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Currency News

GBP/USD Strikes Two-Week High as Brexit Sentiment Improves

Written by Alastair Archbold on Tuesday, May 7, 2019. Currency News - Sterling / USD

Last week’s high: $1.3097 Last week’s low: $1.2907   Pound Cheers Cross-Party Brexit Progress The Pound US Dollar exchange rate enjoyed a solid start to last week’s session, surging higher on the back of renewed Brexit optimism following reports of progress in cross-party talks. However GBP/USD peaked in the mid-week as the US Dollar bounced…(read more)

Federal Reserve and Bank of England Both Eschew Dovishness

Written by Joe Mayhew on Friday, May 3, 2019. Currency News - Sterling / EUR

Pound News: Bank of England (BoE) Decision Leaves Pound Mixed The Bank of England’s May policy decision on Thursday had little impact on Pound movement for most of yesterday’s session, even as it indicated that it may need to hike UK interest rates at a faster pace than markets expect. Sterling has been supported by…(read more)

Risk Appetite Up despite Returning Brexit Jitters and US Dollar Strength

Written by Michael Vaughan on Thursday, May 2, 2019. Currency News - Sterling / EUR

Pound News: Sterling Holds Gains despite Concerns in Manufacturing Outlook On Tuesday the Pound saw a surge in demand thanks to speculation that the UK government and opposition Labour Party were getting closer to agreeing over Brexit. Sterling also benefitted slightly from yesterday’s news that the latest UK manufacturing PMI beat expectations. However, analysts remained…(read more)

Eurozone Growth Outlook Shows Hint of Recovery as US and Canadian Outlooks Weaken

Written by Alastair Archbold on Wednesday, May 1, 2019. Currency News - Sterling / EUR

Pound News: Reports of Progress in Brexit Talks Bolsters Sterling Could a solution to the Brexit process be reached within weeks? Market hopes that UK government talks with the opposition Labour Party could reach a compromise bolstered demand for the Pound yesterday. Reports that the tone of negotiations had improved made investors bullish about the…(read more)

Weaker Eurozone and US Data hits Currency Markets

Written by Tom Taylor on Tuesday, April 30, 2019. Currency News - Sterling / EUR

y Pound News: Brexit Uncertainty Limits Pound Recovery Potential Some investors opted to buy the Pound yesterday, as it rebounded slightly from the losses seen last week. However, the currency’s gains were limited overall as concerns remained about UK political uncertainties. The government’s cross-party negotiations to find a Brexit compromise have been perceived as unsuccessful…(read more)

GBP/USD Exchange Rate Edges Up despite Storming US GDP Print

Written by Alastair Archbold on Monday, April 29, 2019. Currency News - Sterling / USD

Last week’s high: $1.3013 Last week’s low: $1.2869   US Dollar Falls as Q1 US GDP Accelerates The start of last week saw the Pound US Dollar (GBP/USD) exchange rate slide as Washington announced all waivers on imports of sanctioned Iranian oil would be ending. The pairing continued to fall despite a statement from the…(read more)

GBP/CAD Exchange Rate Strengthens as BoC Shifts into Neutral

Written by Alastair Archbold on Monday, April 29, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.7499 Last week’s low: C$1.7322   Canadian Dollar Slumps after BoC Drops Interest Rate Hike Reference The mood towards the Canadian Dollar soured significantly in the wake of the Bank of Canada’s (BoC) April policy decision. Although interest rates were left on hold, as expected, investors were caught off guard by the…(read more)

Speculation over RBA Cutting Interest Rates Helps GBP/AUD Advance

Written by Alastair Archbold on Monday, April 29, 2019. Currency News - Sterling / AUD

Last week’s high: AU$1.8441 Last week’s low: AU$1.8156   GBP/AUD Registers Gains on ‘Aussie’ Weakness despite Lack of Drive in Pound Movement Last week was another one of Brexit uncertainties leaving investors hesitant to move much on the Pound. Even as Parliament returned from its Easter recess, investors felt there would be no fresh Brexit…(read more)

GBP/EUR Exchange Rate Stabilises as Cross-Party Brexit Talks Struggle

Written by Alastair Archbold on Monday, April 29, 2019. Currency News - Sterling / EUR

Last week’s high: €1.15922 Last week’s low: €1.15216   Euro Steadies as US-EU Trade Tensions Leave Eurozone Unscathed The Euro began last week weakened by disappointing flash Eurozone consumer confidence figures for April, which fell below consensus to -7.9. Analysts said that the UK’s Brexit, US trade tensions and the damaging French Yellow Vest protests…(read more)

Central Bank Jitters and Strong US Data Keep US Dollar Ahead of the Pack

Written by David Worthington on Friday, April 26, 2019. Currency News - Sterling / EUR

Pound News: Sterling Finds a Little Support in CBI’s Retail Report Demand for the Pound was little-changed yesterday, as investors were hesitant to keep the British currency near its best levels amid Brexit uncertainties, but the latest UK data did prevent a Sterling selloff. The Confederation of British Industry (CBI) published its latest distributive trades…(read more)

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