Last week’s high: AU$1.2971 Last week’s low:  AU$1.2776   Australian Dollar Rises as Consumer Confidence Unexpectedly Rebounds Last week saw the Pound Australian Dollar (GBP/AUD) exchange rate weaken, as concerns over Brexit once again came to the fore, while Australian consumer confidence picked up. In the UK, GDP growth was revealed to have hit a…(read more)

Last week’s high: CA$1.7192 Last week’s low:  CA$1.6980   Canadian Dollar Rises on Lowered Global Risk Sentiment Last week saw the Pound Canadian Dollar (GBP/CAD) exchange rate slide, with data showing that UK GDP had hit a six-year low, expanding by only 1.4%. US-China trade discussions in Beijing began, with the ‘Loonie’ gaining support from…(read more)

Last week’s high: $1.2966 Last week’s low: $1.2776   GBP/USD Falls as Spectre of Brexit Re-Emerges The Pound US Dollar exchange rate remained volatile last week after Prime Minister Theresa May faced a humiliating defeat in Parliament on Thursday, dampening market confidence in Sterling. The first half of the session saw the Pound weaken following…(read more)

Last week’s high: €1.1433 Last week’s low: €1.1319   Euro Falls Out of Favour as German Economy Stagnates As the German economy only narrowly avoided falling into a technical recession in the fourth quarter this left the Euro on a weaker footing. The stagnation in German growth raised fresh worries over the outlook of the…(read more)

Pound News: Pound Jittery amid Day of Brexit Debate Demand for the Pound fluctuated yesterday as investors became anxious during the latest UK Parliament debate over the Brexit process. Hopes that there could be some positive developments were limited throughout the day, and in the afternoon the Pound tumbled on fears that the government’s position…(read more)

Pound News: Slowing UK Inflation Dampens Pound Demand The Pound benefitted from weakness in rivals yesterday, but its gains were limited as the latest UK data came in short of expectations and dampened Bank of England (BoE) interest rate hike bets. Britain’s January Consumer Price Index (CPI) results came in short of expectations in both…(read more)

Pound News: UK Economic Uncertainties and Brexit Keep Pressure Up on Sterling As Monday’s UK data showed major contractions and worsened concerns about Britain’s economic outlook, the Pound continued to remain unappealing yesterday. Investors were hesitant to make any big moves on the Pound ahead of upcoming data and potential Brexit developments. Brexit uncertainties have…(read more)

Pound News: Brexit Jitters amid Contractions in UK Production and Monthly GDP Monday’s UK data largely printed short of expectations, as growth results, production data and business investment showed contractions. Uncertainties about Brexit and the global growth outlook were among the reasons given as causes. As a result of the data, the Pound was too…(read more)

Last week’s high: €1.1452 Last week’s low: €1.1338   Underwhelming UK and Eurozone Data Drive GBP/EUR Exchange Rate Volatility It was a volatile week for the GBP/EUR exchange rate as both the UK and Eurozone economies continued to show signs of weakness. As January’s UK services PMI slumped to just 50.1, falling into a state…(read more)

Last week’s high: AU$1.8330 Last week’s low: AU$1.7875   Australian Dollar Falters on RBA Rate Cut Concerns The Pound Australian Dollar exchange rate rocketed higher last week after Reserve Bank of Australia (RBA) Governor Philip Lowe suggested that the next move in interest rates is ‘evenly balanced’ between a hike and a cut. This erased…(read more)