Search results “Exchange rate usd sterling”
Dollar Exchange Rate Pound US
Dollar exchange rate: Pound up against US currency after latest inflation data THE pound edged up against the US dollar after inflation in America hit its lowest level since October 2015 years. Sterling lifted to 1.289 against the US currency, as America's price rises came in lower than expected at 1.9 per cent for April. Lower inflation could mean central bank the US Federal Reserve is less likely to raise interest rates next month, as expected. Expectations of looser monetary policy has hit the dollar.
Views: 5338 Real Thing TV
pound dollar exchange rate
pound dollar exchange rate Watch my YouTube video pound dollar exchange rate. Learn how to convert GBP to USD. XE is an online currency conversion tool and and very easy to use. You can check the pound dollar exchange rate on a daily basis. I hope you find it interesting. pound dollar exchange rate Contact: Christos Pittis website: www.christospittis.com udemy:https://www.udemy.com/u/christospittis/ twitter: https://twitter.com/CPITTIS facebook page: https://www.facebook.com/christoscpittis email: [email protected] https://www.udemy.com/u/christospittis/ YouTube: https://www.youtube.com/channel/UClqulZeiMIfgPv_LirylA0g/videos
Views: 2845 Entrepreneurship pdf
Pound to dollar exchange rate: Sterling rises, stock markets volatile after Trump victory
The financial markets are braced for a volatile day following Donald Trump's victory in the US presidential election, while the pound made early gains against the dollar. The GBP to USD exchange rate rose sharply in the early hours as a Trump victory became more and more likely - at 11pm last night the rate was 1.23, but by 5am that had risen to 1.254. The rate has fallen back to just under 1.24 at 9.30am, but some analysts are predicting that the rate could get close to 1.30 over the coming days. Meanwhile the dollar to pound exchange rate had been on the decline through the early hours, dipping to 0.797 at 5am. But at that point it steadily rose through the morning to a peak of 0.807. There was initial panic on the stock markets, with London's FTSE 100 Index dropping as much as 2% on opening, wiping as much as £37bn off the value of the UK's biggest companies, but it too bounced back.
Views: 573 Live Accident
Pound and euro lowest value in 10 months – what’s next for GBP?
A weekly look into the GBP/USD and EUR/USD pairs by our Chief Market Strategist, David Jones. The political turmoil in the UK and the EU’s public readiness for a no-deal Brexit have put further pressure on the pound. The euro, on the other hand continues to be impervious to volatility. This has been the case for the past few months. GBP/USD The uncertainty around Brexit has pushed the pound lower. Sterling has hit its lowest level since September last year at $1.2960. We saw a bullish divergence towards the end of the week – suggesting the weakness is losing steam – yet the downward trend remains. The level to watch is around $1.33 to $1.3350. Should it be able to clear this mark, we might see a shift in trend. There is a lot of expectation building up on next week’s developments. EUR/USD The ECB will be releasing its decision regarding interest rates on Thursday. No major shifts in policy are expected but it could push some volatility. Meanwhile, the euro has not shown any signs of change, holding the same levels as last week at around $1.1850. Buyers continue to flock in at the $1.16 mark, just like the week before. The European currency is still looking for a breakout from this sideways range. See the Forex live charts below https://capital.com/gbp-usd-rate https://capital.com/eur-usd-rate Join the next webinar with David Jones by following this link: https://www.youtube.com/watch?v=2rPIKxhxsBs *** Learn more about Capital.Com: https://capital.com/ Facebook: https://www.facebook.com/capitalcom/ Twitter: https://twitter.com/capitalcom Linkedin: https://www.linkedin.com/company/capital.com Google+: https://plus.google.com/109711441877350231296 Crunchbase: https://www.crunchbase.com/organization/capital-com *** Explore trading and start investing with Capital.com. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Views: 33770 Capital.com
Pound to euro exchange rate: Sterling climbs BACK as Theresa May soars in polls
Pound to euro exchange rate: Sterling climbs BACK as Theresa May soars in polls Source: http://www.express.co.uk/ Tips: search keyword "news 2u" to watch latest uk news, world news and latest brexit news. Follow News 2U on: ☀ YouTube: https://goo.gl/AB1LpN ☀ Website: https://goo.gl/T0Rt55 ☀ Facebook: https://goo.gl/BsHWZv ☀ Google Plus: https://goo.gl/8HDdu5 Thanks for watching! Videos can use content-based copyright law contains reasonable use Fair Use (https://www.youtube.com/yt/copyright/)
Views: 2130 News 2U
How Exchange Rates Work
● We explain topics simply. So Subscribe if you want to learn while being entertained. ✔ Please like the video and comment if you enjoyed - it helps a lot! ▶ If you want a question answered then ask in the comments and we may make a video about it! About the video: You may have traveled a lot and wondered why you get more of one currency when you exchange it for another. If so, you have witnessed exchange rates in action, but do you know how they work? Watch the video to find out what exchange rates are, how to convert between them and the different systems which determine a currencies exchange rate. Historically the gold standard system had been used, which fixed currency to a select value of gold, held in a vault. The three main systems are the floating, managed and fixed exchange rate systems. The floating system has minimal government intervention, using supply and demand to determine the exchange rate. The managed exchange rate is allowed to be within a permitted band and a fixed exchange rate is usually pegged to a currency with the interest of being competitive in the international market. The video explains this in more detail and with helpful picture to guide you through the subject.
Views: 265351 SimplyExplain
Pound to euro exchange rate: Sterling at best rate this week - GBP reaches 1.142 EUR.
Pound to euro exchange rate: Sterling at best rate this week - GBP reaches 1.142 EUR. THE POUND to euro exchange rate today has reached its best performance so far this week at with GBP reaching 1.142 EUR. The Post Office is offering 1.1091 and £750 buys €831.83. The pound to euro exchange rate has climbed today thanks to good trading in the private sector. This was revealed by a good forecast for UK services Purchasing Managers' Index (PMI). These economic indicators survey private sector companies for performance. The sector is said to be recovering, reaching a three month high. Pound sterling has jumped a little higher as a result, an expert told Express.co.uk. Laura Parsons, currency analyst at TorFx, said: “The pound finally enjoyed a solid day of trading on Tuesday, advancing across the board in reaction to better-than-forecast UK services PMI. “The measure of the UK’s all-important services sector rose from 52.8 to 54.0, pushing the GBP/EUR exchange rate to a high of €1.142. “With this sign that the UK economy recovered ground at the start of the second quarter, hopes for a near-term interest rate increase from the Bank of England (BoE) rose, and the pound rose along with them.” This is not the only good news, the expert revealed. She claimed that the value of the pound could increase further. The expert said: “The pound could extend gains against the euro today if the Eurozone’s retail PMI shows a contraction in consumer spending.” For holiday makers various companies are offering deals on the foreign currency. According to Money.co.uk Travel FX Travel Money is offering €849 for £750. WeSwap Travel Cash is offering €848.25 for the same amount of cash. However, deals can change at any time so travellers should shop around for the best deal. Yesterday Laura told Express.co.uk the GBP/EUR exchange rate slumped on Monday. She said: “The UK’s latest construction index might have revealed that output held steady in May, but the GBP/EUR exchange rate still slumped by 0.4 per cent on Monday.” “Sterling also slid against the US, Australian and New Zealand dollars as delving deeper into the data showed that business confidence had dropped to a seven-month low in the face of persistent economic uncertainty,” “The pound might be able to bounce back today if the UK’s services PMI impresses. “The services sector accounts for over 70 per cent of total GDP, so a strong showing here might be enough to raise hopes that the UK got off to a solid start to the second quarter of 2018.”
Views: 45 21 News
British Pound To Euro Exchange Rate Forecast
Foreign exchange markets find the British pound to euro conversion rate heading towards six-and-a-half-year lows last week. We examine the latest euro-related fx forecasts targeting the sterling and the US dollar in the short, medium and long-term GBP/EUR forex outlooks The Pound to Euro exchange rate today (16/10/16 - FX markets first day): -0.12pct at 1.1091, best in month was 1.1866. The Euro to Pound Sterling exchange rate today: +0.12% at 0.90163. The Euro to Dollar exchange rate today: +0.24% at 1.09932. GBP/EUR, GBP/USD conversations fail to see significant recovery after six per cent 'flash crash' last week. Forecast: GBP's moves one-way street according to leading foreign currency experts at ABN AMRO. Economic-related Brexit headlines has naturally continued to dominate the outlook of the Pound Sterling this week, although the Euro has also been under pressure as foreign exchange market risk appetite increased. While the GBP/EUR and the GBP/USD saw some heavy selling throughout the course of the week, they were able to stabilise somewhat ahead of the weekend. Less than one euro to the pound at many UK airports Pound value: UK airport currency exchanges offering less than one euro to the pound Now a euro costs a POUND: Shocking receipt shows one-to-one exchange rate at City Airport after sterling's slide since Brexit vote – with commission on top Pound To Euro Exchange Rate Rises After Brexit Debate News From Theresa May Pressure had also been mounting on the Euro (EUR), which trended lower against many of the majors as the European Central Bank (ECB) was assessed to be less likely to taper its quantitative easing program in the near future. As a result the Pound Sterling to Euro (GBP/EUR) exchange rate recovered some ground, despite European Council President Donald Tusk warning that the UK faces a choice between hard Brexit or no Brexit at all.
Views: 911 News In INDIA
Best & Worst Places to Exchange Foreign Currency on Vacation
Ever wonder where you should exchange your dollars or Euros, money, when you travel? Well here are a few tips on the best and worst places to exchange your currency while you are traveling. Filmed in Kilkenney, Ireland Copyright Mark Wolters 2017 USA Today & 10Best's #1 Independent Travel Videographer 2014 FlipKey by TripAdvisor Top 10 Travel Bloggers 2014 Our Equipment Sony Alpha a6000 Digital Camera. Great for Capturing Amazing Photos and HD Video. http://amzn.to/2bBMnWg GoPro Hero4: Digital Camera for On The Go Fun in 4K http://amzn.to/2cbYkz4 SanDisk Extreme Pro 64 GB - SD Disk: For Saving All The Video Footage Without Having to Switch Chips http://amzn.to/2bSjCE3 Video Editing Software: Sony Movie Studio 13 - Fast, Easy & Affordable to Make Great Videos at a Great Price http://amzn.to/2bBjhrF Tripod - Manfrotto Compact Travel Tripod - The Size to Travel, but the Sturdiness of a Professional Tripod http://amzn.to/2bRSVAV For More Travel Gear & Accessories Visit Our Amazon Travel Gear Shop http://astore.amazon.com/woltworl02-20 Find More Videos At: http://www.woltersworld.com Subscribe to Wolters World on YouTube! http://www.youtube.com/woltersworld Follow Us At http://www.facebook.com/woltersworld http://www.twitter.com/woltersworld http://www.instagram.com/woltersworld
Views: 18653 Wolters World
exchange rates uk
exchange rates uk Watch my video exchange rates uk and learn about the Pound sterling United Kingdom, Currency. I use xe.com an online currency converter and calculator. The pound sterling (symbol: £; ISO code: GBP), commonly known simply as the pound, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use. Exchange Rate,United Kingdom (Country),Currency (Collection Category),Halo,Financial,Foreign,Exchange,Rate,Rates,Services,Specialists,International,Money,Monies,Wire,Transfer,Transfers,Finance (Industry),Sending,Buy,Sell,Property,Properties,Overseas,Abroad,Emigration,Immigration,Emigrating,Internationally,GBP,USD,Euro,Eurozone,British,Pound,Sterling,US,American,Dollar,Dollars,Aussie,Kiwi,Canadian,PMI,GDP,Forex,Rally,Economic,Growth,Economy exchange rates uk Contact: Christos Pittis website: http://www.christospittis.com/ https://www.udemy.com/u/christospittis/ twitter: https://twitter.com/CPITTIS facebook page: https://www.facebook.com/christoscpittis email: [email protected] https://www.udemy.com/u/christospittis/ YouTube: https://www.youtube.com/channel/UClqulZeiMIfgPv_LirylA0g/videos
Views: 1159 Entrepreneurship pdf
GBP v USD: Exchange rate plummets to one-month low as BoE signals rate hike is one-off
GBP v USD: Exchange rate plummets to one-month low as BoE signals rate hike is one-off https://youtu.be/L_XA6FGvV9s THE pound nosedived against the US dollar yesterday as investors reacted to the Bank of England’s (BoE) latest rate decision. The pound is currently at around $1.306 against the US dollar, barely up 0.1 per cent this morning after having retreated 1.3 per cent from a high of $1.325 yesterday. While the BoE’s Monetary Policy Committee (MPC) voted to raise interest rates for the first time in over a decade at the bank’s November policy meeting, the move was undermined by some dovish accompanying minutes. With most investors having already priced in a rate hike this month ahead of the meeting, Sterling was hit by a sharp fall in sentiment as the BoE minutes suggested that future raises would take place at a more gradual pace, dampening hopes that November’s rate hike could be the start of a new cycle of monetary tightening. BoE Governor Mark Carney said yesterday; “To be clear, even after today’s rate increase, monetary policy will provide significant support to jobs and activity.” “And the MPC continues to expect that any future increases in interest rates would be at a gradual pace and to a limited extent.” However the pound is making some tentative efforts to rally this morning as the UK’s latest services PMI came in higher than expected, with the index leaping from 53.6 to 55.6 in October, beating forecasts of a modest decline to 53.3 and reaching its highest levels since April. With over 80 per cent of Britain’s economic growth being derived from the UK’s services sector, the jump will be a welcome start to the fourth quarter. Even after today’s rate increase, monetary policy will provide significant support to jobs and activity Mark Carney Meanwhile the US dollar was able to consolidate its gains yesterday as Donald Trump confirmed that his nomination as chairman of the Federal Reserve would be Fed Governor Jerome Powell. While the move will break with precedent by not allowing the incumbent Janet Yellen to hold a second term, Governor Powell is seen as a “safe pair of hands”, with his appointment unlikely to see the central bank stray from its current cautious approach to monetary tightening. The Fed’s next interest rate hike is currently priced in for December. Looking ahead the GBP/USD exchange rate is likely to see further losses this afternoon with the release of the latest US non-farm payroll figures. Economists forecast that employment will have rebounded sharply last month after being disrupted by Hurricanes Harvey and Irma in September. In contrast a lull in notable domestic data until next Friday’s trade figures means Sterling is likely to struggle to recoup its losses over the coming week, with only some upbeat Brexit news likely to prompt any uptick in the pound.
Views: 8 21 News
Pound to euro exchange rate: Sterling faces ‘volatile’ week against Eurozone currency
Pound to euro exchange rate: Sterling faces ‘volatile’ week against Eurozone currency Pound to euro exchange rate: Sterling faces ‘volatile’ week against Eurozone currency Pound to euro exchange rate: Sterling faces ‘volatile’ week against Eurozone currency Subscribe my channel: https://www.youtube.com/channel/UCsV3XOXMCf40dbtbVCYWoYg?sub_confirmation=1
Views: 2 Betty K. Sievers
british pound exchange rate
Click here to join my bestselling udemy course for FREE https://www.udemy.com/entrepreneurs-entrepreneurship-tips-tricks-and-more/?couponCode=YOUTUBE%28FREE%29 The currency rates table lets you compare any amount in one currency to all other currencies in that same amount. Please watch the video to find out the british pound exchange rate british pound exchange rate pound exchange rate exchange rate british pound If you have any questions, PLEASE don't be afraid to ask. Also, please subscribe, share, comment, or leave a video comment! Contact: Christos Pittis website: http://www.christospittis.com/ https://www.udemy.com/u/christospittis/ twitter: https://twitter.com/CPITTIS facebook page: https://www.facebook.com/christoscpittis email: [email protected] https://www.udemy.com/u/christospittis/ YouTube: https://www.youtube.com/channel/UClqulZeiMIfgPv_LirylA0g/videos
Views: 22313 Entrepreneurship pdf
How to trade GBP/USD (Cable): Tips & Tricks
★ How to trade GBP/USD i.e. cable, Tips & Tricks ★ You can trade the GBP/USD at InterTrader http://www.financial-spread-betting.com/intertrader/intertrader.html ★ If you found value in watching this video, PLEASE LIKE AND SHARE so we can do more! Discussing the GBP/USD i.e. cable If you found value in watching this video, PLEASE LIKE AND SHARE so we can do more! David Paul, Financial Trader and Managing Director of VectorVest UK comments. Tell us a little about the GBP/USD relationship - its called the Cable- how do the two work. The Pound against the Dollar, the Pound is called the base currency and the Dollar is referred to as the secondary currency. In the GBP/USD and the EUR/USD, the Dollar is the secondary currency. What factors effect Cable? Tell us a little about the GBP/USD currency pair. If the GBP/USD exchange rate equals 1.46829 for instance what does that mean? Why is the GBP/USD such a popular pair amongst traders? Factors affecting the GBP/USD [any notable fundamental announcements] Role of Inflation in Trading GBP USD Tell us about the Characteristics and Particularities of the GBPUSD currency pair? How volatile is this currency? Is the GBP/USD a good currency pair to trade for beginners? What’s the best way to trade this currency? And the best times to trade? [suitable for traders who like to do short-term trades or use martingale type robots.] Mention some trading tips for trading the GBP/USD How the GBP/USD correlated to the EUR/USD? [The GBP/USD is rather sensitively to important news affecting the EUR/USD, with news such as FOMC, Non-Farm Payroll and political events in the UK…etc] Does the GBP/USD have any correlations with other currency pairs?
Views: 23389 UKspreadbetting
Pound to euro exchange rate: Sterling pushes back up as eurozone currency 'weakened'
Pound to euro exchange rate: Sterling pushes back up as eurozone currency 'weakened' THE POUND is proving much stronger against the euros as the post bank holiday week begins. Shifts in the political situation in Italy are to thank for the strengthening sterling as the country faces a shock veto from the country's president Sergio Mattarella over a minister who held strongly eurosceptic views, according to experts. Consequently the financial markets enjoyed a brief "relief rally" this morning after the shock move. Today’s exchange rate is at €1.145. Laura Parsons, currency analyst at TorFX, explained how the pound has moved. She told Express.co.uk: "Political concerns in Italy helped the pound rally against the euro on Monday, with the GBP/EUR exchange rate pushing back above €1.145 as the common currency weakened. “With UK data lacking and several European Central Bank (ECB) officials giving speeches, the euro is likely to remain the driving force in the pairing during today’s trading session." John Hardy, head of FX strategy at Saxo Bank, has warned that the veto in Italy could speed up the "unravelling" of the eurozone. Speaking to Bloomberg Surveillance, Mr Hardy said that the euro is "already in the process" of disintegrating. He said, ”I don’t see any path to any clearing up of the situation at all, and this will continue to weigh on the euro. "Any sustained relief rally is not going to be seen and unfortunately we will see a very long period of uncertainty. Political concerns in Italy helped the pound rally against the euro on Monday Laura Parsons, currency analyst at TorFX
Views: 37 21 News
EUR/USD, GBP/USD Analysis & Setups 13-15 September '18
Free edu & research: https://www.elitecurrensea.com/trading-education-and-research/ The EUR/USD is struggling to break up but price could show a bullish bounce if it stays above 1.16 support. The targets are at 1.18 and 1.20. The GBP/USD is also in an uptrend and likely to continue higher if price bounces above 1.2980-1.30.
Views: 835 Elite CurrenSea
Gbp/usd monthly exchange rates
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Views: 13 Pramod Baviskar
GBP exchange rate set for higher week
UK public borrowing drops, helping to shore up the GBP exchange rate
Views: 54 VFXplc
The Pound US Dollar GBP USD Exchange Rate Dropped to 1.2111 before the Weekend.
GBP USD remained trending at an over 30-year low as this afternoon’s US Gross Domestic Product (GDP) data for Q3 yielded positive news for the world’s number one economy, revealing that economic growth Stateside had reached its fastest pace for two years during the three months to the end of September.
Views: 46 exchange money
Learn Currency Exchange Rates http://currencymarketupdates.com/easy-forex Before you start trading currencies you need to learn all you can abour currency exchange rates. It is then that you can start to take advantage of information like this and really make good profits. Today we are looking at the British economy contraction and the latest US data and its effect on the US dollar. Currency Exchange Rates UK Economic activity in the British economy is contracting at a slightly slower pace than had previously been estimated, according to this morning's finalised version of the UK's Q2 GDP growth figures. However, a 0.4% shrinkage in the British economy in the space of three months is hardly cause for celebration. In spite of this, the POUND STERLING has registered moderate gains against most of the other majors so far today, and is expected to trade with a NEUTRAL TO POSITIVE bias moving forward. Currency Exchange Rates US This afternoon's US data made grim reading for investors holding US DOLLAR-denominated assets. The effect of very weak Durable Goods figures for last month were accentuated by Q2 GDP Growth numbers which printed at a much lower level than had been anticipated. The Greenback has weakened in the aftermath of the releases, suggesting that market participants are still viewing poor US data sets as giving the green light for the Fed to up the $40bn per month they have allocated to QE3. While this remains the case, the Buck is likely to trade on a NEUTRAL TO NEGATIVE footing. The GBP USD exchange rate stands at 1.6225. Contributed by Tim Boyer http://www.currencynews.co.uk/forecast/20120927-5044_currency-predictions-for-gbp-usd-eur-nzd.html cmu2012forex Latest Currency Exchange Rates EUR/USD,GBP/USD,USD/JPY,XAU/USD,AUD/USD,CAD/USD For the latest currency exchange rates updates visit http://currencymarketupdates.com Currency Exchange Rates http://www.youtube.com/watch?v=0SpgH8m7e8g
Views: 466 Tom Nadir
Pound US dollar exchange rate: GBP steady as markets brace for US GDP reading
Pound US dollar exchange rate: GBP steady as markets brace for US GDP reading
Views: 27 New World Money
How to Add Real Time Currency Converter in Excel Sheet (Calculate Currency & Update)
Add and Calculate All Currencies in Real time in Excel Sheet also update currency.. Click here for more detail... http://www.bsocialshine.com/2016/04/how-to-add-real-time-currency-converter.html Euro, dinar, US dollar, taka, rupees, franc, real, peso, pound, rupiah, rial, yen, shilling, dirham, rupee, riyal, rubie, Saudi riyal, rand, won, lira,
Views: 109376 MJ Tube
Pound US dollar exchange rate: GBP drops against USD before BoE meeting.
Pound US dollar exchange rate: GBP drops against USD before BoE meeting. THE pound has dipped against the US dollar today, making £1 worth $1.314. This has left the pound US dollar exchange rate trading around a seven-month low, making it the lowest level since mid-November 2017. Tension ahead of today’s Bank of England (BoE) meeting has been the main negative factor affecting the pound today, with traders uncertain about what could transpire. An interest rate hike today is not expected, but some economists are pricing in a rate hike soon, among them is Standard Chartered Bank’s Sarah Hewin. She said: “We think August - we think there is still enough momentum in the economy for the policymakers to believe that they need to start to nudge rates higher. “[Interest] rates are very low at the moment.” We think August - we think there is still enough momentum in the economy for the policymakers to believe that they need to start to nudge rates higher Standard Chartered Bank’s Sarah Hewin On the other side of the pairing, the US dollar has appreciated on Wednesday’s US crude oil stock data; this has shown the biggest weekly decline in supplies since January. A lower level of oil stocks has driven up crude oil prices in the US, which has an inflationary effect. After a week of Brexit speculation and industrial stats affecting the pound US dollar exchange rate, the pound will show further movement today. Bank of England (BoE) policymakers will meet at noon to discuss interest rates; the BoE’s meeting minutes and a press conference by Governor Mark Carney is likely to influence the pound US dollar exchange rate this afternoon. As mentioned above, some economists are pricing in an August interest rate hike – and if the minutes show support for a near-term interest rate increase then the pound could rally. Similarly, if Mr Carney hints at any interest rate hike at all in 2018, let alone August, then Sterling could also rise in value. If the minutes and Mr Carney make no reference to a potential interest rate hike in the near-future, however, the current pound US dollar exchange rate losses could extend. After the dust has settled from today’s BoE event, the US dollar could see movement this evening when the Federal Reserve releases banking stress test results. The Fed’s tests are to see if the US’s biggest banks are capable of surviving a theoretical economic downturn; for context all surveyed banks passed 2017’s test. If all banks are reported to have passed this year’s tests, the US dollar could rise further against the pound as US dollar investors become more confident.
Views: 45 21 News
How to Exchange + Spend Money in London
Find out how to exchange your currency for British Pounds when visiting London. I also tell visitors to London how to get British Pounds before getting to London, and tips for spending your money while you're here. *click "see more" to get my London guide* My other London advice videos: 10 Important Things to Know Before Visiting London: https://www.youtube.com/watch?v=xX9OkVTnQUc&index=1&list=PL6u96nZN-L_bjBvhTdAYvq0EpL3y-At9C How to Get Around London: https://www.youtube.com/watch?v=TaArq1R1n1c&list=PL6u96nZN-L_bjBvhTdAYvq0EpL3y-At9C&index=2 What to Pack When Visiting London: https://www.youtube.com/watch?v=HlFIY6ZiMI0 Subscribe for more videos like this every week (it's free): https://www.youtube.com/subscription_center?add_user=loveandlondon **Get my free London 101 Guide!! http://loveandlondon.com/london-101-guide-main?utm_source=Youtube&utm_medium=video&utm_campaign=Money Mentioned in this video: Find UK Post Office locations in London: http://www.postoffice.co.uk/branch-finder XE currency finder app: http://fave.co/1sGFlUF Capital One card: https://www.capitalone.com/credit-cards/average-and-building/?Log=1&EventType=Link&ComponentType=T&LOB=MTS%3A%3ALCTMMQC4S&PageName=Credit+Cards+Home&PortletLocation=4%3B16-col%3B2-2-1-1&ComponentName=Average-credit-cchp%3B41&ContentElement=1%3BAverage+or+Building+Credit&TargetLob=MTS%3A%3ALCTMMQC4S&TargetPageName=average+or+building&referer=https%3A%2F%2Fwww.capitalone.com%2Fcredit-cards You can also find me on: Blog: http://loveandlondon.com Twitter: http://twitter.com/jess_inlondon Instagram: http://instagram.com/jess_inlondon Facebook: http://facebook.com/Loveandlondon Pinterest: http://pinterest.com/jess_inlondon Snapchat: jess_inLondon Music Provided by NoCopyrightSounds: Kontinuum - First Rain: www.youtube.com/watch?v=SKI1P2gEK54 Kontinuum: https://soundcloud.com/Kontinuum
Views: 53308 Love and London
Pound to Pkr Today -will Pound  go high in Pakistan Graph 2018 -usd DOLLAR Rates Today in pakistan
Pound to Pkr Today and usd DOLLAR Rates Today in pakistan. Hello friends hope good for you after watching this video on usd to pkr updates for the year 2018. Individuals or investors may also find currency exchange rates archives or history, and also up to date from today's open market currency exchange rates, dollar rates, forex articles & graphs for major cities of Pakistan such as; open market currency rates in Karachi, exchange rates of Pakistan in Lahore, money exchange. Forex.com.pk (Pakistan) offers daily open market forex rates in Pakistan. Also listing Forex Banks and Dealers directory of Pakistan. Forex news and articles like Introduction to Foreign Exchange, Forex Margin Trading, Foreign Market Existence, Forex Development History and Forex Trading.Pakistan Currency Exchange (Pvt) Ltd. was incorporated under Companies Ordinance 1984 on 20th June 2003, in Karachi, Pakistan. In 70's Hundred of thousands of Pakistani Nationals left for Middle East, Europe, and USA for better prospect and to earn livelihood. Read More. Forex RATES. 13-01-2018 . Find currency rates in Pakistan. Also find daily live and updated open market currency exchange rates. You can find US$ Dollar rates update, also find SAR, AED, EUR, CAD, AUD international major currencies open market forex/foreign exchange rates in PKR Pakistani Rupee. ----------------------------------------------------------------------------------------------------------- Watch More... How To Change Video Background and edit videos : https://www.youtube.com/edit?o=U&video_id=Aq0fSi-DNEA 4 Best Video Sharing Websites For Video Creators Or Earnings https://www.youtube.com/edit?o=U&video_id=eKOUlneRCJU How To Make Free Internet Phone Calls From PC https://www.youtube.com/edit?o=U&video_id=fMgDYYpZkhg Best And Budget Microphones For YouTube And Studio Recording https://www.youtube.com/edit?o=U&video_id=peI_qeaAQpE How To Check Who Is Using Your pc https://www.youtube.com/edit?o=U&video_id=PW3ZPl9fFc4 How To remove cracks on Mobile Phone https://www.youtube.com/edit?o=U&video_id=gz4aNK0iKCc How To Change WiFi Passwords For Others https://www.youtube.com/edit?o=U&video_id=veBGUnTwajA ----------------------------------------------------------------------------------------------------------- Related Keywords : pound to pkr history pound to pakistani rupee rate today gbp to pkr forecast pound rate in pakistan today pound rate in uk euro to pakistani rupee dollar to pkr 1 pound in pakistani rupees ----------------------------------------------------------------------------------------------------------- About : Channel Name :YTGuide Video : Pound to PKR Today. Whatsapp : +923045753765 Facebook : www.facebook.com/ytguide Twitter : www.twitter.com/ytguide website : www.ytguide.blogspot.com ------------------------------------------------------- If you like this video on Pound to PKR Today then please share it and subscribe to my channel.
Views: 2695 YTGuide
Today News - Pound US dollar exchange rate: GBP rises on fears of US-Japan trade clash
Today News - Pound US dollar exchange rate: GBP rises on fears of US-Japan trade clash The pound is trading higher against the US dollar today. (Image: GETTY)Speaking to the Wall Street Journal, US President Donald Trump spoke of America’s long-standing good relationship with Japan. He said: “That will end as soon as I tell them how much they have to pay.”It is unclear precisely what form a US-Japanese trading spat could take, but Derek Scissors of the America Enterprise Institute believes that vehicles could factor into the matter. He said: “[Mr Trump] likes to pick trade fights.... Source: http://c.newsnow.co.uk/A/2/953353612?-42097:28482:3 © Today News THANK YOU for your watching SUBSCRIBE my channel for more videos: https://xuri.co/todaynews ─────────────────── ▼ DISCLAIMER : ➤ If you have problems about copyright or label, please contact me via email or YT inbox. Thank you :) ➤ If you wanna use my uploads in your videos/streams, please give a link back to my original video, thats all ;) #TodayNews #News #News24 #LiveNews #NewsLive #NewsToday
Views: 47 Today News
Forex Tutorial: How to Read a Currency Quote 🙌
How to read a currency quote http://www.financial-spread-betting.com/forex/forex-trading.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Let's look at some examples; EUR/USD - 1.32 - the currency on the left hand side is called the base currency. When trading a currency you are always trading one currency against another i.e. you trade them in pairs in relation to each other. For one EUR how many US Dollars do I get - and the answer to that is 1.32 USD/JPY - 102.5 For 1 USD you get back 102.5 Japanese Yen. GBP/USD - 1.58 For 1 Pound Sterling I get back 1.58 US $ EUR/USD 1.32 - 1.33 USD/JPY - 102.5 - 102.6 GBP/USD - 1.58 - 1.59 Let's say we go long GBP/USD - what we are doing is going long GBP, short USD i.e. buying Pound and selling Dollar. When we see a broker with a currency quote we will see two quotes say GBP/USD: 1.58 - 1.59. If we want to buy this we would need to buy at the ask of 1.59
Views: 3453 UKspreadbetting
GBP foreign exchange currency rate down v USD
It seems that the poor old GBP can't catch a break these days, as its foreign exchange currency rate sank against the USD despite positive British data.
Views: 62 VFXplc
Trading Outlook for USD-pairs, Euro & Sterling Crosses, Gold & More
In this webinar, we discussed the technical outlook on several USD-pairs, noted a couple of set-ups in EUR &GBP-crosses, and touched on precious metals and equity indices. @PaulRobinsonFX
Views: 539 DailyFX
GBP international foreign exchange rate boost
QE3 announcement comes to the detriment of the USD international foreign exchange rate
Views: 6 VFXplc
Currency Rates in Pakistan OPEN MARKET CURRENCY RATES IN PAKISTAN Currency Rates in Pakistan Currency Rates in Pakistan today, Currency Rates in Pakistan open market currency exchange rates, open market currency exchange rates of US$ dollar currencies buying and selling rates Saudi Riyal Rates in Pakistan UAE Dirham Rates in Pakistan British Pound Rates in Pakistan USD Dollar Rates in Pakistan Euro Rates in Pakistan Pakistan Rupee Exchange Rates 2017 Two Places by A Himitsu https://soundcloud.com/a-himitsu Creative Commons — Attribution 3.0 Unported — CC BY 3.0 http://creativecommons.org/licenses/b... Music promoted by Audio Library https://youtu.be/acf2A18mw3A
Views: 34368 Staso Malgaray
EUR/USD and GBP/USD waiting for GDP and Interest Rate: Oct 23 – 27, 2017
This week promises to be more interesting than the last one in Forex. With three immense economic events coming in quick succession it promises to deliver some volatility for the Pound, Euro and the Dollar. David previews the three data points first focusing on the Euro where the currency pair has been trading in a range for the past several weeks. The trend from the last six or so months has been depleted and to pattern lovers it looks like a head and shoulders formation but this week’s ECB interest rate announcement on Thursday will be the main inflection point. UK GDP will influence the GBP/USD, the number is due on Wednesday and will provide clues as to how the economy is faring in these tumultuous times. Uncertainty continues to grow about the Brexit talks and if there are first indications of an impact on the economy from the referendum. The key levels to watch are 1.302 on the downside and 1.333. At Trading 212 we provide an execution only service. This video should not be construed as investment advice. Investments can fall and rise. Capital at risk. CFDs are higher risk because of leverage.
Views: 3670 Trading 212
Breaking News | Pound Sterling to US Dollar (GBP/USD) Exchange Rate Drops as Tariffs Boost USD Appe
Breaking News | Pound Sterling to US Dollar (GBP/USD) Exchange Rate Drops as Tariffs Boost USD Appeal Breaking News | Pound Sterling to US Dollar (GBP/USD) Exchange Rate Drops as Tariffs Boost USD Appeal June 19, 2018 - Written by James Fuller STORY LINK Daily Currency News: Pound Sterling to US Dollar (GBP/USD) Exchange Rate Drops as Tariffs Boost USD Appeal Monday’s trading session saw the Pound to US Dollar exchange rate open in the region of 1.3271 and close down lower around 1.3258. This slight deterioration came after the news that the British Chambers of Commerce (BCC) had downgraded its UK economic growth forecasts for both 2018 and 2019. This year’s predicted growth levels were cut from... SUBSCRIBE To Our Channel : https://www.youtube.com/channel/UCPMjaOmdSqkcKmrntN5TF4Q Facebook : https://www.facebook.com/World-Breaking-News-1801911953358902/ Twitter : https://twitter.com/trinhhuuminhly Google+ : https://plus.google.com/u/0/101746655803030079868 Pinterest : https://www.pinterest.com/adanjanuzai/ Wedsite : http://www.bbc.com/news Instagram : https://www.instagram.com/world_breaking_news_tv/ Source : http://c.newsnow.co.uk/A/2/942863246?-: Thanks For Watching Video. Please SUBSCRIBE
A Long Term Look at The Australian Dollar | AUD against USD, EUR, GBP & NZD.
Australian Dollar // At The Currency Shop, we update you weekly on what is happening with the Australian dollar between other major currencies. In this video we look at the Australian Dollar exchange rate over the last two years to get a better idea of how our currency is performing. We will discuss the AUD against the US Dollar (USD), Euro (EUR), Pound (GBP) and New Zealand Dollar (NZD). 3-Minute Read - To read more about the forecasts from major Australian banks, you can read our article here: http://bit.ly/2AhS1bd. ***The mid market exchange rates, or actual exchange rates, were collected on Saturday May 26th at 9am. The average bank rates were calculated at the same time using publicly available website pages from Australia’s big four banks; Westpac, ANZ, NAB and Commonwealth Bank. ____________________________________________________________________ Subscribe here: http://bit.ly/2yrSi7B Facebook: https://www.facebook.com/TheCurrencyS... LinkedIn: https://www.linkedin.com/company/the-... Website: https://www.thecurrencyshop.com.au ____________________________________________________________________ Contact us: 1800 004 930 [email protected] ____________________________________________________________________ This video is for informational purposes only and is not to be construed as an offer to buy or sell any currency or other financial instruments. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. You should consider whether any advice or recommendation in this research is suitable for your particular circumstances. The mid market exchange rates, or actual exchange rates, were collected from XE.com on Saturday May 26th at 9am. The average bank rates were calculated at the same time using publicly available website pages from Australia’s big four banks; Westpac, ANZ, NAB and Commonwealth Bank.
Views: 227 The Currency Shop
Why is Rupee falling against US Dollar?
"Why does dollar price go up and down?". He explained me the reason. I am going to simplify same explaination here. Lets assume there are only two international traders between India and US. - Mr Patel in Mumbai who supplies Diamond Jewelry to a store in New York. - Mr. Brown in Chicago who supplies Industrial Robots in Noida. Assume dollar price today is 45 rupees. Today Patel sold 10 piece Jewelry set to NY store, cost of each piece was 1000 dollars. Total selling amount = 10,000 dollars. Now Patel wants to convert 10,000 dollars to Rupees. If rate is 45 rupees to 1 US dollar. After conversion Patel should get 4.5 Lakh rupees. Same evening Mr. Brown from Chicago, sells one industrial robot in Noida for Rs. 2.25 lakhs. As per 45 rupees to dollar rate, Brown is expecting to convert Rs. 2.25 lakhs to 5000 US dollars. So we have -- 10,000 US dollars to be converted to rupees. [After conversion worth Rs. 4.5 Lakhs] -- Rs. 2.25 Lakhs to be converted to dollars [After conversion worth 5000 US dollars] We have a problem. Demand for Rupees is more than that for dollars. In other words for this particular trading day, there seems to be more supply of dollars than that of rupees. Patel and Brown log to Foreign Exchange website to convert their currency. First 5000 dollars gets exchanged easily. And the rate is Rs. 45 to 1 US dollars. Brown is happy he got his 2.25 lakhs converted to 5000 US dollars, he logs out of website and goes home. Patel still has more 5000 US dollars to convert in to Rupees. He got some money on credit from a friend and promised to return him on time with small interest fee. Patel also wants to pay salary to karigar (people on manufacturing floor) who manufactured jewelry for him. Patel is now desperate to convert remaining 5000 dollars to rupees. Lets add one more character in to story now. Mr Desai who runs a Travel Agency and organises tours to countries like UK, USA, Asia etc. He logs to website and sees someone waiting to exchange 5000 US dollars to rupees. Desai knows that he will need US dollars sometime next month and was looking to buy some at good price. He offers a bargain. Last price for dollar was 45 rupees, but if someone sells dollars for 43 rupees, I will buy it. Patel being in rush, agrees to sell dollars for lower price. Patel converts remaining 5000 US dollars at rate of 43 rupees. 5000 x 43 = 2.15 lakhs. Patel doesn't mind loosing small amount because he will able to make payments on time. Now latest Exchange rate is: Rs. 43 to 1 US dollar. After few weeks , Desai (Travel agent) gets a big contract to organise tour for a group of 100 people. He needs lot of dollars, he logs in to website and sees Patel ready to sell 10,000 dollars for 47 rupees. Desai desperately needs dollars, he buys it. Now excahnge rate is: Rs. 47 to 1 US dollar.
Views: 360345 MumbaiPav
Pound Sterling to New Zealand Dollar Exchange Rate Forecast: Are GBP/NZD Losses ahead on Confidence
Pound Sterling to New Zealand Dollar Exchange Rate Forecast: Are GBP/NZD Losses ahead on Confidence Data? » Future Currency Forecast The Pound (GBP) has fallen by -0.3% against the New Zealand Dollar (NZD) today, trading at a level of NZ$1.9286. This is a near a one-week high in the GBP/NZD exchange rate, but the week ahead might not see repeat gains for Pound Sterling. This is mainly down to a severe data shortage – the only major economic news to speak of will be the GfK consumer confidence reading out on Friday (31st August). The reading will measure changes to consumer sentiment levels in August and is currently tipped to... --------------------- Don't Forget Subscribe: https://www.youtube.com/channel/UCBqpX_GpN-yTCbBADAbUutA?sub_confirmation=1
Views: 7 NZ News
Trading the GBP/USD Currency Pair - A Beginner's Guide 🙂
5 minute guide to the GBP/USD (Cable). http://www.financial-spread-betting.com/forex/spread-betting-sterling-dollar.html This is a beginner guide to trading the Pound/USD. PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! This is a very popular currency pair amongst retail traders because it can also be quite volatile. Also quoted as trading cable. This currency pair is basically telling us how many US dollars are needed to purchase a pound. Things that will move the GBP/USD are obviously things that would impact the British economy like interest rates, unemployment rates, factory output..etc The Bank of England controls the rate of interest rates in Britain. The GBP/USD is a little bit more volatile than the EUR/USD.
Views: 1591 UKspreadbetting
Lesson 1 - What is Forex and how does It work?
Know your forex terms Before we delve any deeper into the possibilities that exist in the Forex market, we need to go over some basic Forex market terms. Pip: A pip (percentage in point) or point, is usually the smallest unit of measurement in the Forex market. Most currency pair quotes are carried out four decimal places—i.e. 1.4500. When you work with Alpari quotes are carried out to the 5th decimal place to provide better pricing. The 5th decimal place represents fractional pips. If the exchange rate of a currency pair moved from 1.45000 to 1.45100, we would say that the price moved up 10 pips. You make money when the pips move your way in a trade. Note: Any exchange rate that contains the Japanese yen as one of the currencies will only be carried out three decimal places. Currency Pair: We wouldn't have a Forex market if we weren't able to compare the value of one currency against the value of another currency. It is this comparison that drives prices. Forex contracts are always quoted in pairs. The Euro vs. the U.S. dollar (EUR/USD) is the most heavily traded currency pair. The U.S. dollar vs. the Japanese yen (USD/JPY) is another popular pair. The following is a list of the most common currency pairs, their trading symbols and their nicknames: Euro vs. U.S. dollar (EUR/USD): "The Euro" Great Britain Pound vs. U.S. dollar (GBP/USD): "Pound," "Sterling," or "The Cable." U.S. dollar vs. Swiss franc (USD/CHF): "The Swissie U.S. dollar vs. Japanese yen (USD/JPY): "The Yen" U.S. dollar vs. Canadian dollar (USD/CAD): "The CAD," or "Loonie" Australian dollar vs. U.S. dollar (AUD/USD): "The Aussie" New Zealand dollar vs. U.S. dollar (NZD/USD): "The Kiwi"
Views: 1005993 Alpari UK
Pound vs dollar: gbp/usd exchange rate climbs on norway’s vote of confidence
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How to Easily Calculate Cross Currency Rates 👍
Calculating currency cross pair rates. http://www.financial-spread-betting.com/forex/forex-trading.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! What are cross pairs in forex? Calculating currency cross pair rates. A quick video on how to calculate the currency cross pair rate... Calculating foreign exchange cross-rates: What is a cross? Many years ago if you wanted to convert Pounds into Yen, you first needed to convert it into Dollars and then convert those dollars into Yen. However times have changed and nowadays we have the crosses which means that we can bypass that USD transaction. Crosses examples (common them is that there is no USD component): GBP/JPY EUR/JPY EUR/CHF EUR/GBP We have GBP and we want to convert them into JPY GBP/USD = 1.296 USD/JPY = 110.54 GBP/JPY = 1.296 x 110.54 = 143.26 So you can see how all this is interrelated and you can see how banks use arbitrage to maximise their profits. Check out our forex trading tutorials and strategies in the Forex playlist: https://www.youtube.com/playlist?list=PLnSelbHUB6GSkemabSElvunFNn0SoMUTF
Views: 281 UKspreadbetting
Trading Outlook for USD, Sterling/Euro/Yen-crosses & More
In this webinar, we focused on USD-pairs along with a few select EUR, GBP, JPY cross-rates; also glanced at commodities and equity indices. @PaulRobinsonFX
Views: 597 DailyFX
Pound to euro exchange rate Sterling FALLS following disappointing UK growth figures
Pound to euro exchange rate Sterling FALLS following disappointing UK growth figures.THE POUND is currently trading against the euro at €1.125 after disappointing UK growth figures following the Autumn Budget..The pound is currentlytrading against the euro at €1.125, a slight dip from yesterday’s figures of €1.128.It falls after a successful week having climbedbefore the Autumn Budget announcement yesterday.Chancellor Philip Hammond’s comments regarding UK growth have impacted the pound.He stated inlifestyle,automotive,culture,food and beverage,home and garden,theater,travel,ctp_video,pound euro exchange rate,exchange rate,exchange rates,pound exchange rate,euro exchange rate,pound to euro,pound sterling,sterling,autumn budget,uk growth
Views: 16 Travel Media
Pound US dollar exchange rate: GBP slumps as UK GDP at five-year low.
Pound US dollar exchange rate: GBP slumps as UK GDP at five-year low. THE pound continued its retreat against the US dollar this morning as markets reacted to the release of the UK’s latest GDP estimate. The pound US dollar exchange rate is currently at around $1.3362. This is down by around 0.2 per cent from this morning’s starting levels and close to the five-month low struck on Wednesday. According to data published by the Office for National Statistics (ONS) the UK’s economic growth was confirmed to have slowed from 0.4 per cent to 0.1 per cent in the first quarter of 2018. The ONS reports that weak household spending saw consumer-facing sectors being the most heavily hit in the first three months of the year, prompting growth to slump to a five-year low. It stated: “While the bad weather had some impact on the economy, particularly in construction and some areas of retail, its overall effect was limited, with partially offsetting impacts in energy supply and online sales.” Also impacting Sterling sentiment were the UK’s accompanying business investment figures for the first quarter, which revealed business investment shrank by 0.2 per cent at the start of the year. A number of analysts pointed to the ongoing uncertainty surrounding Brexit as the likely cause behind this, with many firms reluctant to invest in the UK when its future relationship with the EU still remains so unclear. Meanwhile movement in the US dollar this morning continues to be driven by President Donald Trump’s decision to cancel his summit with North Korean Leader Kim Jong-un next month. This prompted fears of a reescalation in tensions between the two countries, leading some investors to shun the US currency. While the bad weather had some impact on the economy, particularly in construction and some areas of retail, its overall effect was limited The ONS report However the US dollar appears to be edging higher again after Pyongyang indicated it would still be willing to talk “at any time in any form” leading to optimism that the summit could still take place later in the year. Looking ahead, the pound US dollar exchange rate is poised to rebound slightly this afternoon as the US publishes its latest durable goods order figures. Economists forecast today’s data will reveal domestic order growth slumped from 2.6 per cent to -1.4 per cent in April, possibly denting the US dollar. Meanwhile, pound investors are likely to turn their focus to the Bank of England (BoE) once again as they await a speech by Mark Carney later today, with the pound possibly weakening if the BoE Governor remains cautious in his outlook for interest rates.
Views: 16 21 News
Should you transfer CAD to USD, GBP or AUD now?
This video from http://Transumo.com shows if you should WAIT or SEND NOW for CAD/USD, CAD/GBP and CAD/AUD. Exchange rates fluctuate daily, but trends form over weeks and months which helps to decide if you should transfer funds immediately or simply wait.
Views: 106 Transumo
exchange information in Bangladesh Dollar Sell in Bangladesh ডলার ক্রয় কিক্রয় CURRENCY NAMEBUY RATE(INR)SELL RATE(INR) US Dollar (USD) Sterling Pound (GBP) Euro (EUR) Swiss Franc (CHF) Australian Dollar (AUD) Canadian Dollar (CAD) Singapore Dollar (SGD)
GBP foreign currency exchange rate uppish
The GBP foreign currency exchange rate continues to build as the USD remains weak from budget discussions
Views: 5 VFXplc
BoE Preview: Fresh Forecasts to Influence GBP Outlook
Join DailyFX Currency Analyst David Song for a preview of the Bank of England’s (BoE) ‘Super Thursday’ event. #news #GBP #BOE #USD @DavidJSong
Views: 376 DailyFX
Foreign Currency Exchange Outlook:  USD, NZD, AUS, Sterling GBP - Forex ACM - 7-14-09
USD fell against majors earlier as recent upbeat US data boosted hopes that global economy was reaching a bottom. The positive outlooks stem from Thursdays us data showing the number of people on jobless benefits fell for the first time since January while mid atlantic region manufacturing shrank less than expected. Investors came back to buy higher yielding currencies such as the Australian and new Zealand dollars and for some traders focus is on next weeks fed meeting and treasury auction.
Views: 928 ForexTradingOnline
Olivier Desbarres FX Update: Dollar, Sterling and EM
I maintain my view expressed in January that “dollar appreciation will extend to a third consecutive year (in 2016) even if it's gains are likely to be more modest”. Modest USD rally between now and end-year including vs Sterling, premised on i) Clinton winning 8 November US elections, decent US data and my longstanding expectation of a 25bp Fed hike at 14 December meeting. Currencies of EM economies reliant on trade with US, including Mexican Peso and Brazilian Real, would likely benefit from post US election bounce, given concerns that Trump would opt for less open US economy. But looming Fed hike may ultimately cap any EM currency and equity gains. If Fed hiked in December, I would expect i) broad-based USD appreciation, ii) other major central banks (including ECB) to be more inclined to maintain their current stance on monetary policy and iii) policy rate cuts to be less frequent than in the past. EM currencies and global equities may struggle to hold onto post-US election gains while majors would underperform. Fed would want to avoid repeat of Q1 2016 when global risk appetite collapsed. Sterling Nominal Effective Exchange Rate (NEER) has depreciated about 21% since November and recently touched a 168-year low. Estimates of Sterling fair value suggest that Sterling is now undervalued and weaker than needs be for UK to run balanced current account like it did in mid-1990s and briefly in mid-2011. Conceivable that Sterling’s collapse may attract FX inflows into the UK (looking for cheap valuations) and bargain-hunting investors, stabilising Sterling or at least slowing the pace of depreciation. But there’s a risk of further Sterling weakness in next 3-6 months due to the persistence of a large current account deficit and withdrawal of foreign capital spooked by the government’s stance on EU membership and the speed of Sterling’s collapse. Visit my website for all of my research - http://www.olivierdesbarres.co.uk/
Views: 100 Olivier Desbarres