Pound Soars amid Decline in UK Coronavirus Cases, US Dollar Plummets on Dovish Fed Policy Statement

Pound

The Pound enjoyed strong support this week, as a result of a sustained decline in domestic coronavirus cases, as well as some positive Brexit headlines.   At the same time, the US Dollar faced some notable headwinds, in response to a dovish policy statement from the Federal Reserve as well as an underwhelming US GDP release.  … Read more Pound Soars amid Decline in UK Coronavirus Cases, US Dollar Plummets on Dovish Fed Policy Statement

Weekly Update: Euro Knocked by Record Slump in GDP, US Dollar Hit by Sharp Sell-Off

The Euro faced some pressure this week, with a record slump in Eurozone GDP taking some of the recent shine off the single currency. However, the US Dollar struggled even more this week, with trade characterised by a persistent USD sell-off, not helped by a plunge in US growth in the second quarter.   Pound … Read more Weekly Update: Euro Knocked by Record Slump in GDP, US Dollar Hit by Sharp Sell-Off

Weekly Update: Euro Storms to 18-Month High as EU Reaches Accord on Recovery Fund, Market Optimism Batters the US Dollar

The Euro was the leading performer this week, with the single currency soaring higher as EU leaders reached an agreement on the EU’s coronavirus recovery fund. At the same time, optimism over the fund and hopes for a coronavirus vaccine sent the US Dollar tumbling.   Pound Sterling Undermined by Brexit Jitters GBP/EUR – Unchanged … Read more Weekly Update: Euro Storms to 18-Month High as EU Reaches Accord on Recovery Fund, Market Optimism Batters the US Dollar

Barnier’s Fresh Brexit Comments Boost Pound, Risk-Sentiment Remains Low

Pound News: Pound Bullish on Signs of Brexit Progress Most of the Pound’s gains last week came about as a result of comments from EU Chief Negotiator Michel Barnier, regarding progress in UK-EU negotiations. Barnier gave the Pound yet another boost on Monday, as he said it would be ‘realistic’ to expect that a UK-EU deal could be reached within the … Read more Barnier’s Fresh Brexit Comments Boost Pound, Risk-Sentiment Remains Low

AUD Update – GBP/AUD rises over the last 24 hours.

James Baxter Senior Currency Broker T: 01442 892 062 GBP/AUD has risen around one percent over the last 24 hours after the publication of slightly lower than expected inflation numbers from Australia this morning. There are no further data releases to note from either country today so we may be in for a quiet day … Read more AUD Update – GBP/AUD rises over the last 24 hours.

AUD Currency Update: Dollar makes gains against counterparts

James Baxter Senior Currency Broker T: 01442 892 062 GBP/AUD exchange rate graph The Aussie dollar made gains on a number of its counterparts yesterday evening after better than anticipated Consumer Price Index readings. The expected figure, 0.4% was beaten by a 0.7% read and saw the Aussie dollar move from 1.60 to lows of … Read more AUD Currency Update: Dollar makes gains against counterparts

GBP/AUD Drops Further After Positive GDP Figures

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Drops to 1.93 The Australian dollar has strengthened further against the struggling pound after Australian GDP figures for the fourth quarter beat expectations. The graph below shows GBP/AUD movement over the past 24 hours. GBP/AUD exchange rate graph GDP figures published by the … Read more GBP/AUD Drops Further After Positive GDP Figures

GBP/AUD Choppy over Referendum Fears

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Trading at 1.95 The GBP/AUD has been pretty volatile this week as concerns over the outcome of the EU referendum, and choppy trade for the commodities currencies, has pulled GBP/AUD around like a currency tug o’war. The graph below shows GBP/AUD movement over … Read more GBP/AUD Choppy over Referendum Fears

GBP/AUD Falls to 9-Month Low

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Drops to 1.95 Monday saw the pound drop to its lowest level in 9 months against the Australian dollar, suffering its worst daily loss in 6 years. The GBP/AUD had been trading comfortably above $2 for most of last year but has recently … Read more GBP/AUD Falls to 9-Month Low

GBP/AUD Falls as Stock Markets Rally

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Drops as AUD Strengthens The Australian dollar has strengthened over the last few days as the global stock market rally has improved risk appetite, with investors moving away from traditional safe-havens and into higher yielding currencies; the Aussie dollar being one of them. … Read more GBP/AUD Falls as Stock Markets Rally