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 USD Slips Ahead of BoE Rate Decision

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...
GBP USD Exchange Rate: The Week Ahead January 24th

Pound to Dollar Forecast: GBP to USD Rate Shackled by Renewed Fears of No-Deal...

Fresh No-Deal Brexit Concerns Weigh on Pound The pound to US dollar rate began the week above the 1.30 level, before falling to 1.29 on the back of fresh fears of a no-deal Brexit. Normally Christmas is a time for giving, but with no economic data under the tree and Parliament on recess, Brexit concerns dominated sentiment towards the pound this week. Consequently, any hopes of clarity over the UK’s future relationship with the EU are on hold until MPs return to work a week...
GBP EUR Lower After Rishi Sunak Autumn Budget

Pound to Dollar Rate Mounts Mini Recovery

The pound climbed to within touching distance of the 1.35 level against the dollar on Thursday after receiving much-needed support from better-than-expected growth data. Although its rise was nominal compared to its descent earlier in the week when it slumped to a multi-month low (1.342). The UK economy grew by 5.5% in the second quarter of 2021, exceeding forecasts of 4.8% growth, Office for National Statistics figures showed. UK Gross Domestic Product (GDP) is now just 3.3% off pre-pandemic levels. UK house prices increased by 0.1%...

GBP Forecast – Will the Pound Recover Last Week’s Losses?

Sterling managed to curb any further heavy losses on Friday but despite it stabilizing, there’s no doubt it was overall a disappointing week for the Pound. GBP/USD has dropped with the pair now trading around 1.3550. It is likely that the markets have now factored in Thursday’s Bank of England (BoE) interest rate decision, with the prospect of a rate hike seemingly eliminated from investors thought process. It has been widely anticipated that the BoE would be raising interest rates by 0.25% at their upcoming policy...
GBP USD Dragged Lower by Dollar Strength

Pound to us Dollar Exchange Rate Hits 4 Month High

Pound to us Dollar exchange rates have hit a 4 month high against the Dollar in trading this week, as investors and speculators steer clear from the greenback due to coronavirus and political fears. The virus really has taken hold of various States in the U.S and there are vast concerns that the current package for those out of work, costing $2.4 Trillion which is due to run out at the end of this month may not be replaced, which would be extremely negative for...
GBP USD Plummets to Lowest Level of 2021

GBP USD Plummets to Lowest Level of 2021

The pound sunk to its lowest level this year against the dollar after the UK economy grew at a slower pace than expected in the third quarter. The UK currency fell below the 1.34 support level for the first time since December 2020, when fears of a no-deal Brexit spooked investors. Data released by the Office for National Statistics (ONS) on Thursday showed the UK economy grew 1.3% in the third quarter, falling short of economists’ forecasts of 1.5%. It also represented a striking slowdown from...
GBP AUD Sinks After Bank of England Joins Dovish Path

GBP USD Rate Breaks Through 1.37 Resistance Level

The GBP USD rate extended its October recovery on Thursday, supported by a rally in global stock markets and positive investor sentiment. The pair climbed to its highest level since September 28, breaking through the 1.37 resistance level. The pound’s jump higher came despite comments from one of the most dovish members of the Bank of England’s (BoE) Monetary Policy Committee (MPC). Policymaker Silvana Tenreyro said the BoE should not raise interest rates to tackle inflation triggered by energy higher prices if it believes these effects...
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...
GBP AUD Sinks After Bank of England Joins Dovish Path

GBP AUD Sinks After Bank of England Joins Dovish Path

The GBP AUD exchange rate was lower by over -0.50% on Thursday after the Bank of England backtracked on a rate rise. The pair had given up half of a two-day rally on the announcement after traders unwound bets for a 0.15% rate hike and more aggressive path. The bank has decided to follow the Federal Reserve in doing nothing in the face of high inflation. The AUD GBP exchange rate is trading at 1.8260 after almost hitting 1.8450 this week. Bank of England rattles the...