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Currency News

GBP/AUD Exchange Rate Plummets after BoE Leaves Rates on Hold

Written by James Baxter on Monday, May 14, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.82348 Last week’s low: AU$1.79153 Sterling Crashes as BoE’s ‘Unreliable Boyfriend’ Returns A notable drop in market risk appetite allowed the Pound Australian Dollar exchange rate to tick higher throughout much of last week’s session. This was also aided by the release of Australia’s latest retail sales figures as domestic sales were…(read more)

Pound Euro Exchange Rate Falters as BoE Lowers UK Growth Forecasts

Written by Michael Brothers on Monday, May 14, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1453 Last week’s low: €1.1290 GBP/EUR Exchange Rate under Pressure after Dovish BoE Meeting The announcement that the US was withdrawing from the Iran nuclear deal has prompted a bout of losses for the Euro. This move could have major ramifications for the Eurozone economy as the re-imposition of US sanctions on…(read more)

Pound Slumps as BoE Cuts Growth Forecasts, Canadian Dollar Pushes Higher Ahead of Jobs Data

Written by Jessica Coot on Friday, May 11, 2018. Currency News - Sterling / EUR

Pound News: Dovish BoE Weighs Heavily on GBP Rates Even though markets had largely expected the Bank of England (BoE) to leave interest rates on hold at its May policy meeting the Pound (GBP) still slipped in the wake of the announcement.   GBP exchange rates came under renewed pressure as the BoE’s growth forecasts…(read more)

Pound under Pressure Ahead of BoE Decision, Canadian Dollar Surges on Oil Rally

Written by David Worthington on Thursday, May 10, 2018. Currency News - Sterling / EUR

Pound News: Sterling Cautious Ahead of BoE Rate Decision A sharp contraction in the latest British Retail Consortium (BRC) like-for-like retail sales data offered the Pound (GBP) little in the way of support.   Fresh weakness could be in store for GBP exchange rates today if the Bank of England (BoE) proves more dovish than…(read more)

UK House Prices Disappoint GBP Investors as US Dollar Soars on Strong Data and Bullish Fed Comments

Written by James Spurway on Wednesday, May 9, 2018. Currency News - Sterling / EUR

Pound News: UK Services PMI Falls Short of Forecast   The Pound put in a mixed performance yesterday, losing 0.5% against the US Dollar, but gaining almost 0.2% against the Euro (EUR), and soaring higher against other majors.   Sterling advanced against the Australian Dollar, with GBP/AUD climbing 0.5%, and similar gains were seen against…(read more)

Glum UK Growth Outlook Knocks GBP/USD to 3-Month-Lows

Written by Arron Morris on Tuesday, May 8, 2018. Currency News - Sterling / USD

Last week’s high: $1.3791 Last week’s low: $1.3498 Pound Hits Lows Versus US Dollar as Bank of England Rate Hike Bets Fade Over the last week, almost all confidence in the possibility of a May interest rate hike from the Bank of England (BoE) faded, as Britain’s latest PMIs indicated that the UK economy performed…(read more)

Pound Euro Exchange Rate Extends Losses in Spite of Weaker Eurozone Growth

Written by David Bayliss on Tuesday, May 8, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1407 Last week’s low: €1.1313 Signs of Weakening Eurozone Growth Failed to Boost GBP/EUR Exchange Rate As the first quarter Eurozone gross domestic product eased from 2.8% to 2.5% on the year this left the Euro on a generally weaker footing last week. While markets had anticipated this softer reading the data…(read more)

GBP/AUD Exchange Rate Slumps on Weak UK PMI Data

Written by James Baxter on Tuesday, May 8, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8471 Last week’s low: AU$1.81879 UK’s Sluggish Start to Q2 Leaves Pound on the Back Foot The Pound Australian Dollar exchange rate slumped to a fresh one-month low last week as markets reacted to the softer-than-expected growth in the UK private sector last month. Markets were particularly concerned by the lacklustre activity…(read more)

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