Lower Government Borrowing Boosts Pound, Australian Dollar Softens After Disappointing Inflation

Pound News: Lower Levels of Government Debt Boost Confidence Pound (GBP) exchange rates found support on the back of the latest UK public sector net borrowing data, which showed that government borrowing in the last financial year fell to its lowest level since 2007. This naturally encouraged confidence in the outlook of the UK economy, … Read more Lower Government Borrowing Boosts Pound, Australian Dollar Softens After Disappointing Inflation

Further Euro Volatility Forecast on Latest Eurozone Inflation Data

Last week’s high: €1.1380 Last week’s low: €1.1277 Underwhelming Eurozone Data Maintains Dovish ECB Policy Outlook A weaker-than-expected raft of Eurozone manufacturing and services PMIs put some pressure on the Euro. Although the data still pointed towards another solid month of sector expansion investors were deterred by the thought that the domestic economy is losing … Read more Further Euro Volatility Forecast on Latest Eurozone Inflation Data

Dip in UK Consumer Confidence Undermines GBP

Pound News: GBP Lifted by IMF Assessment. The Pound (GBP) strengthened against most of the majors on Wednesday as the IMF welcomed the progress in Brexit, although the institution did also stress that the UK’s split from the EU would still weigh on the domestic economy and that a transitional deal must be struck. While … Read more Dip in UK Consumer Confidence Undermines GBP

EU Delays Start of Trade Talks, Pound Retreats

Pound News: GBP Gains Undermined by Trade Delays The Pound (GBP) initially jumped against the other majors on Friday as the UK finalized an exit agreement with the EU, resolving the tricky issue of the Irish border. However, the uptick in Sterling proved to be short lived as investors were dismayed to learn that the … Read more EU Delays Start of Trade Talks, Pound Retreats

Canadian Dollar Volatility ahead on BOC Speech

Yesterday’s high: C$1.6756 Yesterday’s low: C$1.6671 GBP/CAD Gains thanks to Brexit-Based Optimism The Pound saw a 0.3% advance against the Canadian Dollar yesterday thanks to a speech from Prime Minister Theresa May. While Pound traders were initially rattled by news of a -12.2% decline in new car sales, reactions to the data were short-lived. The … Read more Canadian Dollar Volatility ahead on BOC Speech

Australian Dollar Weakened by RBA Rate Cut Speculation

Yesterday’s high: AU$1.6989 Yesterday’s low: AU$1.6796 RBA The Australian Dollar fell against the majority of its peers on Monday following suggestions from economists that a decline in Australian retail sales in both July and August could prompt the Reserve Bank of Australia’s (RBA) next move to be an interest rate cut rather than a hike, … Read more Australian Dollar Weakened by RBA Rate Cut Speculation

GBP/AUD Stabilises as UK Services PMI Rises

Yesterday’s high: AU$1.7011 Yesterday’s low: AU$1.6930 Pound Holds Steady as Service PMI Beats Expectations After tumbling in the first half of the week, the GBP/AUD exchange rate finally managed to stabilise yesterday following a surprise uptick in the UK’s Services PMI in September. However Sterling still struggled to advance as the data proved to be … Read more GBP/AUD Stabilises as UK Services PMI Rises

US Dollar Strengthens vs. Pound

Yesterday’s high: $1.3448 Yesterday’s low: $1.3368 US Dollar Continues Climbing on Domestic Data Following a comparatively hawkish speech from Federal Reserve Chairwoman Janet Yellen on Tuesday evening, Wednesday’s US data has helped keep the US Dollar appealing, leaving the GBP/USD exchange rate weaker. The pair hit its lowest levels in almost two weeks on Wednesday, … Read more US Dollar Strengthens vs. Pound

GBP/CAD Surges as UK Inflation Beats Expectations

Yesterday’s high: C$1.6126 Yesterday’s low: C$1.5936 Pound Rockets Higher Against the Canadian Dollar as CPI Figures Impress The Pound leapt by around half a cent against the Canadian Dollar on Tuesday following the release of the UK’s latest CPI data as inflation surged from 2.6% to 2.9% in August, matching the four-year high struck in … Read more GBP/CAD Surges as UK Inflation Beats Expectations

GBP/AUD Touches Weekly High as Australian Growth Underwhelms

Yesterday’s high: AU$1.6387 Yesterday’s low: AU$1.6264 Australian Growth Data Underwhelms AUD Traders An underwhelming Australian growth report weighed on Australian Dollar demand for most of Wednesday’s session, helping the GBP/AUD exchange rate advance. Q2’s Australian Gross Domestic Product (GDP) results came in at 0.8% quarter-on-quarter and 1.8% year-on-year. However, due to recently strong data, some … Read more GBP/AUD Touches Weekly High as Australian Growth Underwhelms