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Currency News

GBP/EUR Holds Up as Markets Welcome UK Political Clarity

Written by Alastair Archbold on Monday, June 17, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1293 Last week’s low:  €1.1196 Euro Slumps on Disappointing Jobs Report After opening the week at just over €1.12, GBP/EUR saw mixed movement throughout the week and touched a six-month low at one point. The main movement point for GBP/EUR came on Thursday, when it was announced that Boris Johnson had won…(read more)

GBP/AUD Exchange Rate Rises as AU Unemployment Figures Disappoint

Written by Alastair Archbold on Monday, June 17, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8380 Last week’s low:  AU$1.8184 Australian Dollar Slumps on Disappointing Jobs Report On Tuesday, GBP/AUD rose as UK unemployment figures beat market expectations and remained at a 44-year low. Meanwhile, the ‘Aussie’ was left depressed as, despite the Reserve Bank of Australia (RBA) trying to lift the gloom by cutting interest rates,…(read more)

Tensions Keep Oil Prices Bubbling, GBP/CAD Falls Further

Written by Alastair Archbold on Monday, June 17, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.6957 Last week’s low: C$1.6799   Canadian Dollar’s Strong Streak Continues Thanks to Surge in Oil Prices While likely temporary, a surge in oil prices kept the Canadian Dollar climbing against the Pound last week. The Canadian Dollar became more appealing after two oil tankers were allegedly attacked in the Gulf of…(read more)

Pound Surges as Boris Johnson Becomes Clear Frontrunner to Replace Theresa May

Written by Arron Morris on Friday, June 14, 2019. Currency News - Sterling / EUR

Pound News: Sterling Sentiment Remains Limited as No-Deal Brexit Jitters Persist Investors have been backing the Pound back this week, but the British currency’s potential for gains remains limited. Investors are hesitant to buy the Pound much due to concerns that a no-deal Brexit is becoming more likely. Britain’s opposition Labour Party failed to push…(read more)

Slower US Inflation Keeps Investors Betting on Fed Interest Rate Cut

Written by David Bayliss on Thursday, June 13, 2019. Currency News - Sterling / EUR

Pound News: Sterling Continues to Benefit from Jobs Data despite Political Jitters Investors kept supporting the Pound yesterday, despite a lack of fresh positive news for the British currency. In fact, the UK government indicated that the country was not prepared for the possibility of a no-deal Brexit, even though most prospective PMs advocate a…(read more)

UK Growth Shows Shock Contraction as US Dollar Rebounds from Weekend Lows

Written by Joe Mayhew on Tuesday, June 11, 2019. Currency News - Sterling / EUR

Pound News: Contractions in UK Monthly Growth Leads to Fresh Sterling Losses As the UK Conservative Party’s leadership contest gets underway, the Pound is under pressure and yesterday’s fresh economic data only made it less appealing. A slew of UK ecostats, including GDP growth, manufacturing production and industrial production all printed well short of expectations…(read more)

Impressive Canadian Jobs Data Keeps GBP/CAD near Session Lows

Written by Alastair Archbold on Monday, June 10, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.7131 Last week’s low: C$1.6932 GBP/CAD Sees another Week of Losses despite Sterling’s Attempt to Rebound The Pound put in a stronger performance last week against major currency rivals like the Euro and US Dollar as investors were hesitant to keep selling GBP after its weakness in May. However, Sterling wasn’t able…(read more)

GBP/USD Rallies on Fed Rate Cut Speculation

Written by Alastair Archbold on Monday, June 10, 2019. Currency News - Sterling / USD

Last week’s high: $1.2745 Last week’s low: $1.2610   US Dollar Bludgeoned by Rising Rate Cut Odds The Pound US Dollar exchange rate rallied last week, with the pairing climbing around a cent amidst growing speculation that the Federal Reserve will be forced to lower interest rates. Fueling this speculation were comments by Fed Chair…(read more)

GBP/AUD Falls despite RBA Cutting Interest Rates

Written by Alastair Archbold on Monday, June 10, 2019. Currency News - Sterling / AUD

Last week’s high: $1.8257 Last week’s low: $1.8125   Australian Dollar Fluctuates as RBA Cuts Interest Rate The Pound began the week relatively subdued as UK political news was overshadowed by US President Donald Trump’s state visit. Meanwhile the Australian Dollar remained down following Sunday’s printing of the AiG performance of management index figures for…(read more)

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