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Currency News

Central Bank Jitters and Strong US Data Keep US Dollar Ahead of the Pack

Written by David Worthington on Friday, April 26, 2019. Currency News - Sterling / EUR

Pound News: Sterling Finds a Little Support in CBI’s Retail Report Demand for the Pound was little-changed yesterday, as investors were hesitant to keep the British currency near its best levels amid Brexit uncertainties, but the latest UK data did prevent a Sterling selloff. The Confederation of British Industry (CBI) published its latest distributive trades…(read more)

Risk Sensitive Currencies Up Despite Returning Brexit Jitters and US Dollar Strength

Written by James Spurway on Thursday, April 25, 2019. Currency News - Sterling / EUR

  Pound News: No Fresh Brexit Developments Leaves Pound Limp The brief jump in the Pound on Tuesday was short-lived, and yesterday the British currency saw mixed movement. Nevertheless, a lack of notable UK news left the Pound reacting more to movement in rival currencies. Investors are still anxious about how the Brexit process will…(read more)

Sterling Rebounds from Weekend Lows as New Global Tensions See Safe Haven Demand Jump

Written by Adam Wiffen on Wednesday, April 24, 2019. Currency News - Sterling / EUR

Pound News: Sterling Rebounds as Parliament Resumes after Easter Break Following a period of quiet trade over the long bank holiday weekend, the Pound saw a rebound in demand yesterday. Investors bid up Sterling from its Monday lows in profit taking measures as the UK Parliament’s Easter recess came to an end. Markets are now…(read more)

Retail Sales Surge in the UK and US as Eurozone Economic Activity Remains Subdued

Written by Arron Morris on Tuesday, April 23, 2019. Currency News - Sterling / EUR

Pound News: Sterling Support Limited despite Jump in UK Retail Sales The Pound rounded off last week with relatively little movement, despite some impressive UK retail sales data on Thursday indicating that consumer activity was resilient amid Brexit uncertainties. Despite this, the Pound’s appeal remained limited. Investors were hesitant to pile into the British currency…(read more)

Markets Fluctuate as Investors Digest Global Inflation Reports while Risk-Sentiment Rises

Written by David Bayliss on Thursday, April 18, 2019. Currency News - Sterling / EUR

Pound News: Sterling Remains Unappealing as UK Inflation Fails to Impress Due to reports that cross-party talks are stalling, hopes of a quick resolution to Britain’s Brexit deadlock have faded and this has left the Pound unappealing overall this week. As a result, the British currency saw limp movement yesterday. Sterling saw no notable shift…(read more)

Central Bank Comments Limit Currency Market Movements

Written by Jack Wiles on Wednesday, April 17, 2019. Currency News - Sterling / EUR

Pound News: Sterling Movement Limited by Stalling Brexit Talks After a slight rebound from last week’s losses on Monday, the Pound’s movement was more mixed and modest yesterday as investors took a break from the currency. Volatility in the Pound has dropped to its lowest levels in 16 months since the Brexit delay was announced,…(read more)

Sterling Bounces Back from Brexit Woes While US Dollar Sinks

Written by Joe Mayhew on Tuesday, April 16, 2019. Currency News - Sterling / EUR

  Pound News: Pound Rebounds after Week of Brexit Uncertainties Amid a lack of major developments yesterday, the Pound rebounded slightly as investors digested last week’s news and prepared for the week ahead. While last week’s news of a six-month Brexit delay left investors concerned about further months of economic uncertainty in Britain, some investors…(read more)

GBP/AUD Exchange Rate Slides despite Brexit Delay

Written by Alastair Archbold on Monday, April 15, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8428 Last week’s low: AU$1.8246   Pound Volatility Fades as UK Avoids No-Deal Brexit, for Now Trade in the Pound Australian Dollar exchange rate was notably more subdued last week, with the pairing not experiencing the dramatic swings seen in recent weeks as Brexit was delayed by another six months. However despite…(read more)

GBP/USD Struggles to Recover Ground in Spite of Brexit Extension

Written by Alastair Archbold on Monday, April 15, 2019. Currency News - Sterling / USD

Last week’s high: $1.3118 Last week’s low: $1.3000   Fresh Brexit Deadline Extension Offers Limited Support to GBP/USD Exchange Rate Anxiety over Brexit saw the GBP/USD exchange rate remain under pressure last week, even after EU leaders agreed a fresh extension of the exit deadline. While the Article 50 deadline was pushed back to the…(read more)

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