Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 498

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, CHF, TRY

1 Jun 2011 at 2 PM - Written by John Cameron

POUND STERLING The Pound has suffered significant downside on the day following a poor PMI Manufacturing survey for May. To add insult to injury, April’s PMI Manufacturing was downwardly revised. This number gives little scope for the Bank of England’s MPC to raise interest rates at next week’s meeting. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6396...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Currency Report : GBP AUD Rate Drops Despite Worst Quarterly Fall in Australian GDP For Over 20 Years

1 Jun 2011 at 6 AM - Written by John Cameron

The Pound Australian Dollar exchange rate (GBP AUD) is 1.5301. The Pound Euro exchange rate (GBP EUR) is 1.1415. The Pound Dollar exchange rate (GBP USD) is 1.6428. Yesterday's session saw appetite for risk flood back into global markets, as evidenced by pronounced gains for Asian, European and North American equities markets on the day. This caused significant upside for the high-yielders and commodity-driven currencies....

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts

Foreign Exchange Update : Share Markets Power Forward Causing GBP NZD and GBP ZAR Rates to Plummet

1 Jun 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1410. The Pound Dollar exchange rate (GBP USD) is 1.6460. The Pound South African Rand exchange rate (GBP ZAR) is 11.2095. The major theme in the currency markets yesterday was the return of investors’ appetite for riskier assets. The tone for the day was set with the release of positive Japanese data during yesterday’s Asian session, which showed that Japanese factory output...

CATEGORIES: Canadian Dollar Forecasts Daily Currency Updates Euro Forecasts

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

31 May 2011 at 3 PM - Written by John Cameron

POUND STERLING No data of note was released in the UK today, so the Pound suffered limited downside against most of the majors as the market continued to pare its expectations of a near-term cut in UK interest rates. Tomorrow’s residential mortgage numbers and PMI Manufacturing survey for May will further determine investors’ expectations of an interest hike in June. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Update : GBP EUR Rate Set to Rise as Eurozone Sovereign Debt Woes Continue

31 May 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1503. The Pound Dollar exchange rate (GBP USD) is 1.6541. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5442. The British Chambers of Commerce issued a gloomy prognosis for the UK economy in a report which was released over the weekend. The BCC downgraded its 2011 growth forecast for the UK economy from an initial estimate of 1.4% to 1.3%, significantly lower than the...

CATEGORIES: Daily Currency Updates Euro Forecasts Pound Euro Forecasts

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

27 May 2011 at 4 PM - Written by John Cameron

POUND STERLING UK data releases over the last 24 hours have been of a generally positive tone, with last night’s GfK Consumer Confidence survey showed the largest monthly increase for over eighteen years and this morning’s Nationwide House Price survey also bettered expectations. However, Sterling has failed to break higher against most of the majors as speculators take profit following recent gains. NEAR-TERM OUTLOOK –...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Insight : Comments by ECB Policy-Makers Send GBP EUR Rate Higher

27 May 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1544. The Pound Dollar exchange rate (GBP USD) is 1.6444. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5382. The Euro experienced significant volatility late on yesterday, as several European policy-makers commented on the ongoing Eurozone sovereign debt crisis. ECB Board Member Lorezo Bini Smaghi warned that Eurozone states which failed to keep to the terms of their...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

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

26 May 2011 at 3 PM - Written by John Cameron

POUND STERLING With no tier one data released in the UK today, the Pound gained ground on the other majors due to Euro and US Dollar weakness in the market. Tonight’s GfK Consumer Confidence survey for May tomorrow is the last significant UK data release before the long weekends; this will lend it added significance. NEAR-TERM OUTLOOK – NEUTRAL . US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6346 The...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Report : GBP EUR Exchange Rate Hits Two Month High as UK Import/Export Figures Push the Pound Higher

26 May 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1515. The Pound Dollar exchange rate (GBP USD) is 1.6305. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5391. Yesterday morning’s data releases in the UK proved generally supportive for the Pound, as Sterling enjoyed a positive day on the currency markets. The major UK data release of the day saw UK GDP Growth for the first three months of 2011 confirmed at a quarterly...

CATEGORIES: Daily Currency Updates Euro Forecasts Pound Euro Forecasts

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

25 May 2011 at 5 PM - Written by John Cameron

POUND STERLING This morning’s revised UK GDP figures for Q1 came in ‘on expectations’, but UK Q1 Export figures released at the same time exceeded analysts’ expectations. A lower level of UK domestic imports in the first quarter suggests that the BoE’s tacit policy of weakening the Pound appears to be working. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts