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Latest Currency News Continued - page 7

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 USD Exchange Rate Plummets as Safe Haven Demand Leads to USD Surge

24 Feb 2020 at 3 PM - Written by James Fuller

Amid a lack of notable Brexit developments in recent sessions, the British Pound to US Dollar (GBP/USD) exchange rate has been more easily driven by a strong US Dollar today. Market concerns over the coronavirus returned in full force today, after weekend news showed that the virus had seen a worse spread through Italy than expected. While last week’s UK data was strong, investors had little reason to buy the Pound...

CATEGORIES: Pound Dollar Forecasts

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Flat as Covid-19 Takes ‘Control’ Again

24 Feb 2020 at 2 PM - Written by John Cameron

Pound Sterling New Zealand Dollar (GBP/NZD) Muted as Coronavirus Death Toll Nears 2,600 The Pound Sterling New Zealand Dollar (GBP/NZD) exchange rate remained flat, trading at around NZ$2.0404. The New Zealand Dollar remained flat amidst growing concern about the spread of Covid-19 as other countries such as South Korea, Italy and Iran began to battle outbreaks. The outbreaks resulted in lockdowns and travel...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound Swiss Franc (GBP/CHF) Exchange Rate Steady as UK Manufacturing PMI Rises in February

21 Feb 2020 at 2 PM - Written by John Cameron

GBP/CHF Exchange Rate Rangebound as Brexit Uncertainty Haunts UK Markets The Pound Swiss Franc (GBP/CHF) exchange rate held steady today, with the pairing currently trading around 1.268fr following the release of the Markit services PMI for February, which fell came in at a strong 53.3, while the manufacturing PMI beat forecasts and rose to 51.9. Tim Moore, the Associate Director at IHS Markit, was upbeat in his analysis,...

CATEGORIES: Pound Swiss Franc Forecasts Swiss Franc Forecasts

GBP to USD Exchange Rate Edges Away from 2020 Lows as UK PMIs Beat Forecasts

21 Feb 2020 at 12 PM - Written by Minesh Chaudhari

This week’s slew of impressive UK ecostats have not been enough to stop the British Pound to US Dollar (GBP/USD) exchange rate from slumping, as Brexit uncertainties persist and the US Dollar sees strong gains in reaction to global growth speculation. Still, strong UK data did help the Pound to recover from its worst levels and the US Dollar rally is running out of steam, so the pair is edging higher today. After opening this...

CATEGORIES: Pound Dollar Forecasts

GBP to ZAR Exchange Rate Kept Volatile by Coronavirus Jitters

20 Feb 2020 at 3 PM - Written by Ben Hughes

While the Pound continued to tumble against many major currencies today, the British Pound to South African Rand (GBP/ZAR) exchange rate has been able to avoid significant losses. The South African Rand remains broadly unappealing overall due to concerns about South Africa’s economic outlook, even as the currency finds support in some market demand for riskier currencies today. Risk-sentiment is limited as well, and markets...

CATEGORIES: Pound Rand Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Rises as Australian Unemployment Increases in January

20 Feb 2020 at 10 AM - Written by John Cameron

GBP/AUD Exchange Rate Edges Higher as RBA Rate Cut Odds Rise The Pound Australian Dollar (GBP/AUD) exchange rate rose by 0.7% today, with the pairing currently trading around AU$1.948 after Australia’s unemployment shot up to 5.3% in January, leaving ‘Aussie’ investors jittery on the prospect of another interest rate cut from the Reserve Bank of Australia (RBA). Robert Thompson, a Macro Rates Strategist at Capital...

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Dips as Rising Oil Prices Boost ‘Loonie’

19 Feb 2020 at 5 PM - Written by John Cameron

GBP/CAD Exchange Rate Sinks as ‘Loonie’ Rises on Lull in Coronavirus Fears The Pound Canadian Dollar (GBP/CAD) exchange rate dipped by -0.3%, with the pairing currently trading around CA$1.716 after Canada’s inflation report for January beat forecasts and rose from 0% to 0.3%, while the year-on-year figure also increased by 2.4%. Analysts at Reuters commented: ‘Gasoline prices surged 11.2% year-over-year… as oil...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound US Dollar Exchange Rate News: GBP/USD Struggles to Sustain $1.30 despite Rebound in UK Inflation

19 Feb 2020 at 11 AM - Written by John Cameron

Pound (GBP) Falters in spite of Solid Increase in Inflation The Pound (GBP) is trading on the back foot against the US Dollar (USD) and the majority of its other peers this morning, in spite of a stronger-than-expected UK consumer price index (CPI). According to data published by the Office for National Statistics (ONS), UK inflation soared to 1.8% in January, a six-month high. This was up from a three-year low of 1.3% in...

CATEGORIES: Pound Dollar Forecasts

GBP to AUD Exchange Rate Advances as Reserve Bank of Australia Leaves Door Open for Rate Cut

18 Feb 2020 at 5 PM - Written by Toni Johnson

Even with Australian data decent recently, the Australian Dollar has seen a volatile few weeks due to persisting market concerns over a coronavirus outbreak, and this is making it easier for the British Pound to Australian Dollar (GBP/AUD) exchange rate to sustain gains. The Pound is benefitting from weakness in rivals, as well as rising market optimism over Britain’s upcoming budget presentation. The Australian Dollar has also...

CATEGORIES: Pound Australian Dollar Forecasts

Euro Pound (EUR/GBP) Exchange Rate Sinks as German Economic Sentiment Falls in February

18 Feb 2020 at 4 PM - Written by John Cameron

EUR/GBP Exchange Rate Falls as German Economic Outlook Darkens The Euro Pound (EUR/GBP) exchange rate fell by -0.4% today, with the pairing currently trading around £0.829 after Germany’s ZEW survey of economic sentiment for February plummeted below forecasts from 26.7 to 8.7. ZEW President Achim Wambach was downbeat in his analysis, commenting: ‘The feared negative effects of the coronavirus epidemic in China on world...

CATEGORIES: Euro Forecasts Euro Pound Forecasts Pound Euro Forecasts