Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 507

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

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

28 Jul 2011 at 5 PM - Written by John Cameron

POUND STERLING The Pound has recovered a little against the majority of the world’s most actively traded currencies. We would still however remain bearish on the Pound with a constant stream of Sterling negative data being released on a weekly basis. NEAR-TERM OUTLOOK – NEUTRAL - NEGATIVE US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6333 Pending homes sales figures rose in June as falling prices seem to...

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Foreign Exchange Rates : EUR Suffers on Moodys Warnings, GBP USD poised to make further gains

28 Jul 2011 at 9 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1365. The Pound Dollar exchange rate (GBP USD) is 1.6353. The Pound Australlian Dollar exchange rate (GBP AUD) is 1.4776. The Pound Yen exchange rate (GBP JPY) is 127.0170 Earlier in the week we considered the likelihood of a US Debt default, the general consensus in the market was that after ongoing discussions a solution would be met and the debt ceiling would be raised. The process...

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

27 Jul 2011 at 5 PM - Written by John Cameron

POUND STERLING The Pound has sold off steadily from its 1.6436 high against the Dollar. Data from The Confederation of British Industry has helped to further illustrate the problems with a slowing economic recovery and it is now likely that the BoE will come under increased pressure to restart the Quantitative Easing program and therefore extend past the current £200Bn mark. NEAR-TERM OUTLOOK – NEUTRAL - NEGATIVE US...

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Foreign Exchange Update: GBP EUR Focus shifts to Widespread USD selling on Debt Default Concerns

27 Jul 2011 at 9 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1340. The Pound Dollar exchange rate (GBP USD) is 1.6423. The Pound Australlian Dollar exchange rate (GBP NZD) is 1.4840. The Pound New Zealand Dollar exchange rate (GBP NZD) is 1.8749. The UK GDP figures yesterday showed that the UK economic growth rate slowed to 0.2% for the second quarter. Numerous excuses have been given by government officials including the extra bank holiday...

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

26 Jul 2011 at 6 PM - Written by John Cameron

POUND STERLING The Pound suffered in opening trade this morning falling to a daily low against most majors ahead of the UK Q2 GDP release. The figure was announced as expected and the Pound recovered to close relatively flat on the day. The GDP figures reinforce the outlook that UK interest rates are unlikely to change in the short term. They also represent a possibility of a fresh round of quantitative easing as the BoE...

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Currency Exchange Rates: Sterling rallies on GDP figures

26 Jul 2011 at 11 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1330. The Pound Dollar exchange rate (GBP USD) is 1.6440. The Pound NZ Dollar exchange rate (GBP NZD) is 1.8781. Pound Sterling has rallied on the news of the GDP growth figures released this morning. The Office for National Statistics announced that Britain's GDP product grew by 0.2% in the 2nd quarter in comparison to the 1st. This figure took the annual growth rate to 0.7...

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Foreign Currency Insight: GBP & USD suffer as EUR makes Significant Advance

26 Jul 2011 at 8 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1266. The Pound Dollar exchange rate (GBP USD) is 1.6332. The Pound Australian Dollar exchange rate (GBP AUD) is 1.4945. The Pound has opened this morning with widespread weakness against the majority of the majors. Market participants are bracing themselves for the worse ahead of this mornings UK Q2 GDP headline figure. The expectation is that the annualised growth rate will slow to...

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

25 Jul 2011 at 6 PM - Written by John Cameron

POUND STERLING The Pound has traded within a relatively narrow range as trader’s side towards caution ahead of tomorrow’s Q2 GDP announcement. Despite last week’s announcement that Retail Sales figures were up for the month of June, the expectation is that GDP will be down from (0.5%) in the previous quarter to an expected (0.2%) for Q2. This figure is key to the outlook for the UK economy for the latter part of this year...

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Currency Exchange Report - GBP EUR Reversal as European Focus Shifts to US Debt Ceiling Talks, USD Hesitates

25 Jul 2011 at 9 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1343. The Pound Dollar exchange rate (GBP USD) is 1.6271. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5062. Markets seem to be breathing a sigh of relief following the announcement of measures aimed at maintaining stability in the Eurozone. The EU summit last week saw a sovereign debt deal with measures to bail out Greece (€109 Bn) and lower Irish debt payments from...

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

22 Jul 2011 at 2 PM - Written by John Cameron

POUND STERLING Sterling has traded within tight ranges against the Dollar and the Euro so far today and with no major risk events until next week, this is likely to continue until tonight’s close. Tuesday’s Q2 UK GDP growth figure needs to outstrip expectations for the Bank of England to even begin considering raising interest rates. NEAR-TERM OUTLOOK – NEUTRAL. US DOLLAR – The Pound Dollar exchange rate...

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