Currency Market Watch

US Dollar Extends Losses as US Political Jitters Worsen on Fresh Trump-Russia Developments

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Pound News: GBP Could Dip on Sales Data There were no notable developments regarding UK data or the Brexit process on Wednesday, leaving the Pound to be influenced largely by movement in rivals and underlying Brexit uncertainties. Even though some Pound rivals, like the US Dollar (USD), have weakened this week, the Pound’s recovery attempts have been limited as … Read more US Dollar Extends Losses as US Political Jitters Worsen on Fresh Trump-Russia Developments

Commodity Correlated Currencies Surge amid Thin Trading Volumes

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Pound News: GBP Subdued on Mixed Mortgage Data The Pound (GBP) held its ground against the majority of its peers on Thursday as investors reacted to some mixed mortgage figures from the UK. Data published by the British Bankers’ Association (BBA) revealed that, while mortgage approvals fell more than expected in November, year-on-year mortgage lending … Read more Commodity Correlated Currencies Surge amid Thin Trading Volumes

US Dollar Tumbles as US Consumer Sentiment Plummets

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Pound News: GBP Subdued as Boxing Day Sales Fail to Impress The Pound (GBP) had a bit of a mixed day on Wednesday with the return of UK investors after the extended weekend doing little to bolster the currency. Markets were particular dejected by reports suggesting that there had been a significant decline in footfall … Read more US Dollar Tumbles as US Consumer Sentiment Plummets

GBP/CAD remains unchanged

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Written by: Tom Taylor FX Manager T: +44(0)1442 892 074 CAD crosses remain relatively unchanged from yesterday as we prepare for the start of Friday’s trading session. Today sees a lack of any significant data releases from either the UK, Eurozone or Canada so all eyes will be on the US this afternoon when they … Read more GBP/CAD remains unchanged

GBP/AUD Falls Further

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James Baxter Senior Currency Broker T: 01442 892 062 GBP/AUD has fallen further over the last 24 hours despite there being no significant data releases from either country. The Aussie dollar has strengthened, along with the other commodity dollars, as investors favour risky assets over traditional safe-haven currencies, weakening the US dollar in the process. … Read more GBP/AUD Falls Further

Britain one step closer to severing ties with EU

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Adam Wiffen Currency Broker T: +44 (0) 1442 892064 Yesterday Britain published legislation to sever all political, financial and legal ties with the European Union, an important step towards their Brexit goals but one that which the opposition said it would challenge. The repeal bill is at the heart of the government’s plans to exit … Read more Britain one step closer to severing ties with EU

CAD drops after poor oil numbers

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David Bayliss Currency Broker T: 01442 892067 The Canadian Dollar suffered a volatile day against the Pound yesterday seeing swings of over 3 cents between the high and the low of the day. Starting the day’s trading in the high 1.65’s before breaking 1.66, finishing the day languishing in the high 1.63’s. This move can … Read more CAD drops after poor oil numbers

GBP/AUD Flat as Both Currencies Strengthen

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James Baxter Senior Currency Broker T: 01442 892 062 GBP/AUD has traded within a fairly narrow range over the last 24 hours as both currencies have gained strength. The pound has benefitted from better than expected unemployment numbers released yesterday morning, while the Aussie has strengthened after strong Chinese trade numbers and a general weakening … Read more GBP/AUD Flat as Both Currencies Strengthen