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Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 517

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Latest Currency News Headlines

Foreign Exchange Rates - GBP/EUR Rate Plummets on Relative Interest Rate Expectations and Rumours of a UK Debt Downgrade

25 Mar 2011 at 9 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1352. The Euro Dollar exchange rate (EUR/USD) is 1.4159. The Euro experienced an unusual trading session on the day yesterday. With a slew of apparently negative data and information emerging regarding the single economic area, the Euro should have been showing red across the board. However, the reverse was true. Sovereign debt problems continued to dog the Portuguese economy...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

End of Day Foreign Currency Market Predictions : GBP EUR USD AUD NZD CAD

24 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING The Pound endured a shocking day on the markets, trading in the red across the board. The session began badly for Sterling with February’s Retail Sales figures coming out considerably worse than expected at -0.8%. Meanwhile, North Sea Oil Producers have warned that the windfall tax on their industry, announced in yesterday’s budget, will cause tens of thousands of job losses. NEAR-TERM OUTLOOK – NEUTRAL TO...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Morning Foreign Currency Market Outlook - GBP/EUR Exchange Rate Edges Higher as the Euro Comes Under Pressure Ahead of EU Sovereign Debt Summit

24 Mar 2011 at 7 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1529. The Euro Dollar exchange rate (EUR/USD) is 1.4072. Concerns over widespread Eurozone sovereign debt problems are dominating currency market movements this morning, following the resignation of Portuguese Prime Minister Jose Socrates late last night. Socrates stepped down after all five Portuguese opposition parties acted in unison to vote down his ruling party’s proposed...

CATEGORIES: Daily Currency Updates Euro Forecasts Pound Euro Forecasts

Today's Latest Exchange Rate Predictions - GBP, USD, EUR, AUD, NZD, CAD

23 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING The highlight of today’s UK Budget Statement turned out to be a low light, when Chancellor George Osborne announced that government forecasts for 2011 GDP growth was down-graded form 2.1% to 1.7%. The Pound lost ground this morning when the latest Bank of England MPC Minutes revealed that only three of the nine man committee had voted for a rate hike. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR –...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Morning Currency Exchange Market Update - GBP/EUR Rate Improves on UK Inflation Figure and Continuing Eurozone Sovereign Debt Fears While USD Suffers

23 Mar 2011 at 7 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1541. The Euro Dollar exchange rate exchange rate (EUR/USD) is 1.4171. The Euro has performed strongly against the other majors in recent sessions, with the EUR/USD rate rising to within half a cent of a 14-month high. The single European currency has been buoyed by the decision of EU member states to beef up the European Financial Stability Fund, (EFSF), in the early part of this...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

Latest Exchange Rate Predictions Today - GBP, USD, EUR, AUD, NZD, CAD

22 Mar 2011 at 5 PM - Written by John Cameron

POUND STERLING This morning’s UK CPI inflation figures came in ahead of expectations at 4.4%, increasing speculation of a rate hike by the Bank of England sooner rather than later. The Public Sector Net Borrowing Requirement figure for February showed at a much bigger number than had been expected, meaning that there will be little room for expansion of spending plans in tomorrow’s Budget. NEAR-TERM OUTLOOK – NEUTRAL TO...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Pound Euro Exchange Rates ? Sterling Improves on CPI Inflation Figure, but Gains in GBP/EUR are Tempered by Worrying UK Public Sector Borrowing Numbers

22 Mar 2011 at 1 PM - Written by John Cameron

The Pound Euro exchange rate is 1.1528. The Pound has gained some ground against the other majors due to this morning’s Consumer Price Inflation figure for February, which showed that UK prices are rising by an annualised 4.4%. Analysts had expected the figure to come out at 4.2%, so this release will be likely to cause an upward revision to UK Interest Rate expectations. The data also showed a monthly increase of 0.7%...

CATEGORIES: Euro Forecasts Pound Euro Forecasts Pound Sterling Forecasts

Morning Foreign Exchange Report : GBP/USD and EUR/USD Rates Approach Multi-Month Highs as US Currency Suffers on Improving Risk Sentiment

22 Mar 2011 at 6 AM - Written by John Cameron

The Pound Dollar exchange rate (GBP/USD) is 1.6304. The Euro Dollar exchange rate (EUR/USD) is 1.4229. An air of normality returned to the currency markets yesterday following the dramatic events of recent days. Air Strikes on Tripoli continued again overnight, but investors do not appear to be perturbed by these; in fact the key indicators suggest that market participants are re-assured by the fact that the international...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

Exchange Rate Outlook Forecast For Major Currencies ? GBP, USD, EUR, AUD, NZD, CAD

21 Mar 2011 at 4 PM - Written by John Cameron

POUND STERLING The Pound has picked up ground against all of the majors other than the high-yielders and the oil-driven currencies during today’s session. The Bank of England’s Chief Economist and MPC member Spencer Dale made bullish comments regarding the UK real economy’s prospects of recovery for the remainder of the year. Tomorrow’s CPI inflation figure is unlikely to hurt the Pound. Similarly, Wednesday’s BoE...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Pound Dollar Exchange Rates ? GBP/USD Trades Higher As Improvement in Risk Sentiment Sees AUD and NZD Strengthen

21 Mar 2011 at 1 PM - Written by John Cameron

The Pound Dollar exchange rate (GBP/USD) is 1.6284. The Pound Euro exchange rate (GBP/EUR) is 1.1474. Leading risk indictors in the market are pointing to an pick up in global appetite for risk as the Japanese nuclear crisis is brought under control. The market seems relatively unperturbed by air strikes in Libya, with stock markets gaining during the first session of the week. Tokyo’s Nikkei 225 enjoyed another day of gains...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts Euro Forecasts