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Currency News

Risk Aversion Rules as Stocks Tumble and Global Growth Concerns Persist

Written by Tom Taylor on Friday, December 28, 2018. Currency News - Sterling / EUR

Pound News: Brexit Fears and UK Retail Weakness Continues to Leave Sterling Limp Markets continuing to wait for major developments in the Brexit process had little reason to move on Sterling yesterday, and the British currency was instead more inspired by movements in rival currencies. Investors were even more hesitant to buy Sterling due to…(read more)

US Government Shutdown Leaves Markets Without a Festive Feeling

Written by Michael Vaughan on Thursday, December 27, 2018. Currency News - Sterling / EUR

Pound News: Brexit Uncertainty Keeps Pound Volatile over Christmas Parliament left a lot of questions unanswered about the Brexit process when it split up for its winter recess, leaving the Pound lacking in appeal towards the end of the year. Sterling has been unable to find any support in UK data either, with Britain’s economic…(read more)

GBP/AUD Trends Near Monthly Highs amid Risk-Aversion

Written by Alastair Archbold on Monday, December 24, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7892 Last week’s low: AU$1.7523 Federal Reserve Jitters Lead to Weakness in Risky Australian Dollar Uncertainty about how the Brexit process will unfold didn’t prevent the Pound from climbing versus a weaker Australian Dollar last week. The reality that 2018 would come to an end without any real clarity over Brexit limited…(read more)

GBP/CAD Exchange Rate Jumps as Brent Crude Strikes One-Year Low

Written by Alastair Archbold on Monday, December 24, 2018. Foremost Currency News - Sterling / CAD

Last week’s high: C$1.7157 Last week’s low: C$1.6787 CAD Laid Low By Rout in Oil Prices The Pound Canadian Dollar exchange rate roared higher last week, advancing roughly three cents as the oil-sensitive ‘Loonie’ came under considerable pressure amid a rout in oil prices that saw Brent crude strike a new on-year low. Adding to…(read more)

GBP/USD Climbs despite Brexit Jitters amid US Growth Fears

Written by Arron Morris on Monday, December 24, 2018. Currency News - Sterling / USD

Last week’s high: $1.2703 Last week’s low: $1.2576 Pound to US Dollar Gains Limited by Brexit Uncertainties Despite a lack of drive in the Pound last week, the British currency was able to sustain some gains against a weakened US Dollar. In the middle of the week, the Federal Reserve indicated it could ignore warnings…(read more)

GBP/EUR Exchange Rate Dips as BoE Cuts Growth Forecasts

Written by Alastair Archbold on Monday, December 24, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1153 Last week’s low: €1.1046 Pound Slips on Cautious BoE The Pound Euro (GBP/EUR) exchange rate fell back again last week as markets reacted to the Bank of England’s (BoE) final policy meeting of the year. The lead up to the meeting saw the pound largely remain muted, with ongoing Brexit uncertainty…(read more)

Federal Reserve Decision Spooks Markets, Bank of England Warns on Brexit Uncertainties

Written by Arron Morris on Friday, December 21, 2018. Currency News - Sterling / EUR

Pound News: Sterling Fails to Find Support in Retail Data or Bank of England News The Pound’s movement remained fairly limited on Thursday, being driven more by strength in rivals than by domestic news as investors remained anxious about how the Brexit process would unfold in the coming months. Sterling was little influenced by the…(read more)

Italy and EU Reach Agreement over Budget Row, Analysts Express UK Inflation Concerns

Written by David Worthington on Thursday, December 20, 2018. Currency News - Sterling / EUR

Pound News: No-Deal Brexit Preparation and Slowing UK Inflation Weighs on Sterling Investors had little reason to buy the Pound on Wednesday. Brexit jitters persisted, with both the UK and EU indicating they will ramp up preparation for a possible no-deal Brexit. The latest UK inflation report didn’t do anything to make Sterling more appealing…(read more)

Federal Reserve Jitters Knock US Dollar, UK Government Steps up ‘No-Deal Brexit’ Plans

Written by James Spurway on Wednesday, December 19, 2018. Currency News - Sterling / EUR

Pound News: Sterling Investors Hope UK Will Avoid ‘No-Deal Brexit’ After playing down the possibility of a second EU referendum and announcing a January date for the Parliament vote on the Brexit withdrawal deal on Monday, Sterling movement remained mixed yesterday. The government indicated that it would ramp up planning for the possibility of a…(read more)

Eurozone Inflation Slips, Global Growth Concerns Weigh on Risk-Sentiment

Written by David Bayliss on Tuesday, December 18, 2018. Currency News - Sterling / EUR

Pound News: Brexit Fear Persists as UK Prime Minister Rules out Second EU Referendum The Pound was somewhat becalmed yesterday as Brexit uncertainties remained significant following last week’s numerous complications, with Prime Minister Theresa May’s Brexit deal is still not seen as popular enough to pass through Parliament. Concerns that a ‘no-deal’ Brexit is becoming…(read more)

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