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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

Pound Swedish Krona Exchange Rate Falls as Covid-19 Outbreak Increases BoE Rate Cut Odds

2 Mar 2020 at 5 PM - Written by John Cameron

GBP/SEK Exchange Rate Falls on Dovish BoE Statement The Pound to Swedish Krona (GBP/SEK) exchange rate plummeted by -0.9% today, with the pairing currently fluctuating around 12.207kr as the odds of a Bank of England (BoE) rate cut continues to increase amid rising coronavirus fears. The central bank’s spokesman commented: ‘The Bank is working closely with HM Treasury and the FCA [Financial Conduct Authority] – as...

CATEGORIES: Pound Sterling Forecasts

GBP to ZAR Exchange Rate Avoids Sharp Losses as Rand’s Bearish Run Continues

2 Mar 2020 at 3 PM - Written by Tim Boyer

Investors sold the Pound en masse when markets opened today, but despite this the British Pound to South African Rand (GBP/ZAR) exchange rate has been able to avoid significant losses as the South African Rand continues to see broad weakness of its own. Pound investors are becoming more concerned about rising Bank of England’s (BoE) interest rate cut bets, as well as the next phase of Brexit negotiations, which are heavily...

CATEGORIES: Pound Rand Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Soars as Risk-Off Market Moods Weighs on ‘Aussie’

28 Feb 2020 at 2 PM - Written by John Cameron

GBP/AUD Exchange Rate Rises by 1% as Coronavirus Fears Weaken Australian Dollar The Pound Australian Dollar (GBP/AUD) exchange rate soared by 1% today, with the pairing currently trading around AU$1.978 as the risk-sensitive ‘Aussie’ continues to struggle over fears of the coronavirus (Covid-19) weakening the global economy. The Government of Victoria, Australia, warned that it is estimated that ‘in a worst-case...

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Rises as Oil Prices Slump to One Year Low

28 Feb 2020 at 1 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Jumps as Oil Price The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate edged higher on Friday, leaving the pairing trading at around CA$1.7326. Friday saw oil prices plummeted to their lowest level in more than a year while prices were also set for the largest weekly fall in over four years. The spread of Covid-19 heightened fears global demand for oil will...

CATEGORIES: Pound Canadian Dollar Forecasts

Brexit and Strong Swedish Data Hits GBP to SEK Exchange Rate to Fortnight Worst

27 Feb 2020 at 2 PM - Written by James Fuller

After seeing relatively narrow movement for most of the week so far, the British Pound to Swedish Krona (GBP/SEK) exchange rate was knocked yesterday and continued to see notable losses today. The Swedish Krona is benefitting from the Pound’s losses on the latest hard Brexit fears, as today’s Swedish data has been fairly strong. GBP/SEK tumbled last week and could be on track to see yet another week of losses. After opening...

CATEGORIES: Pound Sterling Forecasts

Pound (GBP) Slumps against New Zealand Dollar (NZD) as Markets Anticipate a Disappointing March Budget

27 Feb 2020 at 2 PM - Written by John Cameron

Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Falls Ahead of March Budget The Pound Sterling New Zealand Dollar (GBP/NZD) exchange rate slumped on Thursday, leaving the pairing trading at around NZ$2.0378. The Pound suffered losses today against a handful of currencies as disappointment over March’s UK budget grew. Chancellor Rishi Sunak is unlikely to provide the fiscal stimulus that was expected,...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP to USD Exchange Rate Recovery Falters on Revived Brexit Jitters and Calming Fed Bets

26 Feb 2020 at 12 PM - Written by Tim Boyer

Yesterday’s plummet in the US Dollar in reaction to Federal Reserve speculation was ultimately short lived, and the British Pound to US Dollar (GBP/USD) exchange rate is once again under pressure today. As Pound investors finally begin to face reality on upcoming Brexit negotiations and Federal Reserve rate cut speculation softens for now, there may even be further losses ahead for the pair. Last week’s bearish GBP/USD...

CATEGORIES: Pound Dollar Forecasts

Pound Norwegian Krone (GBP/NOK) Exchange Rate Steady as Sterling Performs Well Amid Global Covid-19 Fears

26 Feb 2020 at 11 AM - Written by John Cameron

GBP/NOK Exchange Rate Rangebound, Could Sterling Sink on Brexit Jitters? The Pound to Norwegian Krone (GBP/NOK) exchange rate held at around 12.160kr this morning, with Sterling continuing to benefit from rising fears over the global spread of the coronavirus (Covid-19) as the UK remains relatively unscathed by the epidemic. Paul Meggysei, an analyst at JP Morgan, said that Sterling had continued to ‘perform...

CATEGORIES: Norwegian Krone Forecasts Pound Norwegian Krone Forecasts

GBP to USD Exchange Rate Surges as Coronavirus Fears Cause Federal Reserve Rate Cut Bets

25 Feb 2020 at 4 PM - Written by Ben Hughes

The US Dollar briefly saw a boost on Monday’s safe haven demand, but today the currency fell back, shedding Monday’s gains and making it easier for the British Pound to US Dollar (GBP/USD) exchange rate to advance. As the Pound lacks much drive, the pair is gaining more on coronavirus concerns and US Dollar weakness than any UK news such as data or Brexit developments. Sterling’s movement is mixed this week, but GBP/USD...

CATEGORIES: Pound Dollar Forecasts

Pound Swiss Franc (GBP/CHF) Exchange Rate Steady, Swiss Safe-Haven Threatened by Covid-15 Fears

25 Feb 2020 at 2 PM - Written by John Cameron

GBP/CHF Exchange Rate Rangebound as Coronavirus Fears Hit Switzerland The Pound Swiss Franc (GBP/CHF) exchange rate edged higher by 0.2% today, with the pairing currently trading around 1.268Fr after CHF was hit by rising fears over the spread of coronavirus (Covid-15) in Sweden’s neighbouring country Italy. Margaret Harris, the spokesperson for the World Health Organization, commented: ‘It would not be surprising if...

CATEGORIES: Pound Swiss Franc Forecasts Swiss Franc Forecasts