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Currency News - USD

GBP/USD edges lower ahead of Fed minutes

Written by Mr R Beaumont on Wednesday, May 24, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / USD

Written by Arron Morris Senior Currency Broker T: 01442 892 065 The GBP/USD cross has fallen around half a per cent today, with the currency pair slipping from $1.30 to $1.2935. GBP/USD exchange rate graph The pound lost ground after markets wait for the Federal Reserve meeting minutes and more information surrounding the UK election….(read more)

GBP/USD dollar recovers after inflation reading

Written by Arron Morris on Tuesday, May 16, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / USD

Written by Arron Morris Senior Currency Broker T: 01442 892 065 The pound suffered this morning after the latest inflation reading from the Office for National Statistics. As you can see from the graph below the GBP/USD cross dropped suddenly after it was confirmed the UK inflation figure had risen to 2.7%. With little sign…(read more)

GBP/USD falls after Bank of England announcement

Written by Arron Morris on Thursday, May 11, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / USD

Written by Arron Morris Senior Currency Broker T: 01442 892 065 The GBP/USD cross fell nearly a cent after the Bank of England (BoE) interest rate decision and inflation report this afternoon, with the pair falling from $1.2950 to $1.2852. GBP/USD exchange rate graph Although the BoE kept interest rates on hold at 0.25%, they…(read more)

GBP/USD exchange rate heads towards $1.30

Written by Arron Morris on Monday, May 8, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / USD

Written by Arron Morris Senior Currency Broker T: 01442 892 065 Following Emmanuel Macrons victory in the French elections yesterday, appetite for risker assets seems to have returned, giving the European markets a welcome boost. With no major surprises coming from France over the weekend the dollar lost ground across the board, allowing the GBP/USD…(read more)

Sterling recovers after Federal Reserve announcement

Written by Arron Morris on Friday, May 5, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / USD

Written by Arron Morris Senior Currency Broker T: 01442 892 065 After Wednesday night’s Federal Reserve announcement the dollar rose across the board, pushing the GBP/USD cross down to $1.2840. However, the pound managed to claw back the lost ground over the course of Thursday’s trading session after the latest UK Services PMI reading came…(read more)

Brexit uncertainty limits the pounds gains

Written by Arron Morris on Wednesday, May 3, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / USD

Written by Arron Morris Senior Currency Broker T: 01442 892 065 This morning saw the UK produce another positive piece of economic data, but any gains were limited as markets continue to focus on the upcoming Brexit negotiations. The latest UK Construction PMI reading came in higher than forecast earlier today, and follows yesterday’s excellent…(read more)

GBP/USD continues to hold above $1.28.

Written by Arron Morris on Thursday, April 20, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / USD

Written by Arron Morris Senior Currency Broker T: 01442 892 065 The GBP/USD cross looks set to close above $1.28 after the latest round of U.S. business activity and jobless claims failed to help the dollar this afternoon. Both pieces of data have left investors feeling short changed, and has done little to increase confidence…(read more)

General election announcement causes the pound to rise.

Written by Arron Morris on Tuesday, April 18, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / USD

Written by Arron Morris Senior Currency Broker T: 01442 892 065 Today has seen the pound rise around two per cent against the US dollar, leaving the GBP/USD cross trading at its highest level since early October. The pound received a welcome boost following Theresa May’s surprise announcement of a general election, which will be…(read more)

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