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Latest Currency News Continued - page 6

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

GBP to CAD Exchange Rate Holds Ground despite Revives Brexit Fear

5 Jun 2020 at 3 PM - Written by Toni Johnson

Despite stronger demand for risk-correlated currencies and some strong Canadian data at the end of the week, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has ended the week on a fairly resilient note. Investors are buying the Pound despite Britain’s gloomy economic outlook and returning Brexit fears. However, looking ahead there is much uncertainty in the outlooks for both currencies as the coronavirus pandemic...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Falls as Market Still Risk-on despite ‘Historic’ Jobless Rate

5 Jun 2020 at 10 AM - Written by John Cameron

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Slides as ECB Action Buoys Risk Appetite The Pound Sterling Australian Dollar (GBP/AUD) exchange rate slumped by around -0.3% this morning. This left the pairing trading at around AU$1.8114. The risk-sensitive Australian Dollar was able to make gains today after the European Central Bank (ECB) announced it would be expanding its stimulus. The Euro (EUR) continued...

CATEGORIES: Pound Australian Dollar Forecasts

Pound to US Dollar (GBP/USD) Exchange Rate Steady as US Jobless Claims Rise Above Forecasts

4 Jun 2020 at 5 PM - Written by John Cameron

GBP/USD Exchange Rate Rangebound on ‘Unprecedented US Jobs Data The Pound to US Dollar (GBP/USD) exchange rate held steady today, with the pairing currently trading around $1.25. The US Dollar (USD) has suffered from today’s release of the US initial jobless claims figures for May, which came in at a worse-than-expected 1,877 thousand, despite forecasts of 1,800 thousand. However, this was better than April’s 2,126...

CATEGORIES: American Dollar Forecasts Pound Dollar Forecasts

Pound to Canadian Dollar (GBP/CAD) Exchange Rates Steady as BoC Holds Interest Rates at 0.25%

3 Jun 2020 at 3 PM - Written by John Cameron

GBP/CAD Exchange Rate Rangebound as Risk-On Markets Fail to Buoy Canadian Dollar The Pound to Canadian Dollar (GBP/CAD) exchange rate held steady today, with the pairing currently trading around CA$1.69. Today saw the Bank of Canada (BoC) hold its interest rates at 0.25%, effectively dispelling any concerns that the bank could take interest rates lower to held boost the Canadian economy. The BoC said in its...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound South African Rand (GBP/ZAR) Exchange Rate Falls as Traders Flock to Riskier Assets

3 Jun 2020 at 1 PM - Written by John Cameron

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Slides as Investors Bet on Strong Economic Recovery The Pound Sterling South African Rand (GBP/ZAR) exchange rate slumped by around -0.6% on Wednesday. This left the pairing trading at around R21.4569. The South African Rand was able to make gains today as investors continued to bet on a strong economic recovery. While investors continued to eye US-China...

CATEGORIES: Pound Rand Forecasts

Pound to Norwegian Krone (GBP/NOK) Exchange Rate Falls on Bright Outlook for Norway’s Economy

2 Jun 2020 at 5 PM - Written by John Cameron

GBP/NOK Exchange Rate Sinks as Norwegian Economic Outlook Brightens The Pound to Norwegian Krone (GPB/NOK) exchange rate rose fell by -0.4% today, with the pairing currently trading around 11.98kr. The Norwegian Krone (NOK) has benefited from growing signs that Norway’s economy is picking up. This follows reports that Norway’s coronavirus infection and death rates have remained low, allowing the economy to recovery....

CATEGORIES: Norwegian Krone Forecasts Pound Norwegian Krone Forecasts

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Muted as Oil Prices Jump Near Three-Month Highs

2 Jun 2020 at 3 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Flat as Oil Prices Rise Near Three-Month Highs The Pound Sterling Canadian (GBP/CAD) exchange rate remained flat on Tuesday afternoon. This left the pairing trading at around CA$1.6951. The oil-sensitive ‘Loonie’ struggled to make gains against an upbeat Sterling today despite oil prices rising near three-month highs. Expectations oil producers would agree to...

CATEGORIES: Pound Canadian Dollar Forecasts

Euro to US Dollar (EUR/USD) Exchange Rate Rises as US Protests Weigh on Greenback

1 Jun 2020 at 5 PM - Written by John Cameron

EUR/USD Exchange Rate Increases as US Manufacturing PMI for May Falls Below Forecasts The Euro to US Dollar (EUR/USD) exchange rate edged higher today, with the pairing currently trading around $1.11. The US Dollar (USD) has been held back by the shocking wave of protests throughout the United States over the weekend. As a result of the riots, investors are becoming increasingly concerned that the US’ $4 trillion deficit...

CATEGORIES: American Dollar Forecasts Euro Forecasts

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Flat as US-China Trade Deal Safe ‘For Now’

1 Jun 2020 at 4 PM - Written by John Cameron

Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Muted as Risk Appetite Improves The Pound Sterling New Zealand Dollar (GBP/NZD) exchange rate remained flat on Monday afternoon. This left the pairing trading at around NZ$1.9859. The pairing remained flat at the start of the week as both currencies benefitted from an upswing in risk appetite. Britain relaxed lockdown restrictions while markets became more optimistic...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Rallies as US-China Tensions Fuel Risk

29 May 2020 at 3 PM - Written by Frank Davies

Modest Improvement in Consumer Confidence Fails to Dent Pound New Zealand Dollar (GBP/NZD) Exchange Rate A modest uptick in the ANZ consumer confidence index was not enough to prevent the Pound New Zealand Dollar (GBP/NZD) exchange rate from rallying ahead of the weekend. As geopolitical tensions surrounding Hong Kong continued to mount the mood towards the risk-sensitive New Zealand Dollar generally soured. With the US...

CATEGORIES: Pound New Zealand Dollar Forecasts