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Currency News

RBA Caution on Inflation Dents Australian Dollar Demand

Written by Jack Wiles on Wednesday, February 7, 2018. Currency News - Sterling / AUD

Pound News: Brexit Uncertainties Weigh on Sterling The high level of uncertainty that still surrounds the UK government’s approach to Brexit kept Pound (GBP) exchange rates under pressure on Tuesday. With markets concerned by the persistent lack of clarity over what the ultimate shape of the UK’s future relationship with the EU could be there…(read more)

Pound Falters as UK Economy Lost Momentum in January

Written by Jimi Boake on Tuesday, February 6, 2018. Currency News - Sterling / EUR

Pound News: UK Service Sector Growth Disappoints Rounding off a trio of underwhelming UK PMIs, the service sector clocked its slowest rate of expansion since September 2016 in January. As a result, the Pound (GBP) trended lower across the board on Monday, with its weakness exacerbated by the latest signs of division over Brexit within…(read more)

GBP/USD Sheds Weekly Gains as US Non-Farm Payroll Impresses

Written by Arron Morris on Monday, February 5, 2018. Currency News - Sterling / USD

Last week’s high: $1.4274 Last week’s low: $1.3984 Investors Send US Dollar Higher The Pound to US Dollar exchange rate was sold from near its best levels on Friday afternoon as investors reacted to the latest US Non-Farm Payroll report, which was generally impressive and rounded off a week of strong US data. The change…(read more)

Pound Gains Vs New Zealand Dollar Limited on UK Economic Uncertainties

Written by Joe Mayhew on Monday, February 5, 2018. Currency News - Sterling / NZD

Yesterday’s high: NZ$1.9395 Yesterday’s low: NZ$1.9095 GBP/NZD Fails to Hold Highs as UK Data Disappoints The Pound advanced against the New Zealand Dollar last week amid speculation that the Bank of England (BoE) could be preparing to tighten UK monetary policy more than expected in 2018. However, GBP/NZD gains were limited towards the end of…(read more)

GBP/AUD Jumps as Australian Inflation Disappoints

Written by James Baxter on Monday, February 5, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7830 Last week’s low: AU$1.7358 Australian Dollar Stumbles as Inflation Fails to Meet Expectations The Pound rallied against the Australian Dollar last week as Australia’s latest inflation reading missed expectations, only rising to 1.9% against forecasts of 2% in the fourth quarter. Combined with a significant contraction in building approvals in December,…(read more)

GBP/CAD Bolstered by Carney Comments

Written by Alastair Archbold on Monday, February 5, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7309 Last week’s low: C$1.7557 CAD Supported by GDP, Manufacturing Data The Pound climbed against the Canadian Dollar last week as Bank of England (BoE) Governor Mark Carney hinted that in light of the UK’s latest economic performance the bank would be revising up its growth forecasts this year. However the Pound…(read more)

Euro Benefits as Confidence in Eurozone Economy Remains High

Written by James Baxter on Monday, February 5, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1466 Last week’s low: €1.1326 Strong Eurozone Data Continues to Support EUR Exchange Rates Investors were encouraged to find that the Eurozone consumer price index was stronger than forecast in January, despite a slight dip on the year. This helped to fuel hopes that the European Central Bank (ECB) will return to…(read more)

US Dollar Fails to Capitalise on Rising Fed Interest Rate Hike Odds

Written by Joe Mayhew on Friday, February 2, 2018. Currency News - Sterling / EUR

Pound News: Sterling Shrugs Off Underwhelming Manufacturing PMI While the UK manufacturing PMI fell short of forecast in January, dipping from 56.2 to 55.7, this failed to particularly weigh on Pound (GBP) exchange rates. As the index stayed firmly within expansion territory and demonstrated a sharp uptick in export growth the mood towards Sterling remained…(read more)

Euro Exchange Rates Recover Ground on Solid Eurozone Inflation

Written by Tom Taylor on Thursday, February 1, 2018. Currency News - Sterling / EUR

Pound News: Rejection of City Brexit Proposal Dents Sterling Markets were unsettled by reports that EU officials have rejected a blueprint for a post-Brexit free trade deal on financial services, raising fresh concerns over the future of the City. This naturally weighed on the Pound (GBP), with investors still seeing little cause for confidence in…(read more)

Surprise Trade Surplus Boosts New Zealand Dollar Rates

Written by Michael Vaughan on Wednesday, January 31, 2018. Currency News - Sterling / EUR

Pound News: BoE Rate Hike Hopes Support GBP Exchange Rates A leaked cabinet report on Brexit dented Pound (GBP) exchange rates on Tuesday, with the document indicating that all three most likely Brexit scenarios will leave the economy worse off. However, Sterling soon recovered from this knock, with markets encouraged by the latest comments from…(read more)

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