Latest Currency News Continued - page 484

The UK Pound to Rupee exchange rate (GBP/INR) trended lower in the mid-week session as the market faces uncertainty in the face of global conflict. The Pound is likely to remain volatile whilst UK Prime Minister David Cameron faces tough decisions regarding the nation’s involvement in Syria. On the other hand, the Rupee may soon start to feel the effects of the revocation of 214 coal mining permits as India’s Supreme Court...

The general consensus exchange rates forecast amongst analysts remains that the euro (EUR) will incur further losses against the other major tenders including the Pound Sterling (GBP) and US Dollar (USD). Economists predict that tomorrow afternoon’s speech from Bank of England Governor Mark Carney may be a defining one for the Pound Sterling in the near term. Another day, another dismal data set from the eurozone; this...

Leading analysts set out their foreign exchange forecasts for the Pound Sterling (currency:GBP) vs euro (currency:EUR), US Dollar (currency:USD) and Canadian Dollar (currency:CAD) exchange rates below. The POUND STERLING (currency:GBP) gained ground against nearly all of the other sixteen most actively traded global currencies during yesterday’s session. The latest official figures showed that British government borrowing...

The British Pound to Rand exchange rate (GBP/ZAR) lowered ahead of Thursday’s key statements from Governor of the Bank of England Mark Carney. Conversely, the Rand (ZAR) has strengthened against the Euro (EUR), US Dollar (USD) and other majors with the support of favourable Chinese manufacturing data. The latest conversion rates are as follows: The Rand to Australian Dollar exchange rate is trading up +0.43% at...

The UK Pound to Swiss Franc exchange rate (GBP/CHF) slipped on Tuesday afternoon as concerns over the health of the Eurozone economy, the widening conflict against the Islamic State and a report showing that UK borrowing increased sharply weighed. Economic data out of the 18-member single currency region showed a further decline in manufacturing and service sector production, raising concerns that the UK economy will...

A bad day for UK share prices has seen analysts upwardly amend their future currency forecasts for the Pound to Australian Dollar exchanege rate (GBP AUD) and Pound Sterling to New Zealand Dollar (GBP NZD) conversion rates. However, economists predict that the forward move for these pairs could be short-lived. Bad news for big British businesses sent London’s FTSE 100 share index sliding during today’s session. The fallout...

GBP/EUR Rate Today: A weekend call to arms from the US Treasury Secretary Jack Lew has served to spook the markets rather than calm them during the first 24hrs of this week’s trading session. The top man at the American treasury department made comments over the weekend calling for action from the euroland’s member states to boost aggregate demand in order to steer the region away from a potentially damaging bout of...

NEW Feature: Our leading currency exchange analyst investigates the future prospects for one of the major global currency pairs, making his future currency forecast for their future performance targets. Track his predictions in the Fantasy Currency Trader column, below... The JAPANESE YEN (currency:JPY) has suffered pronounced selling pressure since Shinzo Abe took over the premiership of the Eastern powerhouse two years ago....

The Pound to Australian Dollar exchange rate (GBP/AUD) upward trends seen on Monday were a result of Sterling stabilising post Scottish referendum. The Australian Dollar dropped to lows against the Pound (GBP), Euro (EUR) and US Dollar (USD) last week as its largest trading partner, China, lost economic momentum. Moreover, Australia’s commodity prices have tumbled of late, with the price of iron ore (Australia’s...

The British Pound to Canadian Dollar exchange rate (GBP/CAD) trended higher as the new week commenced, following investor sentiment in Sterling being restored. The run-up to the Scottish referendum hit the Pound hard, with ongoing speculation that Scotland may leave denting Sterling’s exchange rate. However, the Pound has been able to enjoy some stability now the vote has shown that Scotland will be remaining within the...