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Currency News

Euro Falls on Eurozone Growth Fears as Canadian Dollar Surges on BoC’s Hawkish Rate Hike

Written by Adam Wiffen on Thursday, October 25, 2018. Currency News - Sterling / EUR

Pound News: Sterling Slumps as Brexit Fears Build A lack of new UK news or Brexit developments yesterday didn’t stop investors from continuing to sell the embattled British currency, as fears built that the UK would fail to secure a Brexit deal, or that such a deal may face overwhelming opposition. On top of worsening…(read more)

Sterling Bolstered by Report of EU Offering Customs Deal, US Dollar Resilient on Safe Haven Demand

Written by James Baxter on Wednesday, October 24, 2018. Currency News - Sterling / EUR

Pound News: Report that EU Could Offer UK-Wide Customs Union Boosts Pound After slumping on Monday and spending Tuesday morning muted, the Pound strengthened against most majors yesterday afternoon thanks to a report that the EU was considering offering Britain a UK-wide customs arrangement. The report claimed that the EU will offer UK Prime Minister…(read more)

UK Political Divisions Knock Pound as Risk-Sentiment Drives Risk Currencies Higher

Written by Arron Morris on Tuesday, October 23, 2018. Currency News - Sterling / EUR

Pound News: Sterling Weighed Down by Latest Round of Brexit Jitters Over the weekend it emerged that UK Prime Minister Theresa May was planning to tell MPs that the UK-EU Brexit deal had been 95% agreed in an effort to quieten critics from within her Conservative Party. However, concerns remain about the lack of progress…(read more)

Will GBP/CAD Drop on Bank of Canada Rate Hike?

Written by Alastair Archbold on Monday, October 22, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.8560 Last week’s low: C$1.8240 Pound to Canadian Dollar Exchange Rate Losses Seen on Brexit Uncertainty Proving that Brexit fears will always threaten the GBP/CAD exchange rate, the Pound posted steady losses last week despite initially supportive data. There was news that UK wage growth accelerated by more than forecast, but later…(read more)

GBP/USD Knocked by Bullish Fed and Brexit Anxiety

Written by Arron Morris on Monday, October 22, 2018. Currency News - Sterling / USD

Last week’s high: $1.3233 Last week’s low:  $1.3014 Dollar Soars on Bullish Fed and Strong Data The Pound US Dollar (GBP/USD) exchange rate took a battering last week as a bullish sounding Federal Reserve boosted the US Dollar on one side, and further Brexit instability weakened the Pound on the other. The Pound did manage…(read more)

GBP/AUD Exchange Rate Loses Ground after Australian Unemployment Rate Surprise

Written by Alastair Archbold on Monday, October 22, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.8560 Last week’s low: AU$1.8240 Australian Dollar (AUD) Exchange Rates Benefit From Lower Unemployment Rate Investors were caught off guard as Australia’s unemployment rate unexpectedly fell in September, easing from 5.3% to 5.0%. However, this sharp decline in unemployment was ultimately driven by a slump in the participation rate, meaning that fewer…(read more)

GBP/EUR Exchange Rate Fluctuates amid Renewed Brexit Uncertainty

Written by David Worthington on Monday, October 22, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1421 Last week’s low: €1.1329 Pound Outlook Sours as EU Sidelines November Summit The Pound Euro (GBP/EUR) exchange rate proved somewhat erratic last week as markets remained unsettled by the latest Brexit and Italy budget developments. GBP investors were left dismayed as the UK and EU failed to secure a Brexit deal…(read more)

Pound Hit by Slowing UK Retail Sales

Written by James Spurway on Friday, October 19, 2018. Currency News - Sterling / EUR

Pound News: GBP Losses Caused by Brexit Panic and Lower Sales Thursday was a day to forget for Pound Sterling traders, with the UK currency falling against most of its peers due to two concerning developments. The first was the news that UK retailers had underperformed in September, with levels of sales activity dropping on…(read more)

Pound Sterling Weakened by Sliding UK Inflation

Written by David Bayliss on Thursday, October 18, 2018. Currency News - Sterling / EUR

Pound News: GBP Exchange Rate Losses Caused by UK Inflation Upset The Pound made noticeable losses against its peers yesterday, with an unexpected drop in UK inflation draining GBP trader confidence. September’s data showed a larger-than-expected decline in yearly and monthly inflation, which led traders to assume that a 2019 Bank of England (BoE) interest…(read more)

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