Latest Currency News Continued - page 509

The GBP Sterling continued its broad rise against its major peers on Thursday and the Pound to Yen (JPY) exchange rate was able to advance to its best level since October 2008 as a run of strong data reports continued to increase expectations that the Bank of England will raise interest rates by the end of this year. As the session progressed Sterling eased slightly against the Yen as data released by Markit showed that...

Foreign Exchange Rates - Pound Sterling to Euro, US and Australian Dollars The POUND STERLING (currency:GBP) put in another strong performance on the day yesterday. For the second session on the trot, data from the UK thrashed expectations, sending Sterling higher against almost all of the other sixteen most actively traded global currencies. Tuesday’s positive UK manufacturing survey results were still fresh in the...

The Pound to New Zealand Dollar (GBP/NZD) exchange rate gained in the mid-week session after it found support from the release of better-than expected construction purchasing managers index data, the Kiwi meanwhile was weakened by a further fall in dairy prices. Sterling advanced to a 21-month high against the Euro and advanced to a new five and a half year high against the US Dollar as well as making gains against the...

The Pound Sterling to Rupee (GBP/INR) exchange rate softened on Wednesday despite the release of a better-than-expected Construction PMI report. Early in the session the Pound found support from news that UK house prices advanced above a 2007 peak after rising by 1% last month and were 11.8% higher than the same time as the previous year. The Pound to Rupee currently converts as 1 GBP = 102.4125 INR as of Thursday 3rd July...

The best Pound Sterling exchange rates (GBP) of 2014 have slipped away against the US Dollar (USD) and Euro (EUR) currencies today as the UK services PMI came in below forecast. The UK services sector showed a reduction in growth in June compared to that of May 2014. Markit's monthly service purchasing managers index read at 57.7, a decline of 0.9 from the previous month. As of Thursday afternoon, the latest GBP figures...

Thursday has seen the best Sterling exchange rates in 2014 for the Pound to Euro (GBP/EUR) as it pushed past 1.26 today, with other gains seen against the US, NZ and Australian Dollars. Significant price action for the GBP to Euro rate was triggered earlier in the week after a slew of European economic data once more favoured the Sterling outlook The early-morning news that that the pace of expansion in the UK manufacturing...

The Pound made gains against the Swiss Franc on Tuesday after the latest Markit manufacturing purchasing managers index (PMI) data came in above expectations, increasing optimism over the UK economy and increasing speculation that the Bank of England will raise interest rates before the end of this year. Earlier in the session the Swiss Franc found support against a number of its most traded peers as a report released by...

The Pound to Rand (GBP/ZAR) exchange rate rose as positive UK data offered support and as a new round of strikes raised concerns that Africa’s most advanced economy will take a further beating from labour unrest. It was reported that up to 200,000 Members of South Africa’s largest union the National Union of Metalworkers of South Africa (NUMSA) began strike action today as last ditch negotiations over a pay deal ended in...

Foreign rate forecasts and predictions for the Euro, Pound, US Dollar and Canadian Dollar exchange rates: The POUND STERLING exchange rate registered gains against the majority of the other sixteen most actively traded global currencies during yesterday’s session in spite of a complete absence of British tier one data releases. This morning’s Markit UK PMI Manufacturing survey has the potential to be market-moving if it...

The Canadian Dollar (CAD) exchange rate forecast could see a decline against the British Pound (GBP) following weak GDP data - A slew of data from the eurozone has affected the relative value of the euro (currency:EUR) during Monday's session. The key release came at 1000hrs this morning, with the latest Consumer Price Index inflation numbers from the single currency area. The print showed exactly as per analysts’...