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Currency News

GBP/CAD Exchange Rate Jumps as Brent Crude Strikes One-Year Low

Written by Alastair Archbold on Monday, December 24, 2018. Foremost Currency News - Sterling / CAD

Last week’s high: C$1.7157 Last week’s low: C$1.6787 CAD Laid Low By Rout in Oil Prices The Pound Canadian Dollar exchange rate roared higher last week, advancing roughly three cents as the oil-sensitive ‘Loonie’ came under considerable pressure amid a rout in oil prices that saw Brent crude strike a new on-year low. Adding to…(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)

Solid US Inflation Boosts US Dollar, Canadian Dollar Shrugs off Oil Weakness

Written by Alastair Archbold on Tuesday, May 1, 2018. Currency News - Foremost Currency News - Sterling / EUR

Pound News: Political Jitters Add to Sterling Softness Friday’s weaker-than-expected UK gross domestic product data kept the Pound (GBP) on a softer footing at the start of the week. With the odds of a May Bank of England (BoE) interest rate hike falling GBP exchange rates also came under pressure from the latest domestic political…(read more)

Lower Government Borrowing Boosts Pound, Australian Dollar Softens After Disappointing Inflation

Written by Alastair Archbold on Wednesday, April 25, 2018. Currency News - Foremost Currency News - Sterling / EUR

Pound News: Lower Levels of Government Debt Boost Confidence Pound (GBP) exchange rates found support on the back of the latest UK public sector net borrowing data, which showed that government borrowing in the last financial year fell to its lowest level since 2007. This naturally encouraged confidence in the outlook of the UK economy,…(read more)

Further Euro Volatility Forecast on Latest Eurozone Inflation Data

Written by David Bayliss on Monday, February 26, 2018. Foremost Currency News - Sterling / EUR

Last week’s high: €1.1380 Last week’s low: €1.1277 Underwhelming Eurozone Data Maintains Dovish ECB Policy Outlook A weaker-than-expected raft of Eurozone manufacturing and services PMIs put some pressure on the Euro. Although the data still pointed towards another solid month of sector expansion investors were deterred by the thought that the domestic economy is losing…(read more)

Dip in UK Consumer Confidence Undermines GBP

Written by James Spurway on Thursday, December 21, 2017. Foremost Currency News - Sterling / EUR

Pound News: GBP Lifted by IMF Assessment. The Pound (GBP) strengthened against most of the majors on Wednesday as the IMF welcomed the progress in Brexit, although the institution did also stress that the UK’s split from the EU would still weigh on the domestic economy and that a transitional deal must be struck. While…(read more)

Canadian Dollar Volatility ahead on BOC Speech

Written by Michael Vaughan on Tuesday, November 7, 2017. Currency News - Foremost Currency News - Sterling / CAD

Yesterday’s high: C$1.6756 Yesterday’s low: C$1.6671 GBP/CAD Gains thanks to Brexit-Based Optimism The Pound saw a 0.3% advance against the Canadian Dollar yesterday thanks to a speech from Prime Minister Theresa May. While Pound traders were initially rattled by news of a -12.2% decline in new car sales, reactions to the data were short-lived. The…(read more)

Australian Dollar Weakened by RBA Rate Cut Speculation

Written by Joe Mayhew on Tuesday, October 10, 2017. Foremost Currency News - Sterling / AUD

Yesterday’s high: AU$1.6989 Yesterday’s low: AU$1.6796 RBA The Australian Dollar fell against the majority of its peers on Monday following suggestions from economists that a decline in Australian retail sales in both July and August could prompt the Reserve Bank of Australia’s (RBA) next move to be an interest rate cut rather than a hike,…(read more)

GBP/AUD Stabilises as UK Services PMI Rises

Written by Joe Mayhew on Thursday, October 5, 2017. Foremost Currency News - Sterling / AUD

Yesterday’s high: AU$1.7011 Yesterday’s low: AU$1.6930 Pound Holds Steady as Service PMI Beats Expectations After tumbling in the first half of the week, the GBP/AUD exchange rate finally managed to stabilise yesterday following a surprise uptick in the UK’s Services PMI in September. However Sterling still struggled to advance as the data proved to be…(read more)

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