Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 520

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 Insight : Comments by ECB Policy-Makers Send GBP EUR Rate Higher

27 May 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1544. The Pound Dollar exchange rate (GBP USD) is 1.6444. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5382. The Euro experienced significant volatility late on yesterday, as several European policy-makers commented on the ongoing Eurozone sovereign debt crisis. ECB Board Member Lorezo Bini Smaghi warned that Eurozone states which failed to keep to the terms of their...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

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

26 May 2011 at 3 PM - Written by John Cameron

POUND STERLING With no tier one data released in the UK today, the Pound gained ground on the other majors due to Euro and US Dollar weakness in the market. Tonight’s GfK Consumer Confidence survey for May tomorrow is the last significant UK data release before the long weekends; this will lend it added significance. NEAR-TERM OUTLOOK – NEUTRAL . US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6346 The...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Report : GBP EUR Exchange Rate Hits Two Month High as UK Import/Export Figures Push the Pound Higher

26 May 2011 at 5 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1515. The Pound Dollar exchange rate (GBP USD) is 1.6305. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5391. Yesterday morning’s data releases in the UK proved generally supportive for the Pound, as Sterling enjoyed a positive day on the currency markets. The major UK data release of the day saw UK GDP Growth for the first three months of 2011 confirmed at a quarterly...

CATEGORIES: Daily Currency Updates Euro Forecasts Pound Euro Forecasts

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

25 May 2011 at 5 PM - Written by John Cameron

POUND STERLING This morning’s revised UK GDP figures for Q1 came in ‘on expectations’, but UK Q1 Export figures released at the same time exceeded analysts’ expectations. A lower level of UK domestic imports in the first quarter suggests that the BoE’s tacit policy of weakening the Pound appears to be working. NEAR-TERM OUTLOOK – NEUTRAL TO POSITIVE. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Rates : Pound Suffers as Moody's Investigates UK Retail Banks, GBP EUR Up Later as Officials Discuss Greek Debt Reprofiling

25 May 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1519. The Pound Dollar exchange rate (GBP USD) is 1.6163. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5429. European Commissioner Olli Rehn has stated in the last twenty four hours that Greece’s debt may have to be ‘re-profiled’ and that the term of the stricken state’s loans may need to be extended. If Greece did take the action that Rehn is suggesting, it...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

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...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

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...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

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...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

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...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

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...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts