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Currency News

Bank of England Governor Knocks Sterling with Cautious Tone, US Dollar Sturdy on Fed Hawkishness

Written by Alastair Archbold on Friday, August 3, 2018. Currency News - Sterling / EUR

Pound News: Bank of England (BoE) Rate Hike Sends Sterling Lower The Bank of England (BoE) surprised investors by being unanimous about its decision to hike UK interest rates on Thursday, but comments from Bank of England Governor Mark Carney ultimately weighed on the Pound. Carney indicated that the Bank of England’s path of interest…(read more)

Sterling Edges Higher Ahead of BoE Decision, US-China Trade Jitters Worsen

Written by Sam Bowrey on Thursday, August 2, 2018. Currency News - Sterling / EUR

Pound News: Bank of England (BoE) Anticipation Drags Sterling from Lows While the Pound still lacks any particularly strong support, it was able to move away from its worst levels during Wednesday’s session despite some underwhelming UK manufacturing PMI data. The UK manufacturing PMI slipped from 54.3 to a lower-than-expected 54.0, but market anticipation for…(read more)

Weakening Consumer Confidence Hits Pound, Euro Struggles on Mixed Data

Written by Reece Hansford on Wednesday, August 1, 2018. Currency News - Sterling / EUR

Pound News: Falling Consumer Confidence Weighs on Sterling As the GfK consumer confidence index unexpectedly weakened from -9 to -10 in July this has left the Pound (GBP) on a softer footing against its rivals. Investors were not particularly encouraged to find that sentiment had continued to sour at the start of the third quarter,…(read more)

Pound Remains Soft in Spite of Rising UK Credit, Euro Defies Weaker German Inflation

Written by Michael Brothers on Tuesday, July 31, 2018. Currency News - Sterling / EUR

Pound News: Sterling Fails to Benefit From Solid Credit Figures Both June’s UK net consumer credit and mortgage approvals figures bettered forecast, showing a solid uptick on the month. This was not enough to shore up Pound Sterling (GBP), however, as investors continued to speculate over the likelihood of an imminent Bank of England (BoE)…(read more)

Bank of England Speculation Helps GBP/EUR to Rise

Written by David Worthington on Monday, July 30, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1274 Last week’s low: €1.1179 European Central Bank (ECB) Tone Keeps Pressure on Euro Despite Brexit and Bank of England (BoE) uncertainties weighing heavily on the Pound and limiting the Pound to Euro (GBP/EUR) exchange rate’s potential for gains, the pair still advanced last week due to weakness in the Euro. Hopes…(read more)

GBP/AUD Exchange Rate Benefits From Weak Australian Inflation

Written by Alastair Archbold on Monday, July 30, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7792 Last week’s low: AU$1.7655 Underwhelming Inflation Dents Australian Dollar Weaker-than-expected second quarter consumer price index data saw the Australian Dollar slump sharply on Wednesday. Markets were disappointed to find that inflation had failed to advance on the quarter, holding steady at a rate of 0.4%. However, as global trade tensions showed…(read more)

GBP/CAD Slides as Brexit Uncertainty Weighs on Sentiment

Written by Alastair Archbold on Monday, July 30, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7402 Last week’s low: C$1.7226 Canadian Dollar Bolstered by Rising Oil Prices, Trade Optimism The Pound Canadian Dollar exchange rate started last week’s session on a fairly stable footing, with Theresa May’s decision to take personal control of Brexit negotiations and renewed confidence that the Bank of England (BoE) will raise interest…(read more)

GBP/USD Fails to Recover as US Dollar Supported by Impressive GDP Print

Written by Arron Morris on Monday, July 30, 2018. Currency News - Sterling / USD

Last week’s high: $1.3212 Last week’s low: $1.3075 Pound Recovers from Lows Versus US Dollar on Trump Comments While most of last week’s US data wasn’t particularly impressive, it was solid enough to keep investors confident that the Federal Reserve would continue to hike US interest rates and this made it easier for the US…(read more)

European Central Bank Decision Unsurprising, US Dollar Rebounds

Written by James Spurway on Friday, July 27, 2018. Currency News - Sterling / EUR

Pound News: Bank of England (BoE) Speculation Keeps Sterling Afloat Thursday came and went without any particularly influential news for Pound investors. Markets ultimately remained steady on the British currency in anticipation of next week’s key Bank of England (BoE) decision. The Pound has edged higher this week due to soft Brexit hopes and expectations…(read more)

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