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Latest Currency News Continued - page 7

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Latest Currency News Headlines

GBP to EUR Exchange Rate Sold from Highs as Bank of England (BoE) Speculation Cools

19 Sep 2017 at 1 PM - Written by Toni Johnson

September’s Bank of England (BoE) meeting minutes and following speeches from BoE policymakers helped the British Pound to Euro exchange rate to surge, but the BoE Governor, Mark Carney, has since taken a more cautious stance again. Last week saw GBP/EUR surge from 1.0963 to around 1.1377 due to BoE news. The pair briefly touched on a two-month-high of 1.1390. Since yesterday however, the pair has slipped and currently trends...

CATEGORIES: Pound Euro Forecasts

GBP NZD Exchange Rate Falls as Traders Question BoE Rate Hike Odds

19 Sep 2017 at 12 PM - Written by Tim Boyer

Yesterday saw the Pound open trading against the New Zealand Dollar in the region of 1.8623. By the close of daily trading, the Pound lost ground slightly to come in at 1.8605. Pound Loses Ground on Lower Hopes of UK Interest Rate Hike In a dramatic change of fortune for the Pound, the UK currency has dropped by -0.6% against the New Zealand Dollar. This follows major gains at the end of the previous week, which were...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP USD Stumbles in Anticipation of BoE Carney’s Speech

18 Sep 2017 at 4 PM - Written by Ben Hughes

The Pound US Dollar exchange rate stumbled this morning as traders reacted to last week’s positive US inflation figures and grew increasingly cautious before today’s speech from Bank of England (BoE) Governor Mark Carney in Washington DC. US Inflation Proves Positive, Prospect for Hawkish September Fed Meeting Increases The US Dollar was bolstered last week by the release of some robust inflation figures and the...

CATEGORIES: Pound Dollar Forecasts

Outlook for the GBP AUD Exchange Rate: Pound Sterling Sell-off as Foreign Exchange Markets Cool

18 Sep 2017 at 1 PM - Written by Ben Hughes

The pound to Australian dollar exchange rate has fallen back from last week's best conversion levels as sterling was sold-off across the markets. Amid a lack of demand for risk-correlated currencies, GBP/AUD easily surged last week as investors digested an unexpectedly hawkish tone from the Bank of England (BoE). The ‘Aussie’ has also been limp due to a cautious Reserve Bank of Australia (RBA). The Australian...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Pound Aus Forecasts

The Euro Exchange Rate Ticks Higher Ahead of Key Fed Policy Meeting

18 Sep 2017 at 11 AM - Written by John Cameron

The euro to dollar exchange rate is maintaining a positive bias on Monday 18th September, quoted at 1.19607 during the European session. EUR/USD is slightly unstable at the start of this week’s session as markets look towards the Federal Reserve’s policy meeting later this week. US Dollar (USD) Volatile in Face of Fed Meeting The US Dollar is fluctuating at the start of this week’s session as markets await the...

CATEGORIES: American Dollar Forecasts Currency Predictions Euro Forecasts

Could GBP NZD Exchange Rate Extend its Gains Further on More Hawkish BoE Commentary?

17 Sep 2017 at 5 PM - Written by John Cameron

Ahead of the weekend the Pound to the New Zealand Dollar exchange rate made strong gains in response to the latest commentary from the Bank of England (BoE). Investors were encouraged to pile into the Pound in the wake of the BoE’s meeting minutes, even though policymakers still voted 7-2 in favour of leaving interest rates unchanged. The unexpectedly hawkish nature of the minutes, which noted that some tightening of...

CATEGORIES: Currency Predictions New Zealand Dollar Forecasts Pound Ne Forecasts

5-Day Pound to Canadian Dollar Rate Outlook - Deputy Gov Tim Lane Speech and Canadian Inflation Report Ahead

16 Sep 2017 at 4 PM - Written by John Cameron

The pound to Canadian dollar exchange rate rallied to within touching distance of a one-month-high last week after the BofE caused a surge in sterling crosses. Over the last seven days, GBP/CAD advanced from around 1.6041 to near 1.65. On Friday, GBP/CAD briefly hit a one-month-high of 1.6563. Valentin Marinov, Head of G10 FX Strategy and his team said "domestic developments are likely to be the main driver of CAD in the...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Pound Canad Forecasts

Two-Month Best Pound to Australian Dollar Rate Could Improve but AUD Driven by US Rates, FED

16 Sep 2017 at 3 PM - Written by John Cameron

The Pound to Australian Dollar exchange rate traded at the best price in two months last week, entering the weekend quoted at 1.69854. Analysts at Credit Agricole, in a piece highlighting the keythemes & trades this week, suggest "further currency upside risk cannot be ruled out should incoming data make a case for it." The Australian dollar "continues to be strongly driven by US rates and any perceived dovishness on the...

CATEGORIES: Australian Dollar Forecasts Currency Predictions Pound Aus Forecasts

Pound Sterling Forecast to Rise vs US Dollar as BoE Vlieghe Acknowledges 'Growing Need for Near-Term Rate Hike'

15 Sep 2017 at 4 PM - Written by Frank Davies

The pound to dollar exchange rate ended the week at the best levels since the EU Referendum vote last year. Cable is quoted at 1.35925 on Saturday, September 16. GBP/USD continued to climb on Friday as Bank of England (BoE) member Gertjan Vlieghe unexpectedly expressed hawkish sentiment. GBP Surges as BoE Vlieghe Claims that Rate Hike Could be Warranted Vlieghe, traditionally regarded as a dovish member of the Monetary...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Pound Dol Forecasts

The Euro to Dollar Exchange Rate Forecast: "Above 1.1990/00 Turns Near-Term Outlook More Bullish"

15 Sep 2017 at 3 PM - Written by Tim Boyer

"EUR/USD price action may have formed a base in the mid/upper 1.18s yesterday, suggesting that spot’s corrective drift lower from last week’s peak near 1.21 is complete. Gains through minor trend resistance at 1.1930 (now minor support). The EUR has a little more work to do in order to gain more appreciably; above 1.1990/00 turns the nearterm outlook more bullish, we feel." Shaun Osborne, Scotiabank Over Thursday’s...

CATEGORIES: American Dollar Forecasts Daily Currency Updates Euro Forecasts