Latest Currency News Continued - page 525

As the week’s trading session gets underway, the EURO (currency:EUR) appears to be firmly in the ‘at risk’ category thanks to European Central Bank President Mario Draghi’s comments in Washington over the weekend. Draghi asserted at the IMF’s spring conference that any strengthening of the single currency would act as a prompt for his board to further loosen monetary policy. Expect the euro to suffer this week as a...

The Euro Pound exchange rate (EUR/GBP) firmed on Friday as weaker than forecast construction data and the Bank of England’s interest rate decision weighed in on the Pound Sterling (currency:GBP). The Euro currency continued to find mild support from yesterday’s positive return to the financial markets for Greece. The austerity ravaged nation managed to raise €3 billion in its first bond auction since it received its...

The Pound to Australian Dollar exchange rate remained subdued as the Pound Sterling continued to be weaker against the strong Aussie on Friday; the Bank of England’s decision to maintain interest rates at a record low and worse than expected construction sector output data weighed. The Pound Sterling to Australian Dollar exchange rate is trading down -0.19% at 1.78197 GBP/AUD. The Australian Dollar (currency:AUD) briefly...

Support for the US Dollar (currency:USD) slumped during late trading yesterday following the publication of a dovish set of minutes from the US Federal Reserve. The memos of the latest meeting of the American lender of the last resort’s policy committee brought yet another apparent alteration in stance, stating that interest rates in the States would remain ‘very low’ for a considerable time to come. The Pound Sterling...

The POUND STERLING (currency:GBP) put in a strong performance during yesterday’s session, however it has been less convincing today. Although this morning’s UK Trade Balance data for February was less bad than anticipated, it still pointed to massive monthly trade gap of £9.1bn – hardy cause for celebration. Tomorrow afternoon’s Bank of England policy decision is likely to be a damp squib, so it is predicted that the...

The Pound Sterling (currency:GBP) enjoyed a stellar session yesterday, sending the Pound Dollar exchange rate shooting up to 1.6755 GBP/USD just after the New York opening bell yesterday afternoon. The pair had been languishing just above the 1.6600 at the time London’s equities session got underway, but highly positive UK industrial and manufacturing production data saw the GBP USD exchange rate soar. Positive projections...

Strong economic numbers from the UK and massively disappointing Canadian property construction figures have sent the Pound Canadian Dollar exchange rate spiralling to 1.8322 GBP/CAD earlier on. The pair had been languishing in the 1.8100s during the latter part of today’s Asian session, but developments either side of the Atlantic today soon put paid to that. The Pound Sterling to Canadian Dollar exchange rate is trading up...

Federal Reserve committeeman James Bullard delivered a set piece speech yesterday afternoon which has the potential to trigger pronounced movement for the US Dollar throughout today’s session. The head of the St. Louis Federal Reserve Bank was speaking to an audience in Los Angeles and he delivered an emphatic verdict on last Friday’s mildly disappointing US Non Farm Payrolls numbers. Bullard’s view is that although the...

Not for the first time a headline-grabbing pronouncement from the World Bank has caused major shifts in the global currency markets during this afternoon’s session. A report published by the widely-respected organisation earlier today saw the World Bank cut its 2014 GDP growth forecast for China to 7.6% - down 0.1% from its previous estimate of 7.7%. The Pound Sterling to Australian Dollar exchange rate is trading up +0.43%...

In today's Currency News Pound Euro exchange rate forecast we ask: Could the GBP/EUR Exchange Rate Break To A Fresh 14-Month High? This week’s session gets off to a relatively slow start from the perspective of data releases. The highlight of today’s schedule comes in the form of this morning’s whole of eurozone Sentix Investor Confidence survey, due for publication at 0930hrs BST. Analysts are expecting the figure to...