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Latest Currency News Continued - page 5

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

Rising Oil Prices and Improved Risk Sentiment Leaves the Pound Canadian Dollar (GBP/CAD) Exchange Rate Flat

5 May 2020 at 1 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Muted as Oil Prices Jump The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate remained largely flat, leaving the pairing trading at around CA$1.7509. The oil-sensitive ‘Loonie’ remained flat against the Pound as oil prices jumped once again on Tuesday on the hopes for a recovery in demand. Oil markets bet there is going to be a recovery in vehicle traffic...

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Pound South African Rand (GBP/ZAR) Exchange Rate Plummets Over 1% as US-China Tensions Resurface

4 May 2020 at 4 PM - Written by John Cameron

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Plummets as The US Blames China for Coronavirus Pandemic The Pound Sterling South African Rand (GBP/ZAR) exchange rate slumped by over -1%, leaving the pairing trading at around R23.2122. The Pound plummeted against the South African Rand today, as risk appetite amongst investors slumped after the US government made new attempts to blame China for the coronavirus...

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Pound Japanese Yen (GBP/JPY) Exchange Rate Falls as UK Manufacturing PMI Hits Historic Low in April

1 May 2020 at 1 PM - Written by John Cameron

GBP/JPY Exchange Rate Falls as UK Manufacturing Suffers From Covid-19 Crisis The Pound to Japanese Yen (GBP/JPY) exchange rate fell by -0.8% today, with the pairing currently trading around ¥133.874. Sterling struggled today after it was revealed that UK consumer credit growth and mortgage approvals had fallen to their lowest since 2013. Mortgage approvals for house purchases fell to just 56,200, while net flows of...

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Trump’s Retaliatory Measures Against China Buoyed the Pound New Zealand Dollar (GBP/NZD) Exchange Rate

1 May 2020 at 11 AM - Written by John Cameron

Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Rises as UK Past the Peak The Pound Sterling New Zealand Dollar (GBP/NZD) exchange rate edged -0.5% higher this morning, leaving the pairing trading at around NZ$2.0654. Sterling rose against the New Zealand Dollar this morning as on Thursday, Prime Minister Boris Johnson said the UK was now past its peak of the coronavirus pandemic. Johnson noted that the...

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Pound South African Rand (GBP/ZAR) Exchange Rate Rises as No 10 Reluctant to ‘Gamble Away’ Covid-19 Success

30 Apr 2020 at 4 PM - Written by John Cameron

GBP/ZAR Exchange Rate Edges Higher on UK Lockdown Easing Plans The Pound to South African Rand (GBP/ZAR) exchange rate rose by 1% today after the British Government said it would not ‘gamble away’ success by prematurely easing its lockdown measures. The pairing is currently trading around R22.856. A spokesman for Downing Street commented: ‘We don’t want to relax the social distancing measures or do anything which...

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Pound to Swedish Krona (GBP/SEK) Exchange Rate Steady as NIER Predicts 7% Drop in Swedish Economy

29 Apr 2020 at 4 PM - Written by John Cameron

GBP/SEK Exchange Rate Rangebound as Sweden’s Economy ‘Worse Than Expected’ The Pound to Swedish Krona (GBP/SEK) exchange rate held steady today after the Swedish think tank, National Institute for Economic Research (NIER), predicted a -7% decrease in the nation’s economy in 2020. The pairing is currently trading around 12.298kr. The NIER said in its statement: ‘The global economy is developing worse than expected...

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Hopes for Increased Oil Demand Sends the Pound Canadian Dollar (GBP/CAD) Exchange Rate Lower

29 Apr 2020 at 1 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Falls as Oil Prices Edge Higher The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate slumped by -0.6% today, leaving the pairing trading at around CA$1.7285. The oil-sensitive ‘Loonie’ made gains against the Pound today after oil prices gained on Wednesday after US oil stockpiles increased less than expected. Prices also rose on hopes demand from some...

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Pound South African Rand (GBP/ZAR) Exchange Rate Falls Ahead of Wednesday’s Fed Meeting

28 Apr 2020 at 4 PM - Written by John Cameron

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Slumps Ahead of Fed Meeting The Pound Sterling South African Rand (GBP/ZAR) exchange rate slumped by around -0.5% this afternoon, leaving the pairing trading at around R23.2351. The South African Rand was able to edge higher against the Pound despite weakening earlier as traders worried how the country will provide the economy with a 500 billion Rand rescue package....

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Pound to Australian Dollar (GBP/AUD) Exchange Rate Falls as Risk Sentiment Improves

27 Apr 2020 at 5 PM - Written by John Cameron

GBP/AUD Exchange Rate Sinks as ‘Aussie’ Buoyed By Improving Market Mood The Pound to Australian Dollar (GBP/AUD) exchange rate falls by -0.6% today as Australia begins easing lockdown conditions and the risk-sensitive ‘Aussie’ benefits from improving risk sentiment. The pairing is currently trading around AU$1.922. Nikesh Sawjani, an economist at Lloyds Bank, commented: ‘A broad improvement in risk tone has swept...

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Pound Canadian Dollar (GBP/CAD) Exchange Rate Edges Higher as Oil Prices Tumble

27 Apr 2020 at 1 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Rises as Oil Prices Slump The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate edged higher this morning, leaving the pairing trading at around CA$1.7482. The Canadian Dollar suffered some losses today after oil prices fell once again after concerns over small storage capacity and weaker global economic growth dominated markets. Oil futures also marked their...

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