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Currency News

Dip in UK Consumer Confidence Undermines GBP

Written by Jimi Boake 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 Mr R Beaumont 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)

New Zealand Dollar Nosedives as Labour Form New Coalition

Written by Joe Mayhew on Thursday, October 19, 2017. Foremost Currency News - Sterling / NZD

Yesterday’s high: NZ$1.8731 Yesterday’s low: NZ$1.8435 Kiwi Plummets as Peters Sides with Labour The New Zealand Dollar has fallen sharply against the other majors this morning as NZ First’s Winston Peters, the kingmaker in the recent election, finally announced (following nearly four weeks of negotiations) that he would be forming a coalition with Labour’s Jacinda…(read more)

Australian Dollar Weakened by RBA Rate Cut Speculation

Written by James Baxter 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 James Baxter 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)

US Dollar Strengthens vs. Pound

Written by Arron Morris on Thursday, September 28, 2017. Currency News - Foremost Currency News - Sterling / USD

Yesterday’s high: $1.3448 Yesterday’s low: $1.3368 US Dollar Continues Climbing on Domestic Data Following a comparatively hawkish speech from Federal Reserve Chairwoman Janet Yellen on Tuesday evening, Wednesday’s US data has helped keep the US Dollar appealing, leaving the GBP/USD exchange rate weaker. The pair hit its lowest levels in almost two weeks on Wednesday,…(read more)

GBP/CAD Surges as UK Inflation Beats Expectations

Written by Mr R Beaumont on Wednesday, September 13, 2017. Foremost Currency News - Sterling / CAD

Yesterday’s high: C$1.6126 Yesterday’s low: C$1.5936 Pound Rockets Higher Against the Canadian Dollar as CPI Figures Impress The Pound leapt by around half a cent against the Canadian Dollar on Tuesday following the release of the UK’s latest CPI data as inflation surged from 2.6% to 2.9% in August, matching the four-year high struck in…(read more)

GBP/AUD Touches Weekly High as Australian Growth Underwhelms

Written by James Baxter on Thursday, September 7, 2017. Foremost Currency News - Sterling / AUD

Yesterday’s high: AU$1.6387 Yesterday’s low: AU$1.6264 Australian Growth Data Underwhelms AUD Traders An underwhelming Australian growth report weighed on Australian Dollar demand for most of Wednesday’s session, helping the GBP/AUD exchange rate advance. Q2’s Australian Gross Domestic Product (GDP) results came in at 0.8% quarter-on-quarter and 1.8% year-on-year. However, due to recently strong data, some…(read more)

CAD/GBP Outlook: Rise Possible on UK Sales Stats

Written by Mr R Beaumont on Thursday, August 17, 2017. Foremost Currency News

Yesterday’s high: C$1.6586 Yesterday’s low: C$1.6495 Canadian Dollar Advances on US Uncertainty While there was no Canadian data to focus on yesterday, the Canadian Dollar was still able to appreciate against the Pound. The advance was largely triggered by the depreciation of the US Dollar, which came amid uncertainty about the content of the Federal…(read more)

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