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...
GBP EUR Exchange Rate: The Week Ahead October 10th

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...

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...