Foremost Currency Group

Make the most of your currency

Talk to our friendly team:+44 (0)1442 892060

Currency News

Pound Tumbles as Brexit Uncertainties Pile Up, US Dollar Strengthens on Expectations for More Fed Rate Hikes

Written by Laura Parsons on Wednesday, July 18, 2018. Currency News - Sterling / EUR

Pound News: Latest Brexit Uncertainties Knock GBP Lower UK Prime Minister Theresa May’s position on the Brexit process looks increasingly uncertain this week as following concessions on her plan in Parliament on Monday, yesterday saw May face yet another defeat on her Brexit plan. Britain’s opposition Labour Party confirmed it would back an amendment on…(read more)

Pound Volatility Expected on UK Jobs Data

Written by Reece Hansford on Tuesday, July 17, 2018. Currency News - Sterling / EUR

Pound News: Sterling Limp on Fears of Brexit Concessions Last week’s Brexit jitters kept pressure on the Pound during Monday, but investors were faced with fresh Brexit uncertainties too. Ex-UK minister Justine Greening called for the UK government to hold a referendum over whether the public preferred a soft or hard Brexit. Meanwhile, signs that…(read more)

GBP/AUD Exchange Rate Fluctuates on Trade Tensions, Brexit Uncertainty

Written by Alastair Archbold on Monday, July 16, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7937 Last week’s low: AU$1.7705 Australian Dollar Driven by Trade War Fears The Pound Australian Dollar exchange rate was marked by volatility last week, with both trade and Brexit uncertainty prompting major swings in the pairing. For the Australian Dollar a sharp escalation in trade tensions between the US and China dogged…(read more)

Pound Euro Exchange Rate under Pressure amid Brexit Speculation

Written by Michael Brothers on Monday, July 16, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1344 Last week’s low: €1.1253 Signs of ECB Hawkishness Benefit Euro Exchange Rates Comments from European Central Bank (ECB) policymakers have provoked significant volatility for the Euro over the course of the last week. Markets are continuing to speculate over the likely timing of the ECB’s first interest rate hike since 2011,…(read more)

GBP/USD Forecast: Can Sterling Rally on UK Jobs Data?

Written by Arron Morris on Monday, July 16, 2018. Currency News - Sterling / USD

Last week’s high: $1.3357 Last week’s low: $1.3115 GBP/USD Losses Down to Brexit Worries and Trump Warning The Pound traded poorly against the US Dollar last week; GBP/USD exchange rate losses started with the surprise resignation of Brexit Secretary David Davis and Foreign Secretary Boris Johnson. Both men resigned in opposition to the government’s Brexit…(read more)

Stable Oil and a Brief Risk-Rally Leaves Canadian Dollar Stronger

Written by Alastair Archbold on Monday, July 16, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7473 Last week’s low: C$1.7304 GBP/CAD Falls as Canadian Dollar Takes Advantage of Pound Weakness While the Canadian Dollar has seen little in the way of support from domestic data lately, the Pound to Canadian Dollar exchange rate still tumbled last week. Pound weakness on Brexit uncertainties, as well as a brief…(read more)

Brexit Whitepaper Sees Mixed Reaction, Risk Rally Revives on Mixed US Inflation

Written by Laura Parsons on Friday, July 13, 2018. Currency News - Sterling / EUR

Pound News: Brexit Whitepaper Brings New Optimism and New Uncertainties With UK ecostats lacking since Tuesday, Pound investors have been increasingly focused on Brexit developments – and Thursday saw the publication of the UK government’s highly anticipated Brexit whitepaper. While the whitepaper detailed plans to maintain some freedom of movement for skilled workers post-Brexit, the…(read more)

Pound Steady on Lack of Fresh Developments, Canadian Dollar Climbs as Bank of Canada Maintains Outlook

Written by David Worthington on Thursday, July 12, 2018. Currency News - Sterling / EUR

Pound News: Lack of Changes in UK Outlook Leaves Pound Steady Despite the flurry of UK political developments at the beginning of the week, the Pound saw relatively flat trade on Wednesday. While Brexit jitters persist, political jitters have faded and investors are more confident that UK Prime Minister Theresa May will maintain her position….(read more)

Pound Recovers as Political Jitters Wane, Australian Dollar Remains Supported by Risk-Sentiment

Written by James Spurway on Wednesday, July 11, 2018. Currency News - Sterling / EUR

Pound News: GBP Rebounds as UK Political Jitters Ease The Pound saw a strong recovery against major rivals like the Euro on Tuesday. The gains were largely caused by market perception that UK Prime Minister Theresa May was likely to keep her position even if she was challenged. Sterling’s gains were limited though. Bank of…(read more)

Pound Hit by Shock of UK Government Resignations, US Dollar Remains Weak on US Wage Data

Written by David Bayliss on Tuesday, July 10, 2018. Currency News - Sterling / EUR

Pound News: High-Profile UK Government Resignations Shock GBP Investors Sterling fluctuated widely on Monday, as surprising developments in the UK government left investors uncertain. David Davis resigned as UK Brexit Secretary on Sunday night, and Boris Johnson resigned as Foreign Secretary on Monday afternoon. As Johnson’s resignation was particularly surprising, the Pound slumped. Sterling lost…(read more)

© Copyright 2013 to 2018 | Foremost Currency Group Ltd | All rights reserved