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Currency Predictions

A round up of the latest currency predictions from the Currency News desk.

GBP NZD Slides on Disappointing S&P Assessment of UK Economy

5 Oct 2017 at 2 PM - Written by John Cameron

STORY LINK GBP NZD Slides on Disappointing S&P Assessment of UK Economy

The Pound New Zealand Dollar exchange rate fell today on the threat of a possible Conservative leadership challenge and a disappointing assessment of the UK’s economy by ratings agency Standard & Poor’s (S&P). S&P Insists UK Economy Not Strong Enough to Warrant Rate Hike – GBP Stumbles The S&P ratings agency has asserted that it...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

GBP CAD Slides as Construction in the UK Contracts

3 Oct 2017 at 3 PM - Written by John Cameron

STORY LINK GBP CAD Slides as Construction in the UK Contracts

The Pound Canadian Dollar exchange rate stumbled today as markets reacted to a disappointing UK Markit construction PMI and revelations from the current Conservative Party Conference in Manchester. UK Construction Contracts for the First Time in Over a Year – GBP Devalued Britain’s construction sector contracted for the first time...

CATEGORIES: Currency Predictions Pound Canadian Dollar Forecasts

The Euro Exchange Rate Ticks Higher Ahead of Key Fed Policy Meeting

18 Sep 2017 at 11 AM - Written by John Cameron

STORY LINK The Euro Exchange Rate Ticks Higher Ahead of Key Fed Policy Meeting

The euro to dollar exchange rate is maintaining a positive bias on Monday 18th September, quoted at 1.19607 during the European session. EUR/USD is slightly unstable at the start of this week’s session as markets look towards the Federal Reserve’s policy meeting later this week. US Dollar (USD) Volatile in Face of Fed Meeting...

CATEGORIES: American Dollar Forecasts Currency Predictions Euro Forecasts

Could GBP NZD Exchange Rate Extend its Gains Further on More Hawkish BoE Commentary?

17 Sep 2017 at 5 PM - Written by John Cameron

STORY LINK Could GBP NZD Exchange Rate Extend its Gains Further on More Hawkish BoE Commentary?

Ahead of the weekend the Pound to the New Zealand Dollar exchange rate made strong gains in response to the latest commentary from the Bank of England (BoE). Investors were encouraged to pile into the Pound in the wake of the BoE’s meeting minutes, even though policymakers still voted 7-2 in favour of leaving interest rates...

CATEGORIES: Currency Predictions New Zealand Dollar Forecasts Pound Ne Forecasts

5-Day Pound to Canadian Dollar Rate Outlook - Deputy Gov Tim Lane Speech and Canadian Inflation Report Ahead

16 Sep 2017 at 4 PM - Written by John Cameron

STORY LINK 5-Day Pound to Canadian Dollar Rate Outlook - Deputy Gov Tim Lane Speech and Canadian Inflation Report Ahead

The pound to Canadian dollar exchange rate rallied to within touching distance of a one-month-high last week after the BofE caused a surge in sterling crosses. Over the last seven days, GBP/CAD advanced from around 1.6041 to near 1.65. On Friday, GBP/CAD briefly hit a one-month-high of 1.6563. Valentin Marinov, Head of G10 FX Strategy...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Pound Canad Forecasts

Two-Month Best Pound to Australian Dollar Rate Could Improve but AUD Driven by US Rates, FED

16 Sep 2017 at 3 PM - Written by John Cameron

STORY LINK Two-Month Best Pound to Australian Dollar Rate Could Improve but AUD Driven by US Rates, FED

The Pound to Australian Dollar exchange rate traded at the best price in two months last week, entering the weekend quoted at 1.69854. Analysts at Credit Agricole, in a piece highlighting the keythemes & trades this week, suggest "further currency upside risk cannot be ruled out should incoming data make a case for it." The Australian...

CATEGORIES: Australian Dollar Forecasts Currency Predictions Pound Aus Forecasts

Near-Term Pound to NZ Dollar Forecast: The GBP-NZD Could Find Itself Continuing to Climb

11 Sep 2017 at 5 PM - Written by Tim Boyer

STORY LINK Near-Term Pound to NZ Dollar Forecast: The GBP-NZD Could Find Itself Continuing to Climb

The Pound to New Zealand Dollar exchange rate is struggling to maintain the daily opening levels today, quoted at £1 = NZD$1.81223 (-0.18pct) ahead of the European open. GBP/NZD began the trading week fluctuating in the build up to tonight’s EU repeal bill vote. British parliament will vote tonight on the EU Withdrawal Bill (also...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

Pound to Australian Dollar Rate Tests 1.65 Handle as GBP Firms Before UK Inflation Data

10 Sep 2017 at 11 AM - Written by John Cameron

STORY LINK Pound to Australian Dollar Rate Tests 1.65 Handle as GBP Firms Before UK Inflation Data

The British pound to Australian dollar exchange rate is just below the 1.65 handle as UK traders await the latest inflation data release today. GBP/AUD is quoted at 1.64199 on Tuesday, September 12 (08:30 GMT) ahead of the day's key release (see live data here) "Sterling is up slightly ahead of today’s inflation data and Thursday’s...

CATEGORIES: Australian Dollar Forecasts Currency Predictions Pound Aus Forecasts

Canadian Dollar Outperforms the British Pound, Euro and US Dollar as "CAD Retains Strong Technical, Fundamental Undertone"

10 Sep 2017 at 11 AM - Written by David Woodsmith

STORY LINK Canadian Dollar Outperforms the British Pound, Euro and US Dollar as "CAD Retains Strong Technical, Fundamental Undertone"

"The CAD has risen more than 11% against the USD. Too much, too quickly? Possibly; CAD may steady in the short run but there is no real sign of valuation stretch in the decline in USDCAD at this point. Our high-frequency fair value model suggests a fundamental equilibrium of 1.1920 or so for USDCAD currently, which largely reflects the yield/...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Pound Canad Forecasts

Euro Pound Sterling (EUR GBP) Crashes on Robust GDP Estimate

8 Sep 2017 at 4 PM - Written by Frank Davies

STORY LINK Euro Pound Sterling (EUR GBP) Crashes on Robust GDP Estimate

The Euro Pound exchange rate has tumbled today in the wake of a run of positive UK data releases and an optimistic UK GDP estimate from NIESR. The National Institute of Economic and Social Research (NIESR) released its latest monthly GDP estimate today, which listed growth of 0.4% in the three months to August. This is notably better...

CATEGORIES: Currency Predictions Euro Pound Forecasts

GBP NZD Slides on Disappointing S&P Assessment of UK Economy

5 Oct 2017 at 2 PM - Written by John Cameron

STORY LINK GBP NZD Slides on Disappointing S&P Assessment of UK Economy

The Pound New Zealand Dollar exchange rate fell today on the threat of a possible Conservative leadership challenge and a disappointing assessment of the UK’s economy by ratings agency Standard & Poor’s (S&P). S&P Insists UK Economy Not Strong Enough to Warrant Rate Hike – GBP Stumbles The S&P ratings agency has asserted that it...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

GBP CAD Slides as Construction in the UK Contracts

3 Oct 2017 at 3 PM - Written by John Cameron

STORY LINK GBP CAD Slides as Construction in the UK Contracts

The Pound Canadian Dollar exchange rate stumbled today as markets reacted to a disappointing UK Markit construction PMI and revelations from the current Conservative Party Conference in Manchester. UK Construction Contracts for the First Time in Over a Year – GBP Devalued Britain’s construction sector contracted for the first time...

CATEGORIES: Currency Predictions Pound Canadian Dollar Forecasts

The Euro Exchange Rate Ticks Higher Ahead of Key Fed Policy Meeting

18 Sep 2017 at 11 AM - Written by John Cameron

STORY LINK The Euro Exchange Rate Ticks Higher Ahead of Key Fed Policy Meeting

The euro to dollar exchange rate is maintaining a positive bias on Monday 18th September, quoted at 1.19607 during the European session. EUR/USD is slightly unstable at the start of this week’s session as markets look towards the Federal Reserve’s policy meeting later this week. US Dollar (USD) Volatile in Face of Fed Meeting...

CATEGORIES: American Dollar Forecasts Currency Predictions Euro Forecasts

Could GBP NZD Exchange Rate Extend its Gains Further on More Hawkish BoE Commentary?

17 Sep 2017 at 5 PM - Written by John Cameron

STORY LINK Could GBP NZD Exchange Rate Extend its Gains Further on More Hawkish BoE Commentary?

Ahead of the weekend the Pound to the New Zealand Dollar exchange rate made strong gains in response to the latest commentary from the Bank of England (BoE). Investors were encouraged to pile into the Pound in the wake of the BoE’s meeting minutes, even though policymakers still voted 7-2 in favour of leaving interest rates...

CATEGORIES: Currency Predictions New Zealand Dollar Forecasts Pound Ne Forecasts

5-Day Pound to Canadian Dollar Rate Outlook - Deputy Gov Tim Lane Speech and Canadian Inflation Report Ahead

16 Sep 2017 at 4 PM - Written by John Cameron

STORY LINK 5-Day Pound to Canadian Dollar Rate Outlook - Deputy Gov Tim Lane Speech and Canadian Inflation Report Ahead

The pound to Canadian dollar exchange rate rallied to within touching distance of a one-month-high last week after the BofE caused a surge in sterling crosses. Over the last seven days, GBP/CAD advanced from around 1.6041 to near 1.65. On Friday, GBP/CAD briefly hit a one-month-high of 1.6563. Valentin Marinov, Head of G10 FX Strategy...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Pound Canad Forecasts

Two-Month Best Pound to Australian Dollar Rate Could Improve but AUD Driven by US Rates, FED

16 Sep 2017 at 3 PM - Written by John Cameron

STORY LINK Two-Month Best Pound to Australian Dollar Rate Could Improve but AUD Driven by US Rates, FED

The Pound to Australian Dollar exchange rate traded at the best price in two months last week, entering the weekend quoted at 1.69854. Analysts at Credit Agricole, in a piece highlighting the keythemes & trades this week, suggest "further currency upside risk cannot be ruled out should incoming data make a case for it." The Australian...

CATEGORIES: Australian Dollar Forecasts Currency Predictions Pound Aus Forecasts

Near-Term Pound to NZ Dollar Forecast: The GBP-NZD Could Find Itself Continuing to Climb

11 Sep 2017 at 5 PM - Written by Tim Boyer

STORY LINK Near-Term Pound to NZ Dollar Forecast: The GBP-NZD Could Find Itself Continuing to Climb

The Pound to New Zealand Dollar exchange rate is struggling to maintain the daily opening levels today, quoted at £1 = NZD$1.81223 (-0.18pct) ahead of the European open. GBP/NZD began the trading week fluctuating in the build up to tonight’s EU repeal bill vote. British parliament will vote tonight on the EU Withdrawal Bill (also...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

Pound to Australian Dollar Rate Tests 1.65 Handle as GBP Firms Before UK Inflation Data

10 Sep 2017 at 11 AM - Written by John Cameron

STORY LINK Pound to Australian Dollar Rate Tests 1.65 Handle as GBP Firms Before UK Inflation Data

The British pound to Australian dollar exchange rate is just below the 1.65 handle as UK traders await the latest inflation data release today. GBP/AUD is quoted at 1.64199 on Tuesday, September 12 (08:30 GMT) ahead of the day's key release (see live data here) "Sterling is up slightly ahead of today’s inflation data and Thursday’s...

CATEGORIES: Australian Dollar Forecasts Currency Predictions Pound Aus Forecasts

Canadian Dollar Outperforms the British Pound, Euro and US Dollar as "CAD Retains Strong Technical, Fundamental Undertone"

10 Sep 2017 at 11 AM - Written by David Woodsmith

STORY LINK Canadian Dollar Outperforms the British Pound, Euro and US Dollar as "CAD Retains Strong Technical, Fundamental Undertone"

"The CAD has risen more than 11% against the USD. Too much, too quickly? Possibly; CAD may steady in the short run but there is no real sign of valuation stretch in the decline in USDCAD at this point. Our high-frequency fair value model suggests a fundamental equilibrium of 1.1920 or so for USDCAD currently, which largely reflects the yield/...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Pound Canad Forecasts

Euro Pound Sterling (EUR GBP) Crashes on Robust GDP Estimate

8 Sep 2017 at 4 PM - Written by Frank Davies

STORY LINK Euro Pound Sterling (EUR GBP) Crashes on Robust GDP Estimate

The Euro Pound exchange rate has tumbled today in the wake of a run of positive UK data releases and an optimistic UK GDP estimate from NIESR. The National Institute of Economic and Social Research (NIESR) released its latest monthly GDP estimate today, which listed growth of 0.4% in the three months to August. This is notably better...

CATEGORIES: Currency Predictions Euro Pound Forecasts

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