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Currency News

GBP/USD Exchange Rate Rises on Hawkish BoE Outlook

Written by Alastair Archbold on Monday, February 11, 2019. Currency News - Sterling / USD

Last week’s high: $1.3093 Last week’s low: $1.2868 US Dollar Slides on US-China Tension The start of last week saw the GBP/USD exchange rate slip back from the $1.30 level as the UK saw both a weak construction and services PMI. Tuesday saw the release of the US non-manufacturing PMI for January, which slipped below…(read more)

Bank of England Comments Support Sterling, Euro Remains Unappealing as German Data Disappoints

Written by David Bayliss on Friday, February 8, 2019. Currency News - Sterling / EUR

  Pound News: Bank of England Comments and Brexit Speculation Extends Pound Recovery The Pound saw mixed movement yesterday but in the afternoon there was a jump in demand that helped it to recover much of the losses it had seen earlier in the week against major currency rivals. Investors were more willing to buy…(read more)

Euro Slumps on German Recession Fears, ‘Aussie’ Plummets on RBA Rate Cut Bets

Written by Jack Wiles on Thursday, February 7, 2019. Currency News - Sterling / EUR

  Pound News: Sterling Edges Away from Weekly Lows on Brexit Delay Speculation The Pound has spent most of the week so far tumbling, as weaker UK data and Brexit uncertainties left investors anxious about the future of Britain’s economy. Sterling was able to rebound slightly against most major rivals yesterday though. Britain’s opposition Labour…(read more)

Britain’s Economic Outlook Continues to Worsen, RBA Less Dovish than Expected

Written by Joe Mayhew on Wednesday, February 6, 2019. Currency News - Sterling / EUR

Pound News: UK Services Sector Near-Stagnant According to PMI Report Market appetite for the Pound lightened further yesterday as investors digested the latest UK services PMI report from Markit. The data indicated that Britain’s services sector had been virtually stagnant in January, coming in at 50.1 rather than the expected 51.0. Analysts are concerned that…(read more)

Disappointing Data Leaves Main Currencies under Pressure Following Volatile Week

Written by Michael Vaughan on Tuesday, February 5, 2019. Currency News - Sterling / EUR

Pound News: UK Construction PMI Slumps and Keeps Sterling Unappealing Since no-deal Brexit fears returned last week, investors have had little reason to buy the Pound and this has caused the British currency to fall back from its highs over the past week. Recent UK data has done little to change that either. On Friday,…(read more)

GBP/CAD Exchange Rate Tumbles as No-Deal Risks Rise

Written by Alastair Archbold on Monday, February 4, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.7489 Last week’s low: C$1.7156   Pound Knocked by No-Deal Brexit Fears The Pound to Canadian Dollar exchange rate fell sharply last week as Sterling reeled due to fears of a no-deal Brexit being reignited after MPs rejected an amendment that sought to extend Article 50. Placing further pressure on GBP exchange…(read more)

GBP/AUD Exchange Rate Hit by Political Uncertainties despite Risk-Off

Written by Alastair Archbold on Monday, February 4, 2019. Currency News - Sterling / AUD

  Last week’s high: A$1.8435 Last week’s low: A$1.7944   Pound Slumps as No-Deal Brexit Fears are Reignited The Pound to Australian Dollar exchange rate fell markedly last week as Sterling was hammered by fears that a no-deal Brexit was becoming increasingly likely following the vote in the House of Commons in which MPs approved…(read more)

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