Friday Apr 15th 9:04 BST – The British Pound Sterling is today even against the United States Dollar, up 0.12% against the Euro, up 0.2% against the Swiss Franc, down -0.4% against the Australian Dollar, down -0.58% against the New Zealand Dollar, up 0.15% against the Japanese Yen and down -0.18% against the Indian Rupee; read on for market news & views, GBP cross rate stats & charts.
“Due to continued uncertainty over the Brexit referendum, risk appetite favouring the Aussie and improving Australian economic data, the outlook for the GBP/AUD cross is lower in all time frames”. – OFX
British Pound Sterling vs United States Dollar
The British Pound Sterling is even today against the United States Dollar with the GBP/USD at 1.4153 and up for the last 7 days with a rise of 0.0031 (0.22 %).
The GBP/USD mid-rate is trending mid 3-month range [Hi:1.4605, Lo:1.3847] and for the quarter is down -0.98%.
“Q2 market action may not be a whole lot different than Q1, mainly because none of the Q1 issues have been resolved. US economic data reports and various Fed speakers will keep US rate direction front and center and FX markets volatility will remain elevated.” – AgilityForex
British Pound Sterling vs Euro
The British Pound Sterling is up today against the Euro with the GBP/EUR at 1.2573, a rise of 0.0015 (0.12 %) and also up for the last 7 days with a rise of 0.0182 (1.45 %).
The GBP/EUR mid-rate is trading lower in the last 3-month range [Hi:1.3260, Lo:1.2356] and for the quarter is down -3.67%.
“After the rate cut and increase in stimulus package, the entire Eurozone is potentially at the whim of consumer trends – a risky environment that will be significantly impacted by the “Brexit” result in June. April is a relatively quiet month for EU data, though as the most traded pair in foreign exchange (against the currently unpopular USD), markets should expect to witness continued volatile trading sessions.” – WorldFirst
British Pound Sterling vs Swiss Franc
The British Pound Sterling is up today against the Swiss Franc with the GBP/CHF at 1.3700, a rise of 0.0028 (0.2 %) and also up for the last 7 days with a rise of 0.0195 (1.42 %).
The GBP/CHF mid-rate is trading lower in the last 3-month range [Hi:1.4680, Lo:1.3427] and for the quarter is down -4.08%.
“CHF still a Safe Haven. A factor in the Swiss Franc’s value is investor demand for the currency in times of risk aversion.” – HSBC
British Pound Sterling vs Australian Dollar
The British Pound Sterling is down today against the Australian Dollar with the GBP/AUD at 1.8336, a drop of -0.0074 (-0.4 %) and also down for the last 7 days with a drop of -0.0238 (-1.3 %).
The GBP/AUD mid-rate is trading at 3-month lows and for the quarter is down sharply -12.87%.
“Due to softer commodity prices, risk aversion and improving EZ economic numbers, the outlook for the AUD/EUR cross is neutral in the near and medium terms and lower in the long term.” – OFX
British Pound Sterling vs New Zealand Dollar
The British Pound Sterling is down today against the New Zealand Dollar with the GBP/NZD at 2.0523, a drop of -0.0119 (-0.58 %) and also down for the last 7 days with a drop of -0.0175 (-0.85 %).
The GBP/NZD mid-rate is trading at 3-month lows and for the quarter is down -8.27%.
Due to risk appetite favouring the Kiwi, the interest rate differential and possible further ECB easing, the outlook for the EURNZD cross is neutral in the near term, but lower in the medium and long terms. – OFX
British Pound Sterling vs Japanese Yen
The British Pound Sterling is up today against the Japanese Yen with the GBP/JPY at 154.71, a rise of 0.2385 (0.15 %) but down for the last 7 days with a drop of -0.3132 (-0.2 %).
The GBP/JPY mid-rate is trading lower in the last 3-month range [Hi:173.59, Lo:151.69] and for the quarter is down -7.94%.
“Foreign Exchange markets appear to have written off the Bank of Japan's grip on the Yen as traders bid the Japanese currency to 18 month highs. The stunning move in the world's second most traded currency pair, dollar-yen, means the yen has reversed direction in defiance of billions of Japanese monetary stimulus and the introduction of negative interest rates this year.” – AFR
British Pound Sterling vs Indian Rupee
The British Pound Sterling is down today against the Indian Rupee with the GBP/INR at 94.19, a drop of -0.1693 (-0.18 %) but up for the last 7 days with a rise of 0.2724 (0.29 %).
The GBP/INR mid-rate is touching 3-month lows [Hi:99.15, Lo:93.83] and for the quarter is down -2.67%.
“Prospects for the Indian rupee (INR) and South Korean won (KRW) have also improved on growing expectations the Fed will deliver fewer rate increases this year” – Reuters