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Currency News

USD Exchange Rates Return to Back Foot on Mixed Fed Messages

Written by James Spurway on Thursday, January 11, 2018. Currency News - Sterling / USD

Pound News: Optimistic GDP Estimate Failed to Boost Sterling The mood towards the Pound (GBP) remained generally bearish on Wednesday, even though the latest raft of UK data was rather mixed in nature. Even though the NIESR gross domestic product estimate for the fourth quarter of 2017 bettered expectations, suggesting an uptick in growth, this…(read more)

Euro Fails to Capitalise on Falling Eurozone Unemployment Rate

Written by David Bayliss on Wednesday, January 10, 2018. Currency News - Sterling / EUR

Pound News: Markets Unimpressed by May’s Cabinet Reshuffle Markets remained unimpressed with the results of Theresa May’s highly anticipated cabinet reshuffle, leaving Pound (GBP) exchange rates on a weaker footing. The lack of change, and reports that some ministers refused to move as the Prime Minister wanted, added to investor doubts over Theresa May’s political…(read more)

Unimpressive Construction Growth Dents Australian Dollar (AUD) Exchange Rates

Written by Jack Wiles on Monday, January 8, 2018. Currency News - Sterling / AUD

Pound News: Halifax Points Towards Slowing UK Housing Market The Halifax house price data for December proved rather discouraging for Pound (GBP) exchange rates, with prices showing a surprise contraction on the month. While the ultimate impact of Theresa May’s much-anticipated cabinet reshuffle proved to be rather limited this was not enough to shore up…(read more)

GBP/AUD could Drop on Ballooning Trade Deficit

Written by James Baxter on Monday, January 8, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7412 Last week’s low: AU$1.7221 Surprise Trade Deficit Triggered Australian Dollar Losses The Pound ended last week trading up against the Australian Dollar, but UK domestic data wasn’t completely supportive. On the plus side, the UK services PMI showed higher-than-expected growth. Less helpfully, new car sales in 2017 declined overall. This was…(read more)

New Zealand Dollar Edges Higher after Sharp New Year Slump

Written by Joe Mayhew on Monday, January 8, 2018. Currency News - Sterling / NZD

Last week’s high: NZ$1.9214 Last week’s low: NZ$1.8907 GBP/NZD Slumps from Two-Week High as FOMC Minutes Boost New Zealand Dollar The GBP/NZD exchange rate was making sharp gains at the beginning of this week, despite disappointing UK PMIs and a strong rise in dairy prices at the latest Global Diary Trade auction, which should have…(read more)

Canadian Dollar Outlook Improves after Impressive Jobs Data

Written by Alastair Archbold on Monday, January 8, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7041 Last week’s low: C$1.6770 GBP/CAD Plunges on Impressive Canadian Data The Pound to Canadian Dollar exchange rate saw largely flat trade last week, trending closely below the week’s opening levels due to a lack of market appetite for the Pound amid long-term concerns about Britain’s economic outlook during the Brexit process….(read more)

GBP/EUR Climbs After Lacklustre Eurozone Inflation Data

Written by Jimi Boake on Monday, January 8, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1296 Last week’s low: €1.1209 Euro Softer as Weak Inflation Undermines ECB Tightening Odds December’s raft of Eurozone manufacturing and services PMIs continued to paint an encouraging picture of the domestic economy last week, boosting demand for the Euro. With the Eurozone looking set to maintain a strong level of economic momentum…(read more)

GBP/USD Fluctuates on Mixed US Employment Data

Written by Arron Morris on Monday, January 8, 2018. Currency News - Sterling / USD

Last week’s high: $1.3611 Last week’s low: $1.3484 US Dollar Rocked by Employment Figures The US Dollar was met by notable volatility last week as mixed employment data played havoc with market sentiment. While USD was able to recoup some of the week’s early losses on Thursday as the ADP employment data suggested that the…(read more)

US Dollar Extends Slump After Uninspiring Fed Meeting Minutes

Written by James Baxter on Friday, January 5, 2018. Currency News - Sterling / EUR

Pound News: Mixed UK Services PMI Limits GBP Demand Although December’s UK services PMI showed a modest uptick on the month this failed to encourage any particular support for Pound (GBP) exchange rates on Thursday. The underlying details of the report were not overly encouraging, with a decline in business sentiment suggesting that the UK…(read more)

Pound Falters as Construction Sector Outlook Weakens

Written by Joe Mayhew on Thursday, January 4, 2018. Currency News - Sterling / EUR

Pound News: GBP Slumps on Weaker Construction PMI Demand for the Pound (GBP) weakened sharply on Wednesday on the back of a disappointing December construction PMI. Particularly concerning was the subdued nature of longer-term confidence amongst construction firms, with the report’s measure of sentiment falling to its lowest level since mid-2013. Even so, if today’s…(read more)

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