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More Currency Predictions Continued - page 27

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

GBP INR Exchange Rate Trends Tightly as UK Wage Squeeze Looms

16 May 2017 at 2 PM - Written by Minesh Chaudhari

STORY LINK GBP INR Exchange Rate Trends Tightly as UK Wage Squeeze Looms

UK data has devalued the Pound today, causing a tight trending in the GBP INR exchange rate. UK inflation rate figures have caused this downtrend, despite rising above forecasts from 2.3% to 2.7%. The rise in inflation comes at a time of glacial wage growth, which has raised fresh fears of a wage squeeze damaging UK economic growth....

CATEGORIES: Currency Predictions Pound Rupee Forecasts

GBP ZAR Exchange Rate Drops -0.8% on Fears of Growing UK Unemployment

15 May 2017 at 2 PM - Written by Toni Johnson

STORY LINK GBP ZAR Exchange Rate Drops -0.8% on Fears of Growing UK Unemployment

The GBP ZAR exchange rate has fallen to 17.10 today, which is the worst rate since late April. The sharp Pound to Rand downturn has largely been caused by pessimistic UK economic forecasts. One of the biggest has been EY Item Club’s estimate for UK unemployment. The group predicts UK unemployment to remain around 4.7% in 2017, but for...

CATEGORIES: Currency Predictions South African Rand Forecasts

GBP CAD Exchange Rate Trends Lower after Widened Trade Deficit and Muted BoE Meeting

12 May 2017 at 1 PM - Written by Toni Johnson

STORY LINK GBP CAD Exchange Rate Trends Lower after Widened Trade Deficit and Muted BoE Meeting

Confidence in the Pound was sharply dented by a raft of disappointing UK data, leaving the Pound Canadian Dollar exchange rate on a downtrend. Investors were not impressed to find that the UK visible trade deficit had widened further than forecast in March, clocking in at -13.44 billion rather than -11.6 billion. This highlighted the...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions

GBP AUD Exchange Rate Slumps as BoE Leave Rates Unchanged

11 May 2017 at 2 PM - Written by Toni Johnson

STORY LINK GBP AUD Exchange Rate Slumps as BoE Leave Rates Unchanged

The Pound Australian Dollar (GBP AUD) exchange rate tumbled this afternoon as the Bank of England (BoE) voted to leave interest rates on hold. When asked why the bank left rates at a record low of 0.25% despite robust inflation, BoE Governor Mark Carney responded that the level of stimulus was appropriate for the current situation and that...

CATEGORIES: Australian Dollar Forecasts Currency Predictions

GBP NZD Exchange Rate Slumps on Fresh Fears of Hard Brexit

8 May 2017 at 4 PM - Written by Ben Hughes

STORY LINK GBP NZD Exchange Rate Slumps on Fresh Fears of Hard Brexit

Sterling has traded at 1.87 against the New Zealand Dollar, down from a rate of 1.88 on May 7th. The only UK economic news on Monday has covered house prices; the Halifax price index reprinted growth on the year but showed no monthly change. More impactful has been the French Presidential election, which concluded with a landslide...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

EUR to USD Exchange Rate Could End Week Near Multi-Month Highs

5 May 2017 at 10 AM - Written by John Cameron

STORY LINK EUR to USD Exchange Rate Could End Week Near Multi-Month Highs

After fluctuating earlier in the week, the Euro to US Dollar exchange rate gained almost a cent on Thursday as markets reacted to a strong TV debate performance from pro-EU French Presidential candidate Emmanuel Macron. EUR/USD began this week trending at the level of 1.0896. After briefly hitting a low of 1.0876 on Thursday morning, the...

CATEGORIES: Currency Predictions Daily Currency Updates Euro Forecasts

GBP to NZD Exchange Rate Recovers from Lows on UK Data

3 May 2017 at 1 PM - Written by John Cameron

STORY LINK GBP to NZD Exchange Rate Recovers from Lows on UK Data

While the Pound put in a strong Tuesday recovery against most major rivals, the Pound to New Zealand Dollar exchange rate has trended more closely to its weekly lows this week due to strong New Zealand data and improving commodity news. GBP/NZD began the week trading at the level of 1.8860, but fell for the first half of the week. By...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

GBP to ZAR Exchange Rate Slips back from Weekly Highs

28 Apr 2017 at 2 PM - Written by John Cameron

STORY LINK GBP to ZAR Exchange Rate Slips back from Weekly Highs

After advancing for most of the week last week, the British Pound to South African Rand exchange rate slipped from its highs on Friday as the latest UK growth data was highly disappointing and painted a mixed outlook for Britain’s economy in 2017. GBP/ZAR began the week trending at the level of 16.8153. The pair surged in the latter half...

CATEGORIES: Currency Predictions Daily Currency Updates Poun Forecasts

GBP USD Exchange Rate Trades at 7-Month High despite Slowing UK Growth

28 Apr 2017 at 2 PM - Written by Frank Davies

STORY LINK GBP USD Exchange Rate Trades at 7-Month High despite Slowing UK Growth

With UK GDP failing to support Sterling, the UK currency has instead risen on a Bank of America Merill Lynch (BAML) forecast upgrade. This has pushed the Pound to 1.29 against the US Dollar. In a note to clients, BAML Currency Analyst Kamal Sharma said; ‘The announcement of a June 8th general election was a game-changing event for...

CATEGORIES: Currency Predictions Daily Currency Updates Poun Forecasts

GBP INR Exchange Rate Fluctuates Ahead of UK Growth Report

27 Apr 2017 at 11 AM - Written by James Fuller

STORY LINK GBP INR Exchange Rate Fluctuates Ahead of UK Growth Report

The Pound Indian Rupee (GBP INR) exchange rate continues to fluctuate this week ahead of the release of the UK’s Q1 GDP figures tomorrow. Economists expect that the UK’s economic growth is likely to have fallen at the start of 2017 as the consequences of Brexit finally begin to catch up, leading GDP to fall from 0.7% to 0.4% in the...

CATEGORIES: Currency Predictions Pound Rupee Forecasts

GBP INR Exchange Rate Trends Tightly as UK Wage Squeeze Looms

16 May 2017 at 2 PM - Written by Minesh Chaudhari

STORY LINK GBP INR Exchange Rate Trends Tightly as UK Wage Squeeze Looms

UK data has devalued the Pound today, causing a tight trending in the GBP INR exchange rate. UK inflation rate figures have caused this downtrend, despite rising above forecasts from 2.3% to 2.7%. The rise in inflation comes at a time of glacial wage growth, which has raised fresh fears of a wage squeeze damaging UK economic growth....

CATEGORIES: Currency Predictions Pound Rupee Forecasts

GBP ZAR Exchange Rate Drops -0.8% on Fears of Growing UK Unemployment

15 May 2017 at 2 PM - Written by Toni Johnson

STORY LINK GBP ZAR Exchange Rate Drops -0.8% on Fears of Growing UK Unemployment

The GBP ZAR exchange rate has fallen to 17.10 today, which is the worst rate since late April. The sharp Pound to Rand downturn has largely been caused by pessimistic UK economic forecasts. One of the biggest has been EY Item Club’s estimate for UK unemployment. The group predicts UK unemployment to remain around 4.7% in 2017, but for...

CATEGORIES: Currency Predictions South African Rand Forecasts

GBP CAD Exchange Rate Trends Lower after Widened Trade Deficit and Muted BoE Meeting

12 May 2017 at 1 PM - Written by Toni Johnson

STORY LINK GBP CAD Exchange Rate Trends Lower after Widened Trade Deficit and Muted BoE Meeting

Confidence in the Pound was sharply dented by a raft of disappointing UK data, leaving the Pound Canadian Dollar exchange rate on a downtrend. Investors were not impressed to find that the UK visible trade deficit had widened further than forecast in March, clocking in at -13.44 billion rather than -11.6 billion. This highlighted the...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions

GBP AUD Exchange Rate Slumps as BoE Leave Rates Unchanged

11 May 2017 at 2 PM - Written by Toni Johnson

STORY LINK GBP AUD Exchange Rate Slumps as BoE Leave Rates Unchanged

The Pound Australian Dollar (GBP AUD) exchange rate tumbled this afternoon as the Bank of England (BoE) voted to leave interest rates on hold. When asked why the bank left rates at a record low of 0.25% despite robust inflation, BoE Governor Mark Carney responded that the level of stimulus was appropriate for the current situation and that...

CATEGORIES: Australian Dollar Forecasts Currency Predictions

GBP NZD Exchange Rate Slumps on Fresh Fears of Hard Brexit

8 May 2017 at 4 PM - Written by Ben Hughes

STORY LINK GBP NZD Exchange Rate Slumps on Fresh Fears of Hard Brexit

Sterling has traded at 1.87 against the New Zealand Dollar, down from a rate of 1.88 on May 7th. The only UK economic news on Monday has covered house prices; the Halifax price index reprinted growth on the year but showed no monthly change. More impactful has been the French Presidential election, which concluded with a landslide...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

EUR to USD Exchange Rate Could End Week Near Multi-Month Highs

5 May 2017 at 10 AM - Written by John Cameron

STORY LINK EUR to USD Exchange Rate Could End Week Near Multi-Month Highs

After fluctuating earlier in the week, the Euro to US Dollar exchange rate gained almost a cent on Thursday as markets reacted to a strong TV debate performance from pro-EU French Presidential candidate Emmanuel Macron. EUR/USD began this week trending at the level of 1.0896. After briefly hitting a low of 1.0876 on Thursday morning, the...

CATEGORIES: Currency Predictions Daily Currency Updates Euro Forecasts

GBP to NZD Exchange Rate Recovers from Lows on UK Data

3 May 2017 at 1 PM - Written by John Cameron

STORY LINK GBP to NZD Exchange Rate Recovers from Lows on UK Data

While the Pound put in a strong Tuesday recovery against most major rivals, the Pound to New Zealand Dollar exchange rate has trended more closely to its weekly lows this week due to strong New Zealand data and improving commodity news. GBP/NZD began the week trading at the level of 1.8860, but fell for the first half of the week. By...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

GBP to ZAR Exchange Rate Slips back from Weekly Highs

28 Apr 2017 at 2 PM - Written by John Cameron

STORY LINK GBP to ZAR Exchange Rate Slips back from Weekly Highs

After advancing for most of the week last week, the British Pound to South African Rand exchange rate slipped from its highs on Friday as the latest UK growth data was highly disappointing and painted a mixed outlook for Britain’s economy in 2017. GBP/ZAR began the week trending at the level of 16.8153. The pair surged in the latter half...

CATEGORIES: Currency Predictions Daily Currency Updates Poun Forecasts

GBP USD Exchange Rate Trades at 7-Month High despite Slowing UK Growth

28 Apr 2017 at 2 PM - Written by Frank Davies

STORY LINK GBP USD Exchange Rate Trades at 7-Month High despite Slowing UK Growth

With UK GDP failing to support Sterling, the UK currency has instead risen on a Bank of America Merill Lynch (BAML) forecast upgrade. This has pushed the Pound to 1.29 against the US Dollar. In a note to clients, BAML Currency Analyst Kamal Sharma said; ‘The announcement of a June 8th general election was a game-changing event for...

CATEGORIES: Currency Predictions Daily Currency Updates Poun Forecasts

GBP INR Exchange Rate Fluctuates Ahead of UK Growth Report

27 Apr 2017 at 11 AM - Written by James Fuller

STORY LINK GBP INR Exchange Rate Fluctuates Ahead of UK Growth Report

The Pound Indian Rupee (GBP INR) exchange rate continues to fluctuate this week ahead of the release of the UK’s Q1 GDP figures tomorrow. Economists expect that the UK’s economic growth is likely to have fallen at the start of 2017 as the consequences of Brexit finally begin to catch up, leading GDP to fall from 0.7% to 0.4% in the...

CATEGORIES: Currency Predictions Pound Rupee Forecasts

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