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Currency News

GBP/EUR Powers Ahead on Brexit Positivity and Weaker Eurozone Data

Written by Arron Morris on Monday, October 8, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1355 Last week’s low:  €1.1209 Euro on a losing Streak as Pound Consolidates Gains The Pound Euro exchange rate gained around 1.2% last week, hitting a three month high following some positive developments regarding Brexit combined with mixed economic data coming out of the Eurozone. The first half of the week was…(read more)

Pound Sterling Exchange Rates Boosted by Irish Brexit Support

Written by David Worthington on Friday, October 5, 2018. Currency News - Sterling / EUR

Pound News: GBP Supported by Signs of Irish Support Ireland came to the Pound’s rescue yesterday, with reports of Irish government support for a UK-wide customs deal causing all-round GBP exchange rate gains. The hope was that this would be the much-needed breakthrough in Brexit talks on the Irish border, with the Irish proposal representing…(read more)

Pound Sterling Exchange Rate Rises on PM’s Conference Speech

Written by James Spurway on Thursday, October 4, 2018. Currency News - Sterling / EUR

Pound News: GBP Rallies on PM’s Optimistic Outlook The Pound rose against most of its currency peers on Wednesday afternoon, aided by Prime Minister Theresa May’s speech at the Conservative Party Conference. While there were detractors, the PM’s comments on (eventually) ending austerity and remaining civil in Brexit talks went down well among GBP traders….(read more)

Pound Suffers Setbacks as Construction Disappoints and Political Jitters Mount

Written by David Bayliss on Wednesday, October 3, 2018. Currency News - Sterling / EUR

Pound News: GBP Down Across the Board as Construction PMI Comes in Below Forecasts Pound Sterling fell against all of the major currencies yesterday after a day in which GBP investors became focused on some flaccid data results and political turmoil. The construction PMI for September was forecast to show slowing growth but when it…(read more)

Pound Sterling Rises on Supportive UK Manufacturing Stats

Written by Jack Wiles on Tuesday, October 2, 2018. Currency News - Sterling / EUR

Pound News: GBP Boosted by Surprise UK Manufacturing Growth Pound Sterling rose against most of its regular currency peers yesterday, thanks to better-than-expected UK manufacturing PMI data. Forecasts had been for a slowdown in sector growth, but instead the data showed an acceleration during September. The UK is one of the few nations with national…(read more)

GBP/EUR Volatility ahead on UK and Eurozone PMI Data

Written by Jimi Boake on Monday, October 1, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1266 Last week’s low: €1.1131 Last Week’s News: GBP/EUR Gains Triggered by Fed Rate Hike and Mixed Eurozone Inflation Stats Having tumbled against the Euro on 21st September, the Pound was able to regain lost ground and rise in the GBP/EUR pairing last week to almost completely recover. This exchange rate rise…(read more)

GBP/AUD Exchange Rate News: Choppy Ride for Sterling as Business Investment Disappoints

Written by Alastair Archbold on Monday, October 1, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8210 Last week’s low: AU$1.7903 Sturdy GDP Data Fails to Lift Pound against the Australian Dollar The Pound spent last week recovering many of its losses against the Australian Dollar but came under pressure on Friday, losing -0.5% over the day. The loss came despite UK Q2 GDP figures coming in on-forecast,…(read more)

GBP/CAD Exchange Rate Fluctuates on Brexit, NAFTA Optimism

Written by Alastair Archbold on Monday, October 1, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7196 Last week’s low: C$1.6926 Pound Rebounds on Upbeat Brexit Outlook The Pound to Canadian Dollar exchange rate got off to a strong start last week, due to some broad Brexit optimism following upbeat remarks from the UK’s Brexit minister Dominic Raab and German Chancellor Angela Merkel on the chances of a…(read more)

GBP/USD Slides as Fed Raises Interest Rates

Written by Arron Morris on Monday, October 1, 2018. Currency News - Sterling / USD

Last week’s high: $1.3200 Last week’s low: $1.3033 US Dollar Bolstered by the Fed’s Upbeat Outlook The Pound US Dollar exchange rate surged as much as a cent at the start of last week’s session as the pairing looked to recoup some of the ground lost during the previous session. This rebound in Sterling appeared…(read more)

Pound Sterling Steady ahead of Key UK GDP Data

Written by Joe Mayhew on Friday, September 28, 2018. Currency News - Sterling / EUR

Pound News: GBP could Rally on UK GDP Data The Pound firmed against the Euro and Australian Dollar yesterday, although this was mainly because of weakness in the latter two currencies. There was limited UK domestic data out yesterday, with the overhanging threat of a no-deal Brexit limiting overall Pound exchange rate gains. After a…(read more)

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