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Latest Currency News Continued - page 8

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Latest Currency News Headlines

Pound Australian Dollar Exchange Rate Dips, RBA Holds Interest Rate amid Downside Risks

3 Dec 2019 at 10 AM - Written by John Cameron

GBP/AUD Exchange Rate Eases, RBA Holds Interest Rates The Pound Australian Dollar (GBP/AUD) exchange rate eased this morning, with the pairing currently trading around AU$1.893 after the Reserve Bank of Australia (RBA) held its interest rate decision at 0.75%. RBA Governor Philip Lowe, however, was downbeat in his outlook, commenting that risks to Australia’s economy were ‘still tilted to the downside’. Mr Lowe also...

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts

Pound Canadian Dollar Exchange Rate Steady, US-China Trade Uncertainty Weighs on ‘Loonie’

2 Dec 2019 at 4 PM - Written by John Cameron

GBP/CAD Exchange Rate Rangebound, Canadian Manufacturing PMI Improves The Pound Canadian Dollar (GBP/CAD) exchange rate held steady today, with the pairing currently trading around CA$1.718 after Canada’s Markit manufacturing PMI for November expanded at its fastest pace in nine months. Tim Moore, Economists Associate Director at IHS Markit, commented: ‘The manufacturing sector has started to find its feet again after...

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

GBP to JPY Exchange Rate Trending Near 6-Month-Best amid Risk-Sentiment

2 Dec 2019 at 3 PM - Written by Tim Boyer

Despite the latest signs that Britain could still be headed for a hung Parliament at next week’s 2019 UK General Election, the British Pound to Japanese Yen (GBP/JPY) exchange rate was able to hold its ground relatively closely to its best levels for most of today. While the Pound was being pressured by UK political uncertainty, the safe haven Japanese Yen was sliding amid the latest hopes that the global trade outlook was...

CATEGORIES: Pound Yen Forecasts

Pound New Zealand Dollar Exchange Rate Dips, US-China Trade Developments in Focus

29 Nov 2019 at 2 PM - Written by John Cameron

GBP/NZD Exchange Rate Falls, US-China Trade Deal Optimism Boosts ‘Kiwi’ The Pound New Zealand Dollar (GBP/NZD) exchange rate dipped by -0.3% today, with the pairing currently trading around NZ$2.005. The ‘Kiwi’ continues to benefit from rising hopes over a ‘Phase One’ US-China trade deal by the end of the year, despite rising tensions between the two superpowers. This follows US President Donald Trump’s...

CATEGORIES: New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts

Pound South African Rand (GBP/ZAR) Exchange Rate Slides as South African Trade Delivers Surprise Surplus

29 Nov 2019 at 2 PM - Written by Frank Davies

Stronger South African Trade Dents Pound Sterling South African Rand (GBP/ZAR) Exchange Rate The Pound Sterling to South African Rand (GBP/ZAR) exchange rate saw a sharp slump ahead of the weekend after a better-than-expected South African balance of trade. As the trade balance only narrowed to 3.09 billion, rather than falling into a state of deficit as forecast, this encouraged the South African Rand to trend higher across...

CATEGORIES: Pound Rand Forecasts

GBP to AUD Exchange Rate Slips from Best Post-Referendum Levels amid Lack of Fresh Support

29 Nov 2019 at 11 AM - Written by Tim Boyer

While the British Pound to Australian Dollar (GBP/AUD) exchange rate has advanced this week, it has not been able to hold too close to the pair’s best levels in years. Instead, the latest mixed UK confidence stats, as well as lingering hopes that US-China trade relations can still improve, left the pair trending slightly lower before markets closed for the week. For the time being, investors are awaiting UK political...

CATEGORIES: Pound Australian Dollar Forecasts

GBP to USD Exchange Rate Slips from Highs but Dollar Strength Limited

28 Nov 2019 at 3 PM - Written by Toni Johnson

Due to a combination of lingering UK election uncertainty and yesterday’s strong US data, the British Pound to US Dollar (GBP/USD) exchange rate has struggled to hold its best weekly levels. However, the pair is still trending strongly overall thanks to the latest UK election polls, as well as fresh US-China trade uncertainties weighing on the US Dollar. Looking ahead, the pair’s potential for further gains may be...

CATEGORIES: Pound Dollar Forecasts

Pound Euro (GBP/EUR) Exchanger Rate Flat as YouGov Predicts Comfortable Tory Majority

28 Nov 2019 at 12 PM - Written by John Cameron

Pound Sterling Euro (GBP/EUR) Exchange Rate Touches Near Seven-Month High The Pound Sterling Euro (GBP/EUR) exchange rate remained muted on Thursday, leaving the pairing trading at around €1.1729. Last night, YouGov released its seat-by-seat predictions for the UK general election which offered Sterling some support. This allowed the Pound to briefly touch near seven-month highs against both the Euro and US Dollar...

CATEGORIES: Pound Euro Forecasts

Pound New Zealand Dollar Exchange Rate Steady, ‘Kiwi’ ‘Marooned’ as Markets Eye US-China Trade Developments

27 Nov 2019 at 2 PM - Written by John Cameron

GBP/NZD Exchange Rate Rangebound, US-China Trade Deal ‘Imminent’ The Pound New Zealand Dollar (GBP/NZD) exchange rate held steady today, with the pairing currently trading around NZ$2.004 with a US-China trade deal being reported as ‘imminent’ ahead of Beijing’s upcoming policy meeting. The risk-sensitive New Zealand Dollar (NZD), however, failed to gain on the stronger Pound today, with Martin Rudings, an adviser...

CATEGORIES: New Zealand Dollar Forecasts Pound New Zealand Dollar Forecasts

GBP to AUD Exchange Rate Jumps as Westpac Predicts Further RBA Rate Cuts in 2020

27 Nov 2019 at 1 PM - Written by James Fuller

A lack of demand for the Australian Dollar in recent sessions has meant that it has been unable to push the British Pound to Australian Dollar (GBP/AUD) back further from gains seen at the beginning of the week. While the Pound outlook is volatile amid UK election polling uncertainties, the Australian Dollar saw fresh weakness today in reaction to predictions from the Westpac bank about what the Reserve Bank of Australia (RBA)...

CATEGORIES: Pound Australian Dollar Forecasts