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Currency News

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 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 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 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 Michael Vaughan 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)

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