Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 501

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 Update : GBP USD Rate Up Following Poor US Non-Farm Payrolls Figure, While GBP CHF Rate Plummets

6 Jun 2011 at 4 AM - Written by John Cameron

The Pound Dollar exchange rate (GBP USD) is 1.6440. The Pound Euro exchange rate (GBP EUR) is 1.1231. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5306. Friday’s highly disappointing US Non-Farm Payrolls figure for May stole the headlines in the currency markets at the end of last week. Analysts had expected the key labour market number to show that 54,000 new positions had been created in the non-farming related...

CATEGORIES: American Dollar Forecasts Daily Currency Updates

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

3 Jun 2011 at 3 PM - Written by John Cameron

POUND STERLING UK PMI Services sector data came out worse than had been anticipated this morning, compounding the downward pressure on the Pound which followed Wednesday’s highly disappointing PMI Manufacturing survey. The poor Service sector data is particularly damaging for Sterling as many analysts had predicted that this would be the sector that would lead the UK out of recession. NEAR-TERM OUTLOOK – NEGATIVE. US...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Update : US Non-Farm Payroll Figure Could Send GBP CHF and GBP USD Lower

3 Jun 2011 at 6 AM - Written by John Cameron

The Pound Dollar exchange rate (GBP USD) is 1.6346. The Pound Euro exchange rate (GBP EUR) is 1.1284. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5308. US Labour Market data releases over the past forty-eight hours have been of a contradictory nature, with Wednesday’s ADP Employment Change number showing that only 38,000 new jobs were created in the States last month versus analysts’ expectations of 175,000 new...

CATEGORIES: American Dollar Forecasts Canadian Dollar Forecasts

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

2 Jun 2011 at 3 PM - Written by John Cameron

POUND STERLING This morning’s PMI Construction Sector data came out ahead of expectations , however the Pound has once again struggled against the other majors on the day. The PMI Services figure has been market-moving in recent months, due to the UK economy’s perceived reliance on the key services sector, so tomorrow’s figure will be closely watched. NEAR-TERM OUTLOOK – NEUTRAL. US DOLLAR – The Pound Dollar...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Update : Soft Global Economic Data Releases Send EUR CHF and USD CHF Rates to New Record Lows

2 Jun 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1371. The Pound Dollar exchange rate (GBP USD) is 1.6332. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5381. A series of poor data releases and renewed concerns over the Eurozone sovereign debt crisis saw share markets plummet following Tuesday’s day of gains for equities. The Dow Jones suffered its largest daily loss for ten months on the day yesterday, whilst the...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

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