Published: 29 Apr at 11 AM Tags: Euro, Dollar, Pound Sterling, America, UK, Eurozone, Australian Dollar, New Zealand Dollar, Canadian Dollar, Australia, New Zealand, USA, Canada, Germany, Japan, South Africa,
GBP/USD â€“ Trading in the Region of 1.6816
After UK growth data showed that the nationâ€™s economy expanded by less-than-anticipated in the first quarter of 2014 the Pound edged lower against peers like the US Dollar and Euro. However, Sterling could recoup losses overnight if the UK GfK consumer confidence survey impresses.
USD/GBP â€“ Trading in the Region of 0.5948
On Monday the â€˜Greenbackâ€™ was supported by the news that US pending home sales advanced by more than expected in March, month-on-month. The safe-haven asset could strengthen further today if the gauge of US consumer confidence advances to 83 from 82.3.
EUR/USD â€“ Trading in the Region of 1.3865
During European trading the Euro rallied against the majority of its currency counterparts as investors bet that the dayâ€™s German inflation figures would alleviate some of the Eurozoneâ€™s price concerns. The common currency remained higher against its rivals even as measures of economic confidence in the Eurozone declined.
AUD/USD â€“ Trading in the Region of 0.9252
With the price of iron ore (a major Australian commodity) declining, the â€˜Aussieâ€™ slid against several of its most traded currency counterparts overnight.
NZD/USD â€“ Trading in the Region of 0.8529
Although New Zealandâ€™s trade data showed that the nationâ€™s trade surplus widened in March, the â€˜Kiwiâ€™ weakened overnight as investors engaged in profit taking.
CAD/USD â€“ Trading in the Region of 0.9104
With Ukraine tensions easing and a raft of influential economic reports due for publication later this week, the Canadian Dollar posted modest gains against several of its currency peers.
USD/JPY â€“ Trading in the Region of 102.6100
Ahead of the Bank of Japanâ€™s policy statement the Yen was little-changed against the US Dollar.
South African Rand
USD/ZAR â€“ Trading in the Region of 10.5405
While emerging-market assets recovered some of their appeal as concern over the situation in Ukraine dimmed, the Rand remained weaker against the US Dollar as investors focused on this weekâ€™s main data.
As of Tuesday, 29th April 2014, the Pound Sterling currency rates mentioned within this news item were as follows:
GBP EUR exchange rate was 1.2182, GBP USD exchange rate was 1.6824, GBP AUD exchange rate was 1.8152, GBP NZD exchange rate was 1.966, GBP CAD exchange rate was 1.8422, GBP JPY exchange rate was 172.6694, and GBP ZAR exchange rate was 17.7579.