Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 510

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 Report : GBP EUR Rate Trades Lower Following ECB Interest Rate Hike and Trichet?s Press Conference

8 Jul 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1123. The Pound Dollar exchange rate (GBP USD) is 1.5948. The Pound Australian Dollar exchange rate (GBP AUD) is 1.4807. The Bank of England Monetary Policy Committee surprised no-one when they announced that they had elected to maintain base rate at it’s current record-low level of 0.50%. The European Central Bank’s announcement that they were to raise their key lending rate by...

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Foreign Exchange Insight : GBP EUR Rate Recovers as Eurozone Data Disappoints and Portuguese Debt is Downgraded to ?Junk? Status

6 Jul 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1126. The Pound Dollar exchange rate (GBP USD) is 1.6081. The Pound Australian Dollar exchange rate (GBP AUD) is 1.4994. The Euro lost ground against the safe-haven Swiss Franc and US Dollar for the first time in five trading sessions yesterday, through a combination of weak data releases and renewed concerns regarding the Eurozone’s debt situation. The day started badly for...

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

5 Jul 2011 at 12 PM - Written by John Cameron

POUND STERLING Sterling received a boost earlier today with the release of a better-than-anticipated Purchasing Managers’ Index Services survey. This helped the Pound make gains against all of the majors with the exception of the Swiss Franc during Europe’s morning session, but Sterling’s forward move may be short-lived, with Thursday’s Bank of England monetary policy decision looming. NEAR-TERM OUTLOOK – NEUTRAL ....

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Foreign Exchange Report : GBP AUD Rate Gains Following Bleak RBA Statement, While GBP USD Trades Lower

5 Jul 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1081. The Pound Dollar exchange rate (GBP USD) is 1.6043. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5023. Yesterday saw a muted start to the week’s session in the currency markets, with investors eyeing key central bank rate decisions later in the week and paying limited attention to data releases and news items on the day. One pair that did see some price action...

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

4 Jul 2011 at 3 PM - Written by John Cameron

POUND STERLING The Pound has struggled for direction on the day, with the PMI Construction survey for June coming in at exactly the expected level. Tomorrow morning’s PMI Services survey will be closely watched, as service sector numbers have proved market-moving in recent months due to the UK’s high dependency on this key area. NEAR-TERM OUTLOOK – NEUTRAL. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is...

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Foreign Exchange Insight : Soft Global Data Releases Suppress GBP USD Rate, While GBP AUD Breaks Higher

4 Jul 2011 at 7 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1074. The Pound Dollar exchange rate (GBP USD) is 1.6084. The Pound Australian Dollar exchange rate (GBP AUD) is 1.4994. Global data releases during last Friday’s session were once again of a softer nature than analysts had been expecting, causing a dampening effect on investors’ appetite for risk. Friday’s Asian session set the tone for the day, with the release of...

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

1 Jul 2011 at 1 PM - Written by John Cameron

POUND STERLING With this morning’s PMI data showing that expansion in the UK’s Manufacturing Sector dropped to its lowest rate in 21 months in June, the Pound has come under further selling pressure on the day. The one saving grace is that Asian and Eurozone data releases today have been equally weak, making the British numbers relatively less poor. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound...

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Foreign Exchange Insight : GBP EUR Breaks to New 15-Month Low, While GBP CHF Shoots Upwards Following Parliamentary Approval for Greece?s Austerity Package

1 Jul 2011 at 9 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1076. The Pound Dollar exchange rate (GBP USD) is 1.6077. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5012. The major news in the currency markets yesterday once again emanated from Greece, where the ruling PASOK party gained parliamentary support for the implementation of its proposed austerity measures. The vote in favour of the measures will see Greece raise taxes and...

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

30 Jun 2011 at 1 PM - Written by John Cameron

POUND STERLING The Pound suffered a poor start to today’s European session in spite of a slightly better-than-anticipated Nationwide House Price Survey for June, released earlier today. The downward move was partly a reaction to the release of the worst UK service sector figures for 15 months yesterday and renewed focus on the UK’s yield disadvantage against the other majors, (barring the USD). NEAR-TERM OUTLOOK –...

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Foreign Exchange Report : GBP AUD Plummets to 26-Year Low as Greece Votes ?Yes? to Austerity, GBP EUR Down Again

30 Jun 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1101. The Pound Dollar exchange rate (GBP USD) is 1.6108. The Pound Australian Dollar exchange rate (GBP AUD) is 1.4989. Greece’s parliament yesterday voted in favour of the proposed package of austerity measures by 155 votes to 138. The voting was not as clear-cut as some analysts had expected, with one member of the ruling PASOK party joining the opposition ranks in voting...

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