Currency News

Daily Exchange Rate Forecasts & Currency News

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

GBP to NOK Exchange Rate Holds Near Best Levels since Brexit Vote as Oil Price War Throttles Krone

10 Mar 2020 at 3 PM - Written by James Fuller

Despite the Pound’s strength cooling today after yesterday’s jump in demand, the British Pound to Norwegian Krone (GBP/NOK) exchange rate has held most of Monday’s impressive gains and continues to trend relatively close to highs. The Pound is a little steadier ahead of tomorrow’s anticipated UK budget presentation, while the Norwegian Krone remains highly unappealing amid coronavirus jitters and the developing oil price...

CATEGORIES: Pound Norwegian Krone Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Rallies as Oil Demand to Plummet to Decade Low

9 Mar 2020 at 1 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Rises as Oil Prices Slump by 30% The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate rallied today, jumping by around 2%. This left the pairing trading at around CA$1.7866. Today's largest moves were linked to moves in oil prices, which sent the oil-sensitive ‘Loonie’ lower against a handful of currencies. Oil prices plummeted by around 30% after Saudi...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CHF Exchange Rate Slumps to 4 Month Worst as Coronavirus Prompts Safe Haven Surge

6 Mar 2020 at 3 PM - Written by Ben Hughes

Despite the market’s rising expectations for interest rate cuts from the Swiss National Bank (SNB), Bank of England (BoE) interest rate cut bets are even more significant this week and the British Pound to Swiss Franc (GBP/CHF) exchange rate has seen notable losses. Brexit uncertainties and coronavirus developments are offsetting Britain’s decent economic outlook and keeping BoE interest rate cut bets high. Having already...

CATEGORIES: Pound Swiss Franc Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Rises as UK-EU Trade Deal Still Possible

6 Mar 2020 at 11 AM - Written by John Cameron

Pound Sterling US Dollar (GBP/USD) Exchange Rate Edges Higher on Upbeat Barnier The Pound Sterling US Dollar (GBP/USD) exchange rate rallied on Friday, leaving the pairing trading at around $1.2995. The Pound was able to make gains against a weaker US Dollar following comments from the European Union’s Brexit chief negotiator, Michel Barnier. Barnier stated that a trade deal between the European Union and Britain was...

CATEGORIES: Pound Dollar Forecasts

Pound Euro (GBP/EUR) Exchange Rate Steady, ECB Rate Cut Speculation Rises

5 Mar 2020 at 2 PM - Written by John Cameron

GBP/EUR Exchange Rate Rangebound, German Recession Fears Increase The Pound Euro (GBP/EUR) exchange rate held steady today, with the pairing currently trading around €1.155 in spite of growing expectations that the European Central Bank (ECB) could loosen its monetary policy at next Thursday’s central bank meeting. This follows yesterday’s release of Germany’s Markit PMI Composite report which showed that, while the...

CATEGORIES: Euro Forecasts Euro Pound Forecasts Pound Euro Forecasts

Lower Chance of Surprise BoE Cut Sends Pound Australian Dollar (GBP/AUD) Exchange Rate Higher

5 Mar 2020 at 1 PM - Written by John Cameron

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Rises on Lower Chances of BoE Cut The Pound Sterling Australian Dollar (GBP/AUD) exchange rate rose, leaving the pairing trading at around AU$1.9501. Sterling was able to make some gains against the Australian Dollar after expectations of an emergency UK rate cut decreased. After Tuesday’s surprise rate cut from the US Federal Reserve, markets largely expect many...

CATEGORIES: Pound Australian Dollar Forecasts

Pound Australian Dollar Exchange Rate Sinks as Australian Growth Report Beats Forecasts

4 Mar 2020 at 3 PM - Written by John Cameron

GBP/AUD Exchange Rate Falls, ‘Aussie’ Benefits from Improving Risk Sentiment The Pound Australian Dollar (GBP/AUD) exchange rate fell by -0.4% today, with the pairing currently fluctuating around AU$1.939 after Australia’s growth report for the fourth-quarter beat forecasts and rose by 0.5%, while the year-on-year figure edged higher from 1.7% to 2.2%. Sarah Hunter, an analyst at BIS Oxford Economics, was downbeat in her...

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Slumps Ahead of BoC Decision

4 Mar 2020 at 1 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Falls as Markets Price in BoE Cut The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate slumped by around -0.3%, ahead of today’s Bank of Canada (BoC) meeting, leaving the pairing trading at around CA$1.7099. The Pound weakened on Wednesday after the US Federal Reserve’s surprise rate cut fuelled expectations the country’s own central bank would begin easing...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Falls as BoE Rate Cut Odds Rise

3 Mar 2020 at 5 PM - Written by John Cameron

GBP/AUD Exchange Rate Sinks as UK Economic Outlook Darkens The Pound Australian Dollar (GBP/AUD) exchange rate fell by -0.8%, with the pairing currently fluctuating around AU$1.931 after odds of a rate cut from the Bank of England (BoE) have risen following on from the US Federal Reserve’s emergency rate decision this afternoon. Neil Birrell, Chief Investment Officer at Premier Miton, said that the Fed’s rate decision...

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts

GBP to CHF Exchange Rate Near 4-Month-Worst as Safe Havens March Higher

3 Mar 2020 at 3 PM - Written by David Woodsmith

Attempts from officials to offer reassurance over the coronavirus crisis have failed to impress financial markets today, and persisting safe haven demand kept the British Pound to Swiss Franc (GBP/CHF) exchange rate near its recent lows. The Pound outlook has been throttled by revived hard Brexit fears, as well as fresh concerns that Covid-19 could impact Britain’s economic activity. Meanwhile, strong Swiss data is keeping the...

CATEGORIES: Pound Swiss Franc Forecasts