Latest Currency News Continued - page 523

Here's our latest foreign exchange rate forecasts for the following exchange rates: Euro (EUR), Pound Sterling (GBP), US Dollar (USD) and the New Zealand Dollar (NZD): Tougher stress test on the eurozone’s retail banks threatens to weigh down the EURO (currency:EUR) during coming sessions. EU regulators are introducing tough new laws which will force the region’s caisses to prove that their balance sheets can withstand a...

The Pound Sterling initially lost ground against the euro today, sending the Pound Euro exchange rate down towards the 1.2100 GBP/EUR threshold earlier, following a disappointing set of GDP figures. However, some patchy eurozone economic surveys and tame German inflation data have triggered a comeback for GBP/EUR this afternoon. Currently, the Pound Sterling to Euro exchange rate is trading up +0.38% at 1.21813 GBP/EUR. The...

The Pound Sterling (currency:GBP) has come a long way in a relatively short space of time, leading many analysts to suggest that it is now overbought against a basket of the sixteen most-actively traded global currencies. Taking the Pound Dollar exchange rate GBP/USD as a benchmark, the evidence for this looks compelling. The Pound Sterling to Dollar exchange rate was struggling below the 1.5000 GBP/USD threshold less than a year...

Here's our exchange rate forecast roundup for the Pound Sterling (GBP), Euro (EUR), US Dollar (USD) and New Zealand Dollar (NZD) exchange rates. The POUND STERLING (currency:GBP) has failed to shine so far today, struggling to break into positive territory against any of the other sixteen most actively traded global currencies with the exception of the Antipodean Dollars. This morning’s report from the Confederation of...

The Pound Australian Dollar exchange rate (GBP/AUD) and Pound New Zealand Dollar exchange rate (GBP/NZD) are forecast to climb as tensions mount in Eastern Ukraine. Meanwhile, the New Zealand Dollar (NZD) will be afforded further direction by tonight’s March Trade Balance data. Widespread losses for global share markets during Friday’s session look likely to continue today following an escalation of tensions in Ukraine. The...

Mildly disappointing UK retail sales data earlier today has held back the Pound euro exchange rate GBP/EUR. Meanwhile, the Pound Yen exchange rate GBP/JPY has edged lower following a sharp increase in Tokyo’s level of inflation. This morning’s UK Retail Sales numbers for March came out marginally better than February’s counterpart figure. However, the year-on-year showing of 4.2% was well below the 4.5% which analysts had...

Geo-political risk events look likely to dominate proceedings in the global currency markets during today’s session, affecting the relative level of the US Dollar (USD exchange rate) and the high yielding currencies. Look out for pronounced movement on the day for the Pound Dollar exchange rate (GBP/USD) as well as for the Pound Australian Dollar (GBP/AUD) and Pound New Zealand Dollar (GBP/NZD) exchange rates. Today's key...

Here's our foreign exchange rate forecasts/analysis for the Euro (EUR), Pound Sterling, (GBP), Dollar (USD) and New Zealand Dollar (NZD): The EURO (currency: EUR) enjoyed a boost earlier today when Portugal’s government successfully shifted €750m worth of its bonds at auction. The news means that the once debt-addled Iberian state is now nearly certain to exit its bailout before the end of next month. A stronger than...

Pound Sterling suffered on the day yesterday thanks to an alarming publication from the UK Office for Budgetary Responsibility. The Pound to euro (GBP/EUR) and Pound to Dollar (GBP/USD) exchange rates suffered in response. However, the Pound Australian Dollar exchange rate (GBP/AUD) surged on tame Aussie inflation data. Today's key Pound Sterling exchange rates (Updated 15:00 24/04/2014): - Pound to Australian Dollar exchange...

In a key technical move, the Pound euro exchange rate made a run at its 15 ½ month high of 1.2258 GBP/EUR during late trading yesterday. However, a combination of a wishy-washy set of Bank of England minutes and relatively strong data from the eurozone meant that Sterling to Euro rate topped out at 1.2198 GBP/EUR during yesterday’s US equities trading before falling into the low 1.2100s today. The Pound Sterling to Euro...