Latest Currency News Continued - page 521

Pound Euro Exchange Rate Forecast: Today’s session has been marked by the release of a raft of Gross Domestic Product data sets from four of the world’s most significant economies. The results proved to be a decidedly mixed bag. The Pound Sterling to Euro exchange rate is trading up +0.32% at 1.22633 GBP/EUR. We take a look at the effect the results are likely to have on the Pound Japanese Yen (GBP/JPY) and Pound euro...

Wednesday’s dovish Bank of England inflation report and today’s impressive Japanese growth data left the Pound to Yen exchange rate (GBP/JPY) in a stronger position. The Pound Sterling (currency:GBP) recorded widespread declines yesterday as the UK’s employment report showed a smaller-than-forecast drop in joblessness and slower-than-expected wage growth. Further Pound losses occurred after the BoE published its...

Pound to Euro Exchange Rate Forecast (GBP/EUR): A little-mentioned economic statistic, published in Germany during pre-trading in the lead-up to yesterday’s European equities session, may have pronounced ramifications for the future prospects for the euro (currency:EUR). The latest Consumer Price Index data from the powerhouse Teutonic state pointed to a month-on-month decrease in the level of domestic prices of 0.2% adding...

Overnight improved risk appetite and climbing stocks pushed the commodity-driven New Zealand Dollar higher against several of its major currency counterparts. The New Zealand Dollar achieved a seven-week high against the Euro and was stronger against both the Pound and US Dollar during Australasian trading. The New Zealand Dollar was little-affected by a report detailing a slowing in New Zealand’s retail sales...

The exchange rates forecast for the Pound Sterling to Euro (GBP/EUR) , US Dollar (USD), Australian (AUD) and NZ Dollars (NZD) is looking negative. On the face of it, this morning’s session should have been a positive one for the Pound Sterling (currency:GBP) – official UK government figures revealed that the number of people out of work in Britain dropped by a sizeable 133,000 during the three months leading up to the end...

Pound Rupee Exchange Rate Outlook Today: At the outset of European trading the Indian Rupee (INR) was enjoying a stronger relationship with peers like the Pound Sterling (GBP) and US Dollar (USD). The Rupee was supported as exit polls indicated that the opposition Bharatiya Janata Party possibly won between 249 and 340 seats at the recent election. 272 seats would be required for a majority. The ruling Congress Party, who...

The British Pound to Australian Dollar (GBP AUD) Exchange Rate Forecast May 2014: The Australian Dollar (currency:AUD) enjoyed a pronounced bout of support during yesterday’s session following the announcement from the Antipodean nation’s centre-right government that it is set to drastically reduce its deficit from AU$50bn down to $30bn. The reduction will be achieved through the tried and tested method of tax increases and...

The EURO enjoyed a pronounced bout of support earlier today when the latest German ZEW survey battered investors’ expectations. Luke Bartholomew, at Aberdeen Asset Management, observed that, "ECB meetings are starting to have a Waiting for Godot feel: every month we think Draghi can't go any longer without doing something and every month we're left waiting." The air of inevitability surrounding asset purchase for the eurozone...

While today’s UK retail sales report added to the picture of the UK’s improving economy and supported the argument for the Bank of England bringing forward its timeline for increasing interest rates, the Pound to New Zealand Dollar exchange rate (GBP/NZD) was trending in a weaker position throughout European trading. Some investors engaged in a bit of profit taking before tomorrow’s UK employment report and the Pound lost...

Currency News think piece: What Is Forecast For Pound Euro Exchange Rate (GBP/EUR) If ECB Starts Quantitative Easing? Yesterday’s session saw the Pound euro exchange rate spiral to a fresh 16-month high of 1.2280 GBP/EUR. The move, driven by selling pressure on the single currency, appeared to be a reaction to last Thursday’s comments from ECB President Mario Draghi suggesting that next month might bring the introduction of a...