Weak Risk Appetite Offers Support to Pound Australian Dollar Exchange Rate
Risk appetite faltered once again in the wake of a weaker-than-expected Chinese consumer price index, boosting the Pound Australian Dollar exchange rate. This weighed heavily on the appeal of the...
View ArticleDaily Update: Pound Sterling (GBP) Bearish after Last Week’s Negative Trade Data
GBP: Sterling Still Reeling from Last Week’s Negative Data Prints The Pound has begun this week edging away from last week’s negative trade data induced lows. Notably, Friday saw the announcement that...
View ArticleSpeculation over BoE and ECB Policy Outlook Drives Pound Euro Exchange Rate...
Ahead of the latest commentary from members of the Bank of England (BoE) Monetary Policy Committee (MPC) the mood towards the Pound improved somewhat. Investors are particularly interested to gauge the...
View ArticlePound US Dollar Outlook Depends on Central Bank Comments
After firming earlier in the day, the Pound US Dollar exchange rate tumbled towards the end of Tuesday’s European session. GBP USD hit a low of 1.2837, its worst level since late June. The Bank of...
View ArticleDaily Update: GBP Sturdy vs. EUR, USD before BoE Speeches
GBP: Pound Sterling Climbs in Anticipation of Today’s BoE Speeches The Pound has rallied this morning, shrugging off yesterday’s Brexit news regarding the future status of EU citizens and rising in...
View ArticlePound Australian Dollar Exchange Rate Slips Lower as UK Wage Growth Remains...
The latest comments from Bank of England (BoE) deputy governor Ben Broadbent sent the Pound into a sharp slump, with the chances of an imminent interest rate hike diminishing sharply. Markets were...
View ArticlePound New Zealand Dollar Advances as UK Wage Growth Beats Expectations
The Pound New Zealand Dollar exchange rate has been unable to hold its best gains this week, but still remains above the week’s opening levels due to New Zealand Dollar weakness and slightly...
View ArticlePound Canadian Dollar Outlook Lower as Bank of Canada (BOC) Hikes Interest Rates
Wednesday saw the Bank of Canada (BOC) hike Canadian interest rates for the first time in seven years, justifying recent market excitement surrounding the ‘Loonie’ and leaving the GBP CAD outlook...
View ArticlePound Euro (GBP EUR) Forecast Gloomy as BoE Rate Hike Hopes Diminish
GBP EUR This week has been a turbulent one for the Pound to Euro exchange rate, particularly with Sterling still reeling from last week’s spate of negative data. The Pound was, however, finally...
View ArticleLess Hawkish Fed Speak Encourages Pound US Dollar Exchange Rate Rally
Comments from notoriously hawkish Bank of England (BoE) policymaker Ian McCafferty helped to boost the Pound, even though an August interest rate hike still looks unlikely. While McCafferty’s continued...
View ArticleEuro US Dollar Exchange Rate Struggles to Hold Ground on ECB Uncertainty
Despite market concerns that the Federal Reserve may have to slow the pace of its policy adjustment due to underwhelming US inflation, the Euro US Dollar exchange rate has been unable to hold advances...
View ArticlePound to New Zealand Dollar Forecast: BoE Rate Hike could see GBP NZD Rate Soar
The Pound has been unsettled lately by contrasting views from Bank of England (BoE) officials. In the future, Sterling has a chance of rallying against the New Zealand Dollar if the BoE votes to raise...
View ArticleGBP/CAD Climbs after Yesterday’s Rate Hike Induced Plummet
After a great deal of anticipation the Bank of Canada (BoC) officially raised interest rates yesterday by a quarter point to 0.75%. This was the BoC’s first rate hike in 7 years and, as expected, it...
View ArticleEuro Edges Higher Against US Dollar on ECB Speculation
The Euro’s gains against the US Dollar have been limited this week despite lower bets that the Federal Reserve could hike US interest rates a third time before the end of 2017. This is because EUR USD...
View ArticleUK and NZ Inflation Data Set to Provoke Pound New Zealand Dollar Exchange...
A moderate dip in the New Zealand manufacturing PMI helped to boost the Pound New Zealand Dollar exchange rate ahead of the weekend. Investors were disappointed to find that the manufacturing sector...
View ArticleGBP/EUR Exchange Rate Steadies before UK Inflation
GBP/EUR Forecast Remains Positive – Rally Steadies as Trading Week Comes to an End The Pound continued to recover against the Euro yesterday, reaching a weekly high after hawkish comments from Bank of...
View ArticleNeutral RBA Minutes Forecast to Boost Pound Australian Dollar Exchange Rate
Better-than-expected Rightmove house price figures helped to set the Pound Australian Dollar exchange rate on an uptrend at the start of the week. With the UK housing market still demonstrating some...
View ArticleEuropean Central Bank (ECB) Uncertainty Leaves Euro Pound Outlook Murky
As Brexit jitters took hold of Pound investors, the Euro Pound exchange rate edged higher towards the end of Monday’s European session. EUR GBP was trending in the region of 0.8782 at the time of...
View ArticleDaily Update: Pound (GBP) Exchange Rates Steady before UK Inflation Figures
GBP: Pound Climbs Friday as Brexit Talks Progress The Pound climbed against most of the majors on Friday as markets responded to the British government’s new conciliatory progress with Brexit and the...
View ArticleUS Dollar to Pound Forecast: Trump’s Tax Plans could Cause USD Crash
The US Dollar has recently advanced to a rate of 0.7659 against the Pound. Despite this, the USD remains vulnerable to the implementation of tax proposals by the US government. US Dollar Crash Possible...
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