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Currency News

GBP/EUR Trends Narrowly After Positive Data Day

Written by James Baxter on Friday, September 22, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1365 Yesterday’s low: €1.1316 Euro Strengthens as Consumer Confidence Hits 16 Year High In another positive sign for the Euro the Eurozone consumer confidence index for September was unexpectedly revised higher from -1.5 to -1.2. This saw the index return to its highest level since 2001, suggesting that the mood within the currency…(read more)

GBP/USD Stabilises as Investors Digest Fed Policy Announcement

Written by Arron Morris on Friday, September 22, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3517 Yesterday’s low: $1.3469 Pound Stabilises Following Better than Expected Public Sector Borrowing Figures The Pound US Dollar exchange rate trended in a narrow range for much of Thursday as markets digested the Federal Reserve’s announcement that it would begin cutting its balance sheet over the coming months. Meanwhile better than forecast public…(read more)

GBP/AUD Climbs on RBA Cautiousness

Written by James Baxter on Friday, September 22, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7079 Yesterday’s low: AU$1.6831 Pound Capitalises on Weak Australian Dollar The Australian Dollar weakened throughout Thursday’s European session as investors digested some cautious comments from Reserve Bank of Australia (RBA) Governor Philip Lowe. Due to hawkish forecasts from NAB and ANZ on RBA interest rate hike chances, markets had once again speculated that…(read more)

New Zealand Dollar Slides after Fed Rate Decision

Written by Joe Mayhew on Friday, September 22, 2017. Currency News - Sterling / NZD

Friday’s high: NZ$1.8527 Friday’s low: NZ$1.8362 NZD Tumbles as Investors Flock to US Dollar The New Zealand Dollar slumped against most of the other majors on Thursday in the wake of the latest Federal Reserve policy meeting which saw demand for the US Dollar jump, weakening high-yield currencies such as the ‘Kiwi’. Meanwhile the Pound…(read more)

GBP/CAD Hits Two-Month-High Ahead of Brexit Speech

Written by Mr R Beaumont on Friday, September 22, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6713 Yesterday’s low: C$1.6636 Risk-Aversion Keeps Canadian Dollar Under Pressure Despite some better-than-expected Canadian ecostats on Thursday, the Pound to Canadian Dollar exchange rate continued to climb. Canada’s July wholesale sales report was forecast drop from -0.5% to -0.9%, but instead improved to 1.5%. Due to higher bets that the Federal Reserve will…(read more)

GBP/EUR Gains After Bullish UK Sales Data

Written by Joe Mayhew on Thursday, September 21, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1326 Yesterday’s low: €1.1246 Euro Fails to Capitalise on Rising German Prices While the latest German producer price index pointed towards a continued uptick in inflationary pressure this was not enough to boost the Euro. The positive impact of the data was limited by persistent market doubts over the likelihood of the European…(read more)

US Dollar Jumps as Fed Announces Unwinding of Balance Sheet

Written by Arron Morris on Thursday, September 21, 2017. Currency News - Sterling / USD

Yesterday’s high: $1.3592 Yesterday’s low: $1.3465 US Dollar Climbs Following Fed Policy Meeting The US Dollar surged yesterday evening following the latest Federal Reserve policy meeting, in which the bank announced that it would begin reducing the $4.5 trillion balance sheet that it has accrued in the decade since the financial crisis. Investors were also…(read more)

GBP/AUD Rate could Turn Volatile on UK Borrowing Deficit

Written by James Baxter on Thursday, September 21, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.6913 Yesterday’s low: AU$1.6782 BoE Rate Hike Uncertainty left GBP Weak on Wednesday The Pound clearly struggled against the Australian Dollar during Wednesday’s trading session. The main UK news was that retail sales had exceeded forecasts, although this failed to provide day-long support. Traders were more concerned about the odds of a Bank…(read more)

New Zealand Dollar Steadies as NZ Election Nears

Written by Joe Mayhew on Thursday, September 21, 2017. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.8498 Yesterday’s low: NZ$1.8345 New Zealand Dollar Strengthens on Current Account and Election Polls Demand for the New Zealand Dollar was stronger for most of Wednesday’s trade session. The ‘Kiwi’ easily pushed the Pound lower, despite positive UK retail sales data for August. On Wednesday, New Zealand’s Q2 current account report came in…(read more)

Pound to Canadian Dollar Rate Volatile after Strong UK Retail Sales

Written by Mr R Beaumont on Thursday, September 21, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6692 Yesterday’s low: C$1.6554 GBP/CAD Rate Trended Tightly on Rampant BoE Speculation Despite a set of forecast-beating UK retail sales figures yesterday morning, the Pound only managed to make minor gains against the Canadian Dollar. Sterling was limited in its advance by underlying worries about the Bank of England (BoE). While higher retail…(read more)

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