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Currency News - USD

GBP/USD Slips from Post-Referendum High on Poor UK Retail Data

Written by Arron Morris on Monday, January 22, 2018. Currency News - Sterling / USD

Last week’s high: $1.3941 Last week’s low: $1.3725 US Dollar Fails to Capitalise on Pound Weakness The Pound to US Dollar exchange rate slipped from its best levels since the 2016 Brexit vote on Friday afternoon, but due to USD weakness, losses were limited. GBP/USD investors were disappointed by Britain’s December retail sales results, which…(read more)

Strong US Inflation Data Doesn’t Stop GBP/USD Rocketing

Written by Arron Morris on Monday, January 15, 2018. Currency News - Sterling / USD

Last week’s high: $1.3675 Last week’s low: $1.3461 US Dollar Can’t Hold Gains even after Strong Inflation Data Friday saw US core inflation surprise with an uptick to 1.8% against forecasts of a hold at 1.7%, boosting the odds of an interest rate hike from the Federal Reserve. But anticipation ahead of the data release…(read more)

USD Exchange Rates Return to Back Foot on Mixed Fed Messages

Written by James Spurway on Thursday, January 11, 2018. Currency News - Sterling / USD

Pound News: Optimistic GDP Estimate Failed to Boost Sterling The mood towards the Pound (GBP) remained generally bearish on Wednesday, even though the latest raft of UK data was rather mixed in nature. Even though the NIESR gross domestic product estimate for the fourth quarter of 2017 bettered expectations, suggesting an uptick in growth, this…(read more)

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)

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