Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 511

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

29 Jun 2011 at 3 PM - Written by John Cameron

POUND STERLING This morning’s UK Mortgage Approval data and Consumer Credit numbers for May disappointed, causing some early downward pressure on the Pound. Events elsewhere have determined the levels on GBP pairs during this afternoon’s session. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6029 The Dollar eased off during this morning’s European session...

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Foreign Exchange Report : Global Stock Markets Rally Ahead of Crucial Greek Vote While GBP EUR Rate Drops Further

29 Jun 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1131. The Pound Dollar exchange rate (GBP USD) is 1.5999. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5141. Global stock markets have registered significant gains over the last twenty-four hours in anticipation of a positive outcome in today’s vote on proposed austerity measures in Greece’s parliament. The benchmark S&P 500 equities index gained 1.29% on...

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

28 Jun 2011 at 3 PM - Written by John Cameron

POUND STERLING Figures released this morning by the Office of National Statistics confirmed that the UK Economy grew by 0.5% in the first quarter of 2011. The ONS figures also confirmed that UK Retail Sales contracted by 0.6% in the first three months of 2011, providing a reminder to investors that the UK economy is not in a strong state. The Pound came under further selling pressure when MPC member Adam Posen described the...

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Foreign Exchange Insight : GBP USD Rate Trades Lower as Crude Oil Drops, While EUR Gains Further Support

28 Jun 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1173. The Pound Dollar exchange rate (GBP USD) is 1.5972. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5281. The Euro made gains against the other majors during yesterday’s session, as the debate on the introduction of proposed austerity measures got underway in Greece’s parliament. Market participants appeared to be confident that tomorrow’s vote in the Greek...

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

27 Jun 2011 at 1 PM - Written by John Cameron

POUND STERLING Last night’s Hometrack Housing Survey showed a small monthly contraction in UK house prices this month, providing further evidence of a softening in the UK’s housing sector. With no key data due for release in the UK until tomorrow morning’s finalised Q1 GDP figure, the Pound has traded within tight ranges against the other majors. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound...

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Foreign Exchange Report : GBP USD Rate Drops to 5-Month Low as Greek Debt Fears Escalate

27 Jun 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1260. The Pound Dollar exchange rate (GBP USD) is 1.6314. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5399. As a new week commences in the currency markets, one story continues to dominate - Greece’s ongoing sovereign debt woes. In an interview published yesterday, Greece's deputy Prime Minister, Theodor Pangalos, added further fuel to the fire, when he cast doubt...

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

24 Jun 2011 at 2 PM - Written by John Cameron

POUND STERLING The Pound has done little more than hold its own against the other majors today as market participants focussed on events elsewhere. With no data released in the UK today, a positive move for the FTSE 100 equities index was cancelled out by expectations that a Bank of England interest rate rise is many months away yet. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound Dollar exchange rate...

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Foreign Exchange Report : GBP USD and EUR CHF Rates Plummet as Global Risk Appetite Ebbs

24 Jun 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1228. The Pound Dollar exchange rate (GBP USD) is 1.6014. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5197. The Euro came under heavy and sustained selling pressure yesterday, as investors reacted to comments made by Fed Chairman Ben Bernanke on Wednesday night that a failure to resolve Greece’s debt situation, ‘would pose threats to the European financial systems,...

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

23 Jun 2011 at 3 PM - Written by John Cameron

POUND STERLING Sterling has endured a mixed day on the markets, clawing back some of yesterday’s lost ground against the Euro, but GBP USD has slipped to its lowest level since the end of March. This morning’s CBI Reported Sales figure for June disappointed, showing a slight contraction. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.5952 The Greenback has...

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Foreign Exchange Report : Downbeat Bernanke Commentary Sends GBP USD Rate to a Twelve-Week Low

23 Jun 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1215. The Pound Dollar exchange rate (GBP USD) is 1.6047. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5201. Chairman of the US Federal Reserve, Ben Bernanke, used his press conference last night to issue a pessimistic view of the state of America‘s economy. Bernanke downgraded the Fed’s 2011 growth forecast for the US economy to 2.7-2.9%. The previous estimate had...

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