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Latest Currency News Continued - page 8

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 Appeal Limited as Boris Johnson Remains in Intensive Care

7 Apr 2020 at 3 PM - Written by Tim Boyer

The Pound’s period of resilience has come to an end for now, as the British Pound to Canadian Dollar (GBP/CAD) exchange rate has fallen. The Canadian Dollar isn’t benefitting as strongly from market risk-sentiment as some other major currencies, but it has been enough to keep pressure on the pair. The Pound’s weakness on domestic political anxiety has also played a part in the pair’s weakness this week so far. An...

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Pound Australian Dollar (GBP/AUD) Exchange Rate Falls as RBA Holds Interest Rates at Record Lows

7 Apr 2020 at 1 PM - Written by John Cameron

GBP/AUD Exchange Rate Falls as ‘Aussie’ Receives Risk-On Boost The Pound to Australian Dollar (GBP/AUD) exchange rate fell by -0.5% today after the ‘Aussie’ benefited from the Reserve Bank of Australia (RBA) leaving its interest rates untouched at a record-low of 0.25%. The pairing is currently trading around AU$1.98. Philip Lowe, the RBA’s Governor, was however dovish in his statement, predicting a rocky road ahead...

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Slowing Coronavirus Deaths Sends the Pound South African Rand (GBP/ZAR) Exchange Rate Lower

6 Apr 2020 at 3 PM - Written by John Cameron

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Falls as Risk Appetite Rises The Pound Sterling South African Rand (GBP/ZAR) exchange rate slumped by around -0.9% on Monday afternoon, trading at around R23.0433. The Pound was able to rebound against a handful of currencies on Monday after suffering some losses overnight following the announcement the Prime Minister had been hospitalised. Boris Johnson had been...

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Pound New Zealand Dollar (GBP/NZD) Exchange Rate Falls as ‘Kiwi’ Soars on Positive Risk Sentiment

6 Apr 2020 at 3 PM - Written by John Cameron

GBP/NZD Exchange Rate Sinks as Easing Covid-19 Cases Boost Risk Appetite The Pound to New Zealand Dollar (GBP/NZD) exchange rate fell by -0.9% today, with the pairing currently trading around NZ$2.07. The New Zealand Dollar (NZD) rose against its peers today because of an upwards surge in risk sentiment, with coronavirus cases leveling off both in Europe and China, while the US faces its ‘peak’ surge this week. Joshua...

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Euro to US Dollar Exchange Rate Falls as Eurozone Composite PMI Contracts

3 Apr 2020 at 3 PM - Written by John Cameron

EUR/USD Exchange Rate Sinks as Eurozone Economic Outlook Darkens The Euro to US Dollar (EUR/USD) exchange rate fell by -0.4% today after March’s Eurozone composite PMI report fell deeper into contraction territory than previously forecast, with the figure falling from 31.4 to 29.7. The pairing is currently trading around $1.07. Chris Williamson, the Chief Business Economist at HIS Markit, was downbeat in his assessment, and...

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Pound New Zealand Dollar (GBP/NZD) Exchange Rate Edges Higher as Investors Flock Back to Safety

3 Apr 2020 at 11 AM - Written by John Cameron

Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Rises as Coronavirus Weighs on Risk Appetite The Pound Sterling New Zealand Dollar (GBP/NZD) exchange rate edged around 0.3% higher, with the pairing trading at around NZ$2.1005. The New Zealand Dollar edged slightly lower against a handful of its rivals on Friday as investors await the US jobs data. This afternoon’s US non-farm payrolls will reveal just how bad the...

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EUR to GBP Exchange Rate Hits 3-Week-Worst amid EU’s Fissures over Coronavirus Stimulus

2 Apr 2020 at 4 PM - Written by Tim Boyer

Despite a lack of fresh support for the Pound today, the British currency continues to advance on rival weakness and the Euro to British Pound (EUR/GBP) exchange rate fell further. Demand for the Euro remains limited as investors become increasingly concerned about differences between EU leaders over the idea of EU-wide fiscal stimulus such as ‘coronabonds’. The Pound is gaining on rivals and overall market sentiment but its...

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Pound Swiss Franc (GBP/CHF) Exchange Rate Rises as Swiss Inflation Disappoints

2 Apr 2020 at 1 PM - Written by John Cameron

Pound Sterling Swiss Franc (GBP/CHF) Exchange Rate Rises on Weak Swiss Inflation The Pound Sterling Swiss Franc (GBP/CHF) exchange rate rallied on Thursday, leaving the pairing trading at around 1.2042Fr. As the number of coronavirus cases in Switzerland increase, the Franc remained under pressure and the pairing rose. Today’s inflation data revealed that Swiss consumer prices slumped by an annual rate of -0.5% in...

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Pound Canadian Dollar (GBP/CAD) Exchange Rate Rises as Tumbling Oil Prices Weaken ‘Loonie’

1 Apr 2020 at 4 PM - Written by John Cameron

GBP/CAD Exchange Rate Edges Higher, Sinking Oil Prices Drag Down CAD The Pound to Canadian Dollar (GBP/CAD) exchange rate rose by 0.6% today as tumbling oil prices continue to weigh on the oil-sensitive ‘Loonie. The pairing is currently trading around CA$1.757. Analysts at JBC Energy echoed Canadian Dollar investors’ concerns, saying: ‘Demand is falling so fast relative to supply that very soon many producers' main...

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Pound Canadian Dollar (GBP/CAD) Exchange Rate Rallies as Oil Prices Near 18-Year Low

1 Apr 2020 at 1 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate as Crude Oil Suffers Largest Quarterly Loss The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate rallied this morning, rising by around 1%. This left the pairing trading at around CA$1.7636. The oil-sensitive ‘Loonie’ suffered losses today after oil slumped to $25 a barrel, and was within sight of its lowest in 18 years. The slump in prices followed a US...

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