollar (GBP/AUD) exchange rate tumbled as the week started, as the Aussie recouped losses from last week. The Australian Dollar exchange rate gained support from positive Chinese figures which showed imports increased in September by 7% from -2.4% on a yearly basis. In addition Chinese exports also increased in September to 15.3% on the year, smashing forecasts for an increase of only 12.0%....

This week’s exchange rate trading session brings the publication of key data sets from several of the world’s major economies, leading analysts to forecast considerable price action for the Pound euro (GBP/EUR), US Dollar (USD) and the Canadian Dollar (CAD). Before we take a look at our weekly predictions below, let's first see where the GBP stands in today's FX markets: The Pound to Canadian Dollar exchange rate...

The British Pound to Dollar exchange rate (GBP/USD) has been sliding even lower on the forex markets as political factors and fears for world growth damage Sterling. However, the International Monetary Fund (IMF) has stated that the British economy is on track to outpace every other country within the Group of Seven (G7) developed nations – a pocket of positivity after recent weakening data. The Pound to Dollar exchange...

The austere International Monetary Fund (IMF) downgraded its growth forecasts, but here's our take on the forecasts for the Hong Kong Dollar (HKD), Singapore Dollar (SGD) and the euro (EUR), as well as the usual export-driven suspects – the Australian Dollar (AUD), New Zealand Dollar (NZD) and Canadian Dollar (CAD). Last week’s report from the IMF carried some doom-laden predictions for the Japanese, eurozone and Brazilian...

The UK Pound to Australian Dollar exchange rate (GBP to AUD) climbed last Friday after the International Monetary Fund (IMF) warned that global stagnation is a possibility if economic growth doesn’t improve. The UK saw its trade deficit shrink on Friday, while UK Construction Output was recorded to slump in August. Australian Home Loans contracted by -0.9% in August after July’s 0.3% growth. The following currency...

Friday's exchange rate trading session in the global markets brought pronounced price action for the UK's Pound Sterling (GBP) and other world leading currencies such as the Australian Dollar and the New Zealand Dollar. The British Pound is now forecast to climb against the Australian Dollar (AUD), New Zealand Dollar (NZD) and Canadian Dollar (CAD). So how do the various key currencies fair as the markets open o Sunday...

The British Pound (GBP) retreated last week against a number of major peers including the Euro (EUR) and US Dollar (USD) after UK Business Secretary Vince Cable and the IMF both said that the currency is overvalued by 10%-15%. The comments added to the previous weeks made by Bank of England Deputy Governor Ben Broadbent. The latest EUR rates can be seen below: The Euro to Australian Dollar exchange rate today is...

The US Dollar (USD) exchange rate softened slightly against the British Pound (GBP) and the Euro (EUR) rates at the start of the week due to a drop in the value of a number of commodities. Platinum tumbled by 2.8% to its lowest level since July 2009, Palladium also fell sharply by 2.4%. With a lack of market moving domestic data, the USD continued to be under pressure from traders locking in profits. Where does the USD...

The Pound to Euro (GBP/EUR) conversion remained bearish as Sterling weakness continued and Draghi offered assurance. The Pound Euro exchange rate (GBP/EUR) was bearish ealry Friday in a continuation of Sterling’s recent softening. Although the UK Trade Balance figures showed a favourable narrowing in the deficit, but the Pound was unable to recoup losses against the Single Currency. The UK Total Trade Balance showed...

The Euro vs Dollar exchange rate trended lower on Thursday after US Jobless Claims data was favourably received. Furthermore, the Eurozone saw more bad news on Thursday after German data failed to meet economists’ expectations. The German Trade Balance showed the surplus dipped to 10.3B Euros in August, from 20.1B in July. Flailing Eurozone Recovery causes Euro Softening The Eurozone recovery has flat-lined of late...