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Latest Currency News Continued - page 9

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Latest Currency News Headlines

Canadian Earnings Jump to 15-Month High as Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Left Flat

25 Jul 2019 at 4 PM - Written by John Cameron

Pound Canadian Dollar (GBP/CAD) Exchange Rate Muted despite Canadian Earnings Rising at Fastest Rate in 15-Months The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate remained flat and the pairing is currently trading at an inter-bank rate of CA$1.6395. On Thursday afternoon data revealed that Canada’s average weekly earnings rose by 3.4% in May. This was the highest annual increase since February 2018, which...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Australian Dollar Exchange Rate News: GBP/AUD Steadies as Boris Johnson’s Cabinet Cull Stokes Election Speculation

25 Jul 2019 at 12 PM - Written by John Cameron

Pound (GBP) Exchange Rates Flat on General Election Speculation The Pound (GBP) is currently traded in a narrow rage against the Australian Dollar (AUD) and the majority of its other peers on Thursday as markets digested Boris Johnson’s first day in office as UK Prime Minister. Sterling accelerated throughout much of Wednesday’s trading session as Theresa May handed over power to Johnson, but began to stall later in...

CATEGORIES: Pound Australian Dollar Forecasts

Pound South African Rand (GBP/ZAR) Exchange Rate Improves as South African Inflation Dips

24 Jul 2019 at 4 PM - Written by John Cameron

GBP/ZAR Exchange Rate Edges Higher as SA Economic Growth Forecast is Slashed by IMF The Pound South African Rand (GBP/ZAR) edged higher today, leaving the paring trading around R17.386. The South African Rand (ZAR) failed to make any gains on the Pound (GBP) despite encouraging year-on-year South African Consumer Price Index data for June. Figures rose above the forecast 4.4%, instead improving at 4.5%. Month-on-month...

CATEGORIES: Pound Rand Forecasts South African Rand Forecasts

GBP to AUD Exchange Rate Rebounds despite Brexit Fears, as Reserve Bank of Australia Rate Cut Bets Rise

24 Jul 2019 at 3 PM - Written by James Fuller

Despite persisting fears that Britain could be headed for a worst-case scenario no-deal Brexit outcome under a new government led by Brexiteer Boris Johnson, the British Pound to Australian Dollar exchange rate has seen a solid rebound this week so far. This has also been partially due to weakness in the Australian Dollar, which is falling on Reserve Bank of Australia (RBA) interest rate cut bets. Last week saw no-deal Brexit...

CATEGORIES: Pound Australian Dollar Forecasts

Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Rises despite NZ Exports to China up 27%

24 Jul 2019 at 3 PM - Written by John Cameron

Pound New Zealand Dollar (GBP/NZD) Exchange Rate Rises despite Wider than Expected NZ Trade Surplus The Pound Sterling New Zealand Dollar (GBP/NZD) exchange rate rose by around 0.4%, and the pairing is currently trading at an inter-bank rate of NZ$1.8607. On Wednesday data revealed that the New Zealand trade surplus was wider than forecast in June, rising by $365 million. Stats NZ showed exports were buoyed by logs and...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound Norwegian Krone (GBP/NOK) Exchange Rate Rises as Boris Johnson Succeeds Theresa May as PM

23 Jul 2019 at 5 PM - Written by John Cameron

GBP/NOK Exchange Rate Increases despite Brexit Jitters on New PM Announcement The Pound Norwegian Krone (GBP/NOK) exchange rate exchange rose today, leaving the pairing fluctuating around 10.811. The Pound (GBP) edged higher against the Norwegian Krone (NOK) following the announcement that Boris Johnson, the former Foreign Secretary, would succeed Theresa May as the next Prime Minister of the UK. Boris Johnson won against...

CATEGORIES: Norwegian Krone Forecasts Pound Norwegian Krone Forecasts

Newly Elected PM Boris Johnson Buoys Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate

23 Jul 2019 at 3 PM - Written by John Cameron

Pound New Zealand Dollar (GBP/NZD) Exchange Rate rises despite Newly Elected PM Boris Johnson Makes No-Deal More Likely The Pound Sterling New Zealand Dollar (GBP/NZD) exchange rate rose and the pairing is currently trading at an inter-bank rate of NZ$1.8565. On Tuesday, frontrunner in the Conservative Leadership contest Boris Johnson was announced as the next Tory leader. Boris Johnson defeated Jeremy Hunt by gaining...

CATEGORIES: Pound New Zealand Dollar Forecasts

Fears UK has Slipped into a Recession Leaves Euro Pound Sterling (EUR/GBP) Exchange Rate Muted

22 Jul 2019 at 5 PM - Written by John Cameron

Euro Pound (EUR/GBP) Exchange Rate Flat as Chaotic No-Deal Brexit to Cause ‘Severe Downturn’ The Euro Pound Sterling (EUR/GBP) exchange rate was left flat and the pairing is currently trading at an inter-bank rate of £0.8980. On Monday, the National Institute of Economic and Social Research (NIESR) released a new set of gloomy forecasts. The think tank revealed that the planned exit from the European Union may have...

CATEGORIES: Euro Pound Forecasts

Pound Turkish Lira (GBP/TRY) Exchange Rate Rises as US-Imposed Sanctions Weigh on Turkish Economy

22 Jul 2019 at 5 PM - Written by John Cameron

GBP/TRY Exchange Rate Edges Higher as Turkey Hits Back on US Sanctions Threat The Pound Turkish Lira (GBP/TRY) exchange rate rose by 0.3% today, leaving the pairing fluctuating around ₺7.097. The Turkish Lira (TRY) has recovered from some of its losses against the Pound (GBP) following Turkish President Erdogan’s firing of the Central Bank of Turkey’s (CBRT) Governor Murat Çetinkaya earlier this month. However,...

CATEGORIES: Pound Sterling Forecasts Turkish Lira Forecasts

GBP to AUD Exchange Rate Remains Near 2019 Worst despite Sterling’s Recovery Attempt

19 Jul 2019 at 5 PM - Written by Ben Hughes

While the Pound saw a strong rebound from its worst levels against many major currencies towards the end of the week, the British Pound to Australian Dollar (GBP/AUD) exchange rate’s recovery was limited. The Australian Dollar remained relatively resilient despite Reserve Bank of Australia (RBA) interest rate cut bets, as the latest Australian data has not had much impact on Australia’s economic outlook. After opening this...

CATEGORIES: Pound Australian Dollar Forecasts