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Latest Currency News Continued - page 8

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Latest Currency News Headlines

Pound South African Rand Exchange Rate Rises, US-China Trade Uncertainty Weigh on South African Rand

7 Oct 2019 at 5 PM - Written by John Cameron

GBP/ZAR Exchange Rate Edges Higher, Global Political Uncertainties Drags Down Rand The Pound South African Rand (GBP/ZAR) exchange rate rose by 0.7% today, with the pairing currently trading around R18.667 after China removed key trade issues from the negotiation table with the US ahead of this week’s negotiations in Washington. As a result, the risk-sensitive ZAR plunged against Sterling. This follows news that China’s...

CATEGORIES: Pound Rand Forecasts South African Rand Forecasts

Pound Sterling US Dollar (GBP/USD) Exchange Rate Flat Ahead of US Non-Farms Payrolls

4 Oct 2019 at 10 AM - Written by John Cameron

Pound US Dollar (GBP/USD) Exchange Rate Left Muted Ahead of US Jobs Report The Pound Sterling US Dollar (GBP/USD) exchange rate remained muted and the pairing is currently trading at around $1.2335. The US Dollar was left muted against the Pound as investors awaited for September’s highly anticipated US non-farms payrolls. It is expected that job growth has likely picked up in September and wages have increased...

CATEGORIES: Pound Dollar Forecasts

EUR to GBP Exchange Rate Holds Ground despite German Recession Jitters

4 Oct 2019 at 9 AM - Written by Ben Hughes

Punctuating a week of poor Eurozone ecostats and fresh Brexit developments, the Euro and Pound are both highly week, and the Euro to British Pound (EUR/GBP) exchange rate is on track to end the week not too far from its opening levels as a result. With key Eurozone data due next week and the formal 31st of October Brexit date drawing ever closer, next week could be another jittery one for the European pair. After opening this...

CATEGORIES: Euro Pound Forecasts

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Rises on Boris Johnson’s ‘Compromise’ Brexit Plan

3 Oct 2019 at 5 PM - Written by John Cameron

Pound Australian Dollar (GBP/AUD) Exchange Rate Rises as Johnson Tries to ‘Bridge the Chasm’ With the EU The Pound Sterling Australian Dollar (GBP/AUD) exchange rate edged up and the pairing is currently trading at around AU$1.8378. The Pound edged up as Prime Minister Boris Johnson stated he has made a ‘genuine attempt to bridge the chasm’ to get a new Brexit deal with the EU. The ‘compromise’ would see...

CATEGORIES: Pound Australian Dollar Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Steady, UK Services PMI Contracts in September

3 Oct 2019 at 12 PM - Written by John Cameron

GBP/USD Exchange Rate Rangebound, Brexit and Global Slowdown Weighs on UK Services Sector The Pound US Dollar (GBP/USD) exchange rate held steady today, with the pairing currently trading around $1.230 following the release of September’s UK Markit Services PMI which fell unexpectedly into contraction territory from 50.6 to 49.5. Duncan Brock, Group Director at the Chartered Institute of Procurement and Supply, was downbeat:...

CATEGORIES: American Dollar Forecasts Pound Dollar Forecasts

GBP to EUR Exchange Rate Struggles to Hold its Ground as Boris Johnson’s Brexit Plans Fail to Impress

2 Oct 2019 at 4 PM - Written by Tim Boyer

Despite a lack of strong Eurozone data in recent sessions and continued concerns regarding a possible German recession and slowing Eurozone growth, the Euro has been fairly resilient today due to weakness in rivals, and the British Pound to Euro (GBP/EUR) exchange rate has trended lower. Following last week’s solid GBP/EUR drop from 1.1317 to 1.1233, GBP/EUR has seen more mixed movement this week so far. After attempting...

CATEGORIES: Pound Euro Forecasts

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Steady, Boris Johnson Outlines ‘Final’ Brexit Deal

2 Oct 2019 at 3 PM - Written by John Cameron

GBP/NZD Exchange Rate Rangebound, Markets Remain Cautious on New Brexit Deal Proposal The Pound New Zealand Dollar (GBP/NZD) exchange rate held steady at around NZ$1.968 today following Prime Minister Boris Johnson’s speech in which he outlined his ‘final’, ‘take it or leave it’, Brexit deal. Mr Johnson also said that the only alternative to the deal was a no-deal on October 31. He added: ‘That is not an...

CATEGORIES: New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Volatile as Markets Brace for Johnson’s Brexit Plan Reveal

2 Oct 2019 at 11 AM - Written by Frank Davies

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Softens in Anticipation of Johnson’s Brexit Proposal With EU officials widely expected to reject Boris Johnson’s ‘final offer’ on Brexit the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate remained under pressure. As supposed leaks of Johnson’s proposal for the Irish border have already faced rejection the potential for any imminent deal appears...

CATEGORIES: Pound Australian Dollar Forecasts

Pound Japanese Yen (GBP/JPY) Exchange Rate Sinks despite Japanese Manufacturing Sinking to a 6-Year Low

1 Oct 2019 at 5 PM - Written by John Cameron

GBP/JPY Exchange Rate Falls, Could the Japanese Yen Fall on US-China Trade Flare-Up? The Pound Japanese Yen (GBP/JPY) exchange rate eased by -0.5% today, with the pairing currently trading around ¥132.016 despite the Japanese manufacturing index falling to a six-year low in the third quarter, with the figure sinking from 7 to 5. Joe Hayes, Economist at IHS Markit, was downbeat in his assessment: ‘Japan continues to...

CATEGORIES: Japanese Yen Forecasts Pound Yen Forecasts

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Slides despite Canada’s Flat Economic Growth

1 Oct 2019 at 2 PM - Written by John Cameron

Pound Canadian Dollar (GBP/CAD) Exchange Rate Falls despite Stagnant Canada GDP The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate slumped and the pairing is currently trading at around CA$1.6240. The Canadian Dollar edged up despite data revealing Canada’s GDP growth for July unexpectedly remained flat. The data comes in the midst of the Canadian national election where economic issues have been at the...

CATEGORIES: Pound Canadian Dollar Forecasts