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Fri 28 Jul 2017 07:40 GMT

November 2013 News Archive

Archived Currency News...

Pound Sterling Crashes on Renewed Brexit Concerns Published: 28 Nov at 5 PM
Pound Sterling (GBP) The Pound has plummeted in exchange rates today, owing to a new threat emerging about the UK’s exit from the EU. The latest potential holdup in Brexit proceedings has been that the Government may have to hold a vote or even a referendum on single market access, which could remain even after the UK leaves the...
Pound Sterling Exchange Rates Rise after PM Talks of Boosting UK Business Published: 21 Nov at 4 PM
Pound Sterling Advance Seen after PM May Hints at ‘Transitional Brexit’ The value of the Pound has been on a steady upwards path today, owing to the latest announcements from Prime Minister Theresa May. Speaking earlier at a Confederation of British Industry (CBI) conference, May did her best to reassure UK businesses about future...
Strong Retail Sales Boosted Pound, Australian Dollar Slumps after Unimpressive Employment Data Published: 17 Nov at 4 PM
Pound Sterling While investors had anticipated an uptick in UK retail sales in October, the 7.6% year-on-year jump smashed expectations. This helped to boost demand for the Pound, indicating that consumer confidence has remained robust in spite of the atmosphere of political uncertainty. Even so, worries remain over the Brexit issue and...
Pound Sterling (GBP) Falls on Fresh Brexit Concerns Published: 15 Nov at 2 PM
Pound Sterling (GBP) The Pound’s success story last week has been partially unravelled since markets opened this week. While some traders remained optimistic on hopes of stronger UK-US trade ties under a US President Trump, the British currency fell on Monday in profit-taking and corrective trade and continued its fall on...
Pound Sterling Surges Higher on US-UK Trade Deal Hopes, US Dollar Still Volatile as Election Fallout Continues Published: 10 Nov at 5 PM
Pound Sterling The UK housing market continued to demonstrate signs of resilience, with the RICS House Price Balance for October unexpectedly strengthening from 18% to 23%. This offered encouragement to the Pound, despite the weaker nature of recent production and trade data. Demand for Sterling was given a further boost by commentary from...
Pound Sterling (GBP) Slips as Market Attention Focuses on US Election Published: 7 Nov at 1 PM
Pound Sterling (GBP) The Pound saw its best trade session in months last week thanks to a double whammy of boosts during Thursday’s European session. A ruling from the UK’s High Court decreeing MPs must have a vote on Article 50 as well as a monetary policy freeze from the Bank of England (BoE) gave GBP investors significantly more...
Pound Appreciates ahead of Thursday’s BoE Bonanza Published: 2 Nov at 1 PM
Pound Sterling (GBP) On the eve of what may be a momentous Bank of England (BoE) interest rate decision, the Pound has found itself in high demand against most peers. This comes despite a number of concerning forecasts made by the National Institute of Economic and Social Research (NIESR), which has estimated a drop in the UK’s GDP...
US Dollar Trends Higher ahead of FOMC Meeting Minutes, Euro Bullish Despite Rising Odds of ECB Easing Published: 18 Nov at 4 PM
<b>Pound Sterling</b> Bank of England (BoE) Deputy Governor Ben Broadbent inspired a limited rally for the Pound today after advising that investors should not place too great a focus on the central bank’s inflation target when assessing the potential timing of an interest rate rise. As the policymaker failed to offer any...
New Zealand Dollar Rallies on Hawkish RBNZ Report, Pound Shored up as UK Unemployment Rate Falls to Seven-Year Low Published: 11 Nov at 1 PM
<b>Pound Sterling</b> The day’s raft of UK employment data proved more mixed than traders had hoped, as Jobless Claims Change showed a greater rise in claims for unemployment benefit and Average Weekly Earnings fell short of expectations. However, although the Pound initially turned bearish, this was counteracted by the...
Euro in Sharp Slump as Volkswagen Admits Further Emissions Inaccuracies, New Zealand Dollar Soft after Dairy Price Decline Published: 4 Nov at 4 PM
Pound Sterling Sentiment strengthened towards the Pound today following the release of the UK Services PMI, which printed above forecast at 54.9. Indicating that the domestic service sector had continued to expand strongly in October this shored up hopes that Bank of England (BoE) policymakers will lean towards greater hawkishness at...
Pound Bolstered by Unexpectedly Strong UK Manufacturing PMI, Canadian Dollar Declines on Record Russian Oil Production Published: 2 Nov at 5 PM
Pound Sterling Surprising investors, the UK Manufacturing PMI defied expectations of a slight decrease to instead print at a significant gain. Rising from 51.8 to 55.5 the index appeared to indicate that the domestic manufacturing sector had experienced a particularly strong month of expansion in October, leading to a marked jump in demand...
Latest Exchange Rates Report for the Pound, Euro and US Dollar Published: 27 Nov at 3 PM
Exchange Rates Today: GBP/EUR Edges Higher ahead of German CPI, EUR/USD Softens on Risk Aversion and GBP/AUD Dives on PBOC Monetary Policy Easing Pound Sterling to Euro (GBP/EUR) Exchange Rate Trending within Narrow Range ahead of German CPI Whilst traders await the German inflation data, the Pound Sterling to Euro (GBP/EUR) exchange...
Send Money News: Latest Exchange Rates Today - Pound, Euro and Australian Dollar Published: 27 Nov at 12 PM
Exchange Rates Today: GBP/EUR Softens on Carney Comments, EUR/USD Holding Steady ahead of US GDP, GBP/AUD Strengthens on Risk Aversion Pound Sterling to Euro (GBP/EUR) Exchange Rate Softens on Dovish Carney After Bank of England Governor Mark Carney intimated that a benchmark rate increase was a long way off, the Pound Sterling to Euro...
Exchange Rates Today: GBP/EUR Exchange Rate Trending Higher on QE Anxieties, EUR/USD Exchange Rate Soft Published: 27 Nov at 12 PM
Exchange Rates Today: GBP/EUR Exchange Rate Trending Higher on QE Anxieties, EUR/USD Exchange Rate Soft ahead of US Data and GBP/AUD Exchange Rate Rallies on Iron Ore Glut The Pound Sterling to Euro (GBP/EUR) Exchange Rate Strengthens despite Mixed UK Data Although British data produced mixed results on Wednesday, the Pound Sterling to...
CAD Surges on Inflation Gain, EUR Falls as Draghi is Dovish, USD Steady Published: 27 Nov at 12 PM
Pound Sterling The Pound posted extensive declines on Friday after UKIP won a by-election and increased political uncertainty in the UK in the run-up to the general election. Although the UK’s Public Borrowing figures came in pretty much as forecast, Sterling softened against almost all of its currency counterparts before the close of...
GBP Advances on Sales Gain, USD Boosted by CPI, EUR Declines after PMI Published: 20 Nov at 3 PM
Pound Sterling On Thursday demand for the Pound was supported by an impressive increase in UK retail sales and better-than-forecast Trends Selling Prices, Trends Total Orders reports from the Confederation of British Industry. Sterling strengthened against both the Euro and US Dollar during the European session. Tomorrow’s UK public...
GBP Boosted by BoE Minutes, EUR Softens, USD Steady Before FOMC Published: 19 Nov at 11 AM
Pound Sterling After softening across the board yesterday in response to expectations that the pace of UK consumer price gains will slow in the months ahead, the Pound was able to stage a rebound on Wednesday. Sterling advanced on several of its rivals as the minutes from the Bank of England’s policy meeting showed that the Monetary Policy...
Exchange Rate News: GBP/EUR Softer, AUD/USD Strengthens on RBA, USD Steady Published: 18 Nov at 12 PM
Pound Sterling After the UK’s Consumer Price Index was shown to have advanced from 1.2% to 1.3% on the year in October, the Pound put on a mixed performance against the majority of its currency counterparts. While the pace of inflation moved closer to the Bank of England’s 2% target, that fact that wage growth is no longer outstripping...
NZD Advances on Sales Stats, GBP Trends Lower, AUD Gains Published: 17 Nov at 12 PM
Pound Sterling On Monday the Pound spent the European session trending in a weaker position against both the Euro and US Dollar. The British asset could exhibit additional softness as the week continues if the UK’s Consumer Price Index confirms that the pace of consumer price growth stagnated in October. US Dollar With the publication...
AUD, NZD Trend Higher, GBP Struggling, EUR Gains Published: 17 Nov at 11 AM
Pound Sterling Yesterday’s dovish quarterly inflation report from the Bank of England (BoE) left the Pound trending in a weaker position against all of its major currency counterparts. The GBP/USD exchange rate brushed a 14-month low and the GBP/EUR exchange rate fell below 1.27. A lack of influential UK reports limited Pound movement on...
GBP Weakness Persists, USD Gains Expected, AUD Steady Published: 14 Nov at 11 AM
Pound Sterling Pound weakness persisted on Friday as a below-forecast UK Construction Output report added to the British currency’s woes. Construction output increased by 1.8% on the month in September, far short of the 4.0% rebound economists had anticipated. If next week’s UK reports, including the nation’s retail sales figures,...
BoE Inflation Report Causes GBP Drop, EUR Weaker, CAD Steady Published: 12 Nov at 12 PM
Pound Sterling In a dramatic day of movement for the Pound, the British asset rose in response to an increase in average UK earnings and plummeted in reaction to the Bank of England’s dovish inflation report. The Pound lost over 0.4% against the Euro and 0.5% against the US Dollar. US Dollar A lack of economic reports for the US has...
GBP Steady, USD Declines after Jobs Data, EUR Gains on Confidence Growth Published: 10 Nov at 5 PM
Pound Sterling A lack of UK data severely limited Pound Sterling movement on Monday and the British currency stayed trading around the day’s opening levels against the US Dollar for most of the European session. However, the GBP/EUR exchange rate was able to edge higher in spite of the Eurozone releasing a better-than-expected Consumer...
GBP Declines on Trade Stats, US Dollar Lower after Jobs Report, Euro Gains Published: 7 Nov at 6 PM
Pound Sterling On Friday the Pound came under pressure as the UK trade deficit was show to have widened in September. This disappointing report followed lacklustre UK Services and Construction PMI published earlier in the week. Both the Pound to US Dollar and Pound to Euro exchange rates softened before the weekend. US Dollar With the...
EUR Plummets after ECB Decision, GBP Softer on BoE Inaction, USD Supported Published: 6 Nov at 3 PM
Pound Sterling The Pound came under considerable pressure on Thursday after UK house prices declined, the annual pace of industrial output in the nation slowed and the Bank of England left interest rates unaltered. The developments conspired to pressure Sterling lower and the currency softened against almost all of its currency counterparts....
GBP Declines, AUD/CAD/NZD Plummet, USD Supported Published: 5 Nov at 2 PM
Pound Sterling After the UK’s Services PMI was shown to have fallen to 56.2 (rather than easing to 58.5 as expected) the Pound posted notable declines against the US Dollar, falling to a one-year low. The British currency also softened against the Euro. However, a sell-off in commodity currencies ensured that the Pound retained the upper...
GBP Gains on Manufacturing PMI, EUR Softer, AUD Trends Lower after Building Approvals Flop Published: 4 Nov at 7 PM
Pound Sterling The Pound broadly strengthened on Monday as investors responded to the UK’s stronger-than-forecast manufacturing PMI for October. Instead of declining as expected, the index pushed to a three-month high. The Pound accordingly strengthened against the Euro, Australian Dollar and New Zealand Dollar. If this week’s UK...
CAD/USD at Five-Year Low, GBP Softer, AUD Advances Published: 4 Nov at 5 PM
Pound Sterling On Monday the Pound was supported by an impressive UK Manufacturing PMI. However, Sterling shed these gains on Tuesday after the nation’s Construction PMI registered a steeper than anticipated decline. Tomorrow’s Services/Composite PMI will inspire another bout of Pound movement ahead of the Bank of England interest rate...
Euro/US Dollar Exchange Rate holding close to a one-month high on mixed data Published: 29 Nov at 3 PM
The Euro is holding steady against the majority of its peers in a day of light trading caused by the closure of US markets for the Thanksgiving holiday period. The single currency pushed closer to a one-month high against the ‘Greenback’ following the release of better than expected Eurozone inflation data and as a separate report...
Exchange Rate News: Eurozone unemployment data to cause volatility Published: 29 Nov at 10 AM
Pound Sterling GBP/USD– Trading in the Region of 1.6332 The Pound is set to make a fourth-weekly gain against the US Dollar as investors expect a report due for release by the Bank of England later in the session will show that the number of mortgages approved in October increased. The currency remains buoyed by the positive GDP data...
Exchange Rate News: EUR/GBP Holds Declines, USD/AUD Fluctuates Published: 28 Nov at 10 AM
Pound Sterling GBP/USD– Trading in the Region of 1.6337 With yesterday’s reports confirming that the UK economy expanded by 0.8 per cent in the third quarter the Pound surged against its peers and largely retained gains overnight. In a quiet UK news day Sterling fluctuations could be inspired by developments in the Eurozone. US...
Pound hits its highest-level since 2009 against the Canadian Dollar Published: 27 Nov at 4 PM
The Canadian Dollar has slumped to its lowest-level since December 2009 against the Pound after GDP data showed that the UK economy is expanding and as oil prices declined for a fourth consecutive day. After the GDP data was released earlier in Wednesday’s session the Pound climbed to its highest level since January against the US...
Exchange Rate News: UK GDP & US jobless set to be main market movers Published: 27 Nov at 11 AM
Exchange Rate News: UK GDP & US jobless set to be main market movers Pound Sterling The Pound is likely to see volatility following the release of data which is expected to show that the UK economy expanded at its fastest pace in three-years in the third quarter. The currency came under some pressure yesterday after Bank of...
Thai Baht falls to 10-week low against US Dollar Published: 26 Nov at 3 PM
The Thai Baht has tumbled to a fresh low against the US Dollar and fell against many of its most traded peers as anti-government protests in Thailand intensify. Over 100,000 protestors have besieged a number of government ministries and look set to escalate the situation after calling on the nation’s civil servants to join their effort...
Exchange Rate News: Quiet session ahead due to lack of data Published: 26 Nov at 10 AM
Pound Sterling GBP/USD– Trading in the Region of 1.6189 The Pound is likely to remain little moved throughout today’s session due to a lack of data releases. Sterling could be impacted as Bank of England Governor Mark Carney and other policy makers testify to parliament’s Treasury committee. US Dollar USD/EUR – Trading in the...
Thai Baht Plummets As Protests Intensify, CAD Tumbles Published: 25 Nov at 5 PM
As anti-government protests gather momentum in Thailand the Baht has tumbled against peers like the US Dollar and Pound. Although the Pound declined as UK mortgage approvals data fell short of expectations, the Baht edged lower against its British counterpart and hit a 10-week low against the US Dollar as protesters stormed the Ministry of...
Exchange Rate News: GBP/USD Close To Month High Published: 25 Nov at 10 AM
Pound Sterling GBP/USD– Trading in the Region of 1.6205 Before UK mortgage approvals data was published the Pound was trading close to a four-week high against its US counterpart. With influential news thin on the ground today Sterling volatility may be restricted in the hours ahead. US Dollar USD/EUR – Trading in the Region of...
Euro (EUR) Rallies But Krona (SEK) Soars Published: 22 Nov at 5 PM
Although the Euro strengthened against the majority of its peers (posting particularly notable gains against the Yen and Australian Dollar) as a result of stronger-than-anticipated German business confidence data and a German growth report which met economists' expectations, the Swedish Krona still advanced on its European cousin during the...
Exchange Rate News: GBP/USD Stronger, AUD/USD Weaker, EUR/GBP Rallying Published: 22 Nov at 10 AM
Pound Sterling GBP/USD– Trading in the Region of 1.6207 The GBP/USD pairing is ending the week on a high having jumped yesterday in response to strong UK factory order and trade balance data. With a Bank of England official asserting that the UK would need to keep interest rates at record lows for the next few years the Pound is likely...
‘Loonie’ Tumbles Against ‘Greenback’ On Stimulus Comments CAD/USD Published: 21 Nov at 5 PM
Today the ‘Loonie’ extended declines against the US Dollar as US initial jobless claims fell by more than forecast, adding to the case for the Federal Reserve tapering stimulus in the first half of next year. The commodity-driven currency was also feeling the pressure as growth in China’s manufacturing sector slowed by more than...
Exchange Rate News: EUR/GBP Tumbles, AUD/USD Drops, USD/JPY Rallies Published: 21 Nov at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1988 Sterling rallied against its peers yesterday as minutes from the Bank of England’s latest policy meeting emphasised that the UK’s economic recovery is gathering momentum. The British asset continued to trade in the region of a 10-month high against the Euro before UK trade data...
Euro Drops EUR/GBP, EUR/USD, As Negative Rates Discussed Published: 20 Nov at 5 PM
While the prospect of encouraging services/manufacturing output reports for Germany and the Eurozone have shored up the Euro for much of the local session, the common currency posted widespread declines as industry experts intimated that the European Central Bank may deploy negative interest rates. While ECB Board Member Joerg Asmussen...
Exchange Rate News: Rand (ZAR) Slumps, Pound (GBP) Fluctuates, US Dollar (USD) Struggles Published: 20 Nov at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1921 As European trading began the Pound was within touching distance of a three-week high against the ‘Greenback’. Minutes from the latest Bank of England policy meeting will be instrumental in the GBP/USD pairing’s movement today, but US retail sales data will also have a...
Crude Oil Falls and Ruble (RUB) Drops, Euro (EUR) Rallies Published: 19 Nov at 5 PM
As the price of crude oil slumped to a five-month low, the currency's of nations which rely on the commodity declined. Russia’s Ruble posted its first decline against the US Dollar for five days as oil tumbled, and was also negatively affected by an unexpected fall in Russia’s industrial output. Economists expected output to...
Exchange Rate News: Euro (EUR) Could Climb, Pound (GBP) Close To 3-Week High Published: 19 Nov at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1919 Prior to the publication of minutes from the lasted Bank of England Policy meeting, the Pound was holding fairly steady against the Euro and was edging towards a three-week high against the US Dollar. In the absence of UK economic news, GBP/EUR volatility is likely to be inspired...
Franc (CHF) Cap Likely To Last Until 2015, US Dollar Slips Published: 18 Nov at 5 PM
As the economic crisis in the Eurozone deepened, investors searching for shelter from the storm turned to the Swiss Franc as a European haven. Consequently the Swiss National Bank opted to set a cap of 1.20 Francs per Euro back in 2011. But with fears of a total currency-bloc collapse receding and the Euro regaining its footing in the...
Exchange Rate News: EUR/GBP Weakens, USD/GBP Softer, AUD/GBP Boosted Published: 18 Nov at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1955 Despite data revealing a decline in UK house prices in November the Pound was little changed against its US counterpart as the European session got underway. Sterling was able to ease higher against the Euro however after the release of current account figures for the Eurozone....
US Dollar (USD) Falls Against Pound (GBP) And Euro (EUR) Published: 15 Nov at 5 PM
During North American trading the US Dollar declined against the majority of its higher risk rivals as data supported the case for the Federal Reserve maintaining an accommodative fiscal policy for the foreseeable future. In a development which is likely to please Federal Reserve Chairman candidate Janet Yell, a gauge of US industrial...
Exchange Rate News: GBP/USD And NZD/USD Climb Published: 15 Nov at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1954 A less-than-inspiring retail sales report for the UK might have worn on the Pound during the European session, but the belief that the Bank of England will need to increase interest rates earlier than projected kept Sterling trading stronger against the Euro. US Dollar USD/EUR...
Yen Falls Beyond 100 Per Dollar USD/JPY, Euro Falls Published: 14 Nov at 5 PM
For the first time in nearly two months the Yen has slumped beyond the psychological 100 Yen per Dollar level as disappointing growth data for Japan increased the likelihood of the Bank of Japan implementing additional stimulus. Japanese growth slowed from 0.9 per cent in the second quarter to 0.5 per cent in the third. Consumer spending...
Exchange Rate News: GBP Declines As Retail Sales Drop, EUR Fluctuates Published: 14 Nov at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1917 While the Pound continues to hold its own against a struggling Euro, the British asset has fallen against the US Dollar as UK retail sales data failed to meet expectations, intimating that the UK’s economic recovery may not be as stable and broad-based as some were beginning to...
EUR/USD And EUR/GBP Weaken Ahead Of GDP Reports Published: 13 Nov at 5 PM
Today major currency pairings experienced notable movement as several influential pieces of data were published. The Euro, in particular, fluctuated against its currency counterparts. While the Euro had largely recovered losses sustained against its peers in the wake of the European Central Bank’s decision to cut rates last week, the...
Exchange Rate News: Pound Volatile, EUR/USD Softer, NZD/USD Stronger Published: 13 Nov at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1828 The Pound began the local session little changed against its main peers having posted widespread losses yesterday. With employment figures showing that the UK economy added more positions than expected in September and that the unemployment rate dipped to 7.6 per cent, Pound...
CAD/USD Declines But CAD/GBP Rallies As Pound Softens Published: 12 Nov at 5 PM
While the ‘Loonie’ advanced yesterday as investors speculated that improving US growth would support Canada’s economic recovery, the commodity-driven asset slumped against the ‘Greenback’ today as a US business gauge impressed and lent the US currency support. After the US Chicago Fed activity index came in at 0.14 in September,...
Exchange Rate News: CPI Data Triggers GBP/EUR Movement Published: 12 Nov at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1909 Before UK consumer price inflation figures were published the Pound was softer against the US Dollar but holding steady against the Euro. Economists expected prices to slide from 2.7 per cent to 2.5 per cent in October, still considerably above the Bank of England’s 2 per cent...
Euro Recovers Losses Before German Inflation Data Published: 11 Nov at 3 PM
With economists speculating that last week’s extensive Euro declines were over the top, the common currency was able to recover some losses against its US peer. The Euro also advanced on the Pound ahead of tomorrow’s German and UK inflation data. Last week the Euro floundered against the majority of its most traded peers as the...
Exchange Rate News: GBP/USD, EUR/GBP Trading In A Tight Range Published: 11 Nov at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1965 While the Pound retained much of last week’s gains against the Euro over the weekend, the British asset is likely to come under pressure as investors speculate on the outcome of the Bank of England’s quarterly inflation report and UK growth forecasts. US Dollar USD/EUR –...
Krona (SEK) Drops Against US Dollar (USD) And Euro (EUR) Published: 8 Nov at 1 PM
While the unexpected developments in the Eurozone and the surprisingly strong growth data from the US inspired considerable market movement this week, a domestic report saw the Swedish Krona slump against all of its most traded currency peers during the European session. Although the Euro broadly weakened in response to yesterday’s...
Exchange Rate News: EUR/GBP Close To Nine Month Low, USD Volatility Expected Published: 8 Nov at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1993 The Pound was happily heading towards five-day gains against the Euro and US Dollar prior to the release of UK trade data. However, with the report showing that the UK’s trade deficit unexpectedly increased and separate figures revealing a surprising decline in domestic...
USD/ZAR Fluctuates As South African Manufacturing Slumps Published: 7 Nov at 5 PM
Prior to the publication of South African manufacturing data the Rand was fluctuating against the US Dollar. Anticipation surrounding the European Central Bank’s rate decision also wore on the commodity-driven Rand as the local session progressed. Before the day’s major news was published, market researcher Theuns de Wet asserted;...
Exchange Rate News: EUR/GBP Recovering, AUD/USD Plummets Published: 7 Nov at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1899 While the Pound was able to hold on to gains posted against the US Dollar in the wake of yesterdays positive UK industrial/manufacturing production figures, the British asset softened against the Euro as investors deemed the common currency’s recent drop excessive. However, if...
Exchange Rate News: GBP/USD Bullish, EUR/USD Recovers Losses, NZD/AUD Climbs Published: 6 Nov at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1915 Over the last few days the UK’s economic outlook has been brightened by stronger-than-anticipated construction and services PMI. The Pound has consequently enjoyed a bullish relationship with several of its main rivals and begins trading close to a four-week high against the...
GBP/EUR And USD/ZAR Surge On Domestic Concerns Published: 5 Nov at 1 PM
With speculation surrounding the possibility of a European Central Bank rate cut growing amid increasing fears that the Eurozone’s tentative return to growth could be faltering, investors have turned to lower-risk assets and the Euro has dropped while the Yen has rallied. During the European session news that the European Union has...
Exchange Rate News: Pound Climbs, Euro Struggles Published: 5 Nov at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1839 Sterling began the local session a little softer against the US Dollar but largely unchanged against the Euro. The British asset posted notable gains yesterday as UK construction PMI showed greater-than-forecast expansion, and the Pound could climb further in the hours ahead as UK...
EUR/USD Rebounds, EUR/GBP Struggles After UK Construction PMI Published: 4 Nov at 5 PM
While the Euro slumped to a six-week low against the US Dollar as last week’s disappointing Eurozone data led investors to speculate on the likelihood of the European Central Bank issuing a rate cut, the common currency was later able to stage an impressive rebound against its North American peer. Although not all the news to emerge...
Exchange Rate News: GBP/USD Recovers Losses, EUR/USD Fluctuates Published: 4 Nov at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1806 While the Pound began local trading softer against a bolstered US Dollar, the British asset advanced against several of its most traded peers as UK construction PMI for October exceeded estimates by rising to 59.4 from 58.9 rather than falling to 58.7 as expected. US...
CAD/USD Sheds Gains As US Manufacturing Expands And Oil Falls Published: 1 Nov at 5 PM
During North American trading the Canadian Dollar continued to feel the benefits of yesterday’s Canadian GDP data, which showed slightly greater growth then forecast. The report showed that the Canadian economy expanded by 0.3 per cent in August, month-on-month, rather than the 0.1 per cent expected. In the immediate aftermath of...
Exchange Rate News: EUR/USD At Two-Week Low, USD Broadly Stronger Published: 1 Nov at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1827 Although UK manufacturing PMI slipped in October, it remained well above the 50 mark separating growth from contraction and the Pound was able to retain yesterday’s advance against the Euro after the data was released. Sterling remained softer against a bullish US Dollar....

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