Australian Dollar Rises After Home Loan Data Beats Predictions as GBP Shows Resilience

Economists Predict a Break for AUD Whilst GBP Softens After Hectic Year

News for the upcoming week is suggesting that the Australian Dollar is primed for a break to a fresh 22-week high, but this momentum has been slowed mainly due to the fading liquidity. The uncertainties surrounding interest rates for AUD in 2020 are still present and causing concern for some investors. Meanwhile, for GBP, it has seen a softening after a rollercoaster year that has been dominated by the Brexit news and the General Election. With the GE over and an EU withdrawal plan...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

Pound Euro Forecast – will the Pound fall further against the Euro next week?

Tory Leadership battle heats up The Pound has had one of its most quiet weeks of 2019 against the Euro. Sterling appears to have been adopting a wait and see approach vs the single currency. This weekend the Tory leadership battle will start to heat up. Ballot papers have been issued to the 160,000 Tory members across the UK. The vote will close on 22nd July and the new Prime Minister will be announced the following day. The likely winner at the moment appears to be Boris Johnson. However, as...
Pound to US Dollar rates influenced by political uncertainty in the UK

Pound Euro rates impacted by political uncertainty

Six month high selling Euros The Pound Euro rate is currently close to its lowest level all year. This is great news for anyone looking to sell Euros into Pounds. However, it is very concerning for anyone looking to convert Pounds into Euros. The political landscape in the UK is very unsettled and we are now just three weeks from finding out the next Tory Prime Minister. The clear favourite appears to be Boris Johnson but things could still change. Boris has been questioned a number of...
Pound Edges up vs the Euro and When Should I Buy Euros?

Brexit update and the impact on the pound

With the news that Brexit has been extended until October 2019 there are rumours circulating that the UK could even look at asking for a further extension when they meet at the next EU summit due to be held in June. As we have passed the original deadline of 29th March I think we could see further extensions and ultimately in the end I could even see Brexit being cancelled at some point in the future. If we see a potential change in attitude towards...
GBP to USD Rate Continues March Higher

GBP to USD rates: Sterling is boosted by hopes of a no-deal Brexit being...

The pound to US dollar (GBP/USD) exchange rate spiked last night, after news that MPs voted against a 'no-deal Brexit' yesterday. At the highest point this morning we have seen GBP/USD trade as high as 1.3330 whereas at the lowest point it's traded almost a cent lower. It's been a volatile week for the pound against all major currency pairs, with yesterday being particularly volatile. The day's range was three times the normal range over the past 3-months, which goes to show the importance of...
Pound to Dollar Forecast: GBP to USD Rate Feels Weight of Barnier Comments

GBPUSD breaks 1.30, can it rise higher?

GBPUSD has moved higher after some positive news on Brexit from Michel Barnier on the type of deal the UK might expect. The market has probably read too much into the comments but nonetheless we have seen GBPUSD rates rise over 1.30. To what extent is this likely to continue in the future? Yesterday, Gross Domestic Product (GDP) was released showing 4.2% growth, this kind of pace will be very hard to keep up and some analysts are expecting to see a weaker US Dollar...
US Dollar Weakens Against the Pound After Further US Jobless Claims

USD Strength ahead of US GDP Data

The US Dollar remains strong against the Pound with investors continuing to move in to the safe haven currency in this period of heightened volatility, much of which is stemming from the trade war between the US and China. Whilst Britain and the EU have also been dragged in to this rift, the outlook for trade is not looking so promising with China and this is helping see the Dollar strengthen further. Rates for GBPUSD have been driven lower still as uncertainty over Brexit...
GBP NZD Forecast: UK Business Confidence Hits Sterling Exchange Rates

Will positive data out of New Zealand boost the chances of a RBNZ rate...

It's been quite a busy week already for the New Zealand Dollar after a number of key releases are out this week. On Monday we found out that the number of new construction projects declined during June from the previous month which caused the Kiwi to sell-off somewhat. Tonight will perhaps see the biggest price fluctuations as the Unemployment Rate and Employment Changes will be released and this could determine the monetary policy adopted by the Reserve Bank of New Zealand moving forward. Some economists are...
GBP/AUD Forecast: Will the Australian Dollar Overcome the Coronavirus Fears?

GBP/AUD exchange rates fairly stable – Will Trump be the key to the next...

Sterling has remained in a reasonably stable range against the Australian Dollar over the course of the trading week, seeing a drop off earlier in the week following the key resignation from Boris Johnson, only to then creep back up again a few days later when Donald Trump headed for more trade wars with China. Political uncertainty and further comments from Trump (this time regarding the U.K) over the past 24 hours have both knocked Sterling ever so slightly but all in all we have...
Pound to Euro forecast Will Sterling make further gains against the Euro next week?

GBP/EUR settle after volatility caused by political uncertainty in the UK

GBP/EUR rates have settled around 1.13, after some key developments in the UK Government in recent days. The resignations of chief Brexit negotiator David Davis late on Sunday evening and then the former Foreign Secretary Boris Johnson on Monday, have been well publicised. Whilst Davis’s announcement did little to shake Sterling’s foundations, Boris Johnson decision to step down caused the markets to panic, and a quick-fire sell-off of Sterling positions followed. This helped boost EUR's value, although in truth it struggled to make any significant impact...