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Currency News

Australian Dollar Gains on Jobs Data

Written by James Baxter on Thursday, October 19, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.6859 Yesterday’s low: AU$1.6765 Sterling Subdued as Pay Growth Remains Slow The Pound found only fleeting gains against the Australian Dollar on Wednesday as average earnings in the UK held at 2.2% in August, leaving wages lagging well behind inflation, which currently sits at 3%. Meanwhile the Australian Dollar gained during the Australasian…(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)

GBP/USD Losses possible on Poor UK Retail Sales

Written by Arron Morris on Thursday, October 19, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3212 Yesterday’s low: $1.3139 US Dollar Recovers from Worst Levels Low UK unemployment failed to prevent GBP/USD losses on Wednesday. The good news was that UK unemployment remained at 4.3%, the lowest reported level since 1975. Less supportively, however, UK average earnings remained at 2.2% – evidence of the continuing UK wage squeeze….(read more)

Gloomy Christmas Forecasts Triggered GBP/CAD Slide

Written by Laura Parsons on Thursday, October 19, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6538 Yesterday’s low: C$1.6437 Will UK Retail Sales Disappoint Pound Traders? Yesterday was a bad one for the Pound, with the currency recording losses against the Canadian Dollar and several of the other majors. UK employment figures failed to give much reason for cheer, with a 42-year low jobless rate not obscuring alarming…(read more)

Resilient Eurozone Construction Supports Euro

Written by Arron Morris on Thursday, October 19, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1222 Yesterday’s low: €1.1175 GBP/EUR Retreats Further as Wage Squeeze Intensifies As European Central Bank (ECB) President Mario Draghi mostly focused on the need for Eurozone leaders to implement structural reforms, his latest speech failed to weigh on the Euro. A lack of fresh commentary on the monetary policy outlook offered some measure…(read more)

GBP/AUD Tumbles despite Uptick in UK Inflation

Written by James Baxter on Wednesday, October 18, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.6918 Yesterday’s low: AU$1.6793 Pound Slumps as Rising Inflation Causes Wage Gap to Grow The Pound nosedived against the majority of its peers on Tuesday as an uptick in the UK’s inflation rate from 2.9% to 3% in September prompted concerns that the fall in real wages is growing even wider. Further weakening…(read more)

Carney’s Warnings about the Impact of Brexit Weaken GBP/NZD

Written by Joe Mayhew on Wednesday, October 18, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.8515 Yesterday’s low: NZ$1.8344 Sterling Tumbles as Odds of November Rate Hike Slide The Pound fell against the other majors on Tuesday as markets reacted to comments from Bank of England (BoE) Governor Mark Carney who again warned about the economic impact of Brexit, while also hinting that investors may be waiting a…(read more)

GBP/USD Sheds Half of Last Week’s Gains

Written by Arron Morris on Wednesday, October 18, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3280 Yesterday’s low: $1.3157 US Dollar Benefits from Strong Production Data The US Dollar easily gained against a weak Pound on Tuesday as the latest US industrial production results beat expectations. While the previous year-on-year figure was revised lower from 1.5% to 1.2%, the September print came in at 1.6%. The monthly figure…(read more)

Fresh Brexit Concerns Send GBP/CAD Lower

Written by Mr R Beaumont on Wednesday, October 18, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6647 Yesterday’s low: C$1.6521 Brexit Uncertainty Keeps Pressure on the Pound The Pound to Canadian Dollar exchange rate shed most of its recent gains during Tuesday as Sterling investors became even more anxious about the lack of progress in Brexit negotiations. ‘Hard Brexit’ concerns have been pressuring the Pound again this week, as…(read more)

GBP/EUR Slumps on BoE Comments

Written by Adam Wiffen on Wednesday, October 18, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1288 Yesterday’s low: €1.1198 Eurozone Economic Sentiment Proves Muted October’s ZEW economic sentiment surveys proved disappointing, with confidence in both Germany and the wider Eurozone failing to improve as hoped. This put pressure on the Euro on Tuesday, especially as positive US data saw the US Dollar trending higher against many of the…(read more)

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