GBP EUR Fluctuates as EU Brexit Plan Published
The GBP EUR exchange rate was marred by increased volatility on Friday as the European Union released its draft guidelines for Brexit negotiations. The guidelines, announced by European Council...
View ArticleCould Strong Eurozone PMIs Improve the Euro to Pound Outlook?
Monday saw the publication of Manufacturing PMIs for the Eurozone and Britain, which slightly improved the Euro to Pound exchange rate after last week’s decline. EUR GBP ended last week at the level of...
View ArticlePound Rupee Forecast: Will Sterling Drop If Brexit Impacts Business...
The Pound has slipped against the Indian Rupee recently and could be in for greater losses if Brexit takes a toll on UK business opportunities. When it comes to future Pound demand, Sterling may flop...
View ArticleHow important are This Week’s PMI Stats to Long-Term GBP EUR Exchange Rates?
Monday and Tuesday saw the Pound to Euro exchange rate fall back from its 1.17 highs due to underwhelming UK PMI results and rising fears that Britain’s services sector had also experienced an...
View ArticleCould GBP AUD Exchange Rate Return to a Downtrend on Softer UK Services PMI?
As the UK manufacturing and construction PMIs both fell short of forecast in March the Pound came under renewed pressure. The disappointing data raised concerns that the domestic economy was beginning...
View ArticlePound Rand Forecast: Will Zuma Confidence Vote Remove Rand-Damaging President?
The Pound has made rapid gains against the Rand recently, climbing from 16.77 to 17.31 over April 2nd to April 4th. While ZAR weakness has enabled these gains, the Pound may drop if it looks like ‘hard...
View ArticleEuro to Pound to Focus on Political Jitters Long-Term as Domestic Economic...
The Euro to Pound exchange rate dropped sharply from its weekly highs on Wednesday as the day’s UK data came as a pleasant surprise for Sterling investors. EUR GBP continued to trend in the region of...
View ArticleIs Pound New Zealand Dollar Movement Dependent on Brexit ‘Transition Deal’?
The Pound to New Zealand Dollar exchange rate has been close to its best rates on the year recently, but remains vulnerable to shocks from the Brexit process. As well as the UK’s final ‘end agreement’...
View ArticlePound to Rouble Exchange Rate Shored up By Persistent Oil Glut Worries
After slumping in response to underwhelming manufacturing and construction PMIs the Pound rallied on a better-than-expected result from the service sector. As services account for roughly 80% of...
View ArticleHow do the Latest FOMC Meeting Minutes Affect GBP USD Exchange Rate Forecasts?
The latest meeting minutes from the Federal Open Market Committee (FOMC) held a surprise for GBP USD traders. GBP USD exchange rates are modestly higher than before the minutes were released, trading...
View ArticleGBP/NZD Exchange Rate to Remain Near Best Levels
The Pound to New Zealand Dollar exchange rate has edged higher this week and hit its best level in months. However, due to concerns about Britain’s economic outlook the pair has struggled with key...
View ArticleGBP EUR Subdued as Markets Await Trump-Xi Meeting
The Pound Euro (GBP EUR) exchange rate is holding relatively steady this morning as investors tread cautiously ahead of a meeting between US president Donald Trump and his Chinese counterpart Xi...
View ArticleHow will the GBP/AUD Exchange Rate React to the UK’s Trade Outlook?
The Pound has steadily risen against the Australian Dollar over the current week, but could be in for upsets if UK trade missions fail to bear fruit. Recent UK trade news has seen a flurry of activity...
View ArticlePoor Trade and Industry Data Rounds off Gloomy Week for Pound Exchange Rates
Another choppy week for Pound Sterling saw the UK currency hit by economic worries as market focus returned to the latest data following the recent triggering of Article 50 and the official beginning...
View ArticleGBP/EUR Forecast: Will Move Towards ‘Hard Brexit’ Shatter Pound Sterling?
The Pound is set to close the week at 1.17 against the Euro, although a sudden drop in the GBP/EUR currency pair is still possible. As well as being dragged down by a string of negative UK data...
View ArticlePound US Dollar Exchange Rate Slumped as Widening UK Trade Deficit Exposed...
The mood towards the Pound soured further in the wake of a fresh raft of disappointing UK data, raising questions over the health of the domestic economy. Industrial production and construction output...
View ArticleGBP/AUD Forecast: Could UK Inflation Pressure BoE Enough to Cause Pound to...
The Pound took advantage of risk-averse market movement throughout Monday’s European session and as a result the Pound to Australian Dollar exchange rate looked to end Monday in the region of 1.65. UK...
View ArticleCould Weaker UK Inflation Prompt Pound Euro Exchange Rate Weakness?
Demand for the Pound picked up at the start of the week, in spite of the disappointing nature of Friday’s raft of trade and production data. February’s unexpectedly widened trade deficit raised...
View ArticleGBP USD Exchange Rate Recovery Undermined by Weak Spending Growth
The Pound US Dollar (GBP USD) exchange rate’s attempts to mount a recovery this morning have been hampered by reports that UK consumer spending slowed in the first quarter of 2017. According to data...
View ArticlePound Australian Dollar Exchange Rate Falters Ahead of UK Wage Data
Although UK inflation held steady at 2.3% on the year in March this was not enough to encourage particular confidence in the Pound. Coupled with a sharp contraction in the latest British Retail...
View Article