Latest Currency News Continued - page 497

The UK Pound to Yen exchange rate (GBP/JPY) managed to tick higher on Tuesday after domestic Japanese data and concerns over Ukraine eased. According to Japan’s Ministry of Economy, Trade and Industry, industrial production in the world’s third largest economy fell to a seasonally adjusted figure of -3.4% in June from the figure recorded in July. The decline was more than forecasted by economists who had been expecting a...

Currency News UK: The euro gave up ground against the Pound Sterling and the US Dollar during Tuesday’s session, sending the GBP EUR exchange rate Northwards to 1.2581 during the early part of today’s US equities session. Meanwhile, the euro to dollar exchange rate slid to 1.3334 – marginally above its key level of support at 1.3333 which it struck during the first week of this month. A break below this key threshold...

The POUND STERLING (currency:GBP) was bolstered yesterday by a report from leading accountancy firm BDO which found that the hiring intentions of British companies currently stand at their highest level since 1998. The figure, which hints at a continuation of the strong levels of growth which the UK economy has posted during recent quarters, mean that the forecast for the Pound is now NEUTRAL TO POSITIVE. However, a...

Today’s session has seen the closely-monitored VIX ‘Fear Index’ drop by close to 9%, suggesting that calm is breaking out amongst market participants in spite of the ongoing presence of significant geo-political risk events in various corners of the globe. The spread betting firms had the VIX trading at above the 16.00 threshold during the early part of today, but within the first two hours of the New York equities...

The British Pound to Canadian Dollar exchange rate (GBP/CAD) was slightly softer on Monday but was likely to see mixed movement for the rest of the session as oil prices continued to fluctuate and as investors remained wary over events in Iraq and Ukraine. Crude oil, which is Canada’s biggest exported commodity, was seeing swings from losses to small gains as traders awaited new developments from the conflict zones in...

Currency News UK - The best Pound to Euro exchange rates of 2014 could be beaten, with analysts predicting 1.2894 for the GBP/EUR pair - The euro (currency:EUR) enjoyed a significantly better week against the Pound Sterling last week, sending the euro to Pound down to an intraday low of 0.7996 EUR/GBP on Friday. However, analysts are forecasting that this week’s session may not be such a positive one for the single...

The British Pound to Australian Dollar exchange rate firmed on Monday as worries over the deteriorating situation in Iraq and as Ukrainian forces prepared to launch a final assault against the Pro-Russian rebel stronghold of Donestk. With nothing in the way of market moving data for both currencies, any movement will be a result of events in the world’s trouble spots. The GBP AUD exchange rate stands at 1.81138. Further...

Curreny News UK - The US Dollar (USD) exchange rate complex remained supported against several major peers at the start of the week after jobs data released last week was deemed supportive by the markets despite missing expectations. The ‘Greenback’ made further gains in the afternoon on the latest factory orders and ISM Non-Manufacturing data, which added to, signs that the world’s largest economy is continuing to...

The Pound to Rand exchange rate (GBP/ZAR) suffered losses at the end of last week. Sterling went into decline as uncertainty over Scottish Independence and weaker than forecast trade data caused investors to sell the currency. The GBP/ZAR exchange rate today stands at 17.86339, 0.15 per cent higher on the day (revised 12/08/2014 08:00 GMT) Members of the UK Parliament warned that Scotland might be left in currency limbo if it...

Currency News UK - British Trade Gap Sends Exchange Rates for Pound to Euro and Dollar Lower, but Rebound Today - Another poor session for the Pound Sterling (currency:GBP) was triggered by a highly disappointing set of UK import / export figures, published on Friday. The numbers revealed that Britain’s trade gap had widened to a monthly £2.459bn during in June – well ahead of analysts’ expectations of a showing of...