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Currency News - USD

GBP/USD Fluctuates on Mixed US Employment Data

Written by Arron Morris on Monday, January 8, 2018. Currency News - Sterling / USD

Last week’s high: $1.3611 Last week’s low: $1.3484 US Dollar Rocked by Employment Figures The US Dollar was met by notable volatility last week as mixed employment data played havoc with market sentiment. While USD was able to recoup some of the week’s early losses on Thursday as the ADP employment data suggested that the…(read more)

US Tax Bill Pressures US Dollar, GBP Down on Barnier Comments

Written by James Baxter on Wednesday, December 20, 2017. Currency News - Sterling / USD

Pound News: GBP Slumps as Barnier Blocks Special Deal for London The Pound (GBP) tumbled against the majority of its peers on Tuesday as investors reacted poorly to the news that the City of London will be given no special treatment in Brexit. The EU’s chief negotiator Michel Barnier told the Guardian yesterday that there…(read more)

GBP/USD Rate could Drop on US Tax Reform Vote

Written by Arron Morris on Monday, December 18, 2017. Currency News - Sterling / USD

Last week’s high: $1.3453 Last week’s low: $1.3306 Pound US Dollar Rate Undermined by Brexit Timeline While the UK scored a win in Brussels last week, this ultimately sent the Pound tumbling on Friday. The UK was finally granted permission to start the next phase of Brexit discussions, but statements about transition and trade talks…(read more)

US Dollar (USD) Holds Steady in Run up to Fed Rate Decision

Written by James Spurway on Wednesday, December 13, 2017. Currency News - Sterling / EUR - Sterling / USD

Pound News: GBP Fluctuates as Inflation Rises The Pound (GBP) was met by further volatility on Tuesday following a surprise uptick in the UK’s latest inflation figures. While some analysts were optimist on the chances of another rise in inflation prompting a response from the Bank of England (BoE), many investors feared it would place…(read more)

Crunch Time for GBP/USD – Fed Rate Decision and EU Summit Ahead

Written by Arron Morris on Tuesday, December 12, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3522 Yesterday’s low: $1.3339 Brexit Deal Leaves Sterling Volatile Last week saw the Pound fluctuate wildly against the US Dollar in response to the changing pace of Brexit discussions. A last minute exit deal was struck on Friday, but concerns that trade talks could still be a long time coming left GBP struggling….(read more)

GBP/USD on Track for Turbulence if UK Services Sector Slows

Written by Arron Morris on Monday, December 4, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3548 Yesterday’s low: $1.3471 GBP/USD Hit 2-Month High on Hopes of Brexit Progress The Pound achieved a 2-month high last week on hopes the UK’s Brexit negotiations might start making significant progress. US Dollar traders were more cautious, holding off on trading over worries that a vote on tax reforms would fail to…(read more)

US GDP Could Boost US Dollar

Written by Arron Morris on Wednesday, November 29, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3358 Yesterday’s low: $1.3225 Sterling Struggled on Gloomy OECD Forecast The Pound fell against the US Dollar yesterday, recording a -0.7% drop during the afternoon. This was caused by the OECD downgrading its growth forecasts for 2018 and 2019 while warning about the economic damage that Brexit could cause. In the US, traders…(read more)

US Dollar Weak on Federal Reserve Uncertainty

Written by Arron Morris on Tuesday, November 28, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3377 Yesterday’s low: $1.3312 GBP/USD Fluctuates as Investors Anticipate Brexit Developments Some analysts reckon the Federal Reserve may not hike US interest rates for a while after December, which weighed on US Dollar demand on Monday. While markets widely agree that the Fed is preparing to hike US interest rates in December, marking…(read more)

GBP/USD Reaches Fresh One-Month-High

Written by Arron Morris on Monday, November 27, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3353 Yesterday’s low: $1.3283 US Dollar Tumbles as PMI Projections Fall Short While typically not as influential as ISM’s PMI prints, Markit’s US PMI projections for November were published during Friday’s American session and influenced a late-week US Dollar selloff. The manufacturing projection dropped from 54.6 to 53.8, below the expected rise to…(read more)

GBP/USD Slips from Monthly High

Written by Arron Morris on Friday, November 24, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3331 Yesterday’s low: $1.3218 UK Data Fails to Support Pound The Pound to US Dollar exchange rate hit a multi-week high as investors digested the latest Federal Reserve meeting minutes, which indicated that multiple Fed officials were concerned at US inflation trends going forward. However, Sterling failed to hold its best levels and…(read more)

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