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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... View article >
“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... View article >
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 Read on for the latest 1-week and 3-month... View article >
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... View article >
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... View article >
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... View article >
Euro was friday even against the United States Dollar, up 0.62% against the British Pound Sterling, even against the Swiss Franc, down -0.33% against the Australian Dollar, up 0.15% against the Canadian Dollar and even against the Indian Rupee. EUR 7 Day Cross-Rate Charts Read on for the latest 1-week and 3-month EUR cross rate... View article >
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