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News - page 3

Currency news and market updates with latest exchange rates, charts and rate changes in the major cross currency pairs for day, week and quarter periods.

 

NZD Outlook: Inflation Data to Set the Tone for the Coming Months

Tuesday’s second-quarter inflation data will set the tone for the New Zealand dollar for the rest of the summer, say banks. With inflation risks skewed to the downside, a lower kiwi is more likely than not.

Last update: 14 Jul, 2018

Rupee Has Best Day Since 2016 and More Strength Likely

Thursday’s gain of 56 paise over the dollar market the Indian rupee’s best one-day performance since November 2016. The rupee thrived after oil prices plunged on Wednesday.

Last update: 13 Jul, 2018

US Dollar Exchange Rates Rise as Fresh Tariffs Levelled against China

Pound Sterling: GBP Appreciates after Positive UK GDP Stats The Pound has largely been supported by residual GBP trader optimism today, appreciating against the Euro and other peers but dipping against the US Dollar. This movement has been caused by Tuesday’s UK GDP data, which proved supportive by showing tentative growth during May compared to […]

Posted: 11 Jul, 2018

Yuan and Australian Dollar Hit by Latest Round of US Tariffs

Traders offloaded Chinese yuan and Australian dollars on Wednesday after the US government said it would introduce 10 percent tariffs on a further $200 billion worth of Chinese goods.

Last update: 11 Jul, 2018

Pound Sterling Exchange Rates Rise on Optimism over UK Government Stability

Pound Sterling: GBP Bounces Back on Low Odds of Leadership Challenge The Pound has been volatile over the past 24 hours, initially declining against the Euro and US Dollar on Monday before staging a recovery today. These fluctuations were caused by the resignation of Brexit Secretary David Davis and Foreign Secretary Boris Johnson. Mr Johnson’s […]

Posted: 10 Jul, 2018

Pound Exchange Rates Rise as GBP Traders Anticipate ‘Soft Brexit’

The Pound has defied the odds today and appreciated against the Euro, the US Dollar and a number of other currency peers.

Last update: 9 Jul, 2018

USD/CAD to Trade at 1.35 on Interest Rate Surprise

The Canadian dollar will weaken to 1.35 to the US dollar should the Bank of Canada surprise investors on Wednesday by keeping interest rates on hold, says the latest research report from BNP Paribas.

Last update: 7 Jul, 2018

Swedish Krona On Course for Fourth Day of Gains

The Swedish krona is on course for a fourth consecutive day of gains as investors continue to respond with positivity to this week’s revised inflation forecasts.

Last update: 7 Jul, 2018

US Dollar Exchange Rates Decline as US-China Trade Tariffs Loom

Pound Sterling: GBP Trades Higher after BoE Governor’s Speech The Pound has held close to opening levels against the Euro today, but has elsewhere advanced against the US Dollar. The uptick is down to the latest comments from the Bank of England’s (BoE) governor Mark Carney, who has been speaking in Newcastle today. Mr Carney […]

Last update: 5 Jul, 2018

Pound Sterling News: GBP Exchange Rates Rise on Services Sector Growth

Pound Sterling: GBP Advances on Surprise Services PMI Growth The Pound has put in some gains today, rising against the Euro, US Dollar and Australian Dollar. This favourable performance follows the news that UK services sector activity in June rose by more than expected. Economists had forecast no change at 54 points, but the reading […]

Last update: 5 Jul, 2018

Transferwise changes Eurozone fee structure

In late June 2018, Transferwise introduced a new fee structure for Eurozone foreign transfers (from EUR) … and as always with Transferwise its complicated so we will break it down for you!

Last update: 16 Feb, 2019

Pound Exchange Rates Decline on Brexit Fears ahead of Key EU Summit

Pound Sterling: GBP Drops on Brexit Worries The Pound has shown signs of weakening today, falling against the Euro, the US Dollar and most other peers in the lull before a two-day meeting of EU leaders. The summit, taking place today and on Friday, will include Brexit as a topic and there are worries that […]

Last update: 29 Jun, 2018

FX Rates Mixed as BoE Warns about Risks in Brexit Withdrawal Process

Bank of England Cites Perceived Threats of Brexit Withdrawal Process – Pound (GBP) Exchange Rates Encumbered Sterling was trading on a poor footing against the majors on Wednesday morning, falling as investors responded to the Bank of England’s (BoE) latest financial stability report. According to the bank, progress has been made to prepare the UK’s […]

Last update: 2 Jul, 2018

Pound (GBP) Exchange Rates Mixed as Markets Digest BoE Haskel’s Comments

BoE’s Haskel Takes Mixed Policy Stance – Pound (GBP) Exchange Rates Fluctuate The Pound (GBP) has posted a mixed performance on Tuesday morning, rising as market anticipation for a Bank of England (BoE) rate rise rose to 70%, but falling later as Johnathan Haskel – Ian McCafferty’s soon-to-be replacement on the Monetary Policy Committee – […]

Last update: 27 Jun, 2018

Pound (GBP) Exchange Rates Fluctuate as Investors Prepare for EU Council Summit

Brexit Headlines in the Spotlight this Week for Pound (GBP) Exchange Rates The Pound (GBP) proved volatile on Monday, falling against the majors initially before rising into the afternoon. Lacking much in the form of salient UK data, investors were largely responding to changing macroeconomic factors relating to the US and Eurozone economies, with news […]

Last update: 29 Jun, 2018

Outlook for the Australian Dollar is one of volatility

Investor Anticipation for an August BoE Rate Rise Increases – Pound (GBP) Exchange Rates Rise Sterling (GBP) posted a mixed performance against the majors on Friday morning, steadying against the Euro and the Australian Dollar whilst rising against the ‘Greenback’ and the Canadian Dollar. Investors remained rather upbeat about the trajectory of the Pound, with […]

Last update: 27 Jun, 2018

Pound (GBP) Exchange Rates Bearish as Markets Prepare for BoE Rate Decision

Bank of England Rate Decision Looms – What can we expect for the Pound (GBP)? Sterling was trading on poor terms against the majors on Thursday morning, limited by investor caution ahead of the June Bank of England (BoE) rate decision. Analysts are almost entirely of the same mind that a rate hike will not […]

Posted: 21 Jun, 2018

Pound (GBP) Exchange Rates Bearish ahead of Brexit Withdrawal Bill Vote

Pound Sterling (GBP) Exchange Rates Struggle as MPs Vote on Brexit Withdrawal Bill Sterling (GBP) traded sideways against the majors on Wednesday morning, limited by market apprehension ahead of a key vote on the EU Withdrawal Bill. UK Prime Minister Theresa May faces a clash with Conservative rebels in parliament, with a substantial number seeking […]

Posted: 20 Jun, 2018

Pound (GBP) Exchange Rates Hit Seven-Month Low on Fresh Brexit Angst

Pound Sterling (GBP) Exchange Rates Tumble as UK PM Theresa May Faces Showdown from Rebel MPs The Pound (GBP) is encountering a great deal of pressure on Tuesday, falling to a new seven-month low against the US Dollar (USD) as investors digest a combination of political angst, worsening global trade relations and yesterday’s downbeat British […]

Posted: 19 Jun, 2018

Pound (GBP) Exchange Rates Stumble as BCC Downgrades UK Growth Forecasts

Brexit Uncertainty and Political Turmoil Hurt Pound (GBP) Exchange Rates Sterling stumbled against the majors on Monday morning, falling as investors responded to news that the British Chambers of Commerce (BCC) has downgraded its growth forecasts for the UK. According to the BCC, consumer spending, business investment and trade are all weakening, with Britain limited […]

Posted: 18 Jun, 2018

Double-Digit Fall for the Australian Dollar a Possibility, Says Money Manager

The Australian dollar may be in line for a double-digit fall into the “mid-60s” versus the US dollar before the summer of next year, says a senior money manager at Pendal Group.

Last update: 7 Jul, 2018

Pound (GBP) Exchange Rate Outlook Brightens ahead of Next Week’s BoE Rate Decision

What can we expect for Pound (GBP) Exchange Rates from Next Week’s Rate Decision? Sterling traded on relatively good form on Friday morning, siphoning demand away from the US Dollar thanks to fresh trade war concerns between the US and China and stealing attention from the Euro due to the dovish statements from European Central […]

Posted: 15 Jun, 2018

Dollar Soars and Euro Tanks as Central Banks Plot Different Paths

The euro plunged on Thursday and the US dollar had one of its best days in recent memory after two of the world’s most important central banks announced decisions on monetary policy. EUR/USD, now at 1.156, shed 2 percent, marking its biggest one-day decline since the summer of 2016. Offering contrasting messages were the US […]

Last update: 15 Jun, 2018

Pound (GBP) Exchange Rates Bolstered by Surging UK Retail Sales

UK Retail Sales Smash Expectations – Pound Sterling (GBP) Exchange Rates Capitalise Sterling traded sharply higher against the majors on Thursday morning, supported by news that UK retail sales experienced an impressive rise in May. According to the Office for National Statistics (ONS), retail sales (excluding auto fuel) surged by 4.4%, far ahead of the […]

Posted: 14 Jun, 2018

Pound Exchange Rate Losses Caused by Disappointing UK Inflation Data

Pound Sterling: GBP Declines on Unchanged UK Inflation Rates The Pound has fallen against the Euro, US Dollar and other currency peers today, following the news that UK inflation rates have remained unchanged in May. Economists had been predicting a faster pace of price growth because of higher fuel prices, but actual results have shown […]

Posted: 13 Jun, 2018

Rand at Six-Month Low but Predicted Higher by Year-End

The South African rand has so far been unable to escape the clutches of a broader emerging markets sell-off that shows no signs of letting up. The rand slid on Wednesday morning to six-month lows against eight of the FX G10 (the exceptions being the yen and Swiss franc) and has now suffered a double-digit […]

Last update: 13 Jun, 2018

Pound (GBP) Exchange Rates Climb despite Easing UK Wage Growth

UK Unemployment Remains at 43-Year Lows – Pound (GBP) Exchange Rates Climb Sterling was trading on solid form against the majors on Tuesday morning, unperturbed by weakening UK wage growth and bolstered by signs that unemployment continues to fall. According to the Office for National Statistics (ONS), basic pay growth rose by 2.8% in the […]

Posted: 12 Jun, 2018

New Zealand Dollar Heading to US$0.64

The New Zealand dollar will be worth only 64 US cents within the next twelve months, say economists at Westpac.

Last update: 7 Jul, 2018

Weak UK Factory Data Sends Pound (GBP) Exchange Rates Tumbling

Pound (GBP) Exchange Rates Stumble as UK Manufacturing Output Falls Sterling traded lower against the majors on Monday morning, falling as investors responded to a raft of disappointing data releases regarding trade and the UK’s industrial output. According to the Office for National Statistics (ONS), UK manufacturing production dropped by -1.4% in April year-on-year, down […]

Last update: 11 Jun, 2018

Danske Bank: Euro Upside Limited, No Return to the 1.20s Near Term

The euro’s 0.9 percent gain against the dollar last week to 1.1766 marked the end of a seven-week losing spell and offered hope to euro bulls; however, confidence in the single currency would be misplaced, say researchers at Danske Bank, who forecast “limited [euro] upside potential” between now and year-end. The euro remains down more […]

Last update: 11 Jun, 2018

Pound (GBP) Exchange Rates Climb ahead of G7 Summit

Pound Sterling (GBP) Exchange Rates Crawl Higher despite Brexit Uncertainties Sterling kicked off Friday on an optimistic note, rising against the majors as investors responded to news that the latest BoE/TNS consumer inflation expectations release was mostly positive. According to the Bank of England (BoE) survey, 51% of the public expects UK interest rates to […]

Posted: 8 Jun, 2018

Pound (GBP) Exchange Rates Inch Higher on Optimistic Reuters Brexit Poll

Sterling (GBP) Exchange Rates Anticipated to Recoup Brexit Losses The Pound (GBP) traded slightly higher against most of the majors on Thursday morning, bolstered by the results of a Reuters poll regarding Brexit. In the poll it was revealed that economists considered Sterling is likely to continue to gain and even recoup much of the […]

Posted: 7 Jun, 2018

Bitcoin Loses Its Sparkle and Mexican Peso at 15-Month Low

Bitcoin, it would seem, has lost its sparkle. CNBC are reporting that Google searches for “bitcoin” have fallen 75 percent since January – a statistic suggestive not only of a lack of interest in the world’s largest cryptocurrency, but also of a lack of new buyers. At $7,700, bitcoin is trading at a 55 percent […]

Last update: 7 Sep, 2018

Pound (GBP) Exchange Rates Broadly Weaker despite Upbeat UK Service Sector Activity

Quiet Data Day Leaves Pound (GBP) Exchange Rates Floundering Sterling traded broadly lower against the majors on Wednesday, with a quiet UK data calendar and ongoing concerns regarding the Brexit negotiation process weighing on demand for the currency. Yesterday, investors were pleased to see that UK service sector activity made a strong recovery in May […]

Posted: 6 Jun, 2018

Baht to Trade at 30 to the Dollar, Predicts Bank of Ayudhya

The Thai baht may trade at 30 to the dollar early next year, said one of Thailand’s largest banks on Wednesday. Tak Bunnag, head of global markets at the Bank of Ayudhya, predicts that the baht will appreciate to 31.25 per dollar by the end of this year, from levels a shade below 32 at […]

Last update: 6 Jun, 2018

UK Service Sector Activity rebounds – Pound Sterling (GBP) Exchange Rates Rally

Pound (GBP) Exchange Rates Climb on Upbeat UK Service Sector Activity Sterling traded higher against the majors on Tuesday morning, bolstered by news that the UK’s services sector made a solid recovery last month. Markit’s latest services PMI report printed higher at 54.0 in May, up from the previous score of 52.8 and the market […]

Last update: 7 Jun, 2018

Pound Sterling (GBP) Exchange Rates Flounder despite Above-Forecast UK Construction Activity

UK Construction Holds Steady in May – Pound (GBP) Exchange Rates still Under Pressure Sterling (GBP) stumbled against the majors on Monday, supported by a better-than-expected UK construction print but encumbered by falling business investment due to political uncertainty. IHS Markit’s latest construction PMI survey printed at 52.5 in May, consistent with the previous period […]

Posted: 4 Jun, 2018

Will It Be a Sweet or Sour June for the US Dollar?

June has, for the past decade, been a month in which the US dollar comes unstuck. Per the Dollar Index (DXY), the dollar has lost value in eight of the past ten Junes, and in one of the two profitable years, holders of dollars would have had to suffer a 3 percent intra-month drawdown to […]

Last update: 13 Jun, 2018

Indian Rupee Ends the Week with a Bang

On Friday, the Indian rupee had one of its best days in recent years, with gains of 49 paise and 72 paise against the dollar (₹66.91) and euro (₹78.13) respectively. The rupee was supported after data showed India’s economy growing faster than any other in the world, including China. For USD/INR, now at a one-month […]

Last update: 13 Jun, 2018

UK Manufacturing Beats Expectations – Pound (GBP) Exchange Rates Inch Higher

UK Manufacturing Activity Accelerates in May – Pound Sterling (GBP) Exchange Rates Climb The Pound posted a minor recovery on Friday, supported by news that the UK’s manufacturing sector posted a slightly stronger (if debatable) performance in May. IHS Markit’s latest manufacturing PMI reading printed up at 54.4, beating the previous period’s score of 53.9 […]

Posted: 1 Jun, 2018

Trump Slaps Tariffs on Allies but Calm Prevails Ahead of US Jobs Data

The big news for investors on Thursday was Washington’s confirmation that steel and aluminium products reaching the US from Europe, Canada and Mexico – all important allies – would be subject to trade tariffs. Foreign leaders raged against the decision and announced plans for immediate retaliation. On Tuesday, Washington had already announced tariffs on $50 […]

Last update: 6 Jun, 2018

Pound (GBP) Exchange Rates Bolstered by Rising Consumer Credit

UK Consumer Credit Recovers in April – Pound Sterling (GBP) Exchange Rates Supported Sterling clawed back some of its losses against the majors on Thursday morning, supported by a surprising rise in UK net consumer credit in April. According to the Bank of England (BoE) consumer credit lending jumped by a whopping £1.832bn last month, […]

Posted: 31 May, 2018

Canadian Dollar Jumps on Hawkish BoC; USD/CAD to Reach 1.18, Says Goldman Sachs

The Canadian dollar jumped on Wednesday following a surprisingly hawkish statement from the Bank of Canada. USD/CAD, which had been trading at levels above 1.3, fell sharply in the two hours following the BoC’s monthly meeting to 1.2835, at which it still trades at the time of this report (17:00 Singapore, GMT +8). The Canadian […]

Last update: 13 Jun, 2018

Pound (GBP) Bears Dominate as Investors Prepare for Influx of Big Data

Pound (GBP) Exchange Rates Stumble on Brexit Uncertainty for June Sterling (GBP) continued to struggle on Wednesday morning, remaining weak against many of the majors due to ongoing Brexit uncertainty, particularly with negotiations approaching the crucial end-of-June European summit. Beyond these concerns, investors are also trying to navigate a storm of important data releases from […]

Posted: 30 May, 2018

Pound (GBP) Exchange Rates Fluctuate – Big Data Week Ahead

Sterling (GBP) Trades Bearishly Ahead of this Week’s Big Data Run The Pound (GBP) posted a mixed performance against the majors on Tuesday morning, climbing against a weakened Euro (EUR), but falling against the US Dollar (USD) as investors prepared for this week’s run of important ecostats. For the UK, this week will include the […]

Posted: 29 May, 2018

The Week Ahead for EUR, USD and JPY

Of the world’s major currencies, the euro has been among the hardest hit in recent weeks. A sixth consecutive week of losses has seen EUR/USD fall into the mid-1.16s, to a six-month low; EUR/JPY to the mid-127s, to an eleven-month low; and the past fortnight’s fall in EUR/CHF from levels near 1.20 to 1.155 represents […]

Last update: 28 May, 2018

UK GDP Confirmed Sluggish – Pound (GBP) Exchange Rates Slide

Pound (GBP) Exchange Rates Stumble as UK Q1 Growth Proves Weak Sterling tumbled out of the gate this Friday morning, struggling to find purchase as investors responded to confirmation that Q1 GDP growth had almost stalled. The Office for National Statistics’ (ONS) second-estimate Q1 GDP reading was confirmed at 1.2% year-on-year, which the ONS labelled […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Recover as UK Retail Sales Smash Expectations

Upbeat Retail Sales Report Sends Pound Sterling (GBP) Exchange Rates Higher The Pound (GBP) rallied on Thursday morning, supported by a surprising rise in UK retail sales. According to the Office for National Statistics (ONS), retail sales grew by 1.4% on an annualised basis in April, smashing the market forecast of a 0.1% print. The […]

Last update: 28 May, 2018

Easing UK Inflation Proves Headache for Pound Sterling (GBP) Exchange Rates

Pound (GBP) Exchange Rates Down as UK Inflation Misses its Mark The Pound (GBP) stumbled against the majors on Wednesday morning, encumbered by a below-forecast fall in UK consumer price inflation. According to the Office for National Statistics (ONS), inflation in the UK fell from 2.5% to 2.4% year-on-year, marking a fresh one-year low and […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Post Minor Recovery on Hawkish BoE Remarks

Sterling (GBP) Climbs as BoE Vlieghe Reveals Hawkish Forecast The Pound (GBP) did an unenthusiastic bounce on Tuesday morning, recovering slightly from Monday’s fall, which saw Sterling hit a new low for 2018 against the US Dollar (USD). This was largely due to hawkish comments from Bank of England (BoE) Policymaker Gertjan Vliege, who predicted […]

Last update: 28 May, 2018

Daily Update: Pound (GBP) Exchange Rates Experience Turbulence – UK Inflation in the Spotlight

Brexit Negotiations Continue to Limit Pound (GBP) Exchange Rates Sterling (GBP) exchange rates remained bearish on Monday, limited by dragging concerns regarding the Brexit negotiation process and a rather sparse data calendar. Whilst the Pound has proven increasingly resilient to Brexit-related soundbites in recent months, last week’s back-and-forth on Britain’s position inside (or out) of […]

Last update: 28 May, 2018

Pound Exchange Rates Decline Today despite Brexit ‘Backstop’ Agreement

Pound Sterling: Continued Brexit Fears Cause GBP Losses The Pound has made minor losses against the Euro and the US Dollar today, even though a Brexit safety net has recently been created. This has been the agreement on a so-called ‘backstop’, which will ensure that there will be no hard border between Ireland and Northern […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Stumble amid talk of Extended Stay in Customs Union

UK Liable to Stay in Customs Union Beyond 2021 – Pound (GBP) Exchange Rates Fluctuate Sterling traded poorly on Thursday morning, limited by the latest back-and-forth controversy regarding Britain’s exit from the EU. The Telegraph reported that UK Prime Minister Theresa May is preparing for Britain to remain in the customs union beyond 2021, with […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Struggle to Capitalise on Robust Labour Market Performance

UK Unemployment Holds at 42-Year Low – Sterling (GBP) Struggles to Find Support The Pound traded flatly on Tuesday, although a robust run of UK labour market figures did brighten the outlook somewhat. According to the Office for National Statics (ONS), unemployment in the UK dropped by a sizable 46,000 in March – holding the […]

Last update: 28 May, 2018

Pound Exchange Rates Steady before Key UK Wage Data is Released

Pound Sterling: GBP Traders Tense as Slower UK Wage Growth Forecast The Pound has risen against most of its peers today, including the US Dollar, Australian Dollar and New Zealand Dollar. By contrast, the Pound to Euro exchange rate has been static. Today’s UK data has been unsupportive, showing a sharp drop in footfall in […]

Last update: 28 May, 2018

Ruble and Rand Best Performers During Busy Week for Emerging Market FX

It was a busy week for financial markets; one in which central banks disappointed, entire countries were in crisis, new leaders were elected, commodities thrived and Trump reimposed sanctions on Iran. With that said, emerging market currencies were erratic last week, and generally lost value, none more so than the Argentine peso which fell on […]

Last update: 2 Jun, 2018

Pound Sterling Exchange Rates Stay Soft after Disappointing BoE Interest Rate Freeze

Pound Sterling: GBP Static on Mixed Interest Rate Hike Forecasts The Pound fell sharply against the Euro and the US Dollar on Thursday, but has since levelled out and held close to opening levels today. Yesterday and today’s Pound influencers have been the Bank of England (BoE) interest rate decision, in which BoE policymakers left […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Stumble ahead of BoE Rate Decision

UK Manufacturing Disappoints – Pound (GBP) Exchange Rates Fall Pound (GBP) exchange rates stumbled ahead of the Bank of England (BoE) rate decision on Thursday, falling as markets responded to disappointing industrial production and trade balance readings for the bloc. According to the Office for National Statistics (ONS), industrial production held at 0.1% month-on-month in […]

Last update: 28 May, 2018

New Zealand Dollar Slumps on RBNZ; Ringgit Does the Same on Shock Election Result

The New Zealand dollar and Malaysian ringgit dominated the headlines during Thursday’s Asian session; both for disappointing reasons. Holders of New Zealand dollars had to watch their currency drop more than a percent against the US dollar in the hours following the meeting of the Reserve Bank of New Zealand, to just 69.1 cents – […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Mixed as Markets Prepare for ‘Super Thursday’

Quiet Data Day Leaves Pound (GBP) Exchange Rates Trading Bearishly Sterling was trading within a narrow band against the majors on Wednesday morning, with today’s quiet data calendar leaving markets with nothing to do but prepare for tomorrow’s highly-anticipated Bank of England (BoE) rate decision and the accompanying raft of data. Just a month ago […]

Last update: 28 May, 2018

Australian Dollar Now Worth Less Than Singapore Dollar

The Australian dollar has been among the hardest hit of major currencies in recent months. Heavy losses since January have been widely reported in the financial press, with most commentaries focusing on the Aussie’s 8.6 percent decline against the

Last update: 23 Feb, 2019

Pound Sterling Update: GBP Exchange Rates Fall ahead of Potential BoE Interest Rate Freeze

Pound Sterling: GBP Sinks as Interest Rate Hike Hopes Fade The Pound has seen a minimal decline against the Euro today, while suffering larger losses against the US Dollar. This deterioration has been caused by trader uncertainty about the next Bank of England (BoE) interest rate decision, which will take place on Thursday. BoE policymakers […]

Last update: 28 May, 2018

There’s a Crisis in Argentina: Central Bank Moves to Prop Up Peso with 40% Interest Rate

Spare a thought for the Argentine peso. The ill-fated currency of South America’s second largest economy lost 6 percent of its value last week, taking its twelve-month loss to 30 percent. Now at 21.82 per US dollar, the peso is worth less than at any point since Argentina’s fixed exchange rate system was abandoned in […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates DOWN as UK Services Sector Misses its Mark

UK Services PMI Misses its Mark – Pound (GBP) Exchange Rates Encumbered Sterling posted a mixed performance against the majors on Thursday morning, rising against the US Dollar (USD) but paring recent gains against the others due to a below-forecast UK services sector rebound. IHS Markit’s latest services PMI increased to 52.8 in April, up […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Post Small Recovery on Upbeat UK Construction Print

UK Construction Rebounds – Pound Sterling (GBP) Exchange Rates see Minor Climb Sterling clawed back some of its recent losses on Wednesday, supported by news that the UK’s construction sector rebounded in April. Markit’s latest purchasing managers’ index (PMI) result printed up at 52.5, beating the forecast of 50.5 and the March reading of 47. […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Down as UK Manufacturing Disappoints

UK Manufacturing Misses its Mark – Pound (GBP) Exchange Rates Tumble Sterling fell against the majors on Tuesday as markets reacted to a below-forecast UK manufacturing print and what it could mean for the imminent Bank of England (BoE) rate decision. Markit’s latest manufacturing PMI for the UK printed at 53.9 in April, down from […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Bearish after Last Week’s GDP Shocker

Sterling (GBP) Exchange Rates Weak on Sub-Par Economic Growth The Pound’s (GBP) fall against the majors steadied on Monday, but a lack of fresh data left the market focus on last week’s disappointing economic growth results and the possible ramifications it might have on next week’s Bank of England (BoE) rate decision. Investors are concerned […]

Last update: 28 May, 2018

Higher Yields Support Dollar’s Best Week Since Trump Elected

It was a disappointing end to the week for the US dollar but enough was achieved between Monday and Thursday for it to record its best week since bubbling over in the aftermath of Donald Trump’s election in November 2016. Investors piled into dollars as yields rose amid a massive increase in the supply of […]

Last update: 28 May, 2018

Pound (GPB) Exchange Rates Tumble as UK GDP Hits 5-Year Low

UK Economic Growth Sees Sharp Decline in Q1 2018 – Pound (GBP) Exchange Rates Take a Hit Sterling shed most of its recent gains on Friday, falling in response to news that the UK’s economy grew at its slowest rate in almost 5 years. According to the Office for National Statistics (ONS), the UK’s quarterly […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Slide ahead of ECB Rate Decision

Looming ECB Rate Decision Keeps Sterling (GBP) Cautious The Pound (GBP) pared some of its recent gains on Thursday morning, falling slightly as markets tread cautiously ahead of the European Central Bank’s (ECB) looming rate decision and the accompanying speech from ECB President Mario Draghi. On the data front, British banks approved 10% fewer mortgages […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Bearish on Quiet Data Day

Sterling Trades Bearishly, Brexit Negotiations in the Headlines The Pound (GBP) is trading cautiously against the majors as markets wait out today’s sparse data calendar and prepare for tomorrow’s highly significant European Central Bank (ECB) rate decision. Yesterday’s better-than-expected government borrowing figures continued to give Sterling some support, however, as did rate hike hopes for […]

Last update: 28 May, 2018

UK Public Sector Borrowing Hits Lowest Level since 2007 – Pound (GBP) Exchange Rates Supported

Sterling (GBP) Exchange Rates Climb on Upbeat UK Borrowing Figures Pound (GBP) exchange rates continued to climb on Tuesday morning, supported by news that the UK’s public sector net borrowing reading fell to its lowest level in 11 years. According to the Office for National Statistics (ONS), borrowing dropped by £3.5bn to £42.6bn for the […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates up on Hawkish BoE Forecast

Report Estimates BoE Will Raise Interest Rates Twice this Year – Pound (GBP) Exchange Rates Climb Sterling climbed against the majors on Monday morning, bolstered by a hawkish prognostication from the forecasting body EY Item Club. According to said body, the Bank of England (BoE) could raise interest rates twice this year and twice again […]

Last update: 28 May, 2018

Swiss Franc Slides to Symbolic 1.2 Per Euro Level, Cheered On by SNB

Thursday and Friday saw the Swiss franc slide through the symbolic 1.2 per euro level at which the Swiss National Bank capped the franc’s value prior to “Francogeddon” in January 2015. The franc has weakened steadily since it traded at 0.965 per euro in the aftermath of the SNB’s abrupt abolition of the currency cap, […]

Last update: 28 May, 2018

Pound Sterling Update: GBP Advances as BoE’s Saunders Backs UK Interest Rate Hike

Pound Sterling (GBP) The Pound has been volatile today, initially declining against the Euro and US Dollar before making a brief recovery against the EU single currency. The Bank of England (BoE) is responsible for both these movements; in the former case, BoE Governor Mark Carney devalued the Pound by revealing a cautious economic outlook. […]

Last update: 28 May, 2018

Beast from the East Mauls UK Retail Sales as Pound Slides

Pound (GBP) Exchange Rates Slip as Beast from the East Frightens Shoppers Away Sterling traded slightly lower on Thursday morning on news that March retail sales in the UK suffered their worst quarter in a year. According to the Office for National Statistics (ONS) retail sales in the UK fell from a score of 1.5% […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Tumble as UK Inflation Hits One-Year Low

UK Consumer Price Inflation Eases – Pound (GBP) Exchange Rates See Marked Fall Sterling encountered some turbulence on Wednesday, dropping as markets reacted to a substantial fall in the UK’s consumer price inflation rate. According to the Office for National Statistics (ONS), inflation in the UK slipped from 2.7% to 2.5% in March (year-on-year), below […]

Last update: 28 May, 2018

UK Unemployment Hits 42-Year Low – Pound (GBP) Exchange Rates Fail to Capitalise

Pound (GBP) Exchange Rates Slide on Below-Forecast Wage Growth Sterling slipped slightly on Tuesday morning, floundering as markets reacted to a below-forecast wage growth print. According to the Office for National Statistics (ONS), average weekly earnings were up 2.8% in the three months to February, falling short of the market forecast of 3.0%. This is, […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates UP as UK House Prices Edge Higher in April

April UK House Price Rise Gives Hope for Post-Brexit Economy – GBP Exchange Rates Trade Higher Sterling traded higher against the majors on Monday, supported by news that UK house prices edged past record numbers in April, and on general optimism about this week’s significant labour market and inflation statistics. Asking prices for newly-listed properties […]

Last update: 28 May, 2018

Commodities to Battle Air Strikes and Trade War for Influence on Australian Dollar

The Australian dollar, together with other risk currencies, will likely start next week under pressure following the launch on Saturday morning of air strikes on Syrian weapons research and storage targets by the US, UK and France. The strikes come after a chemical weapons attack in Douma one week ago, which killed an estimated 75 […]

Last update: 28 May, 2018

Bitcoin Has Bumper Week as Big Players Prepare to Enter the Market

Bitcoin put up its best showing since February last week, as it rose 17 percent to $8,200. The largest cryptocurrency by market capitalization is down 60 percent from December’s highs but remains one of the hottest topics for investment amateurs and professionals alike. One reason for bitcoin’s current strength is, according to analysts, the entrance […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Extend Climb on Strong April Seasonality

Sterling (GBP) Breaks Key Resistance, Capitalises on Strong April Support Sterling extended its lead against the majors on Friday morning, breaking the key resistance area of 1.15 against the Euro (EUR) and hitting a ten-month high. This upward move has been evident since early March, with optimism about there being a May rate hike from […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Slip after BoE Credit Conditions Survey

Pound (GBP) Exchange Rates Struggle as BoE Broadbent Refuses to Provide Monetary Policy Clues Sterling exchange rates stumbled on Thursday morning, limited by yesterday’s rather poor production readings and the latest below-forecast NIESR estimate for Q1 2018. In other news Bank of England (BoE) Policymaker Ben Broadbent neglected to discuss monetary policy at his latest […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Supported as UK Trade Deficit Narrows

UK Trade Deficit Surprises Markets by Shrinking – Pound (GBP) Exchange Rates Climb Sterling was trading on good form against the majors on Wednesday, supported by a notable drop in the UK’s trade deficit and remaining largely unperturbed by some disappointing production readings. According to the Office for National Statistics (ONS), the UK’s trade deficit […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Climb as Hawkish BoE Official Calls for Rate Hike

May BoE Rate Hike Hopes Propel Pound (GBP) Exchange Rates Hawkish Bank of England (BoE) Policymaker Ian McCafferty has pushed once again for a rate hike from the central bank, insisting that accelerating UK wage growth and the current strength of the global economy emphasised the need for higher interest rates. McCafferty also noted that […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Crawl Higher as Markets Respond to US-China Trade Concerns

Sterling (GBP) Exchange Rates Climb on Quiet Data Day The Pound (GBP) hit the ground running this morning, climbing against the majors as markets favoured it over the currently struggling US Dollar (USD) due to ongoing anxieties over China-US trade negotiations. The overall outlook for Sterling this week is largely positive, despite last week’s disappointing […]

Last update: 28 May, 2018

EUR/SEK at 8-Year High as Krona Struggles with Dovish Riksbank, Trade War

Scandinavia’s most important exchange rate, EUR/SEK, continues to make new ground for this decade. The rate climbed last week to its highest since 2009, at 10.35, reflecting a grim outlook for the Swedish krona – one in which it wrestles with a dovish central bank and the threat of an international trade war. The krona, […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Slip as UK Services Sector Disappoints

Storms Wreak Havoc on UK Services – Pound (GBP) Exchange Rates Struggle Sterling was trading rather poorly against the majors on Thursday morning, limited by a disappointing performance in the UK’s services sector. IHS Markit’s services sector purchasing managers’ index (PMI) surprised markets by printing at 51.7 for the March period, down from the previous […]

Last update: 28 May, 2018

Pound Exchange Rates Worsen after UK Construction Sector Contracts

Pound Sterling (GBP) The Pound has struggled in trading today, having fallen against the Euro and traded in a narrow range against the US Dollar. The morning’s construction PMI reading has been worse than expected, showing a slowdown in March to the point of contraction. This result follows Tuesday’s manufacturing PMI reading for the same […]

Last update: 28 May, 2018

Yuan at Strongest Since 2015, Suggestive of Chinese Bid to Avert a Trade War

In both onshore and offshore markets, the Chinese yuan climbed in the past week to its highest level against the dollar since the summer of 2015, and in doing so, posted its largest quarterly gain in a decade – a gain of 3.7%. Now worth 6.27 per dollar, the yuan’s rise is the result of […]

Last update: 28 May, 2018

Approaching Brexit Deadline sees Pound Exchange Rates Decline

Pound Sterling (GBP) The Pound was trading poorly against the Euro and US Dollar today, exactly one year before the UK is set to enter the Brexit transitional period. There are still widespread concerns that the UK government will not be able to finalise Brexit negotiations and arrangements before the late autumn deadline this year. […]

Last update: 28 May, 2018

Markets Prepare for Potential Solution to Irish Border Issue – Pound (GBP) Exchange Rates Climb

GBP Exchange Rates Seasonally Strong in April – Irish Border Solution Expected Soon The Pound (GBP) traded slightly higher against the majors on Wednesday morning, supported by anticipation for the traditional seasonal strength that April provides for the Pound but also by reports that Irish officials have been told to expect new proposals on how […]

Last update: 28 May, 2018

Irish Border Impasse Leaves Pound (GBP) Exchange Rates Stumbling

Sterling (GBP) Exchange Rate Rally Runs its Course – Markets Remain Concerned About Brexit Impasse Sterling’s (GBP) rally appeared to have run out of steam on Tuesday morning, falling against the majors on a quiet data day. Economists are currently concerned that the Pound’s trajectory will shift sideways in the coming weeks, with the recent […]

Last update: 28 May, 2018

Pound Exchange Rates Rise as Global Trade War Fears Unsettle Markets

Pound Sterling (GBP) The Pound has made minor gains against the Euro today, in addition to seeing a 0.4% advance against the US Dollar. This appreciation comes mainly from growing uncertainty in the rest of the world, which has raised demand for the comparatively stable UK currency. The latest UK data has been broadly negative, […]

Last update: 28 May, 2018

Turkish Lira at All-Time Low on Economic, Political Woes

The Turkish lira’s perpetual decline continues. Friday’s print in the dollar-lira exchange rate of 4.034 marked yet another all-time low in the lira’s value and 2018 is now the sixth calendar year out of the past seven, and the ninth year from the past thirteen, that a record low has been penciled in. The lira […]

Last update: 28 May, 2018

HKMA to Defend Hong Kong Dollar After Slide to Extreme of Currency Peg

Six consecutive weeks of losses for the Hong Kong dollar make it near-inevitable that the Hong Kong Monetary Authority will have to defend the currency’s peg at some point in the upcoming week. The Hong Kong dollar, which has been restricted since 2005 to exchange rates between 7.75 and 7.85 per US dollar, weakened on […]

Last update: 28 May, 2018

Traders Take Profit on Sterling – GBP Exchange Rates Slip despite Brexit Negotiation Progress

EU Leaders Approve Brexit Transition Deal – Pound (GBP) Exchange Rates Steady Sterling shifted slightly lower against the majors on Friday as traders took profits on its latest rallies. Given, however, recent news that EU leaders have finally approved the UK’s Brexit transition guidelines, the Pound’s fall will likely be short-lived. The text was agreed […]

Last update: 28 May, 2018

Daily Update: Pound (GBP) Exchange Rates Extend Lead ahead of Bank of England Rate Decision

Thereza May f'leas

Bank of England Rate Decision in the Spotlight: What can we Expect for the Pound (GBP)? Sterling was trading higher against the majors on Thursday morning as markets prepared for the looming Bank of England (BoE) rate decision. Whilst markets are not expecting a rate hike this month, news that UK wage growth has accelerated […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates SURGE as UK Jobs Market Tightens

UK Wage Growth Accelerates, Unemployment Hits Record Low – Pound (GBP) Exchange Rates Soar Sterling was trading higher against the majors on Wednesday, supported by a run of extremely upbeat UK labour market figures. According to the Office for National Statistics (ONS) wage growth in the UK rose to 2.8% (including bonuses) in January, beating […]

Last update: 28 May, 2018

Pound Exchange Rates Extend Lead as UK Consumer Price Inflation Eases

UK Cost of Living Squeeze Eases – Pound (GBP) Exchange Rates Steadies Sterling extended its lead against the majors on Tuesday morning, unperturbed by news that the UK’s consumer price inflation eased by more than expected in February, and bolstered by optimism on the UK reaching agreement on a Brexit transition deal. According to the […]

Last update: 28 May, 2018

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