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Currency News

US Dollar Returns to Stronger Form on Steady Inflation Data

Written by Alastair Archbold on Tuesday, January 30, 2018. Currency News - Sterling / USD

Pound News: Brexit Jitters Leave Sterling on Back Foot Brexit returned to the forefront of investors’ minds on Monday, with the Conservative government showing fresh signs of division on the matter. Tory backlash over Chancellor Philip Hammond’s apparent push for a softer form of Brexit added to the sense of political worry, leaving the Pound…(read more)

Euro Forecast to Reverse Gains if German or Eurozone Inflation Disappoint

Written by David Worthington on Monday, January 29, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1502 Last week’s low: €1.1316 Euro Exchange Rates Leap after ECB Prove Optimistic on Inflation Outlook The Euro surged higher across the board in the wake of Thursday’s European Central Bank (ECB) policy decision, even though there was no policy change at this stage. Comments from ECB President Mario Draghi proved particularly…(read more)

GBP/NZD Rate Turbulence Possible on UK Confidence Data

Written by Joe Mayhew on Monday, January 29, 2018. Currency News - Sterling / NZD

Last week’s high: NZ$1.9447 Last week’s low: NZ$1.9012   Pound Bolstered by Average Earnings Growth The Pound rose against the New Zealand Dollar over the previous week, thanks to increasing optimism following positive UK data. The main indicator driving this optimism was an unexpected rise in average earnings in November. This raised hopes that the…(read more)

GBP/CAD Bolstered by Upbeat UK Data

Written by Alastair Archbold on Monday, January 29, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.6625 Last week’s low: C$1.6381 CAD Slides as Retail Sales, Inflation Slides The GBP/USD exchange rate was able to push higher last week on the back of some upbeat economic data from the UK, with the Pound seeing particularly strong gains on Wednesday on the back of the latest employment figures. Sterling…(read more)

GBP/AUD Investors Anticipate Australian Inflation Report

Written by James Baxter on Monday, January 29, 2018. Currency News - Sterling / AUD

Last week’s high: AU$1.7709 Last week’s low: AU$1.7313 Pound Ends Higher Against Australian Dollar on Strong UK Data While the Australian Dollar saw some support last week, and market risk-sentiment was decent, the Pound to Australian Dollar sustained notable gains of almost two cents last week, due mostly to Pound strength. Sterling was supported throughout…(read more)

Euro Dominant as ECB Proves Optimistic on Inflation

Written by James Spurway on Friday, January 26, 2018. Currency News - Sterling / EUR

Pound News: Poor Sales Data Fails to Dent Sterling A weaker-than-expected CBI reported sales figure was not enough to knock the Pound (GBP) off its stronger footing yesterday. While this suggests that consumers have continued to rein in their spending as a result of the ongoing wage squeeze, investors remain confident about the prospect of…(read more)

Trade War Fears See US Dollar Exchange Rates Retreat

Written by David Bayliss on Thursday, January 25, 2018. Currency News - Sterling / EUR

Pound News: Surprise Wage Uptick Boosts GBP In an unexpected development UK weekly earnings excluding bonuses showed a modest acceleration to 2.4% in the three months to November. This encouraged the Pound (GBP) to surge higher across the board on Wednesday, despite the fact that wage growth is still a long way from catching up…(read more)

New Zealand Dollar Advances on Robust Service Sector Growth

Written by Jack Wiles on Wednesday, January 24, 2018. Currency News - Sterling / EUR

Pound News: Improved UK Deficit Not Enough to Boost Sterling Although UK public sector net borrowing showed a much smaller uptick on the month than forecast the Pound (GBP) struggled to capitalise on this positive showing. Even with the UK budget deficit bettering expectations in December GBP exchange rates remained in a bearish mood, thanks…(read more)

Government Shutdown Pressures US Dollar

Written by Jimi Boake on Tuesday, January 23, 2018. Currency News - Sterling / EUR

Pound News: GBP Jumps amid EUR Weakness, USD Sell-Off The Pound (GBP) strengthened against the majors yesterday benefitting from the dip in the US Dollar (USD). The Euro (EUR) also benefitted initially from the USD selloff however afternoon trading saw it sold off, leaving Sterling as the big winner on Monday. Looking ahead the Pound…(read more)

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