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Currency News

European Central Bank (ECB) Caution Keeps Euro Pressured

Written by David Bayliss on Monday, August 13, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1247 Last week’s low: €1.1081 GBP/EUR Fails to Recover Despite Euro Weakness A broad fall in the Pound last week, caused by fears of a possible ‘no deal’ Brexit, saw the Pound to Euro exchange rate hit its worst levels in almost a year. This was despite some underwhelming Eurozone data, US…(read more)

GBP/USD Slumps to New 13-Month Low as Brexit Jitters Bite

Written by Arron Morris on Monday, August 13, 2018. Currency News - Sterling / USD

Last week’s high: $1.3027 Last week’s low: $1.2750 Pound Bludgeoned by ‘No-deal’ Brexit Fears The Pound US Dollar exchange rate slumped over two cents to fall below $1.28 last week, striking its lowest levels in more than a year. This came following a heavy sell-off of Sterling in the first half of the week as…(read more)

GBP/AUD Recovers from Six-Month-Lows on Risk-Off Movement

Written by Michael Vaughan on Monday, August 13, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7586 Last week’s low: AU$1.7286 Australian Dollar Sold as Investors Seek Safer Currencies The Australian Dollar’s bullish run against the Pound, which lasted throughout most of June, ended last week as the Pound to Australian Dollar exchange rate rebounded slightly from its worst levels in over six months. For most of last…(read more)

Sterling Steadies Ahead of UK Growth Report, US Data Remains Solid

Written by Jack Wiles on Friday, August 10, 2018. Currency News - Sterling / EUR

Pound News: GBP Edges Higher Following Days of ‘No Deal’ Selloff Profit taking took the Pound away from its worst levels on Thursday, with GBP moving away from multi-month lows against the Euro and US Dollar. However, Sterling’s gains were ultimately limited. Investors hesitated to buy the Pound too much amid persisting concerns about the…(read more)

Pound Selloff Continues on ‘No Deal’ Brexit Speculation, AUD Strength Limited by Australian Data

Written by Jimi Boake on Thursday, August 9, 2018. Currency News - Sterling / EUR

Pound News: ‘No Deal’ Brexit Fears Keep Pound Tumbling Despite a lack of fresh developments on Wednesday, investors continued to sell the Pound amid this week’s general focus on the possibility of a ‘no deal’ Brexit becoming reality. Amid expectations that things might get worse for the British currency’s outlook before they improve, Sterling has…(read more)

‘No Deal’ Brexit Jitters Keep Pressure on Sterling, Reserve Bank of Australia Remains Cautiously Optimistic

Written by Joe Mayhew on Wednesday, August 8, 2018. Currency News - Sterling / EUR

Pound News: GBP Steadies Following Monday Selloff but Demand Remains Low Monday saw the Pound sold off against most other major currencies amid concerns that Britain was headed towards a ‘no-deal’ Brexit, and while the selloff slowed on Tuesday the British currency wasn’t able to recover. Investors are still highly anxious about the possibility that…(read more)

‘No Deal’ Brexit Fears Dominate Pound Movement, Hopes for Hawkish Fed Boost US Dollar

Written by Tom Taylor on Tuesday, August 7, 2018. Currency News - Sterling / EUR

Pound News: Brexit Fears Worsen despite Last Week’s Bank of England Rate Hike A combination of last week’s Brexit warnings from the Bank of England (BoE) and fresh ‘no deal’ Brexit fears weighed heavily on the Pound on Monday, making the British currency fall against most major rivals. Investors sold the Pound in reaction to…(read more)

US Dollar Sustains Gains versus Pound despite Underwhelming US Non-Farm Payrolls

Written by Arron Morris on Monday, August 6, 2018. Currency News - Sterling / USD

Last week’s high: $1.3165 Last week’s low: $1.2984 GBP/USD Pressured by Persistent Brexit Jitters and US Dollar Strength Another bearish week for the Pound has dragged the Pound to US Dollar exchange rate back down to near its worst levels in months, despite the Bank of England’s (BoE) unanimous decision to hike UK interest rates….(read more)

Is GBP/AUD Exchange Rate Recovery ahead on UK GDP Data?

Written by Alastair Archbold on Monday, August 6, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7811 Last week’s low: AU$1.7602 BoE’s Brexit Warning Drags GBP/AUD Down The Pound fell to more than a two-week low against the Australian Dollar last week, following a series of cautious statements from the Bank of England (BoE). The BoE hiked interest rates from 0.5% to 0.75%, but Governor Mark Carney rattled…(read more)

GBP/CAD Slumps as BoE Rate Hike Fails to Inspire Sterling

Written by Alastair Archbold on Monday, August 6, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7402 Last week’s low: C$1.7226 Pound Plunges as BoE Signals August Rate Hike Unlikely to be Repeated Any Time Soon The Pound Canadian Dollar exchange rate tumbled to a new seven-month low last week following the Bank of England’s latest Policy meeting. While the bank voted unanimously to raise interest rates this…(read more)

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