February 28, 2014 at 06:00 AM EST
Currency Exchange Rate Forecasts / Predictions For Euro, Pound, US Dollar & Canadian Dollar
News of a mammoth £8.2bn loss during 2013 by the Royal Bank of Scotland (RBS) subdued the POUND STERLING (currency:GBP) on the day yesterday. RBS, which is largely state-owned, lost almost 10% of its market valuation in response and there was further bad news for the Pound early in the... The post Currency Exchange Rate Forecasts / Predictions For Euro, Pound, US Dollar & Canadian Dollar appeared first on ForexTV .

News of a mammoth £8.2bn loss during 2013 by the Royal Bank of Scotland (RBS) subdued the POUND STERLING (currency:GBP) on the day yesterday. RBS, which is largely state-owned, lost almost 10% of its market valuation in response and there was further bad news for the Pound early in the session when this month’s Lloyds Business Barometer showed a pronounced dip from January’s reading. Analysts now forecast that Sterling will trade on a NEUTRAL TO NEGATIVE footing moving forward.
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<br>&lt;h2 style=&quot;margin:0;padding:0;font-size:14px;&quot;&gt;Euro Exchange Rate Outlook/ Forecast&lt;/h2&gt;
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<br>The EURO (currency:EUR) held its ground against both the Pound and the US Dollar yesterday, in spite of some slightly disappointing German employment data. A mildly better than anticipated whole of eurozone Consumer Confidence survey helped to steady the euro’s ship and the Pound euro exchange rate GBP/EUR ended the day slightly in the red as a consequence. If this morning’s whole of eurozone Consumer Price Index inflation figures show at above the expected annualised 0.8%, then the single currency is likely to perform with a NEUTRAL TO POSITIVE bias in the near term.
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<br>&lt;h2 style=&quot;margin:0;padding:0;font-size:14px;&quot;&gt;US Dollar Exchange Rate Outlook/ Forecast&lt;/h2&gt;
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<br>Comments from the Federal Reserve’s first Chairwoman, Janet Yellen, yesterday afternoon, served to muddy the waters regarding the US central bank’s plans for tapering its Quantitative Easing programme and the US DOLLAR (currency:USD) hit a flat patch as a result. Yellen suggested that recent disappointing American data sets may be due to the terrible weather in the States. The Buck is expected to trade with a NEUTRAL TO NEGATIVE bias ahead of this afternoon’s domestic Q4 Gross Domestic Product data.
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<br>&lt;h2 style=&quot;margin:0;padding:0;font-size:14px;&quot;&gt;New Zealand Dollar Exchange Rate Outlook/ Forecast&lt;/h2&gt;
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<br>The NEW ZEALAND DOLLAR (currency:NZD) posted decent gains against Sterling yesterday thanks to Wednesday night’s encouraging NZ Trade Balance data. The numbers revealed that the level of exports out of New Zealand last month stood at over NZD4bn, while imports into the ‘Land of the Long White Cloud’ were running at just above the NZD3.5bn level. Investors holding NZD-denominated assets will be hoping that tonight’s Chinese Manufacturing data beats expectations. In such an instance, look for the Kiwi Dollar to trade on a NEUTRAL TO POSITIVE footing moving forward.
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<br>For futher exchange rate forecasts, live currency converters or to compare exchange rates for an international money transfer please refer to the main Currency News UK website.
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<br>&lt;h2 style=&quot;margin:0;padding:0;font-size:14px;&quot;&gt;Important Pound Sterling to Euro, New Zealand Dollar &amp; US Dollar Exchange Rates (As: 10:30 GMT 28/02/2014)&lt;/h2&gt;
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<br>The Pound Sterling to Euro exchange rate is trading down -0.44% at 1.21242 GBP/EUR.
<br>The Pound Sterling to New Zealand Dollar exchange rate is trading down -0.34% at 1.98841 GBP/NZD.
<br>The Pound Sterling to US Dollar exchange rate is trading up +0.26% at 1.67351 GBP/USD.

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Currency Exchange Rate Forecasts / Predictions For Euro, Pound, US Dollar & Canadian Dollar

The post Currency Exchange Rate Forecasts / Predictions For Euro, Pound, US Dollar & Canadian Dollar appeared first on ForexTV.

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