{"id":2873,"date":"2013-05-28T15:54:31","date_gmt":"2013-05-28T15:54:31","guid":{"rendered":"http:\/\/www.mycurrencytransfer.com\/blog\/?p=2873"},"modified":"2013-05-28T15:54:31","modified_gmt":"2013-05-28T15:54:31","slug":"gbp-has-positive-medium-term-outlook-say-analysts","status":"publish","type":"post","link":"https:\/\/www.mycurrencytransfer.com\/blog\/gbp-has-positive-medium-term-outlook-say-analysts\/","title":{"rendered":"GBP has positive medium term outlook say Analysts"},"content":{"rendered":"<p><a href=\"https:\/\/plus.google.com\/111687047260609547765\/posts\"><b>Sinduja Venkat<\/b><\/p>\n<p><\/a><\/p>\n<p>Good morning and welcome to today\u2019s foreign exchange market commentary on 28th of May.<b>\u00a0<\/b><\/p>\n<p><b>Here are MyCurrencyTransfer.com\u2019s top 5 currency highlights:<\/b><\/p>\n<ul>\n<li>GBP will continue to strengthen say Analysts<\/li>\n<li>EUR volatility to continue over medium term<\/li>\n<li>USD rallies amidst high expectations for housing and Fed data<\/li>\n<li>Yen continues to weaken as Japanese stocks soar<\/li>\n<li>AUD settling lower and lower<\/li>\n<\/ul>\n<p><b>CURRENCY RATES OVERVIEW\u00a0 <\/b><\/p>\n<p><b>GBP\/EURO \u2013 <\/b>1.1696<br \/>\n<b>GBP\/USD \u2013 <\/b>1.5046<br \/>\n<b>GBP\/CHF \u2013 <\/b>1.4668<br \/>\n<b>GBP\/CAD &#8211; <\/b>1.5605<br \/>\n<b>GBP\/AUD \u2013 <\/b>1.5614<br \/>\n<b>GBP\/ZAR \u2013 <\/b>14.6661<br \/>\n<b>GBP\/JPY \u2013 <\/b>154.0372<br \/>\n<b>GBP\/HKD \u2013 <\/b>11.6815<br \/>\n<b>GBP\/NZD \u2013 <\/b>1.8620<br \/>\n<b>GBP\/SEK \u2013 <\/b>10.0270<\/p>\n<p><i>Mid-market rates as of 2013-05-28 14:39 UTC<\/i><\/p>\n<p><b>Making an international payment? Compare money transfer deals and save 3-5 % on your currency. <\/b>Making an\u00a0<a href=\"http:\/\/www.mycurrencytransfer.com\/\">international money transfer<\/a>? Compare money transfer deals and save 3-5 % on your currency exchange with better-than-bank exchange rates.<\/p>\n<p><b>Key releases in the next 24 hours that may affect currency date:<\/b><\/p>\n<p><b>Australia:\u00a0<\/b>No Data<br \/>\n<b>Europe:\u00a0<\/b>No Data<br \/>\n<b>United Kingdom:\u00a0 <\/b>No Data<br \/>\n<b>New Zealand:\u00a0<\/b>No Data<br \/>\n<b>United States of America:\u00a0<\/b>USD Consumer Confidence (MAY)<br \/>\n<b>China: <\/b>No Data<br \/>\n<b>Canada: <\/b>No Data<br \/>\n<b>Japan: <\/b>JPY Large Retailers&#8217; Sales (APR), JPY Retail Trade (YoY) (APR)<\/p>\n<p><b>GBP will continue to strengthen say Analysts<\/b><\/p>\n<p>Analysts from BoA and Merill Lynch noted that several pointers indicate that the higher than expected weakness in UK CPI inflation last month is not a trend that will continue in the medium term. Inflation of CPI is expected to advance at the rate of 3% over the next few months owing to the potential boost from the dip in GBP value at the beginning of 2013. The analysts also indicated that following BoE\u2019s vote in May to put the quantitative easing programme on hold May, it is now a wait and watch period before considering whether this recent spate of low CPI data can suggest a weaker medium-term inflation outlook when compared to their CPI inflation projections for May.<\/p>\n<p><b>EUR volatility to continue over medium term<\/b><\/p>\n<p>An absence of significant data releases or EU meets has put EUR in a quiet spot as of now with expectations that volatility will resume for the EUR\/USD in the days following up to the next ECB meeting in early June. EUR\/USD currently lacks any certain direction and this reflects the risk averseness of investors. Market news however continues to be in favour of ECB implementing negative interest rates in the event that conditions in Eurozone dip further.<\/p>\n<p><b>USD rallies amidst high expectations for housing and Fed data<\/b><\/p>\n<p>The markets indicate an expectation that today\u2019s Richmond Fed reports will demonstrate a flat trend along with improvements being expected in the Dallas Fed and Conference Board Consumer Confidence. Housing prices are also expected to post strong showing with a 1% gain in April compared to the previous month.<\/p>\n<p><b>Yen continues to weaken as Japanese stocks soar<\/b><\/p>\n<p>Japanese stock markets advanced for the second straight session following up from Monday\u2019s spectacular rally despite a dip in the value of JGB 20-year government bonds. The Nikkei 225 is once again in the green at 14311.98 with an increase of 1.20%.<\/p>\n<p><b>AUD settling lower and lower<\/b><\/p>\n<p>AUD remains under pressure against the greenback at the 0.96-level following investor concerns over slowing economic growth in China. The Aussie seems to have settled for a consistent low position and this trend is likely to continue over the medium term.<\/p>\n<p><i>Going on holiday? Compare travel money deals with our sister site mytravelmoney.co.uk<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sinduja Venkat Good morning and welcome to today\u2019s foreign exchange market commentary on 28th of May.\u00a0 Here are MyCurrencyTransfer.com\u2019s top 5 currency highlights: GBP will continue to strengthen say Analysts EUR volatility to continue over medium term USD rallies amidst high expectations for housing and Fed data Yen continues to weaken as Japanese stocks soar AUD settling lower and lower [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[110],"tags":[],"_links":{"self":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/2873"}],"collection":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/comments?post=2873"}],"version-history":[{"count":1,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/2873\/revisions"}],"predecessor-version":[{"id":2874,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/2873\/revisions\/2874"}],"wp:attachment":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/media?parent=2873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/categories?post=2873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/tags?post=2873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}