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Latest Currency News Continued - page 9

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

Pound Euro (GBP/EUR) Exchange Rate Rises as Eurozone’s Inflation Falls in March

31 Mar 2020 at 3 PM - Written by John Cameron

GBP/EUR Exchange Rate Edges Higher, Eurozone ‘Coronabonds’ Divide Sparks EU Fears The Pound to Euro (GBP/EUR) exchange rate rose by 0.7% today, with the pairing currently trading around £1.129. The Euro (EUR) following this afternoon’s release of the Eurozone’s preliminary core inflation report for March, which fell to a worse-than-expected 1%, while headline inflation fell from 1.2% to 0.7%. Bert Colijn, ING’s...

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Pound South African Rand (GBP/ZAR) Exchange Rate Rises as Rand Receives Moody’s Downgrade

30 Mar 2020 at 12 PM - Written by John Cameron

GBP/ZAR Exchange Rate Edges Higher as Risk-Off Markets Weaken Rand The Pound South African Rand (GBP/ZAR) exchange rate rose by 0.7% today after the credit ratings firm Moody’s downgraded the South African currency to ‘junk’ status. The pairing is currently trading around R22.075. Bianca Botes, a treasury partner at Peregrine Treasury Solutions, commented: ‘The decision by Moody’s could not have come at a worse...

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Pound Euro (GBP/EUR) Exchange Rate Edges Higher as German Recession Inevitable

30 Mar 2020 at 12 PM - Written by John Cameron

Pound Sterling Euro (GBP/EUR) Exchange Rate Rises as German Recession Inevitable The Pound Sterling Euro (GBP/EUR) exchange rate edged higher today, leaving the pairing trading at around €1.1198. The single currency remained under pressure today, as Germany’s council of advisors warned that output in the country could shrink by up to 5.4% this year. They also noted that the outbreak has made a recession in the...

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Pound Australian Dollar (GBP/AUD) Exchange Rate Benefits from Chinese Factory Profits Slump

27 Mar 2020 at 4 PM - Written by Frank Davies

Global Growth Worries Bolster Pound Australian Dollar (GBP/AUD) Exchange Rate Fresh concerns over the global growth outlook helped to keep the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate on a positive footing ahead of the weekend. As Chinese factory profits saw their largest slump on record in the first two months of the year this stoked renewed anxiety over the health of the wider global economy. This put...

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GBP to ZAR Exchange Rate Continues Advances despite UK PM Boris Johnson Contracting Coronavirus

27 Mar 2020 at 12 PM - Written by Toni Johnson

Investors continued to buy the British Pound to South African Rand (GBP/ZAR) exchange rate through the end of the week. The Pound continued to benefit from the market’s slightly stronger demand for riskier assets, but the Rand failed to capitalise at all. This is due to signs that South Africa is struggling with the coronavirus outbreak, combined with general concern over the health of South Africa’s economic outlook....

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Pound Canadian Dollar (GBP/CAD) Exchange Rate Benefits from Lack of BoE Action

26 Mar 2020 at 4 PM - Written by Frank Davies

Lack of Bank of England Action Supports Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate The Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate found some support in the wake of the Bank of England’s (BoE) scheduled March policy meeting. While the BoE issued a fresh warning over the outlook of the UK economy this failed to weigh on the Pound during trade on Thursday. As markets had not expected to see any...

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Pound US Dollar (GBP/USD) Exchange Rate Jumps as US Jobless Claims Skyrocket by Over Three Million

26 Mar 2020 at 3 PM - Written by John Cameron

Pound Sterling US Dollar (GBP/USD) Exchange Rate Rallies as US Jobless Figures Rise to Record High The Pound Sterling US Dollar (GBP/USD) exchange rate rallied this afternoon, trading at around 1.7% higher. This left the pairing trading at around $1.2031. The US Dollar suffered significant losses today after US jobless figures rose by a higher-than-expected 3.283 million in just a week. The coronavirus pandemic caused...

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GBP to EUR Exchange Rate Rebounds as Markets Show Signs of Stability

25 Mar 2020 at 4 PM - Written by Ben Hughes

The market is experiencing a rebound in demand for riskier assets this week, and this is helping the British Pound to Euro (GBP/EUR) exchange rate to recover a little more solidly from its recent lows. However, signs of improving fiscal action in the Eurozone is keeping the Euro fairly appealing, and overall the Pound’s appeal remains limited. The latest movements in markets are largely due to impressive stimulus news from the...

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Pound Australian Dollar (GBP/AUD) Exchange Rate Slumps as US ‘Fiscal Bazooka’ Boosts Risk Appetite

25 Mar 2020 at 3 PM - Written by John Cameron

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Falls as US Stimulus Bill Buoys Risk Appetite The Pound Sterling Australian Dollar (GBP/AUD) exchange rate slumped by around 0.4% this afternoon, leaving the pairing trading at around AU$1.9654. The risk-sensitive Australian Dollar received an upswing of support today, after US senators and the Trump administration reached an agreement on a huge economic stimulus bill...

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Pound US Dollar (GBP/USD) Exchange Rate Rises as US Fed Reveals ‘Bazooka’ Stimulus Package

24 Mar 2020 at 4 PM - Written by John Cameron

GBP/USD Exchange Rate Edges Higher, Fed Outlines ‘Bazooka’ Stimulus Package The Pound US Dollar (GBP/USD) exchange rate rose by 1% today after yesterday saw the US Federal Reserve unveil its essentially unlimited quantitative easing program to support the US economy. The pairing is currently fluctuating around $1.172. Jingyi Pan, a market strategist at IG, commented: ‘Certainly, the Fed’s latest round of support...

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