Latest Currency News Continued - page 518

GBP to Euro Exchange Rate Forecast to Slide On UKIP Election Win - Light trading volumes during yesterday’s session ensured that there was relatively little in the way of movement for the Pound Sterling currency pairs. However, the emergence of results from the EU-wide elections to decide on each of the 28 nation state’s Members of the European Parliament in Brussels had an effect on the Pound Sterling to Euro exchange rate...

For the third day in succession, the Sterling euro exchange rate (GBP/EUR) has struck another fresh high today. The move up to 1.2374 marginally eclipsed yesterday’s peak of 1.2371 and Wednesday’s 1.2368. The three consecutive closes above the pair’s previous 16-month high of 1.2358 over the past three days send out a strong positive signal for GBP EUR, however today’s session has not been devoid of positive...

The Euro to Pound exchange rate (EUR/GBP) loitered at close to its lowest level for 16 months during yesterday’s trading session as the 28 nation bloc voted on its regional representatives in Brussels. The euro to Sterling exchange rate (EUR/GBP) traded in a relatively tight trading range between 0.8082 and 0.8112 on the day, but many analysts forecast that the single currency may be on the verge of registering significant...

While the Yen advanced yesterday after the Bank of Japan opted to leave stimulus on hold, the Asian asset pared gains against the Pound and US Dollar on Thursday. As of 20:00, the Pound Sterling to Japanese Yen exchange rate is trading up 0.14pct at 171.62532 GBP/JPY, whilst the Euro to Japanese Yen exchange rate is trading up 0.13pct at 138.95637 EUR/JPY. Over the course of Australasian trading the Yen lost ground against...

Although the Federal Open Market Committee’s fairly dovish meeting minutes wore on the US Dollar yesterday, the Euro lost ground against its North American rival on Thursday. The Euro experienced modest fluctuations following the release of a mixed bag of PMI reports for the Eurozone and its largest economies. While the German and Eurozone service sectors performed well, the pace of growth in the manufacturing sectors...

Exchange Rates Forecast: Pound Sterling to Euro (EUR), US Dollar (USD) & New Zealand Dollar (NZD) - The POUND STERLING (currency:GBP) has failed to consolidate on the gains against the other major global currencies which it registered yesterday so far during today’s session. This morning’s UK GDP growth numbers printed exactly as per expectations, but the price action which followed for the Pound was generally to the downside,...

Pound New Zealand Dollar (GBP/NZD) Forecast To Trade Higher On Fed Minutes - Today’s main event, as far as Pound Sterling-watchers are concerned at least, comes in the form of this morning’s UK Q1 Gross Domestic Product figure. The British Pound to New Zealand Dollar exchange rate is trading down -0.19% at 1.96915 GBP/NZD. Recent research from the highly regarding National Institute of Economic and Social Research,...

The Pound Sterling (currency:GBP) has starred in the global currency markets during today’s session, sending the Pound euro exchange rate (GBP/EUR) up to its highest level since January of last year. Sterling has also pushed up to its highest level against the Swedish Krone (currency:SEK) for two years and is threatening the multi-year high which it broke to against the US Dollar (currency:USD) a few weeks ago. The latest...

The Pound edged higher against the Canadian Dollar yesterday and remains trading firmly after domestic Canadian data disappointed economists. Sterling was buoyed yesterday by data which showed that the UK’s inflation rate increased more than forecast. According to the Office for National Statistics inflation increased by 1.8% year-on-year in April, beating economist forecasts for a figure of 1.7%. The data increased...

The news that the Bharatiya Janata Party dominated in India’s recent election and ousted the corruption-blighted Indian National Congress saw the Rupee achieve an 11 month high against the ‘Greenback’ and multi-month/week highs against several of its other major rivals over the last few days. The Rupee has also been supported by comments issued by top ratings agency Moody’s Investor Service. According to a report...