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Currency News

Monthly Currency Focus: GBP Skyrockets as No-Deal Risks Fade, US Dollar Dented by Risk-On Trade

Written by James Spurway on Thursday, November 7, 2019. Currency News - Sterling / EUR

Fading risks of a no-deal Brexit gave the Pound an opportunity to put in a stellar performance last month, while the US Dollar suffered from a persistent selling bias as a risk-on mood prevailed. Pound Sterling The Pound roared higher in October, recording its best monthly performance in over a decade as the risk of…(read more)

Weakness in Sterling and US Dollar Leave Euro Strong

Written by Alastair Archbold on Wednesday, October 2, 2019. Currency News - Sterling / EUR

Pound News: Sterling Volatile on Reaction to Government’s Alleged Brexit Plans The Pound fluctuated widely yesterday, trending lower in the afternoon as the UK government’s alleged proposals to resolve the Irish border issue failed to impress political analysts and left Sterling weaker. Britain’s September construction PMI is due for publication today but the spotlight will…(read more)

Sterling Rebound and Safe-Haven US Dollar Leave Euro in the Dust

Written by James Spurway on Tuesday, October 1, 2019. Currency News - Sterling / EUR

Pound News: Sterling Rebounds from Week of Steep Losses The Pound recouped some of its recent losses yesterday despite persistent Brexit jitters haunting GBP exchange rates. UK growth and business investment data printed better than expected, offering limited support for Sterling. Markit’s September UK manufacturing PMI will slip into a spotlight otherwise dominated by Brexit…(read more)

GBP/USD Driven by US-China Trade Developments and UK Political Uncertainty

Written by Alastair Archbold on Monday, September 30, 2019. Currency News - Sterling / USD

Last week’s high: $1.2497 Last week’s low: $1.2275 Pound Weakened by Brexit News, US Dollar Driven by Risk-Appetite The GBP/USD exchange rate shed almost two cents over the course of last week as the resumption of parliament created political chaos, weakening the Pound, while a risk-off environment bolstered the US Dollar. At the start of…(read more)

GBP/CAD Sinks on Bank of England Rate Cut Fears

Written by Alastair Archbold on Monday, September 30, 2019. Currency News - Sterling / CAD

Last week’s high: CA$1.658 Last week’s low: CA$1.628 Canadian Dollar Edges Higher as BoE Signals Raise Rate Cut Fears The Pound Canadian Dollar (GBP/CAD) exchange rate was subdued at the opening of last week’s session as Prime Minister Boris Johnson downplayed the prospect of a Brexit deal. At a UN summit in New York, Mr…(read more)

GBP/EUR Fails to Capitalise on Extended German Manufacturing Decline

Written by Alastair Archbold on Monday, September 30, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1355 Last week’s low: €1.1124 Disappointing German Manufacturing PMI Fuels Euro Weakness Further signs of a German economic slowdown emerged with the publication of September’s manufacturing PMI. A deeper and unexpected move into contraction territory, with the index sliding from 43.5 to 41.4, fuelled fears for a potential recession in the Eurozone’s…(read more)

GBP/AUD Exchange Rate Falls Despite Expectations for RBA Rate Cut

Written by Alastair Archbold on Monday, September 30, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8437 Last week’s low: AU$1.8165 ‘Aussie’ Rises despite Dovish Comments From RBA Governor Lowe The ‘Aussie’ slipped against the Pound on Tuesday as the Reserve Bank of Australia (RBA) Governor, Philip Lowe gave his clearest indication yet that the central bank will slash interest rates in October. While he said previous cuts…(read more)

Brexit, UK Election, and US Impeachment Fears Drive Jittery Trade

Written by Alastair Archbold on Thursday, September 26, 2019. Currency News - Sterling / EUR

Pound News: Sterling Weakens as Election Uncertainties Return The Pound fell yesterday on fresh uncertainties about the future of UK politics as UK Parliament reconvened following its unlawful prorogation. The government has once again indicated it will try to force a general election, and concerns persist that a no-deal Brexit could still be forced as…(read more)

Pound Fluctuates as UK Supreme Court Rules Against Government

Written by Alastair Archbold on Wednesday, September 25, 2019. Currency News - Sterling / EUR

Pound News: Sterling Jumps as Supreme Court Rules against Government’s Prorogation The Pound advanced against most major rivals yesterday following a unanimous ruling from Britain’s Supreme Court that the government’s prorogation of parliament was unlawful. Due to the ruling, hopes are now rising for MPs to take  action to prevent a no-deal Brexit. Parliament is…(read more)

Pound Tumbles on Brexit Uncertainties Ahead of Supreme Court Decision

Written by Alastair Archbold on Tuesday, September 24, 2019. Currency News - Sterling / EUR

Pound News: Sterling Falls on Brexit Jitters Ahead of Supreme Court Decision The Pound’s recent rally appeared to come to an end yesterday with disparaging comments from both UK and EU officials casting doubts on market hopes for a breakthrough in Brexit talks. The UK Supreme Court will announce its decision on the legality of…(read more)

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