Currency News

Daily Exchange Rate Forecasts & Currency News

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

Disappointing German Construction PMI Causes Euro US Dollar (EUR/USD) Exchange Rate to Slide

6 Aug 2019 at 5 PM - Written by John Cameron

Euro US Dollar (EUR/USD) Exchange Rate Slides as German Construction PMI Falls into Contraction The Euro US Dollar (EUR/USD) exchange rate slumped and the pairing is currently trading at an inter-bank rate of $1.1196. This morning data revealed that German construction activity slumped for the first time in nine-months. The Euro slumped as the German construction PMI fell to 49.5 in July from a reading of 50 in June....

CATEGORIES: American Dollar Forecasts Euro Forecasts

GBP to JPY Exchange Rate Rebounds from Post-2016 Worst as Safe Haven Demand Cools

6 Aug 2019 at 5 PM - Written by James Fuller

Following Monday’s session, when the Pound was sold on rising no-deal Brexit fears and the Japanese Yen gained on safe haven demand, the British Pound to Japanese Yen (GBP/JPY) exchange rate rebounded and steadied today. Investors bought the pair back from its worst levels since 2016 in a bout of profit-taking, as fears of a full-blown currency war eased just slightly. GBP/JPY still remains significantly low compared to the...

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Pound Canadian Dollar (GBP/CAD) Exchange Rate Rises on Global Trade Turmoil and Lowering Oil Prices

6 Aug 2019 at 4 PM - Written by John Cameron

GBP/CAD Exchange Rate Edges Higher as Oil Fears Dampen Market Confidence in ‘Loonie’ The Pound Canadian Dollar (GBP/CAD) exchange rate rose by 0.4% today, leaving the pairing fluctuating around CA$1.613. The Canadian Dollar (CAD) fell against many of its competitors today as global trade tensions between the US and China have left ‘Loonie’ traders feeling jittery, as the Canadian economy is reliant on global trade....

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts Pound Sterling Forecasts

Pound Mexican Peso (GBP/MXN) Exchange Rate Soars as MXN Struggles on Heightened Risk Aversion

5 Aug 2019 at 5 PM - Written by John Cameron

GBP/MXN Exchange Rate Rises as Global Trade Tensions Reignite The Pound Mexican Peso (GBP/MXN) exchange rate soared by 1.44% today, leaving the pairing fluctuating around Mex$23.836. The Mexican Peso (MXN) plummeted against the Pound (GBP) following today’s publication of the Mexican consumer confidence figures for July, which fell below forecast from 106.1 to 105.1. The risk-correlated Mexican Peso plummeted as US-China...

CATEGORIES: Pound Sterling Forecasts

GBP to SEK Exchange Rate Pressured by Brexit Fears and Swedish Services PMI

5 Aug 2019 at 4 PM - Written by Ben Hughes

While the Swedish Krona’s movement was mixed last week, the British Pound to Swedish Krona (GBP/SEK) exchange rate has been unable to continue the recovery rally it saw towards the end of last week. This is because, despite some stronger than expected UK data today, the Pound outlook remains dominated by worsening no-deal Brexit fears while the Swedish Krona finds some modest support in the latest Swedish data. Last week saw...

CATEGORIES: Pound Sterling Forecasts

Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Rises despite ‘Smokescreen’ UK Services PMI Growth

5 Aug 2019 at 1 PM - Written by John Cameron

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Edged Up as UK Service PMI Jumps to Nine-Month High The Pound Sterling New Zealand (GBP/NZD) exchange rate rose, and the pairing is currently trading at an inter-bank rate of NZ$1.8666. On Monday, data showed UK business activity growth rose to a nine-month high. The UK services PMI edged up from near-stagnation in June to 51.4 in July, with the modest increase in the PMI...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Edges Higher as US-China Trade War Heats Up

2 Aug 2019 at 12 PM - Written by John Cameron

GBP/AUD Exchange Rate Rises as Donald Trump Announces Fresh Tariffs on Chinese Goods The Pound Australian Dollar (GBP/AUD) exchange rate rose today, leaving the pairing fluctuating around AU$1.786. The Australian Dollar (AUD) fell against the Pound (GBP) following US President Donald Trump’s announcement of fresh 10% tariffs on $300 billion of Chinese goods, further escalating the trade war between the two superpowers....

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts

BoE Governor Carney: ‘Profound Uncertainties’ Leave Pound Sterling Chinese Yuan (GBP/CNY) Exchange Rate Flat

1 Aug 2019 at 5 PM - Written by John Cameron

Pound Chinese Yuan (GBP/CNY) Exchange Remained Muted as BoE Leaves Rates Unchanged The Pound Sterling Chinese Yuan (GBP/CNY) exchange rate remained muted and the pairing is currently trading at an inter-bank rate of ¥8.3771. On Thursday, the Bank of England (BoE) policymakers voted unanimously to leave interest rates unchanged at 0.75%. However, the bank slashed its growth forecasts amid the growing risk of a no-deal...

CATEGORIES: Daily Currency Updates

GBP to CAD Exchange Rate Remains Near Post-2017 Worst as Canadian Manufacturing Rises

1 Aug 2019 at 4 PM - Written by Tim Boyer

The Canadian Dollar’s strong streak may be set to continue, as this week’s Canadian data has shown modest resilience and has played a part in keeping the British Pound to Canadian Dollar (GBP/CAD) exchange rate near its worst levels in over a year. The primary cause of losses has been no-deal Brexit fears hitting the Pound however. Since opening this week at the level of 1.6321, GBP/CAD has shed around three cents due to a...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Swedish Krona (GBP/SEK) Exchange Rate Sinks as Swedish Manufacturing PMI Stabilises

1 Aug 2019 at 12 PM - Written by John Cameron

GBP/SEK Exchange Rate Falls as UK Manufacturing PMI Remains in Contraction Territory The Pound Swedish Krona (GBP/SEK) fell by -0.5% today, leaving the pairing fluctuating around 11.700Kr. The Swedish Krona (SEK) rose against the Pound (GBP) following the publication of the Swedish Manufacturing PMI for July, which exceeded the forecast 50.5 easing and remained at 52. As Sweden’s manufacturing sector dominates a large...

CATEGORIES: Pound Sterling Forecasts