Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 516

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 Rates : Currency Predictions - GBP, USD, EUR, AUD, NZD, AED

24 May 2011 at 2 PM - Written by John Cameron

POUND STERLING Sterling came under significant selling pressure in the early part of today’s session after leading rating’s agency Moody’s announced that it was considering downgrading the credit rating of fourteen UK retails banks. The Pound came under further pressure when BoE MPC member Paul Fisher suggested that a UK interest rate increase might be ‘the wrong thing to do right now.’ NEAR-TERM OUTLOOK – NEUTRAL...

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Foreign Exchange Outlook : EUR CHF Rate Drops to it Lowest Ever Level as Euro Debt Concerns Heighten

24 May 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1456. The Pound Dollar exchange rate (GBP USD) is 1.6124. The Euro once again stole the limelight in the currency markets yesterday, as fears increased that several peripheral nations may be at risk of defaulting on their sovereign debts. The yield on Greece’s 10 year treasury bills rose to a punishing 16.8% during yesterday’s trading, as investors continued to lose belief in...

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

23 May 2011 at 3 PM - Written by John Cameron

POUND STERLING With no data releases of note in the UK today, the Pound was left to trade to technical levels with the other majors, with movements in the EUR/USD pair determining levels on GBP EUR and GBP USD. Tomorrow morning’s Public Sector Borrowing figures may provide renewed direction for Sterling. NEAR-TERM OUTLOOK – NEUTRAL. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6131 A torrid day for...

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Foreign Exchange Report : GBP EUR Rate Spirals as Greek Debt Woes Escalate, While USD Strengthens

23 May 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1513. The Pound Dollar exchange rate (GBP USD) is 1.6201. Movements in the currency markets leading up to Friday’s close were dominated by one story - Greece’s ability, (or potential inability), to repay its sovereign debt. The GBP EUR exchange rate opened the day at 1.1335 and traded down as low as 1.1314 in early trading as the prevalent down-trend looked set to...

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Foreign Exchange Rates : Weak US Data Causes Gains For GBP USD, While GBP EUR Remains Under Pressure

20 May 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1338. The Pound Dollar exchange rate (GBP USD) is 1.6229. The Pound Australian Dollar exchange rate (GBP/AUD) is 1.5215. For the second time during this week’s trading, the Pound failed to gain ground against the other majors following the release of apparently positive UK data during yesterday’s session. This time the figure in question was the UK Retail Sales number for...

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

19 May 2011 at 4 PM - Written by John Cameron

POUND STERLING Another worrying day for investors holding Sterling-denominated assets as the Pound failed to gain ground following positive UK data. This time, April’s UK Retail Sales figure showed a better-than-expected monthly increase of 1.1%, but the Pound still lost ground against the Euro and the Greenback. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6174...

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Foreign Exchange Rates : GBP EUR and GBP USD Rates Drop on Release of Bank of England MPC Minutes

19 May 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1319. The Pound Dollar exchange rate (GBP USD) is 1.6180. The Pound Australian Dollar exchange rate (GBP/AUD) is 1.5171. Sterling endured a dismal day on the currency markets yesterday, losing ground against all of the sixteen most actively-traded currencies. The day started badly for the Pound, with the release of labour market data at the start of the European session which...

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

18 May 2011 at 3 PM - Written by John Cameron

POUND STERLING An unexpected rise in the number of UK workers claiming Job Seekers’ Allowance and a disappointing set of Bank of England minutes have seen the Pound suffer significant downside on the day. With only three of the nine-man Bank of England MPC committee voting for an interest rate hike and one of those leaving the MPC before the next meeting, a UK rate hike looks a long way off. NEAR-TERM OUTLOOK – NEUTRAL...

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Foreign Exchange Rates : GBP EUR Rate Drops Despite Sterling-Positive Inflation Data

18 May 2011 at 7 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1406. The Pound Dollar exchange rate (GBP USD) is 1.6271. Yesterday’s major data release came in the form of the CPI Inflation figure for April in the UK. Analysts had expected the number to show that UK inflation had increased slightly from last month’s 4.0% reading to 4.1%. However, the figure far outstripped expectations when it printed at 4.5%. The market’s reaction...

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

17 May 2011 at 3 PM - Written by John Cameron

POUND STERLING This morning’s UK CPI Inflation figure far outstripped analysts’ expectations, coming out at an annualised 4.5%, its highest level since the Autumn of 2008. However, Sterling has failed to move forward against the UAD and EUR in spite of this apparently positive release, which is a bad sign for investors holding Sterling-denominated assets. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The...

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