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Currency News

Stronger US Inflation Fails to Boost US Dollar

Written by Alastair Archbold on Thursday, February 15, 2018. Currency News - Sterling / USD

Pound News: IMF Strikes Cautious Tone on UK Outlook Demand for the Pound (GBP) diminished once again on the back of the latest International Monetary Fund (IMF) assessment of the UK economy. As the IMF noted that the country needs to address its weak productivity problem and improve its international competitiveness, in order to better…(read more)

Canadian Dollar Under Pressure from Bearish Oil Market

Written by Jessica Coot on Wednesday, February 14, 2018. Currency News - Sterling / EUR

Pound News: Steady UK Inflation Boosts BoE Rate Hike Odds Investors were pleasantly surprised to find that the headline UK consumer price index had held steady at 3.0% in January, boosting demand for the Pound (GBP). However, while GBP exchange rates initially made solid gains on the back of the higher-than-expected inflation rate it was…(read more)

US Dollar Loses Ground on Global Stock Market Recovery

Written by David Worthington on Tuesday, February 13, 2018. Currency News - Sterling / USD

Pound News: Hawkish BoE Comments See Limited Impact Bank of England (BoE) policymaker Gertjan Vlieghe made rather hawkish comments yesterday, offering a boost to the Pound (GBP). However, while investors were initially pleased by Vlieghe’s upbeat attitude towards the prospect of another interest rate hike GBP exchange rates soon returned to a downtrend, thanks to…(read more)

GBP/CAD Could Fall Further if Brexit Concerns Persist

Written by Alastair Archbold on Monday, February 12, 2018. Currency News - Sterling / CAD

Yesterday’s high: C$1.7659 Yesterday’s low: C$1.7364 GBP/CAD Slips Despite Disappointing Canadian Data Despite a lack of impressive Canadian ecostats in recent weeks, the Pound to Canadian Dollar exchange rate has been unable to advance as Brexit uncertainties and UK growth concerns weigh heavily on the Pound. GBP/CAD trended over a cent below the week’s opening…(read more)

GBP/AUD Fluctuates as Central Banks Discuss Monetary Policy

Written by James Baxter on Monday, February 12, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7830 Last week’s low: AU$1.7358 Brexit Uncertainty Rocks Sterling The Pound experienced volatility against the Australian Dollar last week as Brexit uncertainty played havoc with the UK currency. The heaviest blow to Sterling came right at the end of the week after the EU’s chief negotiator Michel Barnier suggested that a post-Brexit…(read more)

GBP/NZD Plummets on Brexit Warning

Written by Joe Mayhew on Monday, February 12, 2018. Currency News - Sterling / NZD

Last week’s high: NZ$1.9447 Last week’s low: NZ$1.8973 Upbeat Employment Figures Also Bolster NZD The Pound New Zealand Dollar exchange rate jumped higher at the start of last week’s session as the ‘Kiwi’ was bolstered by an uptick in both dairy prices and employment figures, with the domestic jobless rate tumbling to a decade low…(read more)

US Dollar Strengthens as World Braces for March Fed Rate Hike

Written by Arron Morris on Monday, February 12, 2018. Currency News - Sterling / USD

Last week’s high: $1.4168 Last week’s low: $1.3792 USD Gains as March Rate Hike Odds Increase The strong economic data seen recently has so thoroughly convinced markets that the Federal Reserve will be hiking interest rates in March – and again later in the year – that global stock markets have shed over $4 trillion…(read more)

Possible Weakness in Store for EUR Exchange Rates on Slower Eurozone GDP

Written by James Spurway on Monday, February 12, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1441 Last week’s low: €1.1225 German Coalition Breakthrough Offers Limited Boost to Euro Comments from European Central Bank (ECB) President Mario Draghi put pressure on the Euro at the start of the week, seeming to diminish the prospect of any imminent shift in monetary policy. However, the mood towards the single currency…(read more)

BoE Hawkishness Spurs Pound Exchange Rate Surge

Written by David Bayliss on Friday, February 9, 2018. Currency News - Sterling / EUR

Pound News: Odds of May BoE Rate Hike Improve The Bank of England (BoE) proved more hawkish than anticipated at its February policy meeting, even though there was a unanimous vote to leave interest rates on hold. As the Bank sounded a more optimistic note on UK growth and inflation prospects this encouraged investors to…(read more)

New Zealand Dollar Weighed Down By Underwhelming Wage Growth

Written by Jack Wiles on Thursday, February 8, 2018. Currency News - Sterling / EUR

Pound News: Sterling Muted Ahead of BoE Decision Confidence in the Pound (GBP) remained limited as markets adopted positions in anticipation of the Bank of England’s (BoE) February policy decision. As the Halifax house price index contracted -0.6% on the month in January this marked the twenty-third consecutive month of deterioration, highlighting the continued weakness…(read more)

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