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Pound Sterling Defends Key Level vs. Euro,

Pound Sterling Defends Key Level vs. Euro, "Substantial" Shift in UK Position on Brexit Talks Hints to Positive Surprises Ahead


It's happened again - the market has refused to let the Pound fall to below 1.11 against the Euro which tells us something about the immediate outlook for the Pound-to-Euro exchange rate.

Euro

Pound to Euro Latest

1.1198▼

-0.08%

Previous Close:

1.1207

Today's High:

1.1237

Today's Low:

1.1168

US Dollar

Pound to US Dollar Latest

1.3212▲

0.09%

Previous Close:

1.3199

Today's High:

1.326

Today's Low:

1.3171

Australian Dollar

Pound to Australian Dollar Latest

1.7459▲

0.36%

Previous Close:

1.7397

Today's High:

1.7566

Today's Low:

1.7391

New Zealand Dollar

Pound to New Zealand Dollar Latest

1.9386▲

0.69%

Previous Close:

1.9253

Today's High:

1.9532

Today's Low:

1.9232

South African Rand

Pound to South African Rand Latest

18.4614▼

-1.14%

Previous Close:

18.6744

Today's High:

18.8433

Today's Low:

18.4201

Canadian Dollar

Pound to Canadian Dollar Latest

1.687▲

0.19%

Previous Close:

1.6839

Today's High:

1.6926

Today's Low:

1.6802

Latest British Pound News

GBP LIVE TODAY

The Pound to go Higher Against the Dollar in 2018: Wells Fargo

16 November, 2017 |

Global growth has continued apace, which normally lends itself to a weaker Dollar, and other central banks are eyeing a resulting window to start normalising policy.

GBP LIVE TODAY

Pound Sterling Shrugs Off Higher UK Retail Sales in October as Weaker Trend Weighs

16 November, 2017 |

A fall in spending at food stores was the largest contributor to the annual fall, which was itself aided by an unusually strong set of numbers back in October 2016.

GBP LIVE TODAY

Does Peak Inflation = Peak Pound Sterling?

16 November, 2017 |

The recent rise in inflation to 3.0% represents a peak argue analysts at Bank of America Merrill Lynch who see an extended decline ahead, which could take the Pound with it.

GBP LIVE TODAY

Employment Data: British Pound Mixed Despite Good News on UK Productivity Stats, Wage Grow…

15 November, 2017 |

UK labour market statistics form the economic highlight for Pound Sterling today.

GBP/EUR: News and Forecasts

EUR

Pound Sterling Defends Key Level vs. Euro, "Substantial" Shift in UK Position on…

17 November, 2017 |

It's happened again - the market has refused to let the Pound fall to below 1.11 against the Euro which tells us something about the immediate outlook for the Pound-to-Euro exchange rate.

EUR

Euro Dips After Inflation Blip in October Vindicates the ECB for its Cautious Stance

16 November, 2017 |

Thursday’s data may vindicate the ECB for its cautious stance on the withdrawal of stimulus from the Eurozone, but it is less clear what it might mean for the Euro.

EUR

Pound Sterling Forecast to Climb vs. Euro into Year-end by Credit Suisse

16 November, 2017 |

But "severe downside" risks must be guarded against warn analysts watching the binary nature of risks associated with Brexit talks.

EUR

British Pound: Here's Why a EUR/USD on Steroids Could Keep Pound-to-Euro Pinned Down

15 November, 2017 |

The Pound must keep up with the Euro’s gains relative to the Dollar if the Pound-to-Euro rate is to keep its head above water.

GBP/USD: News and Forecasts

USD

“Storm Clouds” Overhead Portend A Volatile End to 2017 - BNY Mellon

17 November, 2017 |

Wobbling risk assets and an apparent flight to quality could suggest a volatile year-end is in store, while the Dollar remains a wild card.

USD

Pound-to-Dollar Exchange Rate Just Turned Short-Term Positive

17 November, 2017 |

Technical studies of the Pound-to-Dollar exchange rate confirm recent moves have turned the outlook a little more positive in the short-term.

USD

US Dollar Firms as US Inflation Data Cements December Fed Rate Hike

15 November, 2017 |

The release of important economic data in the US later today has the potential to impact on Dollar pairs as it may influence expectations about US monetary policy, which is a major driver of exchange rates.

USD

Pound-to-Dollar Rate: 1.3049 is the Main Breakdown Level Traders are Watching

14 November, 2017 |

The analysis of price charts can aid analysts in their work and the charts of a Commerzbank market technician provide key levels for the Pound-to-Dollar.

EUR/USD: News and Forecasts

Euro to Dollar

Euro-to-US Dollar Resumes its Uptrend, Next Stop 1.1900

14 November, 2017 |

 The Euro-to-US Dollar has risen above a key level distinguishing the downtrend from the uptrend, and we are now bullish, which means we expect the exchange rate to go higher.

Euro to Dollar

Next target for Euro-Dollar seen in the 1.14s says Lloyds Bank

13 November, 2017 |

A recent surprise bout of strength for the Euro-to-US Dollar rate is not enough to unseat one staunchly negative view.

Euro to Dollar

Euro-to-Dollar Rate Week Ahead: Technical Forecast, Events and Data to Watch

12 November, 2017 |

The Euro-to-US Dollar has been looking less bearish of late after a recovery at the end of last week brought into question the validity of a bearish pattern on the chart.

Euro to Dollar

EUR/USD Ultimately Headed for 1.30 Argues Soc Gen's Juckes

09 November, 2017 |

A stream of positive data and upbeat talk from the continent appears to be stimulating a renaissance in the Euro - how far can the single currency go?

GBP/AUD: News and Forecasts

AUD

Potential 4% Decline in Pound-to-Australian Dollar Exchange Rate: Westpac

17 November, 2017 |

If current fundamentals remain in place, the Aussie could strengthen over the greenback before year-end while GBP/USD weakens, which is bad news for GBP/AUD.

AUD

Australian Dollar on Offer as Technicals, Employment Data Weigh

16 November, 2017 |

RBA rate setters are clear future hikes are contingent on wages being sufficient to return inflation to target and enable households to whether higher borrowing costs.

AUD

Australian Dollar: Poor Wage Data is a Gamechanger

15 November, 2017 |

Future rate hikes are contingent on wages being sufficient to return inflation to target and to enable debt-laden households to whether higher borrowing costs.

AUD

Pound-to-Australian Dollar X-Rate Gaps Higher after UK Data Undermines Hopes of Agressive …

14 November, 2017 |

A lower-than-expected data print on Tuesday morning has started a rush of Pound-selling on foreign exchange dealing floors.

GBP/NZD: News and Forecasts

NZD

New Zealand Dollar Enters the Sell Zone

15 November, 2017 |

The New Zealand Dollar has pulled-back into the ideal sell-zone and bears should prepare for another selling session, says Trade With Precision.

NZD

GBP/NZD Rocked By UK Inflation Data, but Still Manages to Stay in the Green

14 November, 2017 |

A lower-than-expected data print from the UK has sent Sterling into free-fall.

NZD

Pound-to-New Zealand Dollar Rate Week Ahead: Technical Forecast, Data and Events to Watch

12 November, 2017 |

The Pound-to-New Zealand Dollar (Kiwi) has pulled back as a result of surprise Kiwi strength due to a better economic outlook, the Pound meanwhile remains deadlocked over Brexit.

NZD

AUD/NZD: Here's Why the Kiwi Could Rise During the Weeks Ahead

10 November, 2017 |

The Kiwi has been oversold since the September election. Government policy means RBNZ inflation forecasts are rising,  while the RBA sees price pressures waning further still, leading one strategist to suggest betting on a fall in the AUD/NZD rate. 

GBP/CAD: News and Forecasts

CAD

NAFTA Breakdown Poses Downside Risk to Canadian Dollar vs. Pound and US Dollar

17 November, 2017 |

A breakup of the NAFTA block could see the USD/CAD rate go past 1.3225 which, in turn, which could help push Pound-to-Canadian-Dollar much higher.

CAD

USD/CAD Longs in Trouble as Oil Price Boost Reverses and Bank of Canada set to Cut Rates i…

14 November, 2017 |

Broader financial markets have shrugged off the oil price rise a temporary phenomenom, the Canadian economy is slowing and the BoC has turned dovish. 

CAD

Pound-to-Canadian Dollar Rate Week Ahead: Technical Forecast, Events and Data to Watch

12 November, 2017 |

The Pound-to-Canadian Dollar has corrected back recently but analysts think this may just be a temporary pull-back before the pair resumes its short-term uptrend.

CAD

Canadian Dollar on the Rocks: UBS

09 November, 2017 |

The fading effect of the Trudeau government's programme of public works and generous spending is set to dampen inflation and impact negatively on the currency.

GBP/ZAR: News and Forecasts

ZAR

Rand: Debt Markets Give South Africa the Green Light Ahead of Crunch Rating Decision

15 November, 2017 |

The auction comes a week out from a November 24 review, which could see S&P and/or Moody’s cut South Africa’s local-currency rating beneath investment grade.

ZAR

Rand Hit as Fears Over Government's Free Education Policy Weigh and Capital Outflows Accel…

13 November, 2017 |

The threat to South Africa's credit rating was raised Monday, heaping further pressure onto the Rand, government bonds and pushing GBP/ZAR to new highs.

ZAR

Pound-to-South African Rand Rate Technical Forecast: Sterling Could Rise in Coming Week bu…

13 November, 2017 |

A compelling chart pattern favours a rise in the Pound-to-Rand in the week ahead, with political risks for both currencies potentially providing the high volatility drivers.

ZAR

South African Rand Faces a Big Fall as Major Credit Rating Downgrades Loom, Spurred on by …

08 November, 2017 |

Expectations of a sovereign downgrade had risen since October’s medium term budget statement, only to solidify in November following press reports that the Zuma government is preparing to rollout free higher education across South Africa.