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Currency News

Bank of England (BoE) News Weighs on Pound, US Dollar Steady

Written by Joe Mayhew on Wednesday, September 12, 2018. Currency News - Sterling / EUR

Pound News: Mixed Moves on UK Data and Bank of England Developments Sterling was able to keep most of Monday’s Brexit-inspired gains as the week continued, but the British currency was knocked slightly from its best levels as investors digested the latest Bank of England (BoE) news. The BoE confirmed that BoE Governor Mark Carney’s…(read more)

Barnier’s Fresh Brexit Comments Boost Pound, Risk-Sentiment Remains Low

Written by Tom Taylor on Tuesday, September 11, 2018. Currency News - Sterling / EUR

Pound News: Pound Bullish on Signs of Brexit Progress Most of the Pound’s gains last week came about as a result of comments from EU Chief Negotiator Michel Barnier, regarding progress in UK-EU negotiations. Barnier gave the Pound yet another boost on Monday, as he said it would be ‘realistic’ to expect that a UK-EU deal could be reached within the…(read more)

GBP/AUD Exchange Rate Rallies amid Emerging Market Sell-Off

Written by Alastair Archbold on Monday, September 10, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8131 Last week’s low: AU$1.7788 Australian Dollar Hit by Emerging Market Fears The Pound Australian Dollar exchange rate surged higher last week as the ‘Aussie’ got caught up in a broad sell-off of emerging market currencies. However Sterling initially got off to a weak start as some lacklustre UK PMI readings and…(read more)

Weak Eurozone PMIs Boost GBP/EUR Exchange Rate

Written by Michael Vaughan on Monday, September 10, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1210 Last week’s low: €1.1059 Weaker Eurozone PMIs Weigh Heavily on Euro Exchange Rates Some unexpected downward revisions to August’s raft of Eurozone PMIs left the Euro on a generally weaker footing over the course of the week. While both the manufacturing and service sectors remained firmly in growth territory, the loss…(read more)

GBP/USD Struggles to Hold Weekly Highs as US Jobs Data Beats Forecasts

Written by Arron Morris on Monday, September 10, 2018. Currency News - Sterling / USD

Last week’s high: $1.3017 Last week’s low: $1.2798 US Non-Farm Payrolls Support US Dollar, as Sterling Bolstered by Brexit Speculation All in all, the Pound to US Dollar exchange rate didn’t see much change in value throughout the last week. The US Dollar easily climbed against a Brexit-battered Pound in the first half of the…(read more)

Can Sterling Rise Against the Canadian Dollar on Faster GDP Growth?

Written by Alastair Archbold on Monday, September 10, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7105 Last week’s low: C$1.6800 High Hopes for Brexit Deal Boosts GBP/CAD Exchange Rate Last Week The Pound made stop-and-start gains against the Canadian Dollar last week, opening trading at CA$1.6879 and closing higher at CA$1.7041. A higher UK services PMI provided some support, but the main drivers of GBP demand were…(read more)

Brexit Speculation Keeps Sterling Steady, US-China Trade Jitters Continue

Written by Alastair Archbold on Friday, September 7, 2018. Currency News - Sterling / EUR

Pound News: Hopes for Smoother Brexit Talks Keeps Sterling Afloat Despite a lack of fresh Brexit developments or UK political news on Thursday, the Pound held firm against most major currencies as Wednesday’s Brexit news kept markets relatively optimistic. On Wednesday, a report suggested that Germany and the UK had softened stances on some of…(read more)

Sterling Briefly Jumps on Latest Brexit Developments, Bank of Canada (BoC) Leaves Rates Frozen

Written by Sam Bowrey on Thursday, September 6, 2018. Currency News - Sterling / EUR

Pound News: Could UK and Germany Drop Key Brexit Demands? The Pound briefly surged on Wednesday afternoon after Bloomberg reported that the UK and Germany had dropped some major sticking points and disagreements in Brexit negotiations. The report indicated that the nations were more willing to accept a less-detailed agreement rather than allowing negotiations to…(read more)

Bank of England Speculation Supports Sterling, ‘Aussie’ Recovers on RBA’s Neutral Tone

Written by Reece Hansford on Wednesday, September 5, 2018. Currency News - Sterling / EUR

Pound News: Brexit-Inspired Selloff Eases on Bank of England (BoE) Speculation The Pound’s latest Brexit-inspired tumble was short-lived, as the Pound steadied on Tuesday thanks to speculation that Bank of England (BoE) Governor Mark Carney’s term could be extended beyond his originally planned end-date of 2019. Carney indicated that he would be willing to stay…(read more)

Brexit Uncertainties Hit Pound Again, Australian Dollar Rebounds from Worst Levels

Written by Michael Brothers on Tuesday, September 4, 2018. Currency News - Sterling / EUR

Pound News: Disagreements in Brexit Talks Keep Pressure on Sterling Last week’s boost in hopes for a closer post-Brexit agreement between the UK and EU was short-lived, and the Pound spent much of Monday shedding some of the gains it made last week. EU Chief Negotiator Michel Barnier said there were key parts of the…(read more)

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