Foremost Currency Group

Make the most of your currency

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

Currency News

GBP/AUD Tumbles Despite Rising UK Wage Growth

Written by James Baxter on Thursday, August 17, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.6412 Yesterday’s low: AU$1.6244 Caution Ahead of US Fed Minutes Boosts Australian Dollar The GBP/AUD exchange rate slumped yesterday to a four-and-a-half-month low, even though UK wage growth figures proved better-than-expected. However, because inflation remains so strong, pay is still declining in real terms. The Australian Dollar saw strong demand as markets awaited…(read more)

New Zealand Dollar Exchange Rate Strengthens as FOMC Minutes Disappoint

Written by Joe Mayhew on Thursday, August 17, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.7618 Yesterday’s low: NZ$1.7602 NZD Rallies as Investors Flee US Dollar The New Zealand Dollar advanced against the majority of its peers on Wednesday afternoon as the investors flocked to take advantage of the high-yield ‘Kiwi’ following the release of the dovish minutes from the latest FOMC meeting. The New Zealand Dollar was…(read more)

US Dollar Undermined by FOMC Minutes

Written by Arron Morris on Thursday, August 17, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.2908 Yesterday’s low: $1.2843 UK Job Data Fails to Boost GBP/USD The Pound became moderately more appealing yesterday as investors digested an impressive UK job market report. UK wage growth beat expectations and the unemployment rate surprised by improving from 4.5% to 4.4%. However, July’s US retail sales results bolstered the US Dollar,…(read more)

GBP/EUR Shored up by Stronger UK Wage Growth

Written by Adam Wiffen on Thursday, August 17, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1005 Yesterday’s low: €1.0941 Euro Muted in Spite of Upbeat Eurozone Growth In another positive sign for the Eurozone economy, the second quarter gross domestic product report bettered expectations, with growth accelerating from 2.1% to 2.2% on the year. This suggests that the underlying health of the currency union remains robust, giving investors…(read more)

GBP/AUD Plummets as UK Inflation Disappoints

Written by James Baxter on Wednesday, August 16, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.6446 Yesterday’s low: AU$1.6395 AUD Lifted by RBA Minutes The Australian Dollar strengthened against most of its peers on Tuesday as markets reacted well to some of the more optimistic comments in the minutes from the Reserve Bank of Australia’s (RBA) most recent policy meeting. However ‘Aussie’ sentiment slipped again overnight on Tuesday…(read more)

Euro Under Pressure After Mixed German GDP

Written by David Bayliss on Wednesday, August 16, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1046 Yesterday’s low: €1.0946 GBP/EUR Plunges on Steady UK Inflation Rate While the second quarter German gross domestic product bettered expectations on the year, this was counterbalanced by an unexpected loss of momentum on the quarter. This slight faltering in the strength of the Eurozone’s powerhouse economy put a bit of pressure on…(read more)

Dipping Oil Prices Weigh on Canadian Dollar

Written by Mr R Beaumont on Wednesday, August 16, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6513 Yesterday’s low: C$1.6390 Canadian Dollar Benefits from Pound Weakness Despite a lack of supportive domestic factors, the Canadian Dollar advanced against the Pound yesterday due to the day’s lower-than-expected UK inflation results. British inflation came in at 2.6% year-on-year and contracted -0.1% month-on-month, dampening any remaining speculation that the Bank of England…(read more)

US Dollar Climbs on Strong Sales Data

Written by Arron Morris on Wednesday, August 16, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.2970 Yesterday’s low: $1.2844 GBP/USD Slumps on Poor UK Inflation Disappointing UK inflation data tipped the Pound to US Dollar exchange rate into a decline yesterday. Consumer price growth held steady at 2.6%, against predictions of an uptick to 2.7%. This means there is less pressure on the Bank of England (BoE) to…(read more)

New Zealand Dollar Fluctuates as Dairy Prices Fall

Written by Joe Mayhew on Wednesday, August 16, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.7797 Yesterday’s low: NZ$1.7676 GBP/NZD Down as Inflation Disappoints NZD/USD dipped on Tuesday after the price of dairy produce (New Zealand’s key commodity) declined at the latest Global Dairy Trade auction. However, the ‘Kiwi’ held its own against an embattled Pound, as the British currency was weakened by below forecast UK inflation data….(read more)

GBP/AUD Steady after RBA Minutes

Written by James Baxter on Tuesday, August 15, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.6522 Yesterday’s low: AU$1.6425 RBA Highlights Housing Market Concerns The Australian Dollar stood firm following the publication of minutes from the Reserve Bank of Australia’s (RBA) latest policy meeting. The minutes flagged up the domestic housing market and household debt as areas of concern, and intimated that China’s economy remains a ‘significant source…(read more)

© Copyright 2013 to 2017 | Foremost Currency Group Ltd | All rights reserved