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GBP

British Pound Sterling Daily Market Updates with latest GBP exchange rates, charts and rate changes in the major GBP cross currency pairs for day, week and quarter periods. This allows you to take advantage of any market moves as well as the low margins from our online currency and foreign payment partners to ensure you get the best possible exchange rates deals.

 

New Year Optimism Retreats on US/Iran Tension

The threat of a proxy war between the US and Iran in Iraq has pared back some of the recent gains of “risk-on” currencies.

Last update: 8 Jan, 2020

AUD/GBP Between a Rock and a Hard Place – USD Strength

AUD/GBP versus AUD/USD and GBP/USD

Both the Australian dollar and British pound sterling have had a hard time of late caught between the rock of the China/US trade war and the Brexit hard place.

Last update: 7 Jan, 2020

Australia Cuts Interest Rates to Record Low

RBA Australian dollar AUD currency news and forecasts

The RBA has cut Australian interest rates to a record low of 1 percent in an effort to boost inflation. The Australian dollar is slightly stronger following the widely expected decision but is expected to lose 5–7 percent of its value before year-end.

Last update: 7 Jan, 2020

GBP’s Bright Start to the Year Is a Distant Memory

The British pound was the worst-performing major currency in the April-June period and remains “impossible to forecast” amid a Tory leadership battle that might force “no deal” or a general election.

Last update: 30 Jun, 2019

Australians Swerve Thai Holidays with Exchange Rates in the Gutter

With AUD-THB at a 10-year low, Australians travelling this year to Thailand’s wildly popular resorts are facing holiday costs 50 percent higher than those paid in 2012. With exchange rates as they are, those in Oz are choosing better-value destinations.

Last update: 23 Jun, 2019

Canadian Dollar in the Spotlight After Surging to 16-Week High

Lifted by oil, economic data and the Fed, the Canadian dollar has soared against the US dollar to a 16-week high and has reached even more impressive milestones against the pound, euro and Australian dollar.

Last update: 20 Jun, 2019

Banks Charge Small Customers 25 Times More for FX, Research Shows

New research from the European Central Bank shows that banks charge smaller customers up to 25 times more for FX forward transactions and that those who fail to compare providers pay 14 times more for FX than those that do.

Last update: 17 Jun, 2019

Booming Commodities Can’t Save Australian Dollar

The Australian dollar is at or near multi-month lows against a number of major currencies in spite of a rampant iron ore market — once a great influence on AUD.

Last update: 15 Jun, 2019

Sterling Nears 5-Month Low Versus Euro

The UK economy is shrinking, as is the pound, which is buying less than 1.12 euros for the first time since mid-January. Investors are becoming increasingly unsettled over Brexit, particularly with Boris Johnson a hot favourite to become the UK’s next prime minister.

Last update: 11 Jun, 2019

US Dollar at 10-Week Low After Payrolls Disappoint; Fed Rate Cuts Now a Certainty

Investors dumped the US dollar on Friday after US jobs data came in well short of estimates and cemented expectations for lower US interest rates. In the coming months, the greenback might maintain its value based on safe haven inflows and looser monetary policies in other parts of the world.

Last update: 7 Jun, 2019

Australia Cuts Interest Rates for the First Time in 3 Years

The Australian dollar remains stable in the high US$0.69s following the RBA’s decision on Tuesday to cut Australian interest rates to a record low of 1.25 percent.

Last update: 4 Jun, 2019

ANZ Slashes Aussie Dollar Forecast to 65¢

ANZ has slashed its Q4 2019 forecast for the Australian dollar to $0.65, from $0.70, citing the “enduring” nature of the US-China trade war as its reason to be bearish.

Posted: 1 Jun, 2019

Pound Could Be 10 Percent Higher at Year-End as No-Deal Brexit Risks Overblown

GBP Pound Sterling Brexit Deal on Financial Services

A “no deal” Brexit remains highly unlikely according to experts at Goldman Sachs and ING, and as such the pound is grossly undervalued and could rise strongly from current levels.

Last update: 31 May, 2019

SGD, MYR at 6-Month Lows After Singapore, Malaysia Added to U.S. Currency Watchlist

The currencies of Malaysia and Singapore were trading at 6-month lows against the dollar on Wednesday following news that the US had added the Southeast Asian nations to its watchlist of suspected currency manipulators.

Last update: 29 May, 2019

Westpac Cuts Australian Dollar Forecasts, Expects Interest Rates to Halve This Year

The struggling Australian dollar will lose a further 5 percent of its value against the US dollar and pound before the year is out, and 3 percent against the euro and New Zealand dollar, Westpac predicted on Friday.

Last update: 25 May, 2019

Expensive Holidays for Brits After Pound Slips for Record 13th Day; What Next?

The British pound fell on Wednesday for a record thirteenth consecutive day against the euro. The currency is taking a Brexit-induced beating days before May’s half-term school break — a popular time in the UK for family holidays.

Last update: 25 May, 2019

Aussie Dollar Might Reach 10-Year Low of 65¢ After Decline Accelerates

The Australian dollar is now worth only 68.6¢ after another week of heavy losses, and now one senior analyst has predicted exchange rates in the “mid-60s” this year – rates not seen since 2009.

Posted: 18 May, 2019

Sterling in Trouble: Eighth Day of Losses Takes GBP to 3-Month Low

The British pound fell on Wednesday towards a 3-month low against the euro and US dollar as attention turned back to Brexit and after lower-than-expected wage growth lessened prospects for a Bank of England rate hike.

Last update: 15 May, 2019

Australian Dollar at 4-Month Low After China Announces Tariff Retaliation

The US-China trade war is hotting up and that’s bad news for the Australian dollar, which slipped on Monday to a 4-month low against the dollar, euro and yen.

Last update: 13 May, 2019

Canadian Dollar Shockingly Undervalued, Analysts Say

The Canadian dollar might be worth considerably more towards the end of this year based on research by Scotiabank analysts who describe the currency as being “egregiously” undervalued.

Last update: 13 May, 2019

Australian Dollar Leaps as RBA Stands Firm on Interest Rates

RBA Australian dollar AUD currency news and forecasts

The RBA left interest rates on hold at 1.5 percent on Tuesday, spurring big gains for the Australian dollar, which had slipped beforehand to long-term lows against several major currencies. Roughly half of economists had expected rates to be cut by 25 basis points.

Last update: 7 May, 2019

OFX Global Currency Account – BER Review

OFX Global Currency Account – Independent BER Review OFX Global Currency Account: A Summary OFX has a 30-year history and is one of the largest foreign exchange specialists in the world. It offers a “Global Currency Account” that allows online sellers to hold, send and receive funds in GBP, EUR, USD, AUD, CAD and HKD. […]

Last update: 1 Jul, 2019

AUD/INR: A Perfect Storm for a Higher Exchange Rate

Seasonal weakness, election uncertainty, strong technical support and oil market complications should be more than sufficient to spur an AUD/INR rally into mid-year.

Last update: 10 May, 2019

British Pound in Great Form with Brexit Troubles Fading

Constructive Brexit talks between UK politicians have imparted a sense of renewed optimism that has lifted the British pound to a 2-week high against the dollar and to a 3-week high against the euro.

Last update: 3 May, 2019

Australian Dollar Holds Firm at US70¢ Despite “Indisputable” Case for Rate Cut

The case for an interest rate cut by the Reserve Bank of Australia will be “indisputable” by August, Westpac said on Monday, but despite economic pessimism, the Australian dollar refuses to weaken below US70¢.

Last update: 29 Apr, 2019

Dollar Turbocharged by Economic Data; At Long-Term High Versus Euro, Franc and Krona

A turbocharged US dollar is likely to be “stronger for longer” after reaching long-term highs against a host of major currencies, including the euro, Swiss franc and Swedish krona.

Last update: 25 Apr, 2019

Swiss Franc Slumps to 6-Month Low Versus Euro

The Swiss franc continued its shocking run of form on Tuesday, slipping against the euro to its weakest level in 6 months.

Last update: 23 Apr, 2019

8 Percent Drop Coming Soon for Australian Dollar; RBA “Wants a Weaker Currency”

HSBC has reaffirmed its US66¢ year-end forecast for the Australian dollar, thereby signalling an upcoming 8 percent slide in the world’s fifth most traded currency.

Last update: 22 Apr, 2019

SGD/MYR at 17-Month High; Ringgit Slumps on FTSE Index Deselection

What is arguably Southeast Asia’s most important exchange rate, Singapore dollar-Malaysian ringgit, leapt on Thursday to its highest level since November 2017, driven by FTSE Russell’s decision to reconsider Malaysia’s inclusion in an important bond index.

Last update: 18 Apr, 2019

Commodities Boom Will Take Australian Dollar to US$0.74

The Australian dollar is forecast to climb to US$0.74 in the coming months, supported by a commodities boom that has seen the price of Australia’s largest export, iron ore, climb to a 5-year high.

Last update: 15 Apr, 2019

Brexit This Year Now a Toss-Up, Bookmakers Say; What Next for Pound?

GBP Pound Sterling Brexit Deal on Financial Services

With the chance of a 2019 Brexit now reduced to 50 percent, the pound’s value is likely to remain capped for the time being, most likely near US$1.34, experts say. On the downside, US$1.24 is likely should the latest Article 50 extension be used to hold a UK general election.

Last update: 7 Jun, 2019

Euro to Sink to US$1.08, Says ANZ

The euro hasn’t traded as low as US$1.08 since the early portion of 2017, but that’s where we’re heading within the next 3 months, analysts at ANZ believe.

Last update: 7 Apr, 2019

AUD/NZD at 10-Week High and “Likely to Run Higher From Here”

The Australian dollar-New Zealand dollar exchange rate rose on Friday to a 10-week high as traders continue to make bets on monetary policy divergence between the RBA and RBNZ. Even higher rates are expected by teams at TD Securities and Societe Generale.

Last update: 5 Apr, 2019

Bitcoin More Popular Than Visa, MasterCard for Large Payments; Recent Price Surge Only the Beginning (DataLight)

Research has highlighted the popularity of bitcoin for large payments, including those across borders. By transaction volume, bitcoin has nearly caught up with Mastercard and may in future overtake the market leader, Visa. In the markets, bitcoin’s sudden surge earlier this week is yet to be explained.

Last update: 4 Apr, 2019

Get Ready for Sterling’s “Big Finish”; Australian Dollar at 2-Week Low

GBP British pound sterling currency news and forecasts Brexit

Goldman Sachs is backing British MPs to soon find a way through the current political deadlock, after which a “big finish” is expected by the British pound. Meanwhile, pessimism surrounds the Australian and New Zealand dollars, both of which have fallen to multi-week lows.

Last update: 2 Apr, 2019

Banks Bet Against Aussie, Kiwi Dollar

For much of this year, banks have been betting on further Australian dollar deprecation, but after last week’s RBNZ shocker, they have also given a thumbs down to the New Zealand dollar.

Last update: 30 Mar, 2019

Shocking Loss for New Zealand Dollar After RBNZ Says a Rate Cut Most Likely

The New Zealand dollar plummeted on Wednesday after the RBNZ said its next move on interest rates was likely to be a cut.

Last update: 27 Mar, 2019

Benign Brexit Outcome Most Likely; Pound to Strengthen, Says Bank of America

British Pound Currency News and Forecast

Developments this week make a “benign Brexit outcome” the most probable and offer reason enough to be favouring British pound appreciation for the foreseeable future, analysts at Bank of America Merrill Lynch have said.

Last update: 26 Mar, 2019

Australian Dollar: Last Week’s Price Action Suggests Further Declines

Given what should have been obvious advantages, the Australian dollar’s inability to gain against the US dollar last week is an ominous sign that suggests further Aussie depreciation in the near term.

Last update: 26 Mar, 2019

US Dollar Plunges After Fed Signals No Rate Hikes This Year

The US dollar crumbled on Wednesday after the Federal Reserve signaled it would keep interest rates unchanged throughout 2019, thereby backtracking on the two rate hikes it predicted in December.

Last update: 20 Mar, 2019

TransferWise Borderless Account – BER Review

TransferWise’s Borderless Account allows users to hold and convert funds in 40 different currencies and send and spend internationally, all at the “real” exchange rate and with exceptionally low service fees. Users can also receive major-currency payments free of charge.

Last update: 16 May, 2019

CBOE Ditches Bitcoin Futures Amid Reduced Interest

Amid declining interest, the Chicago Board Options Exchange, or CBOE, has announced it will no longer offer bitcoin futures contracts once current contracts expire in June.

Last update: 19 Mar, 2019

Australian Dollar Still Struggling; AUD/GBP at Lowest Since 2016

A slight advance in AUD/USD this week to $0.705 is hardly cause for celebration; however, the stability this represents following 3 weeks of losses would normally signify reduced currency pessimism—in this case, it doesn’t even do that.

Last update: 19 Mar, 2019

Pound Falls From 21-Month High After Doubts Cast on May’s “Legally Binding” Assurances

GBP British Pound Sterling Exchange Rate Forecast Brexit

The pound fell rapidly away from long-term highs on Tuesday morning after Britain’s Attorney General said that the “legally binding” assurances secured on Monday night by Theresa May merely “reduced the risk” of the UK being trapped in a permanent backstop.

Last update: 19 Mar, 2019

Australian Dollar, Euro Get Lift from “Too Bad to Be True” US Data

US jobs growth of only 20,000 in February, versus expected growth of 180,000, has allowed rest-of-the-world currencies to claw back ground against the US dollar which, until Friday, had been on a stellar run.

Last update: 9 Mar, 2019

Canadian Dollar Still Friendless After GDP; Fair Value Much Lower

canadian-flag-Canadian-dollar-news-best-exchange-rates

After a friendless Friday, the Canadian dollar has continued to lose value at the start of the new week. Now worth C$1.332 per USD, the loonie is at a 12-day low, but it has far further to fall if CIBC’s fair value estimation of C$1.4 is anything to go by.

Last update: 4 Mar, 2019

JP Morgan: Aussie Dollar to Face Hard Times If No Let-Up in Housing Decline

Investors should expect the Australian dollar to face “global scrutiny” and “material downward pressure” should conditions in Australia’s housing market continue to deteriorate, JP Morgan’s head of FX has said.

Last update: 2 Mar, 2019

Sterling Leaps to 21-Month High on Prospects of Brexit Delay, Second Referendum

The British pound has hit a 21-month high against the euro following increased speculation of a delayed Brexit and after Britain’s opposition party leader said he would now back a second referendum on EU membership.

Last update: 26 Feb, 2019

Pound at 2-Week High Ahead of May-Juncker Brexit Meeting

The British pound was in high demand on Tuesday ahead of an important meeting between British PM Theresa May and EU officials, at which investors are hoping for a Brexit breakthrough.

Last update: 23 Feb, 2019

Euro to Strike 20-Month Low This Week; $1.12 Beckons

Those intending to pick up euros this week should consider heeding warnings offered by MUFG. The bank expects the euro to move towards cheaper levels in the coming days and it would therefore be unwise to pay rates offered on Monday.

Posted: 18 Feb, 2019

Dollar Optimism Drives Markets

Against a basket of currencies, the US dollar struck an 8-week high on Tuesday after US lawmakers reached an agreement on border security funding and as hopes build for a breakthrough in US-China trade talks.

Posted: 12 Feb, 2019

Cryptocurrencies Soar: Litecoin Gains 30 Percent

Cryptocurrencies exploded on Friday for reasons not fully understood by analysts. Litecoin was among the day’s stars, gaining 30 percent. Brokers, though, remain skeptical about the rally’s sustainability.

Last update: 12 Feb, 2019

Tough Week for Australian Dollar as RBA Disappoints on Growth, Interest Rates

Australian dollar AUD price chart news and forecast

Further losses on Friday cemented the Australian dollar’s status as the week’s worst performing major currency. Depreciation has been driven by Australia’s central bank, which has slashed forecasts for 2019/20 economic growth and signaled it could lower interest rates.

Last update: 8 Feb, 2019

Pound Rejects Lower Prices After Bank of England Slashes Growth Forecast

The pound rejected sub-US$1.29 levels on Thursday even after the Bank of England slashed growth forecasts, indicating underlying strength. Analysts say that the pound will rally to buy US$1.40 should Theresa May secure the EU concessions needed to pass her Brexit withdrawal agreement.

Last update: 8 Feb, 2019

Australian Dollar in the Headlines This Week; Latest RBA Forecasts Due

RBA Australian dollar AUD currency news and forecasts

With a number of Australian data releases, RBA statements and forecasts on the economic calendar, the Australian dollar is likely to be in the headlines this week, for good or bad.

Last update: 3 Feb, 2019

Pound Reverses from 3-Month High After MPs Reject a Delayed Brexit

GBP British pound sterling currency news and forecasts Brexit

The pound is back trading in the US$1.30s after British MPs rejected a proposal to delay the UK’s exit from the European Union, which analysts say increases the likelihood of “no deal.”

Last update: 30 Jan, 2019

AUD Steady Ahead of Inflation, FOMC and Trade Talks

The Australian dollar was little changed on Tuesday despite what should be AUD-supportive remarks from an RBA board member. The Aussie remains subdued ahead of important inflation data, a Fed meeting and a second round of trade talks between the US and China.

Last update: 29 Jan, 2019

Investors Ditch US Dollar Ahead of Fed Meeting; GBP/USD at 15-Week High

US Dollar Currency News and Forecast Federal Reserve

The US dollar recorded its largest one-day fall in nearly 3 months on Friday as the attention of traders turned back towards an increasingly cautious Federal Reserve.

Last update: 26 Jan, 2019

Researchers Make Sweeping Cuts to Australian Dollar Forecasts

Within recent days, a host of experts have cut forecasts for the Australian dollar, indicating a new wave of pessimism on what is already the past year’s worst-performing major currency.

Last update: 7 Jun, 2019

Euro Struggles on Increased Recession Risk; Rand Outlook Worsens After Central Bank Changes Tune on Interest Rates

The euro is under siege following disappointing data and news this week that Germany barely escaped a recession in 2018. The ECB will now wait longer before raising interest rates, analysts say; however, EUR/USD will still end the year higher. In South Africa, a prediction by the country’s central bank that interest rates will be raised only once before 2021 put an end to the rand’s great start to the year.

Last update: 19 Jan, 2019

Pound Fights Back on Hopes for Soft Brexit; Thai Baht at Long-Term Highs

Despite a crushing defeat for Prime Minister May’s Brexit deal on Tuesday night and a motion of no confidence tabled against the British government—which the government survived on Wednesday—the pound is close to multi-week highs. In emerging markets, the Thai baht remains an outperformer.

Last update: 17 Jan, 2019

Sterling at 7-Week High Ahead of Important Brexit Vote

GBP British Pound Sterling Exchange Rate Forecast Brexit

Ahead of Tuesday’s “meaningful vote” on the Brexit withdrawal agreement, the British pound has strengthened to a 7-week high against the dollar—evidence that investors are increasingly optimistic that a soft Brexit can be achieved.

Last update: 17 Jan, 2019

Euro Fails in Breakout Attempt, Has Mixed Outlook in 2019

Late last week, EUR/USD failed to hold gains above $1.15, disappointing traders who had hoped for a big breakout. For 2019, experts still believe in higher EUR/USD rates, although the euro will likely lose value relative to the pound on any soft-Brexit options. In the short term, too, it may be in trouble.

Last update: 12 Jan, 2019

Australian Dollar, Canadian Dollar to Outperform; Yuan at 5-Month High

The Australian dollar has rallied strongly following last Thursday’s “flash crash” and, like the Canadian dollar, is expected to outperform its peers in the near term. Investors remain willing to take on risk but the US dollar remains soft. In Asia, the yuan is expected to weaken beyond ¥7 within the next 6 months.

Last update: 11 Jan, 2019

USD Nears Peak; Oil Rebound to Send CAD Higher, INR to Record Low

For the US dollar, analysts are predicting significant weakness in 2019. In contrast, the Canadian dollar will likely strengthen amid an energy market rebound, but under the same conditions the Indian rupee will slide to a record low. Cryptocurrencies, meanwhile, are trading higher but fail to inspire confidence.

Last update: 7 Jan, 2019

Pound to Rebound Higher in 2019, Says SEB; No-Deal Brexit Unlikely

2019 will be a good one for the British pound, thinks a foreign exchange analyst at SEB. Recent depreciation is overdone, the analyst says, and will be corrected once markets begin to price in the improbability of a no-deal Brexit. Investors should expect a GBP/EUR rally into the mid-€1.17s or higher.

Last update: 3 Jan, 2019

US Dollar Posts Worst Day in 7 Weeks After Fed Cuts Interest Rate Forecasts

US Dollar Exchange Rate News and Forecasts Currency USD

The US dollar was sold heavily on Thursday in the aftermath of midweek announcements by the Federal Reserve. Though the Fed raised US interest rates by 25 basis points, as widely expected, it lowered its expectations for rate hikes in 2019, to the disappointment of dollar investors.

Last update: 20 Dec, 2018

Australian Dollar Lacks Inspiration Following RBA Minutes, Looks Cheap Versus CAD, JPY

The Australian dollar continues to stagnate in the aftermath of Monday’s RBA meeting minutes and ahead of this week’s meeting of the US Federal Reserve. Barring surprises, the Aussie is likely to remain well supported against the British pound, Canadian dollar and Japanese yen.

Last update: 18 Dec, 2018

US Dollar Strikes 18-Month High, Will Lose Value in 2019

Against a basket of currencies, the US dollar climbed on Friday to an 18-month high as investors sought safer assets in the aftermath of disappointing economic and political developments in Europe and China. Given a growing consensus for dollar weakness in 2019, now might mark an opportune moment for exchanging dollars into foreign currency.

Last update: 14 Dec, 2018

AUD/USD Forecast at $0.75 in 3 Months’ Time; Potential for Extreme AUD/GBP Moves on Wednesday

Australian Dollar News and Forecasts

The Australian dollar has offered broad stability in recent days—a welcome change from last week’s sharp decline. The Aussie will likely trade higher over the coming months, Goldman Sachs has said, although anything goes for AUD/GBP on Wednesday as a vote of no confidence in the British Prime Minister takes place.

Last update: 12 Dec, 2018

Pound at 20-Month Low After PM Cancels Big Brexit Vote; UK Prepares for No-Deal

The British pound was hammered on Monday following news that a House of Commons vote on the proposed EU withdrawal agreement has been cancelled. Against the US dollar, sterling fell to its lowest level since April 2017.

Last update: 10 Dec, 2018

Big Bank Rolls the Dice on British Pound, Is a Buyer Ahead of Crucial Brexit Vote

Credit Agricole is seemingly rolling the dice on the British pound ahead of a hugely important vote in the House of Commons on Tuesday—a vote that will likely shape the nature of Brexit. Via the options market, the French bank is betting on an increase in the pound’s value.

Last update: 22 Dec, 2018

Pound to Lose 25 Percent on Disorderly Brexit, Bank of England Warns

The British pound weakened against all major currencies on Thursday, a day after the Bank of England offered a stark warning on Brexit. Under a “no deal” outcome, sterling will lose between 15 and 25 percent of its value, the Bank said.

Last update: 29 Nov, 2018

Revolut App & Card – Best Exchange Rates Review

We review Revolut, a digital bank that allows users to receive, send and spend money at the interbank exchange rate.

Last update: 19 Jul, 2019

Australian Dollar and Euro Heading Higher, Experts Say

Weakness in the Australian dollar since Friday is to be short-lived, experts at National Australia Bank have said. A rally in AUD/USD to 0.74 is on the cards, as are politically-driven moves in EUR/GBP and EUR/CHF towards 0.92 and 1.2.

Last update: 20 Nov, 2018

Australian Dollar Threatens $0.73; Pound Plunges as Brexit Secretary Resigns

Australian dollar, British pound news and forecast Brexit Dominic Raab

The Australian dollar is benefitting from disarray in Europe and upbeat employment data. The day’s biggest news comes from Europe, though, where the British pound suffered one of its largest intraday declines in recent years following the resignation of the UK’s chief Brexit negotiator.

Last update: 15 Nov, 2018

AUD, NZD Lead the Pack; No Imminent Recovery for CAD (SocGen)

The Australian and New Zealand dollar currencies were way out in front this week on the list of top performing FX majors. The Canadian dollar, meanwhile, continues to suffer from what is now a technical bear market in crude oil. Sterling is again under Brexit-related pressure amid reports of potential UK ministerial resignations.

Last update: 9 Nov, 2018

Hard to Bet Against USD Despite Midterms and Rough Start to November

U.S. Dollar News, Forecast

FX markets lacked volatility on Tuesday ahead of US midterm elections, the results of which will begin to trickle in after 7pm EST. November typically represents the best month of the year for USD and recent losses arguably offer a grab-it-now opportunity to get the currency at improved exchange rates.

Last update: 6 Nov, 2018

GBP, AUD, NZD Jump as UK-EU Reach Deal on Financial Services

GBP Pound Sterling Brexit Deal on Financial Services

The mood was buoyant in foreign exchange markets on Thursday following news that the UK has achieved a deal with the EU on financial services that would give London’s banks continued access to European markets post-Brexit. Together with the pound, currencies that benefit from the switch to “risk on,” like the Australian dollar and New […]

Last update: 1 Nov, 2018

Dollar Strikes 16-Month High; Euro FX Down in the Dumps; Mexican Peso Falls Sharply

Developments outside the US allowed for the dollar to appreciate against a basket of currencies to a sixteen-month high on Wednesday. The ICE-maintained US dollar Index, which provides a weighted-mean measure of the greenback’s value against the euro, British pound, Swiss franc, Canadian dollar, Japanese yen and Swedish krona, traded above 97.0 for the second […]

Last update: 31 Oct, 2018

Canadian Dollar Gets Interest Rate Boost; Rand Dips on Budget Disappointment

The Canadian dollar received a significant boost on Wednesday after the Bank of Canada said it would “need to raise [interest rates] to a neutral stance to achieve the inflation target.” As widely expected, the BoC also hiked its benchmark rate by 25 basis points to 1.75 percent. The Canadian dollar strengthened by nearly a […]

Last update: 24 Oct, 2018

Manufacturing Weakness Creates Further Uncertainty for Sterling

The British pound showed resilience on Tuesday in the face of data showing the fastest decline in UK manufacturing orders in three years. Pound uncertainty prevails, however, and a vote of no confidence in British P.M. Theresa May draws closer.

Last update: 23 Oct, 2018

Focus Turns to Europe Ahead of Big Brexit Meeting; Stay Long Euros; Krona Revived

All eyes on Wednesday will be on the meeting between EU leaders and British Prime Minister Theresa May in Brussels, at which some still hope a Brexit deal might be struck. Expect volatility in sterling and euro rates throughout the evening. Meanwhile, the Swedish krona continues to outperform in Europe on expectations for tighter Riksbank policy.

Last update: 23 Oct, 2018

Australian Dollar Steady Despite Risk Aversion, Sterling to Get Wild and Bitcoin Makes Its Move

This week’s flight from risky assets, evident from massive losses in equities, has yet to affect the risk-sensitive Australian dollar. The yen is firmer though, bitcoin has finally broken lower and options traders are paying up for protection against future sterling volatility.

Last update: 12 Oct, 2018

EUR/GBP at 3-Month Low; EUR/USD Much Higher Next Year

The Brexit-driven EUR/GBP exchange rate opened on Monday at a 3 ½-month low as investors continue to bet on the UK and EU striking a deal. Against the dollar, the euro will be worth as much as 13 percent more next year, according to a new forecast from ING.

Last update: 8 Oct, 2018

“Avoid GBP,” Forecasters Say; Swiss Franc Volatility to Increase

GBP British Pound Sterling Exchange Rate Forecast Brexit

It’s no time to be brave with your British pounds, think foreign exchange experts at Crédit Agricole. “Stay conservative; avoid GBP,” the bank’s research team wrote on Tuesday. The pound has had a mixed year. As of writing, its 3.9 percent year-to-date loss against the US dollar ($1.299) is balanced by a 5.2 percent gain […]

Last update: 3 Oct, 2018

Australian Dollar Has Best Week in 9 Months; Sterling Has a Shocker

A gain last week of 1.9 percent marked the Australian dollar’s best weekly performance versus the US dollar since December. The Aussie rebound continued with a touch of the $0.73 handle on Friday. Australia’s currency had been worth less than $0.71 just 10 days earlier. It settled for the week at $0.7285. Further to gains […]

Last update: 22 Sep, 2018

Time to Exchange British Pounds: Currency Is Under Siege Following Latest Brexit Deal Humiliation

The British pound has been sold widely on Friday following Thursday’s comprehensive rejection by EU leaders of the UK’s proposed Brexit deal—the “Chequers” plan. The Chequers plan, which outlines terms for the UK’s departure from the EU and which includes a “combined customs territory” on the Irish border, “would not work,” said European Council President […]

Posted: 21 Sep, 2018

Relief in Emerging Market FX After Turkey Raises Interest Rates

There was widespread relief among emerging market investors on Thursday after the Turkish central bank finally raised interest rates to protect the embattled lira. Elsewhere, the dollar lost value for a fourth consecutive day and ethereum stabilized after a ten-day fall.

Posted: 13 Sep, 2018

More Upside Expected for Norwegian Krone

The Norwegian krone was the best performing G10 currency on Monday. The krone benefitted from better-than-expected inflation data and an uptick in European sentiment that followed this weekend’s Swedish election and Michel Barnier’s prediction that a Brexit deal will be concluded within 6-8 weeks.

Last update: 13 Sep, 2018

EUR/GBP Set for Big Move Lower on Impressive Technical Formation

The euro fell sharply against the British pound on Friday after the EU’s chief Brexit negotiator, Michel Barnier, said he was determined to strike a deal with the UK. A near-perfect Head and Shoulders pattern now indicates a move in EUR/GBP into the high 0.87s.

Posted: 7 Sep, 2018

Frightening FX Losses in Argentina; SNB Might Intervene to Weaken Franc

The currency situation in Argentina is becoming desperate. In a single three-hour period on Thursday, the Argentine peso shed 19 percent of its value as it slid to 41.47 to the dollar. The peso had already lost 45 percent since January. With the peso’s spiral downwards, default risk in Argentina moves ever higher, resulting in […]

Last update: 31 Aug, 2018

Pound (GBP) Plummets as No-Deal Fears Made Tangible in Government ‘Worst-Case’ Plans

Pound Sterling (GBP) Exchange Rates Fall as No-Deal Brexit Detailed Pound (GBP) exchange rates weakened on Thursday afternoon after the UK government published papers revealing what a no-deal Brexit would spell for the economy, leaving GBP investors cold. Sterling thereafter saw a mass sell-off, despite the currency gaining in markets following the CBI distributive trades […]

Posted: 24 Aug, 2018

Trump Headlines See Pound (GBP) Strengthen against US Dollar (USD)

Pound Sterling (GBP) Exchange Rates Range-Bound as Brexit Doubt Plagues Markets The Pound (GBP) was trading in a narrow range against most major currencies during Wednesday’s session as Brexit jitters plagued markets, effectively muting Sterling gains. GBP may again struggle to attain momentum today if Brexit uncertainty persists, with politicians coy and economists split on […]

Posted: 23 Aug, 2018

Pound Sterling (GBP) Records Modest Gains as Brexit Negotiations Intensify

Pound Sterling (GBP) Exchange Rates Advance amid Brexit Uncertainty The Pound (GBP) showed signs of flipping its fortunes during Tuesday’s session, with the currency strengthening against most of its major peers. Some analysts believed this to be due to a much-improved UK public borrowing figure for last month, although the boost to GBP came shortly […]

Posted: 22 Aug, 2018

Pound (GBP) Strengthens against US Dollar (USD) following President Trump’s Fed Criticism

Pound Sterling (GBP) Exchange Rates Unstable amid Lull in Brexit News The Pound (GBP) mostly fared well on Monday thanks to a stall in new Brexit headlines, with investors seemingly adopting the stance that ‘no news is good news.’ However, this lull for Sterling may not last unless concrete progress is made in Brexit negotiations […]

Last update: 21 Aug, 2018

Pound (GBP) Exchange Rates Could Struggle with Focus Fixed on Brexit

Pound Sterling (GBP) Exchange Rate Woes Exacerbated by Brexit Fears The Pound (GBP) had a difficult end to Friday’s session as Brexit re-entered the limelight, seeing Sterling exchange rates show signs of a downturn. Following the continuation of Brexit talks on Thursday, Danish Finance Minister Kristian Jensen expressed concerns that the UK might not strike […]

Posted: 20 Aug, 2018

Pound lacking forward momentum

Pound Sterling (GBP) Exchange Rates Firm after Decline in Unemployment Pound (GBP) exchange rates traded in a narrow range yesterday as market focus shifted from Brexit onto the more pressing economic turmoil in Turkey. The lack of recent Brexit developments and lull in domestic data saw the Pound lacking forward momentum, meaning Sterling instead derived […]

Last update: 15 Aug, 2018

USD Surges and Global Trading Reels from Knock-on Effects of Freefalling Turkish Lira

Pound Sterling (GBP) Exchange Rates Muted after Lacklustre GDP The Pound (GBP) struggled to get out from under the heel of markets on Friday, with the UK’s latest GDP figures not enough to inspire a Sterling rally. The 0.4% growth in the second quarter – up from 0.2% in the first – failed to help […]

Posted: 13 Aug, 2018

Dollar and Yen Soar on Flight to Safety; Turkey Leads Turmoil in EM FX

The US dollar and Japanese yen soared on Friday as traders fled risk-sensitive currencies. Turmoil in emerging market FX is being led by the Turkish lira, which fell 15 percent in twelve hours after President Trump doubled tariffs on Turkish steel and aluminium imports.

Last update: 5 Dec, 2018

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