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Currency Market News and Analysis

Pound Subdued by BoE’s Credit Warning

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD

Sterling

GBP/USD 1 Week Chart
After a fairly strong start to the week the Pound (GBP) slipped from its best levels yesterday morning following the Bank of England’s (BoE) latest financial stability report. In its report the BoE warned that high levels of consumer credit posed a ‘pocket of risk’ to the UK economy and urged banks to set aside an additional £10bn to help protect against a potential downturn in the economy which would cause many consumers to default on their debts. View article >

HSBC Admit Mistake on Euro-Sterling Forecast; No Longer Sees Parity

“We were wrong,” said HSBC’s head of strategy David Bloom as he cancelled the bank’s forecast for the euro to reach parity with sterling this year. For much of 2017, HSBC analysts have been among the gloomiest on sterling with their predictions for continued declines in the currency against both the euro and dollar. Bloom had previously cited “political, structural and cyclical pressures” as reasons to be bearish GBP. View article >

Canadian Dollar – Mon Sep 25: CAD Up vs EUR, MXN & INR and Down vs USD, GBP & PHP.

Categories: CAD, Markets, New York Close
Canadian Dollar starts the week down -0.25% against the United States Dollar, up 0.26% against the Euro, up 0.6% against the Mexican Peso, up 0.25% against the Indian Rupee, even against the Australian Dollar, down -0.1% against the British Pound Sterling and down -0.23% against the Philippine Peso.
CAD 7 Day Cross-Rate Charts
CAD 7 Day Cross-Rate Charts
Read on for the latest 1-week and 3-month CAD cross rate fluctuations, charts and trends. View article >

Euro – Mon Sep 25: EUR Down vs USD, GBP, CHF, AUD & CAD.

Categories: EUR, Markets, New York Close
Euro starts the week down -0.51% against the United States Dollar, down -0.38% against the British Pound Sterling, down -0.97% against the Swiss Franc, down -0.27% against the Australian Dollar, down -0.27% against the Canadian Dollar and even against the Indian Rupee.
EUR 7 Day Cross-Rate Charts
EUR 7 Day Cross-Rate Charts
Read on for the latest 1-week and 3-month EUR cross rate fluctuations, charts and trends. View article >

United States Dollar – Mon Sep 25: USD Up vs EUR, CAD, AUD, GBP, MXN & INR and Down vs JPY.

Categories: Markets, New York Close, USD
United States Dollar starts the week up 0.51% against the Euro, up 0.25% against the Canadian Dollar, up 0.25% against the Australian Dollar, up 0.15% against the British Pound Sterling, up 0.85% against the Mexican Peso, down -0.45% against the Japanese Yen, up 0.5% against the Indian Rupee and even against the Philippine Peso.
USD 7 Day Cross-Rate Charts
USD 7 Day Cross-Rate Charts
Read on for the latest 1-week and 3-month USD cross rate fluctuations, charts and trends. View article >

British Pound Sterling – Mon Sep 25: GBP Up vs EUR, CAD, AUD & NZD and Down vs USD.

Categories: GBP, Markets, New York Close
British Pound Sterling starts the week up 0.37% against the Euro, down -0.15% against the United States Dollar, up 0.1% against the Canadian Dollar, up 0.11% against the Australian Dollar and up 0.35% against the New Zealand Dollar.
GBP 7 Day Cross-Rate Charts
GBP 7 Day Cross-Rate Charts
Read on for the latest 1-week and 3-month GBP cross rate fluctuations, charts and trends.

British Pound Sterling vs Euro

GBP/EUR 3 Month Chart
British Pound Sterling starts the week up against the Euro with the GBP/EUR at 1.1369, a rise of 0.37% and also up for the last 7 days with a rise of 0.11%. View article >

Australian Dollar – Tue Sep 26: AUD Up vs EUR, NZD & CNY and Down vs USD, GBP & JPY.

Categories: AUD, Markets, New York Close
Australian Dollar starts the week down -0.25% against the United States Dollar, down -0.1% against the British Pound Sterling, up 0.27% against the Euro, up 0.24% against the New Zealand Dollar, up 0.23% against the Chinese Yuan, down -0.7% against the Japanese Yen and even against the Singapore Dollar.
AUD 7 Day Cross-Rate Charts
AUD 7 Day Cross-Rate Charts
Read on for the latest 1-week and 3-month AUD cross rate fluctuations, charts and trends. View article >

Euro Weakened as Merkel Majority Shrinks in German Election

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD

Sterling

GBP/USD 1 Week Chart
After plummeting at the end of last week’s session following Theresa May’s latest speech on Brexit, the Pound (GBP) began to claw its way higher again this morning as global political uncertainty drove investors back to GBP. Meanwhile Investors are also likely to be focused on the Bank of England’s consumer credit report later this morning, with the bank possibly warning of the risks of rising credit amongst UK consumers. View article >

Political Uncertainty Weighs on New Zealand Dollar and Euro in Aftermath of Elections

General elections in New Zealand and Germany have produced uncertain or surprising outcomes and political parties in both countries must now spend the coming days and weeks striking cross-party deals in the hope of forming coalition governments. In New Zealand, the incumbent National Party, led by Bill English, won 58 seats, putting it just shy of a majority in the 120-seat House of Representatives. View article >

Moody’s Downgrade the UK and Elections Begin in New Zealand, Germany

US ratings agency Moody’s has downgraded the UK’s credit rating from Aa1 to Aa2 over concerns for the future of the UK’s public finances. The ratings outlook is now “stable”, from “negative”. Moody’s stripped the UK of its AAA rating back in 2013. “The outlook for the UK’s public finances has weakened significantly since the negative outlook on the Aa1 rating was assigned, with the government’s fiscal consolidation plans increasingly in question and the debt burden expected to continue to rise,” Moody’s said in a statement on Friday. View article >
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