Latest Currency News Continued - page 515

The Pound Euro was sent to its highest level since the start of last year after the market’s initial response to the European Central Bank’s announcement that it was embarking on a pathway to Quantitative Easing last Thursday was predictable; the result - the single currency exchange rate leaked support. On Thursday 12th June, the Pound to Euro exchange rate has surged ahead once more, gaining 0.33% per cent by 10:00 GMT...

The Pound Sterling exchange rate (currency:GBP) found support when EEF, a UK-based manufacturing industry body, published a report earlier today which found that levels of optimism in the British manufacturing sector are at their highest level since the financial crisis broke in 2007. If tomorrow’s UK manufacturing and industrial production data backs up this finding, then Sterling could strengthen further. However,...

The Pound Sterling forecast for the Australian Dollar, New Zealand & Canadian Dollar exchange rates are predicted to see gains as VIX remains low. The global currency market may have been shut on Sunday but that didn’t stop a key piece of data from one of the world’s premier economic powerhouses being published. On Tuesday we see the following Pound exchange rates:The Pound to Euro exchange rate today is trading steady...

The Pound to New Zealand Dollar exchange rate (GBP/NZD) pairing was 0.41 per cent lower during European trading on Friday. Domestic factors (and in particular the decline in the price of dairy products) have restrained the New Zealand Dollar over the last week, but the commodity-driven currency staged an impressive rebound on Thursday as investors took a proactive response to the ECB’s decision to implement a wide range of...

The EURO (currency:EUR) has steadied itself against the other majors during the past 12hrs following the initial shock of yesterday’s ECB announcement of its plan for a eurozone Quantitative Easing scheme. Slightly disappointing German industrial production numbers, published earlier, have halted the short term improvement for the single currency, and a delayed move against the eurozone tender cannot be ruled-out for next week....

Thursday proved to be a volatile one for the currency markets. While the Bank of England’s decision to leave interest rates unaltered failed to cause a stir, the European Central Bank’s interest rate decision had a much stronger impact. The central bank finally took the plunge and took the action it had been threatening for months. The introduction of unprecedented stimulus measures, including a negative deposit rate, caused...

The European Central Bank’s dramatic efforts, announced yesterday lunchtime, to avert a decimating bout of deflation in the eurozone’s already fragile economy sent the Pound euro exchange rate up to a fresh 17-month high at 1.2400 GBP/EUR. The ECB’s revelation that it was trimming all three of its leading lending rates, with overnight deposits now attracting a negative rate of return, hit the single currency hard. ECB...

Euro Rate Today - The Euro exchange rate (EUR) falls to four-month low against the US Dollar (USD) as ECB introduces negative rate - The Euro declined to a four-month low against the US Dollar on Thursday after the European Central Bank cut interest rates to a new record low, introduced negative rates and announced a fresh round of refinancing operations. In a bid to stave off the threat of deflation and a stalling of the Eurozone...

Pound to Euro Exchange Rate Today - The euro (currency:EUR) has taken a pummelling in the global currency markets this afternoon, sending the Pound Sterling to euro exchange rate (GBP/EUR) up to its highest level since January 2014. The pair touched off the 1.2400 level during the early part of European Central Bank President Mario Draghi’s press conference this afternoon, when he confirmed that this Bank is preparing the ground...

During the European session the Pound Sterling to Australian Dollar exchange rate was trading in the region of 1.8061 GBP/AUD, just 0.05 per cent stronger than before the publication of Australian trade data. The ‘Aussie’ posted widespread gains earlier in the week as the Reserve Bank of Australia left interest rates unaltered as Australian GDP was shown to have expanded at a faster-than-forecast pace in the first quarter of...