Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 477

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

Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, NZD, CHF

13 May 2011 at 4 PM - Written by John Cameron

POUND STERLING Doubts have surfaced over the strength of the UK’s economy following yesterday’s disappointing NIESR GDP forecast and today’s lowering of the European Commission’s UK Growth Forecast for 2011. Expectations for a UK interest rate rise have been lowered accordingly. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6206 This afternoon’s...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Rates : GBP EUR Down on Positive German and French GDP Figures

13 May 2011 at 7 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1408. The Pound Dollar exchange rate (GBP USD) is 1.6282. Yesterday saw the Pound suffer significant losses against the other majors for the first time this week. The tone was set for Sterling with the release of UK Industrial Production figures yesterday morning. The numbers showed that factory output has expanded by a monthly 0.3% in March versus analysts’ expectations of a...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

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

12 May 2011 at 3 PM - Written by John Cameron

POUND STERLING Sterling endured its first day of losses this week following a significantly weaker than anticipated monthly Industrial Production figure for March, which was released this morning. With no further UK data releases due out until next week, the Pound will be left to trade in technical ranges against the other majors. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound Dollar exchange rate...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Rates : Pound Rallies as BoE Predicts UK Inflation Will Break 5%

12 May 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1504. The Pound Dollar exchange rate (GBP USD) is 1.6367. Yesterday’s Bank of England Quarterly Inflation Report sent out mixed messages about the likely future path for UK interest rates. The report was more pessimistic about the prospects for UK economic growth than the previous report in February, as the Bank downgraded its 2011 growth forecast from 2.00% to 1.75%. Governor...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Forex Forecast : Rate Predictions For GBP, USD, EUR, AUD, CAD, CHF

11 May 2011 at 3 PM - Written by John Cameron

POUND STERLING This morning’s Bank of England Quarterly Inflation Report was massively supportive for the Pound, with the Bank predicting that the UK economy will return to annualised growth of 3% the year after next and that UK inflation would break above 5% in the near-term. Analysts have adjusted their predictions for UK interest rates accordingly. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE. US DOLLAR – The Pound...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Rates : Comments by Eurozone Policy-Makers Determine GBP EUR and EUR USD Rates

11 May 2011 at 7 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1355. The Pound Dollar exchange rate (GBP USD) is 1.6363. Yesterday saw another day of rumour and conjecture surrounding the sovereign debt situation in peripheral Eurozone states, with several European policy-makers making comments in an attempt to calm the market’s concerns. EU Economic Affairs Commissioner Olli Rehn stated that the EU delegation, which is currently in Athens,...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

Foreign Exchange Rate Outlook Forecast for Majors : GBP EUR USD AUD NZD CHF

10 May 2011 at 3 PM - Written by John Cameron

POUND STERLING Sterling traded within tight ranges against the other majors on the day, in the absence of any tier one data. Tomorrow’s Bank of England Quarterly Inflation Report will be closely watched and it is likely that BoE Governor Mervyn King will trot out his usual dovish message on the UK economy. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6352...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Rates : GBP EUR Rate Up Late as S&P Downgrades Greece's Debt

10 May 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1452. The Pound Dollar exchange rate (GBP USD) is 1.6385. The Eurozone’s sovereign debt woes continued yesterday as leading Ratings Agency Standard and Poor’s moved to downgrade Greece’s credit rating from B to BB-, moving the troubled Hellenic state’s gilts closer to junk bond status. S&P’s action followed close on the tail of last week’s rumours that Greece was...

CATEGORIES: Daily Currency Updates Euro Forecasts Pound Euro Forecasts

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

9 May 2011 at 4 PM - Written by John Cameron

POUND STERLING Today saw the release of further disappointing data in the UK, with the Halifax House Price survey showing an alarming monthly drop in British house prices. A disappointing figure for tomorrow’s RICS house Price figure would add to concerns that the UK property market is dipping. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6344 Today saw was...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Currency Report : Euro Slumps on Rumours That Greece is Set to Leave Single Currency

9 May 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate is 1.1387. The Pound Dollar exchange rate is 1.6395. The old market adage ‘buy on the rumour, sell on the fact’, was more pertinent than ever during last Friday’s session as the Euro suffered heavy losses against the other majors as market whispers circulated which suggested that Greece was set to leave the single currency. The rumour regarding Greece’s exit emanated form an article which...

CATEGORIES: Daily Currency Updates Euro Forecasts Pound Euro Forecasts