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Currency News

UK Wages and Brexit Speculation Keep Pound Appealing, Risk Aversion Ups US Dollar Demand

Written by David Bayliss on Wednesday, January 23, 2019. Currency News - Sterling / EUR

Pound News: UK Job Market Report and Brexit Speculation Boosts Sterling Despite market focus on Brexit, the Pound benefitted from UK job market data yesterday as it was revealed that UK wage growth had hit its best level for a decade. The UK unemployment rate also unexpectedly improved, to 4.0%. On top of this, the…(read more)

Brexit ‘Plan B’ Fails to Influence Sterling as Slower Chinese Growth Leaves Riskier Currencies Unappealing

Written by Jack Wiles on Tuesday, January 22, 2019. Currency News - Sterling / EUR

Pound News: Brexit ‘Plan B’ Fails to Inspire Pound Investors Following a surge in demand for the Pound last week, Brexit uncertainties weighed yesterday morning as the British currency continued to slip back from the highs seen last Friday. UK Prime Minister Theresa May announced her government’s ‘Plan B’ on Brexit yesterday afternoon. However, as…(read more)

GBP/AUD Volatility Possible as May Prepares Brexit ‘Plan B’

Written by Alastair Archbold on Monday, January 21, 2019. Currency News - Sterling / AUD

Last week’s high: $1.8097 Last week’s low: $1.7680   Australian Dollar Rises against Pound Wracked by Brexit Uncertainty The Pound Australian Dollar exchange rate fluctuated last week, in the face of heightened Brexit volatility and falling inflation data. The first half of the session was marked by a weakening of the Australian Dollar after poor…(read more)

GBP/CAD Exchange Rate Slips as Canadian Inflation Rises

Written by Alastair Archbold on Monday, January 21, 2019. Currency News - Sterling / CAD

Last week’s high: CA$1.7269 Last week’s low: CA$1.6876   Canadian Dollar Boosted by Impressive Inflation Last week saw the Canadian Dollar (CAD) jump against the Pound in the hours leading up to the Brexit vote in the UK Parliament on Tuesday. After Theresa May’s historic loss in Parliament, the Pound fought back, as markets believed…(read more)

GBP/EUR Exchange Rate Climbs despite Heightened Brexit Uncertainty

Written by Alastair Archbold on Monday, January 21, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1406 Last week’s low: €1.1152   Pound Buoyed by Brexit Delay Optimism The Pound Euro (GBP/EUR) exchange rate struck higher last week, despite the crushing defeat of Theresa May’s Brexit deal leading to greater uncertainty. This rise in Sterling that was largely attributed to expectations that a no-deal Brexit would not occur,…(read more)

Possibility that UK Parliament Could Vote on Second Referendum Keeps Sterling Buoyed

Written by Joe Mayhew on Friday, January 18, 2019. Currency News - Sterling / EUR

Pound News: Brexit Speculation Continues to Drive Sterling The Pound continued to gradually climb versus some major rivals, including the Euro and Australian Dollar, yesterday. This was due to market speculation regarding how the Brexit process will proceed going forward. Markets are increasingly taking for granted a delay to the formal Brexit leaving date, and…(read more)

Sterling Remains Appealing despite Brexit Deal Failure, Risk-Sentiment Weakens

Written by Michael Vaughan on Thursday, January 17, 2019. Currency News - Sterling / EUR

Pound News: Sterling Firms as Investors await Further Brexit Clarification The Pound put in a relatively sturdy performance yesterday, despite the UK government’s Brexit deal being defeated in Parliament. Investors bought the Pound amid rising expectations that the Brexit process will be formally delayed. Investors are also hopeful that UK MPs will work to avoid…(read more)

Pound Slumps then Jumps on UK Government’s Historic Brexit Deal Defeat

Written by Alastair Archbold on Wednesday, January 16, 2019. Currency News - Sterling / EUR

Pound News: Defeat of UK Government’s Brexit Deal Leaves GBP Erratic For most of yesterday’s session, investors steadied positions on the Pound ahead of the evening’s UK Parliament Brexit vote. Hopes that the Brexit process could be formally delayed did little to help the Pound remain appealing. The vote saw UK Prime Minister Theresa May’s…(read more)

Pound Edges Higher as Investors Anticipate Today’s Parliament Vote

Written by Tom Taylor on Tuesday, January 15, 2019. Currency News - Sterling / EUR

  Pound News: Hopes for Brexit Delay Help Sterling to Hold its Ground Despite market anxiety ahead of today’s highly-anticipated Parliament vote on Brexit, the Pound avoided losses against most major currency rivals yesterday. However, demand for the British currency wasn’t exactly strong either. Investors were encouraged by news that the EU was prepared to…(read more)

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