Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 487

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

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

5 May 2011 at 5 PM - Written by John Cameron

POUND STERLING The Bank of England voted to maintain interest rates at their current record low level of 0.50% and decided not to increase the £200bn already allocated to its current asset purchase scheme. This morning’s disappointing UK PMI Services figure failed to stop the Pound gaining significant ground against the Euro and the Dollar. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound Dollar...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Rate Currency Outlook : AUD, NZD and ZAR Under Pressure as Eurozone and Australian Retail Sales Figures Cause Alarm

5 May 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1116. The Pound Dollar exchange rate (GBP USD) is 1.6519. Yesterday’s session saw the release of a number of key pieces of economic data in the world’s major economies. For the most part this data disappointed the markets, causing the recent retraction in appetite for risk to continue. Yesterday afternoon’s US ISM Non-Manufacturing Composite figure for April was particularly...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

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

4 May 2011 at 6 PM - Written by John Cameron

POUND STERLING Today saw another day of Sterling-negative data releases, with the Nationwide House Price survey and PMI Construction sector figures coming in significantly worse than expected. Tomorrow’s Bank of England Monetary policy decision is unlikely to provide any support for the Pound, with rates remaining at 0.50% and no accompanying statement. NEAR-TERM OUTLOOK – NEGATIVE. US DOLLAR – The Pound Dollar...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Currency Outlook : GBP EUR Hits 13 Month Low as UK Manufacturing Activity Decreases

4 May 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1123. The Pound Dollar exchange rate (GBP USD) is 1.6476. The Pound experienced a day of severe losses against the other majors during yesterday’s session, following the release of April’s Purchasing Manager Index data for the UK manufacturing sector. The PMI figure, a measure of manufacturing activity, showed a drop of 2.1 points from the March figure of 56.7. This...

CATEGORIES: Daily Currency Updates Euro Forecasts Pound Euro Forecasts

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

3 May 2011 at 5 PM - Written by John Cameron

POUND STERLING The Pound suffered a torrid day on the markets, losing significant ground against all of the sixteen most actively traded currencies. The losses were attributable to worse-than-anticipated PMI Manufacturing figures which were released earlier today. It seems highly unlikely that there will be a UK interest rate rise until the autumn at least. NEAR-TERM OUTLOOK – NEGATIVE. US DOLLAR – The Pound Dollar...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Rates : GBP USD Loses Ground on Risk Sentiment and King's Comments

3 May 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1212. The Pound Dollar exchange rate (GBP USD) is 1.6638. The major news event over the last 48 hours has been the killing of Osama Bin Laden by US Special Forces. Although stock markets initially made gains yesterday after the announcement of the terrorist leader’s death, this forward move was relatively short lived, with the benchmark S&P 500 index closing down on yesterday’s...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

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

28 Apr 2011 at 4 PM - Written by John Cameron

POUND STERLING There was no tier one data of significance released in the UK today, so Sterling pairs were left open to moves in other currencies, with USD weakness seeing GBP USD rally to its highest level since December 2009. UK interest rate expectations remain depressed and yesterday’s growth figure will do little to perk them up. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound Dollar exchange...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Currency Outlook : GBP USD Rate Soars as US GDP Forecast is Downgraded and UK Economy Returns to Growth

28 Apr 2011 at 6 AM - Written by John Cameron

The Pound Dollar exchange rate (GBP USD) is 1.6724. The Pound Euro exchange rate (GBP EUR) is 1.1252. The US Dollar suffered severe selling pressure in late trading yesterday as the markets reacted to the contents of Fed Chairman Ben Bernanke’s landmark press conference. As expected, the FOMC opted to maintain interest rates at their current 0-0.25% range, but the questions and answers session which followed, (the first...

CATEGORIES: American Dollar Forecasts Daily Currency Updates

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

27 Apr 2011 at 5 PM - Written by John Cameron

POUND STERLING The Pound released a timely boost when this morning’s Q1 GDP figure showed that the UK economy has expanded by 0.5% in the first three months of 2010. The futures market is now pricing in 50 bps of UK rate rises over the next 12 months, which remains less than almost any other developed nation. NEAR-TERM OUTLOOK – NEUTRAL. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6521 The Dollar...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Rates : UK Growth Figure and Bernanke?s Comments Set to Determine GBP USD and GBP EUR Levels

27 Apr 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1236. The Pound Dollar exchange rate (GBP USD) is 1.6510. Today’s session sees a packed schedule of risk events in the currency markets. Perhaps the most significant event comes after the European close this afternoon when the Federal Reserve’s FOMC makes its monetary policy announcement. It would be a major surprise if the Fed altered interest rates from their current...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts