Foremost Currency Group

Make the most of your currency

Talk to our friendly team:+44 (0)1442 892060

Currency News

Australian Inflation Disappoints While Euro Investors Anticipate European Central Bank Decision

Written by David Bayliss on Thursday, July 26, 2018. Currency News - Sterling / EUR

Pound News: Soft Brexit Hopes Fail to Sustain Pound Uptrend While soft Brexit hopes did rise slightly this week and bolster Pound demand on Tuesday, this didn’t lead to a sustained Pound rally. Uncertainties remain, so Pound investors await more Brexit news and next week’s Bank of England (BoE) policy decision. Wednesday also saw the…(read more)

Brexit Developments Offer Sterling Support, Euro and US Dollar Down on Mixed PMI Projections

Written by Jimi Boake on Wednesday, July 25, 2018. Currency News - Sterling / EUR

Pound News: Soft Brexit Hopes Bolstered as UK Cabinet takes Control of Negotiations After seeing limited movement throughout Monday, demand for the Pound rose slightly on Tuesday due to developments in the UK government before Parliament began its summer recess. UK Prime Minister Theresa May published a statement saying that the UK government’s Cabinet Office…(read more)

GBP/AUD Losses ahead on Higher AU Inflation Rates?

Written by Alastair Archbold on Monday, July 23, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7872 Last week’s low: AU$1.7581 Lower BoE Rate Hike Odds Drag GBP/AUD down The Pound struggled in trading against the Australian Dollar last week, progressively declining due to negative UK economic data. UK ecostats showed that wage growth, inflation and retail sales were all slowing, which rattled GBP traders and led to…(read more)

US Dollar Knocked Back from Best Levels as Investors Fear Potential Currency War

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

Last week’s high: $1.3289 Last week’s low: $1.2965 Pound Recovers from Lows Versus US Dollar on Trump’s Concerning Comments Foreign exchange markets were shocked by the latest developments in the US-China trade dispute on Friday, leading to a US Dollar (USD) selloff and helping the highly unappealing Pound (GBP) to recover slightly from its worst…(read more)

GBP/CAD Slumps as UK Data Raises Doubts over BoE Rate Hike

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

Last week’s high: C$1.7402 Last week’s low: C$1.7226 Sterling Sentiment Sours on Gloomy UK Data The Pound Canadian Dollar exchange rate was hit with heavy losses last week, falling as much as two cents at times following a run of weak data from the UK. This included the UK’s latest wage growth, inflation and retail…(read more)

Brexit and UK Economic Fears Knock GBP/EUR to 2018 Lows

Written by Tom Taylor on Monday, July 23, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1338 Last week’s low: €1.1164 Euro Gains Limited by Expectations of Monetary Policy Divergence Last week was a busy – and somewhat bearish – one for the Pound to Euro exchange rate. While the week’s Eurozone data was relatively underwhelming, the surprising misses in UK data and the fresh Brexit uncertainties and…(read more)

Bank of England (BoE) Bets Fall on UK Retail Data, Trade War Jitters Return

Written by Michael Vaughan on Friday, July 20, 2018. Currency News - Sterling / EUR

Pound News: UK Retail Sales Miss Forecasts and Weaken Bank of England (BoE) Bets The Pound is on track to see losses against most major rivals this week, as Thursday rounded off the gloomy UK news with an underwhelming June retail sales report. UK retail sales unexpectedly contracted month-on-month in June and slowed more than…(read more)

Sterling Tumbles as Bank of England (BoE) Interest Rate Hike Bets Fall, Eurozone Inflation Falls Short

Written by Alastair Archbold on Thursday, July 19, 2018. Currency News - Sterling / EUR

Pound News: Weak UK Inflation Leaves Investors Double-Guessing Rate Hike On Tuesday evening Brexit jitters worsened as UK Prime Minister Theresa May barely avoided defeat on a vote regarding Britain’s membership in an EU customs union post-Brexit. The situation exacerbated concerns about the strength of May’s leadership. On Wednesday the Pound selloff continued as investors…(read more)

Pound Tumbles as Brexit Uncertainties Pile Up, US Dollar Strengthens on Expectations for More Fed Rate Hikes

Written by Sam Bowrey on Wednesday, July 18, 2018. Currency News - Sterling / EUR

Pound News: Latest Brexit Uncertainties Knock GBP Lower UK Prime Minister Theresa May’s position on the Brexit process looks increasingly uncertain this week as following concessions on her plan in Parliament on Monday, yesterday saw May face yet another defeat on her Brexit plan. Britain’s opposition Labour Party confirmed it would back an amendment on…(read more)

© Copyright 2013 to 2018 | Foremost Currency Group Ltd | All rights reserved