Currency News

The Pound enjoyed strong support this week, with the currency being underpinned by expectations the Bank of England (BoE) could start raising interest rates sooner than previously expected.  At the same time, the Euro fell back this week as the European Central Bank’s (ECB) dovish bias became an liability for the single currency.  Pound Underpinned by BoE Rate Hike … Read more Pound Rallies on BoE Rate Hike Speculation, Euro Slumps on Dovish ECB Expectations

The US Dollar trended broadly lower this week, with the currency being undermined by an upbeat market mood, coupled with a very disappointing US payroll print.  At the same time, the Pound has been able to rally this week, as an apparent improvement in the UK’s fuel and energy situation bolstered Sterling sentiment.  Pound Firms … Read more US Dollar Tumbles on Abysmal US Payroll Report, Pound Rallies as UK Fuel Crisis Eases

The Pound tumbled to new multi-month lows this week, as the UK’s fuel crisis exacerbated concerns over the resilience of the UK’s economic recovery.  At the same time, the US Dollar appreciated sharply through this week’s session, as a prevailing risk-off mood saw investors favour the safe-haven currency.  Pound Plummets as Economic Concerns Compounded by Fuel Crisis  … Read more Pound Collapses amidst Mounting UK Economic Concerns, US Dollar Soars in Bearish Trade

The Pound came under some notable pressure through this week’s session, with the currency only finding some brief respite after the Bank of England dropped hints regarding a potential rate hike early next year.  At the same time, the US Dollar was well supported this week as a Hawkish Federal Reserve coupled with a prevailing … Read more Pound Rebounds from One-Month Low on BoE Rate Hike Speculation, US Dollar Firms in Risk-Off Trade

The US Dollar rallied this week as a prevailing risk-off mood more than made up for a soft US inflation reading at the start of the session.  At the same time, in spite of some strong UK data, the Pound struggled to consolidate its gains this week amidst fresh political and economic uncertainty.  Pound Fluctuates … Read more US Dollar Appreciates in Risk-Off Trade, Pound Struggles to Consolidate Gains in Spite of Upbeat Data

The Euro softened this week, as the European Central Bank (ECB) reiterated its currency dovish stance on monetary policy.  At the same time, the US Dollar traded in a wide range this week, in response to fluctuating market sentiment.  Pound Rebounds from Brexit and Tax Hike Driven Losses  GBP/EUR – Up one cent on the week’s opening levels  GBP/USD – Unchanged on the week’s opening … Read more Euro Undermined by Dovish ECB Policy Statement, US Dollar Infused with Volatility amid Fluctuating Risk Appetite

The US Dollar faced broad pressure through this week’s session, as the currency was undermined by lacklustre employment figures, coupled with a prevailing risk-off mood.  At the same time, the Euro enjoyed some notable support through the first part of this week’s session, on the back of some robust Eurozone data.  Pound Subdued amidst UK … Read more US Dollar Tumbles on Dire US Employment Releases, Euro Lifted by Strong Data Releases

Pound News: GBP muted as UK inflation slows  The Pound (GBP) traded narrowly against the major currencies today following yesterday’s release of the UK’s latest unemployment rate report, which dipped from 4.8% to 4.7%.   Today also saw the UK’s inflation data cool from 2.5% in June to 2% last month, with the headline rate expected to … Read more Pound Rangebound as UK Inflation Cools