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Currency News

Easing Eurozone Growth Limits Euro Demand, Canadian Dollar Softened By Oil Slump

Written by Joe Mayhew on Thursday, May 3, 2018. Currency News - Sterling / EUR

Pound News: UK Construction Sector Returns to State of Growth In a slightly more positive sign for the UK economy April’s construction PMI rebounded solidly on the month, rising from 47 to 52.5. However, the ultimate impact of the data was somewhat limited thanks to the relatively small contribution that the construction sector makes to…(read more)

Pound Slumps After Manufacturing Disappointment, US Dollar Bullish Ahead of Fed Meeting

Written by Tom Taylor on Wednesday, May 2, 2018. Currency News - Sterling / EUR

Pound News: Weaker Manufacturing Growth Weighs on GBP Confidence Investors were unimpressed to find that the UK manufacturing PMI had fallen short of forecast in April, suggesting that the economy continued to lose momentum at the start of the second quarter. This weighed heavily on Pound (GBP) exchange rates, with the odds of a May…(read more)

Solid US Inflation Boosts US Dollar, Canadian Dollar Shrugs off Oil Weakness

Written by Michael Brothers on Tuesday, May 1, 2018. Currency News - Foremost Currency News - Sterling / EUR

Pound News: Political Jitters Add to Sterling Softness Friday’s weaker-than-expected UK gross domestic product data kept the Pound (GBP) on a softer footing at the start of the week. With the odds of a May Bank of England (BoE) interest rate hike falling GBP exchange rates also came under pressure from the latest domestic political…(read more)

GBP/AUD Slides as UK GDP Disappoints

Written by James Baxter on Monday, April 30, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8471 Last week’s low: AU$1.81879 Pound Weakened as UK Growth falls to 0.1% The Pound Australian Dollar exchange rate trended lower again last week as Sterling was rocked by some much weaker-than-expected growth figures. UK economic growth was shown to have slowed from 0.4% to just 0.1% during the first quarter of…(read more)

GBP/EUR Slumps Sharply as UK Growth Hits the Rocks

Written by Sam Bowrey on Monday, April 30, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1517 Last week’s low: €1.1384 GBP/EUR Exchange Rate Upside Limited despite Dovish ECB Outlook The European Central Bank’s (ECB) April policy meeting failed to produce much support for Euro exchange rates. Investors were unsurprised to see that policymakers had left monetary policy unchanged for another month, with the quantitative easing programme set…(read more)

GBP/CAD Tanks as Bank of England (BoE) Interest Rate Hike Bets Fall

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

Last week’s high: C$1.7980 Last week’s low: C$1.7698 Poor UK Growth Data Causes Pound to Canadian Dollar Exchange Rate Selloff The Pound to Canadian Dollar exchange rate initially saw modest gains last week, but following Friday’s disappointing UK growth projections the Pound plunged and GBP/CAD ended the week lower. As UK GDP growth came in…(read more)

Dovish ECB Keeps Euro Under Pressure, Pound Climbs Ahead of UK GDP Data

Written by Reece Hansford on Friday, April 27, 2018. Currency News - Sterling / EUR

Pound News: Weaker UK GDP to Drag Sterling Down A better-than-expected BBA loans for house purchase figure offered some support to Pound (GBP) exchange rates on Thursday, even as the housing market showed signs of slowing. Confidence in the Pound could weaken markedly this morning, however, if the first quarter UK gross domestic product is…(read more)

Lower Government Borrowing Boosts Pound, Australian Dollar Softens After Disappointing Inflation

Written by Jessica Coot on Wednesday, April 25, 2018. Currency News - Foremost Currency News - Sterling / EUR

Pound News: Lower Levels of Government Debt Boost Confidence Pound (GBP) exchange rates found support on the back of the latest UK public sector net borrowing data, which showed that government borrowing in the last financial year fell to its lowest level since 2007. This naturally encouraged confidence in the outlook of the UK economy,…(read more)

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