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Currency News

Pound Exchange Rates Gain on UK Wage Data – BoE Decision Ahead

Written by Michael Vaughan on Thursday, March 22, 2018. Currency News - Sterling / EUR

Pound News: Higher Wages Boost Confidence in UK Outlook An unexpectedly strong uptick in the latest UK average weekly earnings data encouraged the Pound (GBP) to make further gains on Wednesday. Coupled with Tuesday’s weaker inflation reading this suggests that the year-long squeeze on wages could be coming to an end, leading to a potential…(read more)

Pound Wobbles as UK Inflation Falls Short of Forecast

Written by Alastair Archbold on Wednesday, March 21, 2018. Currency News - Sterling / EUR

Pound News: Weaker Inflation Dents BoE Rate Hike Bets Some of the wind came out of the Pound’s (GBP) sails on Tuesday, with markets disappointed by the weaker-than-expected UK consumer price index data. As inflation eased further than forecast on the year in February this cast some doubt on the prospect of the Bank of…(read more)

Pound Surges as Draft Brexit Treaty Heralds Breakthrough

Written by Jessica Coot on Tuesday, March 20, 2018. Currency News - Sterling / EUR

Pound News: Sterling Buoyed as Brexit Optimism Climbs Confidence in the Pound (GBP) picked up further yesterday with the publication of an EU-UK joint Brexit treaty draft, which outlined a ‘complete accord’ on several key issues. While agreement is yet to be made on the subject of the Irish border this still represented a significant…(read more)

GBP/USD Fluctuates on Upbeat Private Sector Activity and US Fed Rate Hike Anticipation

Written by Arron Morris on Monday, March 19, 2018. Currency News - Sterling / USD

Friday’s high: £1.3981 Friday’s low: £1.3888 GBP/USD Exchange Rate Pressured as US Manufacturing Production Smashes Forecasts The Pound US Dollar (GBP/USD) exchange rate fluctuated last Friday, falling later into the day as markets responded to a surprising run of upbeat private sector figures from the US. According to the US Federal Reserve, industrial production (a…(read more)

GBP/AUD Surges as Risk Appetite Ebbs

Written by James Baxter on Monday, March 19, 2018. Currency News - Sterling / AUD

Friday’s high: £1.8013 Friday’s low: £1.7864 GBP/AUD Exchange Rate Climbs on Fears of an Escalating Global Trade War The Pound Australian Dollar (GBP/AUD) exchange rate climbed last Friday, capitalising on escalating fears of a possible global trade war and the severe implications it could have on riskier commodity currencies like the ‘Aussie’ Dollar. Investors (abhorring…(read more)

GBP/EUR Ticks Higher as UK 2018 Growth Revised Up

Written by Jessica Coot on Monday, March 19, 2018. Currency News - Sterling / EUR

Last Week’s High: €1.1339 Last Week’s Low: €1.1242 Pound Bolstered by Spring Statement It was a quiet session in terms of UK data last week, but despite this the Pound was still able to record some gains against the Euro. This uptick in Sterling was partly driven by a positive reaction to Chancellor Philip Hammond’s…(read more)

GBP/CAD Soars to Best Post-Brexit Levels on US Trade Concerns

Written by Alastair Archbold on Monday, March 19, 2018. Currency News - Sterling / CAD

GBP/CAD Soars to Best Post-Brexit Levels on US Trade Concerns Last week’s high: C$1.8290 Last week’s low: C$1.7740 Weak Canadian Dollar Helps GBP/CAD Reach Best Levels since 2016 Despite Brexit uncertainties weighing on the Pound, the Pound to Canadian Dollar exchange rate saw major gains of over 4 cents last week and on Friday the…(read more)

Pound (GBP) Exchange Rates Rally as Unilever Reassures Markets that HQ Location will not Result in Job Losses

Written by David Worthington on Friday, March 16, 2018. Currency News - Sterling / EUR

Pound News: Davis Backs Shorter Brexit Transition Period, Unilever Picks Rotterdam for HQ Thursday was a bit of a peculiar day for Sterling, with the currency struggling in the first half of the day but rallying later into the afternoon after the consumer goods giant Unilever asserted that their decision to pick Rotterdam, rather than…(read more)

Pound (GBP) Exchange Rates Skittish as UK Moves to Expel 23 Russian Diplomats

Written by James Spurway on Thursday, March 15, 2018. Currency News - Sterling / EUR

Pound News: Risk of UK / Russia Escalation Restrains Sterling The Pound (GBP) remained on uncertain footing for most of Wednesday, limited by news that Britain is moving to expel 23 Russian diplomats in response to the use of a nerve toxin attack on the former Russian Agent Sergei Skripal and daughter Yulia. Markets abhor…(read more)

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