GBP EUR Could Head Lower After Growth Revisions

Three Key Events in a Vital 72 hours for GBPEUR and GBPUSD Exchange Rates

The beginning of this week in the UK was very sombre with Her Majesty’s funeral and a UK Bank Holiday. This meant UK markets were shut, and ensured a fairly sleepy start to the week from a currency perspective, with sterling still nestling in the doldrums following the poor Retail Sales data from last week. The rest of this week looks far from calm however, with three key events that could trigger market movements for the pound, US dollar, Euro and many other currencies. The...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

Sterling exchange rates continue to slide – How low can the pound go?

Sterling exchange rates have seen further losses against both Euro and Dollar over the course of the trading week, as investors and speculators alike have made it clear there is a lack of confidence in the Pound at present. With the cost of living crisis bearing down on the UK economy and a prolonged recession on the cards we have started to witness a move away from the pound and it appears that it is being treated much more like a riskier currency rather than...
Pound to US Dollar Exchange Rate Rebounds as Boris Heads to Brussels to Break Brexit Deadlock

Pound to Euro: Sterling Strength as Brexit Talks Resume

The pound has started the week off well and truly on the front foot against all major currencies; sterling has seen the biggest daily jump against euro for two months, with interbank levels for pound to euro sat above 1.1250 at the time of writing. With a market move of over 0.85% during yesterday’s trading those that have been waiting for the moment to secure a euro purchase will have had a promising day, but what could we see happen next for sterling exchange...
GBPNZD Exchange Rate: New Zealand Dollar Gains Over Sterling as Coronavirus Cases Dwindle

GBPNZD Exchange Rate: New Zealand Dollar Gains Over Sterling as Coronavirus Cases Dwindle

The New Zealand Dollar has made some significant gains against the Pound due to large drop in coronavirus cases and a very successful containment problem. This gives the New Zealand economy a good chance to get back on its feet. The New Zealand Dollar is usually considered one of the riskier currencies, but in current circumstances it is faring well. Sterling is not the destination of choice in times of global economic uncertainty due to the difference in the amount we import compared to...
GBP NZD Forecast: UK Business Confidence Hits Sterling Exchange Rates

GBP NZD Forecast: UK Business Confidence Hits Sterling Exchange Rates

The considerable drop in confidence amongst business leaders across the UK as reported by Lloyd’s during yesterday afternoon’s trading has seen the pound weaker against it’s commodity-based counterparts, the New Zealand Dollar included. The Kiwi has managed to chip away at sterling which was forced to retreat from the multi-year highs we saw last week with GBPNZD falling down to the 2.07s from 2.10 when looking at interbank rates of exchange (GBP -1.35% against the NZD). Indeed, Lloyd’s business confidence index hit -3%, it’s...
Pound to New Zealand Dollar Forecast: RBNZ Governor Orr signals, “We are ready to act further”

Pound to New Zealand Dollar Forecast: RBNZ Governor Orr signals, “We are ready to...

Following the Bank of England’s (BoE’s) emergency move to cut rates to an all-time low of 0.1% and £200bn quantitative easing package, the Reserve Bank of New Zealand (RBNZ) Governor, Adrian Orr penned an article for the Sunday Star Times newspaper over the weekend, saying “we are ready to act further, with more firepower in reserve to keep the financial taps turned on.” “Some people will lose their jobs, some firms will go out of business, while other businesses will thrive over time and new...
Pound to New Zealand Dollar Forecast: RBNZ Governor Orr signals, “We are ready to act further”

New Zealand Dollar: NZ Dollar Freefalls in Asian Markets as Panic Sell-off Continues

Heading towards the end of the trading week, the story remains much of the same for New Zealand. The NZ dollar sank as much as five US cents over the past 24 hours as panic selling and a flock to USD took place with futures market pointing to yet another sell-off on Wall Street. Against the British pound, NZD fell from 49.19 to 48.05. Investors continue to fret at the domestic currency now sits at levels unseen since the depths of the global financial...
New Zealand Dollar Exchange Rate: Investors Flee Leaving NZD Behind

New Zealand Dollar Exchange Rate: Investors Flee Leaving NZD Behind

Into the middle of the trading week, the New Zealand dollar has fared no better over today’s Asian trading session. The Kiwi currency is still struggling to overcome the pressure put on it by the coronavirus crisis. The drop in NZD came as investors began as foreign investors cashed in their holdings in a flight to safety over the worsening state of the global pandemic. The kiwi was trading at 59.60 US cents at 5pm in Wellington, off the day's low at 59.13 -...
New Zealand Dollar Outlook: NZD Rises Following Support Package From RBNZ

New Zealand Dollar Outlook: NZD Rises Following Support Package From RBNZ

Heading into Tuesday, the New Zealand dollar finally looks to be heading in the right direction after an appalling display during 2020 thanks to the coronavirus outbreak. The Kiwi has remained under pressure throughout the whole of the year as market risk plummeted, bringing the risk-sensitive NZD with it. However, the New Zealand government pledged a business continuity package this week, which has been welcomed by business groups and economist. Reassurance was given as this only marks the first battle in the war on...
GBPNZD Exchange Rate: New Zealand Dollar Gains Over Sterling as Coronavirus Cases Dwindle

New Zealand Dollar: NZD Falls as Central Banks Slash Rates to Fight Coronavirus Damage

The New Zealand dollar remains under heavy pressure moving into the new trading week. With the coronavirus still the number one priority in world news, NZD traders are struggling to see the light at the end of the tunnel for the struggling risk-correlated currency. Monday’s Asian trading session saw the NZ dollar fall against the greenback but gained against the Australian dollar after a very volatile day after being shifted at nearly every angle by unexpected local and offshore central bank moves aimed at...