Foremost Currency Group

Make the most of your currency

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

Currency News

Pound Gains after Brexit Comments from EU Leaders

Written by Alastair Archbold on Friday, August 23, 2019. Currency News - Sterling / EUR

Pound News: Sterling Rallies as Boris Johnson Meets EU Leaders The Pound surged on Brexit speculation yesterday as German Chancellor Angela Merkel supported the possibility of a solution to the backstop issue being found. Emmanuel Macron’s subsequent meeting with Boris Johnson also exceeded expectations, with the French President offering the first inkling of a European…(read more)

UK-EU Tensions Keep the Pound Under Pressure

Written by Alastair Archbold on Thursday, August 22, 2019. Currency News - Sterling / EUR

Pound News: UK Borrowing Stats Fail to Move Sterling amid UK-EU Tensions Yesterday’s only notable UK data was July’s public sector net borrowing report. The data fell short of expectations but ultimately failed to influence the Pound. Brexit fears maintained pressure on Sterling as UK Prime Minister Boris Johnson met with German Chancellor Angela Merkel…(read more)

Pound Dips, Euro Stabilises, USD Steady

Written by Alastair Archbold on Tuesday, August 20, 2019. Currency News - Sterling / EUR

Pound News: Sterling Recoils from Highs Despite Brexit Hopes Following Sterling’s rebound last week, the currency recoiled yesterday. GBP lost ground despite rising hopes opposition leader Jeremy Corbyn would muster cross-party support and thwart a no-deal Brexit. The Confederation of British Industry (CBI) will publish its August industrial trends orders report today. The data is…(read more)

GBP/CAD Exchange Rate Rebounds from Worst Levels

Written by Alastair Archbold on Monday, August 19, 2019. Currency News - Sterling / CAD

Last week’s high: CA$1.618 Last week’s low: CA$1.588 Canadian Dollar Sinks as US-China Trade Tensions Weigh on ‘Loonie’ The Pound edged higher against many of its peers last week after the UK average earning figure for June beat forecasts, rising from 3.6% to 3.8% – the most significant increase in 11 years. UK inflation figures…(read more)

Euro Slides as ECB Looks Set for Significant Monetary Loosening

Written by Alastair Archbold on Monday, August 19, 2019. Currency News - Sterling / EUR

Last week’s high: €1.0996 Last week’s low: €1.0643 Promise of Significant ECB Action Fuels Euro Selling Comments from a senior European Central Bank (ECB) policymaker saw the Euro fall sharply out of favour ahead of the weekend. With the ECB looking set to deliver a significant shot of monetary loosening in September, EUR exchange rates…(read more)

GBP/USD Recovers on Brexit Hopes and Supportive Data

Written by Alastair Archbold on Monday, August 19, 2019. Currency News - Sterling / USD

Last week’s high: $1.2165 Last week’s low: $1.2018 Pound Stages Solid Recovery Vs. USD After rebounding from its worst levels last week, the appeal of Sterling improved with stronger-than-expected UK data and a show of solidarity by Britain’s opposition parties in their desire to block a no-deal Brexit. This paved the way for sustained GBP/USD…(read more)

GBP/AUD Exchange Rate Rocked by Trade Uncertainty and Recession Fears

Written by Alastair Archbold on Monday, August 19, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.7933 Last week’s low: AU$1.7717 Global Recession Jitters Shake Markets The Pound to Australian Dollar exchange rate met with considerable volatility last week as concerns over trade and slowing global growth rocked market confidence. A barbed back and forth between the US and China spurred fluctuating risk-appetite throughout the session. The risk-sensitive…(read more)

Sterling Capitalises on UK Sales Data

Written by Alastair Archbold on Friday, August 16, 2019. Currency News - Sterling / EUR

Pound News: Sterling Rebound Supported by Stronger Retail Sales Stats The Pound continued to rebound yesterday as UK retail sales data showed sales growth in July, alleviating fears for a UK recession. Sterling also found support as Britain’s opposition parties appeared to unite against Prime Minister Boris Johnson. Labour leader Jeremy Corbyn called for a…(read more)

Global Recession Fears Grow amid Eurozone Data and Inverted US Yield Curve

Written by Alastair Archbold on Thursday, August 15, 2019. Currency News - Sterling / EUR

Pound News: UK Inflation Surprises, Bets for BoE Rate Cut Decline July’s surprising UK inflation rate report helped the Pound to advance yesterday. The yearly inflation rate came in above the Bank of England’s (BoE) inflation targets, dousing speculation about a future cut in interest rates. Today’s UK retail sales report could be even more…(read more)

Jobs Data Fails to Boost GBP, Inflation Data Ahead

Written by Alastair Archbold on Wednesday, August 14, 2019. Currency News - Sterling / EUR

Pound News: Sterling Gains Capped after Mixed UK Employment Data The Pound failed to gain off the back of yesterday’s UK jobs data. Wages and job change data beat forecasts, but Britain’s key unemployment rate rose unexpectedly. Sterling could be pressured lower today if the UK’s inflation report shows a decline in consumer price pressures….(read more)

© Copyright 2013 to 2019 | Foremost Currency Group Ltd | All rights reserved