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Currency News

Pound Euro Exchange Rate Slides on Brexit Fears

Written by Jack Wiles on Monday, July 9, 2018. Sterling / EUR

Last week’s high: €1.1363 Last week’s low: €1.1278 Brexit Warnings Drag GBP/EUR Exchange Rate Lower Brexit returned to the forefront last week, helping to drive the GBP/EUR exchange rate sharply lower as market worries mounted. Warnings from the CEOs of Jaguar Land Rover and Airbus dented sentiment, with both companies indicating they will have to…(read more)

GBP/USD Ticks Higher as US Jobs Figures Disappoint

Written by Arron Morris on Monday, July 9, 2018. Sterling / USD

Last week’s high: $1.3270 Last week’s low: $1.3100 Pound Finds Support from Upbeat PMI Figures The Pound US Dollar exchange rate initially tumbled last week, with investors flocking to USD in the face of rising trade tensions. Sterling was able to mount a solid recovery on Tuesday and Wednesday however, with some upbeat PMI figures…(read more)

Trade Jitters and Weak Canadian Data Cause Weekly Gains for GBP/CAD

Written by Alastair Archbold on Monday, July 9, 2018. Sterling / CAD

Last week’s high: C$1.7433 Last week’s low: C$1.7291 GBP/CAD Gains Limited by Brexit Jitters despite Canadian Dollar Plunge If it wasn’t for some underwhelming Canadian data on Friday, the Pound to Canadian Dollar exchange rate may have seen much less movement last week. Demand for the Pound was curtailed in the latter half of the…(read more)

GBP/AUD Exchange Rate Fluctuates as Trade Tensions Mount

Written by Alastair Archbold on Monday, July 9, 2018. Sterling / AUD

Last week’s high: AU$1.7952 Last week’s low: AU$1.7792 Australian Dollar Rocked by Trade War Fears The Pound Australian Dollar exchange rate was met by volatility last week, with mounting concerns over US trade policy hurting the ‘Aussie’, and Sterling struggling in the face of growing Brexit uncertainty. In terms of data the Pound was supported…(read more)

Pound Fails to Benefit from BoE Bets amid Brexit Jitters, US Data

Written by Jimi Boake on Friday, July 6, 2018. Currency News - Sterling / EUR

Pound News: Brexit Jitters Persist Despite Rising Bank of England (BoE) Interest Rate Hike Bets Bank of England (BoE) interest rate hike bets rose following the publication of Markit’s June UK PMI results, and investors became even more confident in the chances of an August BoE interest rate hike following optimistic comments from BoE Governor…(read more)

Bank of England Bets Boosted by UK Services PMI, Eurozone Growth Outlook Improves

Written by Joe Mayhew on Thursday, July 5, 2018. Currency News - Sterling / EUR

Pound News: Hat Trick of Solid UK PMI Results Bolsters BoE Bets Following stronger than forecast UK manufacturing and construction stats earlier in the week, Wednesday’s UK services PMI rounded out June’s PMIs with a hat trick of strong figures. The UK services PMI unexpectedly improved to its best level in seven months, making investors…(read more)

Sterling Strength Limited Ahead of UK Services PMI, Euro Weakens on Eurozone Retail Sales

Written by Tom Taylor on Wednesday, July 4, 2018. Currency News - Sterling / EUR

Pound News: UK Construction Impresses, but GBP Investors Await UK Services Results Tuesday’s UK construction PMI beat expectations, and the report indicated that new orders were also strong. Following Monday’s forecast-beating manufacturing PMI, it bolstered market hopes that Britain’s economy was performing better than expected. However, Pound strength was limited as the UK construction sector…(read more)

Pound Limp amid UK Economic Jitters, US Dollar Trading Higher

Written by Michael Vaughan on Tuesday, July 3, 2018. Currency News - Sterling / EUR

Pound News: Brexit and UK Economic Uncertainties Keep Pressure on Pound The Pound had a limp start to the week despite news that Britain’s latest manufacturing PMI had actually beaten forecasts. The manufacturing print came in at 54.4 rather than the expected 54. However, when the data was looked at more closely, it indicated that…(read more)

GBP/EUR Exchange Rate Falls, Brexit Continues to Pressure the Pound

Written by Alastair Archbold on Monday, July 2, 2018. Currency News - Sterling / EUR

Last week’s high: EU$1.1384 Last week’s low: EU$1.1254 Euro Soars as EU Reaches Deal on Migration The Pound Euro (GBP/EUR) exchange rate trended lower last week with the Pound coming under constant pressure due to renewed fears regarding Brexit and Theresa May being warned that time was running out to reach an agreement with the…(read more)

GBP/USD Exchange Rate near Seven-Month Low on Bruising Brexit Forecasts

Written by Arron Morris on Monday, July 2, 2018. Currency News - Sterling / USD

Last week’s high: $1.3290 Last week’s low: $1.3061 Pound US Dollar Exchange Rate Damaged by Brexit Pacing Fears Despite an advance on Friday, the Pound struggled against the US Dollar for most of last week and hit the lowest exchange rate since November 2017. This devaluation was down to concerns about limited Brexit progress this…(read more)

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