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Currency News

GBP/AUD Exchange Rate under Pressure after RBA Raises Growth Forecasts

Written by Alastair Archbold on Monday, November 12, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8114 Last week’s low: AU$1.7954 Australian Dollar (AUD) Exchange Rates Shake Off Weak Construction Sector Data The continued contraction of the Australian construction sector failed to weigh the Australian Dollar down for long last week. As the Reserve Bank of Australia (RBA) revised its growth forecasts a little higher this prompted investors…(read more)

GBP/EUR Exchange Rate Touches €1.15 on Hopes of an Imminent Brexit Deal

Written by Alastair Archbold on Monday, November 12, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1503 Last week’s low:  €1.1369 Pound Strengthens on Brexit Optimism The Pound Euro (GBP/EUR) exchange rate steadily appreciated last week, rising to a six-month high and even briefly punching above €1.15 as Sterling was bolstered by growing hopes that the UK may be close to finalising a Brexit deal with the EU….(read more)

UK Data and Fed Hawkishness Drive GBP/USD Down from Three-Week High

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

Last week’s high: $1.3166 Last week’s low: $1.2968 US Dollar Recovers Some Losses despite US Midterm Election Results In the first half of last week, Brexit hopes helped the Pound to climb versus the US Dollar, which was weakened following the 2018 midterm elections. As pollsters predicted, the US Democratic Party ended up taking majority…(read more)

US Mid-Term Elections Lead to Weaker US Dollar and Higher Risk-Sentiment

Written by Adam Wiffen on Thursday, November 8, 2018. Currency News - Foremost Currency News - Sterling / EUR

Pound News: Sterling Limp as Markets Focus on US Politics A lack of notable UK news or Brexit developments on Wednesday left the Pound reacting largely to movements in rival currencies. Lasting hopes that the UK and EU could be closing in on a sweeping soft Brexit deal prevented the British currency from losing ground…(read more)

Sterling Buoyed by Raab’s ‘Thumbs Up’

Written by Arron Morris on Wednesday, November 7, 2018. Currency News - Sterling / EUR

Pound News: Investors Support Sterling Following UK Brexit Minister’s ‘Thumbs Up’ While Sterling’s moves yesterday were not hugely significant, the British currency was able to hold onto its Monday gains against most major currencies following news that Brexit Minister Dominic Raab had left a key cabinet meeting giving a ‘thumbs up’ to reporters. Earlier in…(read more)

Brexit Speculation Keeps Sterling Climbing as Risk-Sentiment Thins Ahead of US Mid-Term Elections

Written by David Worthington on Tuesday, November 6, 2018. Currency News - Sterling / EUR

Pound News: Sterling Continues to Climb on Unconfirmed Reports of Brexit Process Over the weekend, the Sunday Times published an article claiming that the EU had made notable concessions to the UK in Brexit negotiations, and that it was willing to offer a UK-wide customs union arrangement in order to resolve the issue around Ireland’s…(read more)

GBP/USD Recovers Almost Two Cents on Brexit Deal Speculation

Written by Arron Morris on Monday, November 5, 2018. Currency News - Sterling / USD

Last week’s high: $1.3036 Last week’s low: $1.2699 Strong US Jobs Data Knocks GBP/USD from Weekly Peak Towards the end of last week, investors bought into the Pound en masse after a report emerged claiming that the UK and EU had largely agreed on arrangements for future financial services relationships. As the future of UK…(read more)

GBP/AUD Outlook: Will Services PMI Boost Pound Sterling?

Written by Alastair Archbold on Monday, November 5, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8146 Last week’s low: AU$1.7871 Pound Australian Dollar Losses Seen on Construction PMI There was noticeable GBP/AUD exchange rate volatility last week, ending with Pound losses against the Australian Dollar. Initial support from hopes for a speedy resolution to Brexit talks gave GBP a boost, but gloomy forecasts followed a late-week construction…(read more)

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