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Currency News

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)

Brexit Jitters Limit Pound Demand, Euro Stumbles in Spite of Solid Eurozone PMIs

Written by David Worthington on Tuesday, April 24, 2018. Currency News - Sterling / EUR

Pound News: Brexit Worries Continue to Limit GBP Potential Confidence in the Pound (GBP) was somewhat rattled by the latest Brexit-based developments, as Downing Street rejected the idea of the UK remaining in the customs union after departing the EU. With UK and EU officials still at odds over the resolution of the Irish border…(read more)

GBP/CAD Tumbles as Doubts Cast over May Rate Hike

Written by Alastair Archbold on Monday, April 23, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.8055 Last week’s low: C$1.7761 Possible Delay to BoE Rate Hikes Drives Pound Lower The Pound suffered heavy losses against the Canadian Dollar during last week’s session as Sterling was pressured by doubts whether the Bank of England (BoE) would commit to a rate hike next month. This was the result of…(read more)

GBP/USD Plummets as BoE Rate Hike Now in Doubt

Written by Arron Morris on Monday, April 23, 2018. Currency News - Sterling / USD

Last week’s high: $1.4291 Last week’s low: $1.4085 Pound Nosedives as May Rate Hike Expectations Dampened After briefly striking a new post-Brexit high at the start of the session, the Pound US Dollar exchange rate suffered a sharp sell-off last week on fears the Bank of England (BoE) may no longer be targeting a rate…(read more)

Bank of England (BoE) Uncertainty Knocks GBP/AUD Lower

Written by James Baxter on Monday, April 23, 2018. Currency News - Sterling / AUD

  Last week’s high: AU$1.8474 Last week’s low: AU$1.8183   Australian Dollar Gains versus Pound Despite Limited Risk-Sentiment The Australian Dollar has easily been able to sustain gains against the Pound over the last week, but this has been more due to Pound weakness than Australian Dollar strength. Disappointing UK inflation data and the perceived…(read more)

Pound Euro Exchange Rate Forecast to Strengthen on Dovish ECB Meeting

Written by James Spurway on Monday, April 23, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1598 Last week’s low: €1.1379 Shifting Odds of BoE Interest Rate Hike Dent GBP/EUR Exchange Rate A sharp decline in the German ZEW economic sentiment survey put the Euro under pressure on Tuesday. Confidence in the outlook of the Eurozone economy continued to diminish in response to a weak run of domestic…(read more)

Canadian Dollar Benefits as Oil Hits 3-Year High, Australian Dollar Falls on Labour Market Data

Written by James Spurway on Friday, April 20, 2018. Currency News - Sterling / EUR

Pound News: Weaker Retail Sales Failed to Prevent GBP Rally Even though UK retail sales figures fell short of forecast this failed to weigh down the Pound (GBP) for long. The contraction in sales was largely attributable to the adverse weather conditions seen in March, encouraging bets that spending will rebound in April in the…(read more)

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