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BER Currency News articles keep you up-to-date on events from around the world that affect the currency markets. The focus is on the news and trends for major currency pairs and the latest market predictions to ensure BER users are always in the know.

Pound Rallies on Hints of Progress in Brexit Talks

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
badge-686324_640 Sterling GBP/USD 1 Week Chart After a pretty arduous session for the Pound (GBP) last week the UK currency finally managed to find some respite on Friday following an EU summit to discuss the current state of Brexit negotiations. While EU leaders stated that progress was still currently insufficient for the second stage of talks to begin, they suggested that the recent reports of a ‘deadlock’ may have been exaggerated and that trade talks could start in December if progress continues.

Yen at Weakest Since July Following Abe’s Decisive Win and Strength in EUR/GBP Predicted

shinzo-abe-2 Shinzo Abe’s Liberal Democratic Party was the decisive winner in this weekend’s Japanese election, paving the way for a continuation of “Abenomics” and extremely loose monetary policy in the world’s third largest economy. Consequently, the Japanese yen weakened on Monday to levels above 114 per dollar for the first time since July.

Canadian Dollar Falls Hard After Grim Sales Data Dents Rate Hike Expectations

canadian-flag-Canadian-dollar-news-best-exchange-rates The Canadian dollar weakened on Friday by the most in nine months against the US dollar after indicators of inflation and consumer activity in Canada fell below market expectations. The “loonie” fell as investors adjusted their portfolios to reflect a lower probability of the Bank of Canada raising interest rates at its October 25th meeting.

US Dollar Strengthens on Trump Tax Reform Hopes

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
trump Sterling GBP/USD 1 Week Chart The Pound (GBP) slipped even further against the majority of its peers yesterday as the UK’s latest retail figures revealed that sales had slumped more than expected in September. The large decline in sales also caused the odds of a November rate hike from the Bank of England (BoE) to slip further as well, pilling even more pressure on Sterling as the day went on.

New Zealand Dollar Continues to Fall; Now Worth Less Than USD 0.7

New Zealand Dollar (NZD) Tumbles Following Jacinda Ardern's Election Victory Holders of New Zealand dollars are still suffering on Friday as the currency continues to fall following last night’s news that New Zealand will be led by a Labour government, with Jacinda Ardern at the helm. In the twenty-four-hour period leading up to 4pm in Wellington, the New Zealand dollar weakened nearly 2.25% against the US dollar, falling below the psychological support level of 0.7 in the process.

New Zealand Dollar Nosedives as New Government is Formed

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
nzd-hero Sterling GBP/USD 1 Week Chart The Pound (GBP) tumbled against the majority of its peers yesterday as the UK’s latest employment data failed to impress markets. Investors were mostly concerned over the UK’s average earnings data, with revealed that wage growth continues to lag well behind inflation, causing workers to be hit by yet another fall in real pay.

Yen Unmoved by Exports and NZD Slumps Ahead of Decision on New Zealand’s Future Government

korean-won For Asia-Pac currencies, Thursday’s session was dominated by political nervousness in New Zealand and a busy economic calendar. In terms of data, Japan kicked things off a little before 9am in Tokyo with the country’s latest trade figures. Export growth of 14.1% in the year to September matched market expectations, more or less.

Pound Plummets Following Dovish Carney Comments

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
gbp-hero Sterling GBP/USD 1 Week Chart The Pound (GBP) slumped against the other majors on Tuesday as comments by Bank of England (BoE) Governor Mark Carney sowed doubts over the bank’s possible plans to raise interest rates next month. Sterling was also weakened by the release of the UK’s latest CPI figures yesterday as another uptick in inflation caused concerns that the gap between inflation and wage growth is widening yet again.
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