Currency News

Daily Exchange Rate Forecasts & Currency News

Latest Currency News Continued - page 521

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

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...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

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...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

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...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

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...

CATEGORIES: Daily Currency Updates Euro Forecasts Pound Euro Forecasts

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...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Pound Euro rate and GBP USD up on CPI inflation data

17 May 2011 at 10 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1456. The Pound Dollar exchange rate (GBP USD) is 1.6271. The Pound Rupee exchange rate (GBP INR) is 73.172. The pound euro rate rose on the news that the CPI (UK Consumer Prices Index) annual rate of inflation rose to 4.5% in April. This figure is up 0.5% over the previous month's 4%, which now leaves CPI at its highest since October 2008. The inflation increase is likely...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts

Foreign Exchange Currency Insight : GBP AUD Rate Dips on RBA Minutes, Euro Makes Gains

17 May 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1435. The Pound Dollar exchange rate (GBP USD) is 1.6205. The major risk event in the currency markets during last night’s Asian session came in the form of the release of the Reserve Bank of Australia’s minutes of its most recent monetary policy meeting. On the one hand, the minutes were Australian Dollar positive, as the RBA stated that it considers ‘core inflation’ to...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

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

16 May 2011 at 5 PM - Written by John Cameron

POUND STERLING The Pound has suffered from drift in the markets today in the absence of any key data releases. Tomorrow’s UK CPI Inflation figure for April will be avidly watched by investors, with a print of above 4.1% in the headline annualised rate likely to elicit renewed support for Sterling. NEAR-TERM OUTLOOK – NEUTRAL. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6235 This afternoon’s US...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts

Foreign Exchange Rates : Euro Needs Positive CPI Inflation Figure to Arrest Slide

16 May 2011 at 6 AM - Written by John Cameron

The Pound Euro exchange rate (GBP EUR) is 1.1479. The Pound Dollar exchange rate (GBP USD) is 1.6171. The Euro remains delicately balanced in the currency markets, with concerns regarding the continuing Eurozone sovereign debt crisis being counterbalanced by expectations of several ECB interest rate rises over the next 12 months. Friday’s session saw the release of highly positive Q1 GDP growth figures in Germany. The data...

CATEGORIES: Daily Currency Updates Euro Forecasts Pound Euro Forecasts

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

13 May 2011 at 4 PM - Written by John Cameron

POUND STERLING Doubts have surfaced over the strength of the UK’s economy following yesterday’s disappointing NIESR GDP forecast and today’s lowering of the European Commission’s UK Growth Forecast for 2011. Expectations for a UK interest rate rise have been lowered accordingly. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound Dollar exchange rate (GBP/USD) is 1.6206 This afternoon’s...

CATEGORIES: American Dollar Forecasts Australian Dollar Forecasts