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The Pound Hits Recovery Mode as May Interest Rate Hike Expectations Cemented by Bank of England MPC Members

The Pound Hits Recovery Mode as May Interest Rate Hike Expectations Cemented by Bank of England MPC Members


Britain's interest rates will rise gradually but Brexit remains the biggest uncertainty, Governor of the Bank of England Mark Carney told a sitting of the UK Parliament's Treasury Select Committee.

Euro

Pound to Euro Latest

1.1331▲

0.05%

Previous Close:

1.1325

Today's High:

1.1332

Today's Low:

1.1324

US Dollar

Pound to US Dollar Latest

1.3904▼

-0.04%

Previous Close:

1.391

Today's High:

1.391

Today's Low:

1.3897

Australian Dollar

Pound to Australian Dollar Latest

1.7831▼

-0.03%

Previous Close:

1.7836

Today's High:

1.7839

Today's Low:

1.7816

New Zealand Dollar

Pound to New Zealand Dollar Latest

1.9004▼

0%

Previous Close:

1.9005

Today's High:

1.9016

Today's Low:

1.8987

South African Rand

Pound to South African Rand Latest

16.2321▼

-0.03%

Previous Close:

16.2373

Today's High:

16.2376

Today's Low:

16.2118

Canadian Dollar

Pound to Canadian Dollar Latest

1.7657▼

-0.03%

Previous Close:

1.7661

Today's High:

1.7664

Today's Low:

1.7648

Latest British Pound News

GBP LIVE TODAY

The Pound Hits Recovery Mode as May Interest Rate Hike Expectations Cemented by Bank of En…

21 February, 2018 |

Britain's interest rates will rise gradually but Brexit remains the biggest uncertainty, Governor of the Bank of England Mark Carney told a sitting of the UK Parliament's Treasury Select Committee.

GBP LIVE TODAY

UK Employment Data Disappoints but Pay Growth Starts to Gain Traction

21 February, 2018 |

Wednesday’s data comes at a time when the unemployment rate has held at a 42 year low for five months and wages have seen their longest run of uninterrupted growth since before the financial crisis.  

GBP LIVE TODAY

Pound Destined Higher as Road to Brexit is Clearer than Many Believe Argue Nomura

20 February, 2018 |

The Pound has been weighed down by gloomy post-Brexit fears for too long according to analysts at Nomura who see a sea-change in the outlook for trade talks. 

GBP LIVE TODAY

Pound Wakes from 'Slumber' on Bid by EU Parliament for Flexible, 'Privileged' Brexit Deal

20 February, 2018 |

The European Parliament is said to be preparing a "detailed," 60-paragraph resolution which will call for more flexibility in future relationship talks with Britain that would allow for privileged single-market access.

GBP/EUR: News and Forecasts

EUR

Pound Sterling is Going to go Below Parity vs. Euro says Europe's Largest Asset Manager

21 February, 2018 |

Amundi - the asset manager that boasts €1.4 trillion worth of assets under management - have warned that Sterling faces significant downside should the kind of Brexit deal they are expecting be delivered.

EUR

UK Manufacturing Continues to Boom, but Growth Starting to Slow: CBI

20 February, 2018 |

The UK industrial sector is back in focus on Tuesday, February 20 with the release of the CBI's Industrial Trends survey.

EUR

Techs: Pound-to-Euro Rate Forecast for the Week Ahead

18 February, 2018 |

The exchange rate continues oscillating within a relatively well-defined range as we enter another week's trading.

EUR

British Pound 20% Undervalued vs. Euro say SEB

16 February, 2018 |

Analysts believe Sterling will ultimately win the Pound vs. Euro tennis match, but patience is required.

GBP/USD: News and Forecasts

USD

The US Dollar is Falling and Analysts Are Not Sure Why

21 February, 2018 |

All the ingredients are there for a US Dollar rally: economic growth, rising interest rates, fiscal stimulus, and yet the Dollar keeps going down, what's the problem?

USD

Pound-to-Dollar Rate Forecast for the Week Ahead

18 February, 2018 |

GBP/USD is resuming its uptrend at the start of the new trading week.

USD

The Pound Storms Back Above 1.41 vs. the Dollar, Can Sterling Record Fifth Consecutive Day…

16 February, 2018 |

The Pound-to-Dollar exchange rate's advance is now seen entering its fifth successive day.

USD

US Dollar: Explaining the Fall Despite Strong Inflation Data + Outlook for Key USD Exchang…

15 February, 2018 |

The US Dollar surprised commentators mid-week by falling despite rising US inflationary rates. What is going on and what does it mean for key US Dollar-based exchange rates?

EUR/USD: News and Forecasts

Euro to Dollar

Euro-to-Dollar Rate Forecast for the Week Ahead

18 February, 2018 |

Despite doubts from every quarter about the sustainability of the current uptrend we expect EUR/USD to reach the 1.2650 level.

Euro to Dollar

EUR/USD Could See New Highs as Dollar "Regime Change Underway" - Strategist

16 February, 2018 |

The 1.2670 level marks a 50% reversion of the April 2011 to January 2017 downward trend in the EUR/USD rate, which makes it a significant psychological threshold for the foreign exchange market.

Euro to Dollar

Euro-to-US Dollar Rate Defies Expectations and Rallies After Inflation Release

15 February, 2018 |

Investors could be forgiven for being baffled by unexpected market moves of late, most notably after the Dollar weakened despite rising US inflation. 

Euro to Dollar

Buy EUR/USD On the Next Dip say Morgan Stanley as Europe’s Stars Align

13 February, 2018 |

The stars are aligned for the Euro to keep marching higher this year and recent volatility means speculators just may get the chance to pick up the single currency on the cheap this February.

GBP/AUD: News and Forecasts

AUD

Australian Dollar Heading Lower say Deutsche Bank as Strategists Abandon Calls for a Rate …

21 February, 2018 |

  Wage pressures are the most important variable in the interest rate equation at the moment given their significance for inflation and Wednesday's Aussie wage numbers left a sour taste in the mouths of traders.

AUD

GBP/AUD: J.P. Morgan Flags Potential 10% Upside in 2018

20 February, 2018 |

  While J.P. Morgan’s new forecasts still imply some downside for the Australian Dollar, the opposite is true for the bank’s view on the Pound, which implies nearly 10% upside for Sterling-Aussie this year.

AUD

Australian Dollar Rises; Wages in Focus as Interest Rate Parity Looms

19 February, 2018 |

Higher wage growth and lower unemployment were always prerequisites for an RBA interest rate rise but action is doubly important now that parity between Australian and US interest rates is looming. 

AUD

Our Pound-to-Australian Dollar Rate Forecast for the Week Ahead

18 February, 2018 |

GBP/AUD tipped to go higher, possibly to 1.85, if uptrend extends in week ahead.

GBP/NZD: News and Forecasts

NZD

Pound-to-New Zealand Dollar Rate Forecast for the Week Ahead

18 February, 2018 |

GBP/NZD continues pulling-back as we start the new trading week but longer-term the trend remains bullish and is expected to reassert itself in time.

NZD

New Zealand Dollar Gets Shot in the Arm as Inflation Expectations Edge Higher

14 February, 2018 |

Inflation expectations are important for currency markets because the RBNZ can only be expected to raise interest rates after inflation has made a sustainable return into the higher end of the 1% to 3% target band.

NZD

GBP/NZD Forecast for the Week Ahead

11 February, 2018 |

GBP/NZD is trading with an upside bias and could potentially move up to the 1.98s if there is a breakout in the week ahead.

NZD

New Zealand Dollar Returns to the Doldrums after RBNZ Cuts Growth and Inflation Forecasts

07 February, 2018 |

“We don’t foresee an OCR hike until late-2019. If anything, we would put the odds of an OCR reduction this year as slightly higher than the odds of a hike, although a large shock would be required to generate either,” - Westpac.

GBP/CAD: News and Forecasts

CAD

Pound-to-Canadian Dollar Rate Forecast For the Week Ahead

18 February, 2018 |

More upside is expected from GBP/CAD as a persuasive chart pattern looks to be forming which heralds more upside for the pair.

CAD

The Canadian Dollar's Hook-up with Oil Pays

14 February, 2018 |

Oil prices and the Canadian Dollar both rose following the release of data showing lower US stockpiles mid-week.

CAD

Canadian Dollar's Correlation to Oil is Back, and this Could Spell Downside

12 February, 2018 |

The Canadian Dollar and oil used to go together like the proverbial 'horse and carriage' until the link broke - now it has returned argues Barclays.

CAD

GBP/CAD Forecast for the Week Ahead

11 February, 2018 |

GBP/CAD is at risk of breaking out of its range and continuing higher in the week ahead.

GBP/ZAR: News and Forecasts

ZAR

South African Rand Headed to 11.0 Against US Dollar as Markets Cheer Budget

21 February, 2018 |

Treasury has been under pressure to set out concrete revenue raising measures in order to preserve its investment grade local currency credit rating and, on Wednesday, it appeared to have delivered

ZAR

Pound vs. Rand: Multiple Signals Herald More Downside with 15.50 In Crosshairs

20 February, 2018 |

 The South African Rand has strengthened due to an improving political outlook - we think there is a good chance it will continue.

ZAR

Rand Extends Gains as Ramaphosa addresses the Nation but Ratings Agencies Give Cool Respon…

16 February, 2018 |

S&P Global Ratings says recent events do not warrant a review of its already-downgraded score for South Africa's debt while Moody's, yet to announce its latest rating decision, is staying mum.

ZAR

Rand's Zexit Rally Could be Nearing its End

15 February, 2018 |

Jacob Zuma's resignation is significant but much still rests on whether the Treasury can use next Wednesday’s budget statement to set out a credible plan for bringing down South Africa’s budget deficit.