Currency News

Daily Exchange Rate Forecasts & Currency News

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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, JPY

4 Aug 2011 at 2 PM - Written by John Cameron

POUND STERLING As expected, the Bank of England announced earlier today that it would be maintaining UK interest rates at 0.50% and that it would not extend the £200bn of assets currently committed to it quantitative easing scheme. The market’s response to the news was subdued, to say the least. NEAR-TERM OUTLOOK – NEUTRAL. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6352 The Dollar has been the...

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Foreign Exchange Insight : Gold Hits Record High, Equities Lose Ground and GBP AUD Rate Spirals as Investors Fear the Worst For Global Recovery

4 Aug 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1460. The Pound Dollar exchange rate (GBP USD) is 1.6357. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5348. Yesterday saw the release of the latest in a string of disappointing data, with the US Institute of Supply Management issuing figures which showed that America’s service industries collectively grew at their slowest pace for 17 months last month. These...

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

3 Aug 2011 at 1 PM - Written by John Cameron

POUND STERLING The majority of the UK’s economic activity takes place in the services sector, so this morning’s PMI services survey for July, which showed that this key sector is expanding at its fastest rate since March, was very good news for the Pound. Tomorrow’s Bank of England monetary policy announcement is likely to be less Sterling-positive. NEAR-TERM OUTLOOK – NEUTRAL. US DOLLAR – The Pound Dollar...

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Foreign Exchange Report : Poor US Personal Spending Data Sends Share Markets Lower and Causes AUD, NZD and ZAR Weakness

3 Aug 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1453. The Pound Dollar exchange rate (GBP USD) is 1.6268. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5142. Yesterday’s session in the currency markets was marked by the release of further data which suggested that the US economy is showing signs of weakening. The US Personal Spending figures for June showed that US consumers had cut back on the expenditure for the...

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

2 Aug 2011 at 1 PM - Written by John Cameron

POUND STERLING A better set of PMI data, this time in the construction sector, have helped prop up the Pound today. Yesterday’s PMI manufacturing numbers seriously disappointed and if tomorrow’s PMI figures for the UK’s key services sector also come in below expectations, then Sterling will come under selling pressure. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound Dollar exchange rate (GBP/USD)...

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Foreign Exchange Insight : GBP USD Rate Plummets as Congress Votes to Avert US Default, While AUD Suffers Following Weak Australian Building Approvals Data

2 Aug 2011 at 7 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1456. The Pound Dollar exchange rate (GBP USD) is 1.6305. The Pound Australian Dollar exchange rate (GBP AUD) is 1.4951. As expected, the US House of Representatives yesterday voted by 269 votes to 161 in favour of a Bill to raise the US debt ceiling, whilst introducing measures to cut government spending over the next decade. The Bill will be rubber-stamped by the US Senate later...

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

1 Aug 2011 at 1 PM - Written by John Cameron

POUND STERLING This morning’s UK Purchasing Managers Index Manufacturing survey showed that the number of respondents who are negative about the prospects for the UK manufacturing sector outweighed those who are positive, causing selling pressure on Sterling. If tomorrow’s PMI construction figure also disappoints, the Pound may trend lower against the other majors. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR...

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Foreign Exchange Report : GBP USD Rate Holds Steady Despite Obama?s Announcement of Compromise US Debt Deal to Avoid US Default

1 Aug 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1423. The Pound Dollar exchange rate (GBP USD) is 1.6446. The Pound Australian Dollar exchange rate (GBP AUD) is 1.4885. US President Barack Obama announced overnight that negotiations between warring Democrat and Republican leaders had yielded an agreement on cutting the US deficit, allowing the world’s largest economy to raise its debt limit before Tuesday’s deadline to avoid...

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Exchange Rate Forecast - GBP, EUR, USD, AUD, NZD

29 Jul 2011 at 5 PM - Written by John Cameron

POUND STERLING The Pound weakened in trade this morning against the majority of majors. The most notable fall was a move to 1.2904 vs the Swiss Franc. The outlook for the Pound remains decidedly bearish despite the slight recovery this afternoon. This retracement represents a focus shift to more urgent matters occurring in the US. NEAR-TERM OUTLOOK – NEUTRAL - NEGATIVE US DOLLAR – The Pound Dollar exchange rate (GBP/USD)...

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Currency Exchange Rates Insight: The Key Majors GBP,USD & EUR Face Uncertainty on Fears of Global Debt Contagion

29 Jul 2011 at 9 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1432. The Pound Dollar exchange rate (GBP USD) is 1.6315. The Pound Australlian Dollar exchange rate (GBP AUD) is 1.4898. The Pound Yen exchange rate (GBP JPY) is 126.45 The headline events for today are the Q2 GDP figure from the US due at 1230 GMT and the vote from congress on the current US Debt limit. It is likely that we will see a day of volatility ahead we would remain Dollar...

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