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Currency News - USD

GBP/USD Fluctuates Ahead of UK Budget

Written by Arron Morris on Wednesday, November 22, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3264 Yesterday’s low: $1.3229 Pound Undermined by Underwhelming Borrowing Data The Pound was unable to hold its best levels against the US Dollar on Tuesday, as the latest UK public sector net borrowing report fell short of market expectations. Borrowing was forecast to worsen to £-6.6b in October but instead came in at…(read more)

GBP/USD Hits Fortnight High on Brexit Hopes

Written by Laura Parsons on Tuesday, November 21, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3273 Yesterday’s low: $1.3190 Pound Climbs on Budget Anticipation Pound investors are hoping for positive developments in Brexit negotiations this week, leaving Sterling stronger. Over the weekend, UK Chancellor Philip Hammond signalled that the UK government may be willing to raise its offer for the UK-EU ‘divorce bill’ in order to break the…(read more)

GBP/USD Recovers amid ‘Greenback’ Weakness

Written by Arron Morris on Monday, November 20, 2017. Currency News - Sterling / USD

Friday’s high: $1.3254 Friday’s low: $1.3177 US Dollar Recovers Slightly From Thursday’s Plunge On Thursday evening, news that US Special Counsel Robert Mueller had issued a subpoena to multiple officials from the Trump 2016 presidential campaign led to market uncertainty and a US Dollar selloff. While demand for the ‘Greenback’ recovered slightly during Friday’s American…(read more)

GBP/USD Recovers to Week’s Opening Levels

Written by Arron Morris on Friday, November 17, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3205 Yesterday’s low: $1.3146 UK Retail Data Supports Pound After poor UK ecostats on Tuesday and Wednesday, yesterday’s October UK retail sales stats beat expectations and helped the Pound recover against the US Dollar. UK retail sales were forecast to rise to 0.1% month-on-month, but instead climbed from -0.7% to 0.3%. Meanwhile, the…(read more)

GBP/USD Recovery Slows on Solid US Inflation Stats

Written by Arron Morris on Thursday, November 16, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3201 Yesterday’s low: $1.3138 Federal Reserve Bets Firm after Solid US Inflation Report Demand for the US Dollar became a bit sturdier on Wednesday despite US inflation dipping on the year as expected. The yearly core inflation print rose however, advancing from 1.7% to 1.8% in October despite being forecast to remain at…(read more)

GBP/USD could Crash on Imminent Earnings Data

Written by Arron Morris on Wednesday, November 15, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3130 Yesterday’s low: $1.3073 Pound Battered by Fears over BoE Rate Decisions The Pound tumbled against the US Dollar yesterday, following the news that UK inflation had stayed at 3%. This went against forecasts for a rise to 3.1% and led to widespread Pound losses. The main issue was that with inflation staying…(read more)

GBP/USD Plummets as UK Political Concerns Worsen

Written by Arron Morris on Tuesday, November 14, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3134 Yesterday’s low: $1.3065 US Dollar Benefits from Weak Pound Despite concerns relating to US tax reform, the US Dollar advanced against a weak Pound yesterday. Investors sold the Pound on Monday in reaction to a report from The Sunday Times that indicated 40 Conservative MPs were prepared to sign a letter of…(read more)

US Dollar Remains Weak on Tax Reform Uncertainties

Written by Arron Morris on Monday, November 13, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3221 Yesterday’s low: $1.3123 GBP/USD Hits New Weekly High amid Brexit Hopes Towards the end of last week, investors sold the US Dollar amid concerns that cuts in corporate tax could be delayed until as late as 2019. This made it easier for Sterling to capitalise on Friday. Pound investors have become hopeful…(read more)

US Dollar Slips on Tax Reform Uncertainty

Written by Arron Morris on Friday, November 10, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3149 Yesterday’s low: $1.3088 GBP/USD Left Fluctuating as Both Currencies Weaken Investors have become more concerned that US President Donald Trump’s proposals for tax reform could be delayed or heavily wound back in recent sessions, due to a recent report that corporate tax cut plans may be delayed by a year. This, as…(read more)

GBP/USD Back Near Week’s Lows on UK Political Uncertainty

Written by Arron Morris on Thursday, November 9, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3173 Yesterday’s low: $1.3089 Pound Unable to Hold its Gains against US Dollar Despite a lack of strong US data in recent sessions, investors are optimistic enough about US tax reform and the Federal Reserve outlook that the US Dollar was able to recover against a weaker Pound on Wednesday. Sterling was sold…(read more)

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