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Currency News

GBP/AUD Exchange Rate Hit by Political Uncertainties despite Risk-Off

Written by Alastair Archbold on Monday, February 4, 2019. Currency News - Sterling / AUD

  Last week’s high: A$1.8435 Last week’s low: A$1.7944   Pound Slumps as No-Deal Brexit Fears are Reignited The Pound to Australian Dollar exchange rate fell markedly last week as Sterling was hammered by fears that a no-deal Brexit was becoming increasingly likely following the vote in the House of Commons in which MPs approved…(read more)

Eurozone Data Limits Euro Strength, Federal Reserve Dovishness Knocks US Dollar

Written by Alastair Archbold on Friday, February 1, 2019. Currency News - Sterling / EUR

  Pound News: No-deal Brexit Fears Leave Sterling Limp A lack of Brexit developments over the last day left the Pound’s movement largely limp. The British currency attempted a modest recovery against some major rivals like the Euro, but ultimately failed to sustain any notable gains. Analysts have noted that many investors are taking profit…(read more)

Brexit Uncertainties Limit Pound Rebound, Eurozone Ecostats Mixed as US-China Trade Talks Resume

Written by Tom Taylor on Thursday, January 31, 2019. Currency News - Sterling / EUR

  Pound News: EU Hesitance to Renegotiate Brexit Deal Leaves Pound Limo After the UK parliament debate over Brexit on Tuesday knocked the Pound lower, the British currency rebounded and steadied yesterday. However, it was not enough to help Sterling to recover this week’s losses. As MPs voted for the government to reopen Brexit negotiations…(read more)

Pound Dips as Parliament Votes to Reject Irish Backstop

Written by David Worthington on Wednesday, January 30, 2019. Currency News - Sterling / EUR

Pound News: Brexit Fears Rise after Amendments Leave UK No Closer to Averting No-Deal Outcome The Pound plummeted against most major rivals on Tuesday evening as the latest parliamentary debate on Brexit ended with MPs sending Prime Minister Theresa May back to Brussels for further negotiations. However, as the EU has said its position will…(read more)

Pound Slips ahead of Today’s Brexit Debate, US Dollar Traders Anticipate Trade Talks and Fed

Written by James Spurway on Tuesday, January 29, 2019. Currency News - Sterling / EUR

Pound News: Sterling Slides from Best Levels with Brexit Outlook in Question Last week, investors piled into the Pound on rising hopes that UK politicians would take measures to prevent a no-deal Brexit, although by yesterday Sterling was back down from its recent highs. As analysts warned that the default outcome remains a no-deal Brexit…(read more)

GBP/EUR Exchange Rate Strikes 19-Month High on Brexit Deal Hopes

Written by Alastair Archbold on Monday, January 28, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1597 Last week’s low: €1.1278   Pound Shoots Up as No-Deal Chances Diminish The Pound Euro (GBP/EUR) exchange rate extended its recent run of gains into a fourth week last week amid growing optimism that the UK would avoid a no-deal Brexit. There were various different factors that contributed to the improvement…(read more)

Brexit Speculation Helps Pound Surge against Mixed US Dollar

Written by Alastair Archbold on Monday, January 28, 2019. Currency News - Sterling / USD

Last week’s high: $1.3134 Last week’s low: $1.2836   GBP/USD Benefits from Lack of Fresh US Dollar Demand, Brexit Hopes Despite some strong US data last week, the US Dollar outlook was ultimately unchanged as the figures continued to indicate what markets already expected. While US ecostats have shown that the US economy is holding…(read more)

GBP/CAD Exchange Rate Slips as Brexit Tensions Mount

Written by Alastair Archbold on Monday, January 28, 2019. Currency News - Sterling / CAD

  Last week’s high: CA$1.7514 Last week’s low: CA$1.7055   Canadian Dollar Weighed Down by US-Sino Tensions and Poor Retail Sales Last Tuesday the Pound Canadian Dollar (GBP/CAD) exchange rate rallied as employment in the UK reached a record high and the number of people looking for work fell to 4%, a 40-year low. Wage…(read more)

Pound Slips off Three-Month High vs Australian Dollar as Brexit Dominates

Written by Alastair Archbold on Monday, January 28, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8506 Last week’s low: AU$1.7935   Brexit Speculation Boosts GBP/AUD Exchange Rate to Three-Month High Speculation over Brexit saw the GBP/AUD exchange rate climb sharply over the course of the week, hitting its highest level since October 2018. As investors saw the odds of a no-deal Brexit declining, in spite of the…(read more)

Sterling Slips Back from Wednesday’s Rally, Euro Slumps on Eurozone PMI Misses

Written by Adam Wiffen on Friday, January 25, 2019. Currency News - Sterling / EUR

Pound News: Sterling Struggles to Hold Best Levels amid Brexit Uncertainty The Pound saw mixed movement yesterday following the currency’s broad surge against most rivals on Wednesday. Investors sold the British currency from its best levels against majors like the US Dollar and Canadian Dollar. Hopes that Parliament could work towards preventing a no-deal Brexit…(read more)

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