SendMoney.org.uk

Compare exchange rates, send money abroad and online

Fri 28 Jul 2017 07:39 GMT

February 2014 News Archive

Archived Currency News...

Euro Recovers as Markets Soft on USD, CAD Before Trump Speech Published: 27 Feb at 5 PM
Pound Sterling (GBP) Pound Sterling has tumbled on new fears over the looming start of the UK’s Brexit. Rumour has it that the government expects Scotland to demand another referendum on its independence from the United Kingdom. Considering voters in Scotland chose by a solid majority to remain a part of the EU, investors fear that...
National Jobs Stats Alarm Investors, Australian Dollar Value Plummets Published: 16 Feb at 4 PM
Pound Sterling (GBP) The Pound has been an unstable option for investors today, having risen by 0.3% against the US Dollar but dropped by -0.4% against the Euro. Recent UK domestic data, inflation rate stats and earnings data, remains from previous days as dominant factors. Ending the UK’s week will be Friday’s retail sales figures...
Promises of Clear Trump Tax Plans Boost US Dollar Performance against Peers Published: 13 Feb at 5 PM
Pound Sterling (GBP) The Pound has rallied against peers today, ahead of a potentially uncomfortable run of UK inflation and earnings figures. Inflation is expected to rise on Tuesday, but earnings on Wednesday are predicted to remain at their previous level of growth. If earnings happen to drop, this could well weaken Pound demand due to...
Pound Sterling Rallies Today as Global Economic Uncertainty Raises GBP Attraction for Investors Published: 9 Feb at 5 PM
Pound Sterling (GBP) While major UK developments have taken place recently, Sterling has weathered any negative effects, rising by 0.4% against the Euro and 0.3% against the US Dollar regardless. The latest news has been that the key Article 50 bill, which must be approved to trigger Brexit, has been voted through the House of Commons for...
Mario Draghi Weakens Euro, Claims Loose Monetary Policy Still Necessary Published: 6 Feb at 4 PM
Sterling Pound Sterling is beginning to recover from some earlier shocks to the system, although overall the UK unit is in a poor state against its peers. Numerous surveys and reports regarding the impact of Brexit have been released today and most of them make for dovish reading. Over half of UK firms are expecting to have to raise prices...
Uptick in Pound as EU Report Leaks Published: 1 Feb at 5 PM
Sterling The Pound (GBP) rallied against the other majors this afternoon after an EU report on the consequences of Brexit was leaked to the media. The report, created by officials at the EU’s economic and monetary affairs (Econ) suggests that the City of London should be protected in Brexit negotiations in order to prevent unnecessary...
Pound Sterling makes Half-Hearted Effort to Recover Gains Published: 25 Feb at 4 PM
Pound Sterling (GBP) The Pound has not been particularly strong today, as while it has made a few scattered advances against the usual peers, for the most part, it has trended in a tight range due to gathering ‘Brexit’ concerns. The latest in the long line of UK Referendum developments has been the news that net migration into the UK...
USD/AUD Exchange Rate Forecast to Edge Higher Despite Disappointing US Services Data Published: 24 Feb at 4 PM
US Dollar to Australian Dollar (USD/AUD) Conversion Rate Predicted to Tick Higher on Safe-Haven Demand The US Dollar to Australian Dollar (USD/AUD) exchange rate strengthened by around 0.3% on Wednesday afternoon. Despite the fact that US economic data produced disappointing results today, the US Dollar edged higher versus many of its...
Stock Market Gains caused Heightened Trader Risk Appetite Today Published: 17 Feb at 5 PM
Pound Sterling (GBP) The British Pound has seen significant price swings during Wednesday’s European session. Initial gains were pared by mixed labour market data, with record-high employment change countered by tepid wage growth and rising unemployment. However, as the session progressed the Pound clawed back losses and posted daily...
New Zealand Dollar (NZD) Softened by Disappointing Dairy Result, Canadian Dollar (CAD) Strengthens in spite of Oil Worries Published: 16 Feb at 4 PM
Mixed Inflation Data sees GBP Turn Bearish Although the Pound initially saw a boost on the back of the latest Consumer Price Index report, thanks to a modest uptick of 0.3% in baseline inflation, the currency has since turned increasingly bearish. As the core CPI showed a larger dip than expected and inflation remains a long way from the...
Euro (EUR) Slumps on Weaker Eurozone GDP Results, Pound Sterling (GBP) Climbs with Correctional Trading Published: 12 Feb at 12 PM
<b>GBP Recovers Ground with Stronger Construction Output</b> Correctional trading has been helping the Pound regain some of its lost ground today as traders conclude that recent declines might have been oversold. Confidence in Sterling has equally been boosted by the latest UK construction output figures, which showed a decent...
US Dollar (USD) Softens ahead of Yellen Comments, Pound Sterling (GBP) Makes Fresh Gains despite Disappointing Data Published: 10 Feb at 11 AM
<h3>Weaker UK Production Data Fails to Dent GBP</h3> Despite December’s UK Industrial and Manufacturing Production figures proving worse than anticipated, with output contracting on the month and the year, the Pound has remained on a largely stronger footing against rivals today. While the odds of the Bank of England (BoE)...
Continued Stock Market Turbulence Boosts US Dollar (USD), Commodity-Correlated Currencies (AUD, NZD) Trend Lower Published: 9 Feb at 1 PM
<h3>GBP Struggles to Rally as Trade Deficit Narrows</h3> Stronger-than-expected British retail sales and a narrowed visible trade deficit have helped to bolster Pound Sterling on Tuesday morning, suggesting that the domestic economy is somewhat escaping the influence of global slowdown pressures. However, as debate continues to...
Canadian Dollar (CAD) Stronger, US Dollar (USD) Buoyed by Rate Hike Bets Published: 27 Feb at 10 AM
Pound Sterling Earlier this week the Pound achieved an eight-week high against the US Dollar and a seven-year high against the Euro. The British currency pared some of these gains towards the close of the week as the UK’s GfK Consumer Confidence index printed at 1 instead of 2, as anticipated. US Dollar Bullish comments from a...
UK GDP Steadies Pound (GBP), US Dollar (USD) Static Before CPI Published: 26 Feb at 12 PM
Pound Sterling As the day’s only major UK report – fourth quarter growth figures – printed in line with forecasts, the Pound experienced minimal movement during the European session. The British asset remained trading close to an eight-week high against the US Dollar and a seven-year high against the Euro. US Dollar The US Dollar...
Canadian Dollar (CAD) Rallies after BOC, Chinese Data Pushes Aussie (AUD) Higher Published: 25 Feb at 5 PM
Pound Sterling A lack of UK data left the Pound trending in a fairly narrow range against the majority of its currency counterparts on Wednesday. Sterling had gained earlier in the week thanks to comments issued by BoE Governor Mark Carney. The central bank chief implied that interest rates will be increased despite the dimmer inflationary...
Pound Higher before Carney Comments, US Dollar Volatility Expected Published: 24 Feb at 11 AM
Daily Currency Update Pound Sterling With UK data in short supply for the first half of the week, commentary from central bank officials and global economic developments will continue to drive Pound movement. If the Bank of England’s Mark Carney is hawkish today, Sterling could push higher in the hours ahead. US Dollar Federal...
Exchange Rates Now - Euro Struggles, Aussie Fluctuates, US Dollar Broadly Stronger Published: 23 Feb at 12 PM
Pound Sterling The Pound continued trending in a stronger position against the Euro on Monday in spite of the release of a far worse-than-anticipated Reported Sales figure from the Confederation of British Industry. The gauge had been expected to dip from 39 to 35 in February, but it actually slid to 1. The Pound held previous declines...
FX News Now: Greek Debt Discussions to Provoke Euro Movement Published: 20 Feb at 12 PM
Pound Sterling Less-than-impressive retail sales and public finance figures for the UK saw the Pound drift lower against several of its most-traded currency counterparts during the European session. Declines against the Euro were limited however as investors focused on an upcoming gathering of European finance ministers. US Dollar A...
US Dollar Eases Lower on Dovish FOMC, Pound Riding High Published: 19 Feb at 12 PM
Pound Sterling Encouraging UK jobs data saw investors positively revise BoE interest rate hike expectations and the Pound jumped as a result. The British currency is holding on to gains ahead of the release of the UK’s retail sales figures on Friday. US Dollar The US Dollar recorded losses against peers like the Pound after the minutes...
Daily Currency Update: Pound Bullish after Jobs Data, US Dollar Steady before FOMC Minutes Published: 18 Feb at 12 PM
Pound Sterling With the UK economy adding more jobs than expected in the three months through December, and the nation’s unemployment rate declining, the Pound was able to strengthen across the board on Wednesday. The British currency gained by more than 0.5% against the Euro, US Dollar and Australian Dollar. US Dollar Ahead of the...
FX NEWS: Pound Fluctuates after CPI, Aussie Higher after RBA Minutes Published: 17 Feb at 11 AM
Pound Sterling A decrease in the UK’s non-core inflation figure but a rise in core-CPI caused Sterling volatility on Tuesday. The Pound advanced against the US Dollar but held previous declines against the Euro. Tomorrow’s UK employment report is likely to prompt considerable Pound movement. US Dollar After a fairly static start to...
GBP/EUR Lower, GBP/USD Holding Steady - AUD Volatility Expected Published: 16 Feb at 11 AM
Pound Sterling While the UK’s Rightmove House Price report had little impact on the Pound Sterling exchange rate, despite showing a marked decrease in annual house price growth, the Pound did drift lower against the Euro. The GBP/EUR pairing declined by around 0.3% as investors bet that today’s Eurogroup talks could see Greece reach an...
Today's Currency News - US Dollar to Fluctuate after Confidence Stats Published: 13 Feb at 10 AM
Pound Sterling The Pound Sterling weakened broadly against the Euro after data showed that the German economy expanded far stronger than forecast. Against the US Dollar, the Pound advanced beyond the 1.53 level as US data released in the previous session came in below expectations. Looking ahead to next week the Pound will experience...
Currency News Now: Sterling Surges, Aussie Tumbles Published: 12 Feb at 2 PM
Pound Sterling A fairly optimistic quarterly inflation report from the Bank of England saw Sterling surge against the majority of its rivals on Monday. The British asset climbed by more than 0.5% against both the Euro and US Dollar as well as posting a whopping 1.3% gain against the ‘Aussie’. US Dollar The US Dollar came under a...
Exchange Rates Now: Pound Higher, Aussie Struggles, Loonie Lower Published: 11 Feb at 2 PM
Pound Sterling The Pound has been enjoying a solid few days of trading thanks to UK data largely outperforming expectations. Hopes that this week’s Bank of England (BoE) quarterly inflation report will reignite 2015 interest rate hike projections were also lending Sterling support. US Dollar The US Dollar was trading in a slightly...
Forex Forecast: US Dollar Bullishness Continues, Pound Fluctuates Published: 9 Feb at 12 PM
Pound Sterling A lack of UK data and bets that this week’s Bank of England quarterly inflation report will be dovish saw the Pound ease lower against peers like the US Dollar and Euro on Monday. While tomorrow’s UK Manufacturing/Industrial Production figures are expected to show a month-on-month decline in December, a surprising result...
Exchange Rates Today: US Dollar Softer before US Non-Farm Payrolls Published: 6 Feb at 12 PM
Pound Sterling Although Friday’s UK trade data showed a widening in the nation’s deficit in December, the Pound remained trading in a stronger position against peers like the Euro and US Dollar. This week’s encouraging UK PMI’s and the belief that the Bank of England is one of the few major central banks with any intention of...
Exchange Rates Today: Australian Dollar Gains on Stimulus Announcement Published: 5 Feb at 11 AM
Pound Sterling While today’s Bank of England interest rate decision isn’t expected to have much, if any, impact on the currency market, the Pound still put on a patchy performance against its peers before it took place. Sterling trimmed gains against the Euro but advanced on a broadly softer US Dollar. US Dollar A...
Forex News Now: New Zealand Dollar Rebounds as Dairy Prices Climb Published: 4 Feb at 3 PM
Pound Sterling The Pound gained on most of its currency counterparts on Wednesday as the UK published unexpectedly strong services data for January. The upbeat Purchasing Managers Index followed equally encouraging gauges for Construction and Manufacturing and the prospect of the UK economy getting off to a good start to 2015 was...
Forex News Now: Australian Dollar Broadly Weaker after Rate Announcement Published: 3 Feb at 12 PM
Pound Sterling Over the course of Tuesday’s European session, the Pound Sterling to Euro exchange rate climbed by 0.1% while the GBP/USD pairing gained 0.2%. Demand for the Pound improved after the UK’s Construction PMI increased by more-than-expected, although gains were limited ahead of the Bank of England’s interest rate decision....
FX Outlook: Australian Dollar (AUD) Steady before RBA Decision Published: 2 Feb at 12 PM
Pound Sterling The UK’s Manufacturing PMI might have improved by more than expected in January, but the Pound failed to benefit. The British currency remained trading lower against both Euro and the US Dollar after the data was published as delayed BoE rate hike expectations and political pressures took a toll on Sterling. US...
Euro Pressured Before Inflation Figures Published: 28 Feb at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6732 The Pound was broadly stronger on Friday as a gauge of UK consumer confidence came in at -7 in February, as expected, and separate reports showed that UK house prices rose by more-than-forecast last month. Sterling was also supported by comments issued by BoE policy maker Spencer...
US Dollar Strengthens Before Yellen's Speech Published: 27 Feb at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6644 The Pound began Thursday’s session holding steady against its main peers. While the currency may move in response to comments issued by Bank of England official David Miles later today, investors will also be looking ahead to tomorrow’s UK consumer confidence report. US...
UK GDP In Focus, AUD Under Pressure Published: 26 Feb at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6689 Yesterday’s impressive UK mortgage approvals report and the expectation that the Bank of England will introduce a rate increase early next year helped the Pound strengthen against several of its major peers. Sterling was holding on to gains against the US Dollar and Euro but may...
Exchange Rate News: JPY Higher, EUR Supported, AUD Lower Published: 25 Feb at 11 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6681 Before the publication of UK mortgage approvals figures the Pound was clinging to yesterday’s gains against the US Dollar but was little changed against the Euro. Sterling movement may be slightly restrained ahead of tomorrow’s British growth report. US Dollar USD/GBP –...
Exchange Rate News: EUR Movement Likely, GBP Volatility Restrained Published: 24 Feb at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6650 As Bank of England Governor Mark Carney made it clear that the BoE remains committed to supporting the UK’s economic recovery the Pound recovered losses against the US Dollar. With UK news thin on the ground today, further Sterling movement may be limited. US Dollar USD/GBP...
Exchange Rate News: AUD Ends Week Softer, USD Supported Published: 21 Feb at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6666 With UK retail sales figures estimated to show a 5.0 per cent year-on-year gain in January following a monthly drop of 1.2 per cent, the Pound snapped its recent run of declines against the US Dollar and Euro. A surprising result could trigger Sterling volatility. US...
Exchange Rate News: Rand Weakens After Inflation Data Published: 19 Feb at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6715 Before the release of UK employment data and the publication of minutes from the Bank of England’s most recent policy meeting, the Pound broke free from its recent run of declines. However, disappointing jobs data could see the Pound slip. US Dollar USD/GBP – Trading in...
Exchange Rate News: UK Inflation Data To Drive Pound Movement Published: 18 Feb at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6685 The Pound was trading close to a four-year high against its US rival ahead of the release of UK inflation figures. In December inflation finally fell to the Bank of England’s 2 per cent target and economists forecast that the UK consumer price index would rise by an annual 2 per...
Exchange Rate News: GBP/USD Close To Four-Year High Published: 17 Feb at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6763 A report showing that UK house prices climbed in February helped the Pound achieve a four-year high against the US Dollar. Sterling was stronger against most of its currency counterparts ahead of tomorrow’s UK inflation figures. US Dollar USD/GBP – Trading in the Region of...
Exchange Rate News: Euro In The Spotlight After GDP Reports Published: 14 Feb at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6701 Before UK construction output data was published the Pound was enjoying its strongest week against the US Dollar since June. The British currency was also slightly stronger against the Euro despite the publication of surprisingly upbeat growth figures for the Eurozone. US...
Exchange Rate News: AUD Drops As Unemployment Jumps Published: 13 Feb at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6644 The Pound trimmed yesterday’s gain against the Euro as a measure of UK house prices edged lower in January. However, Sterling is still enjoying a competitively bullish relationship with several of its main rivals thanks to yesterday’s upbeat Bank of England inflation report....
Exchange Rate News: Yellen Comments Inspire Currency Movement Published: 12 Feb at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6453 After enjoying its strongest gains against the Euro for two-weeks, the Pound’s advance ended as investors speculated on the likely contents of the Bank of England’s inflation report. Sterling volatility is likely to occur today. US Dollar USD/GBP – Trading in the Region...
Exchange Rate News: US Dollar Declines Before Janet Yellen Speech Published: 11 Feb at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6426 The Pound was able to advance on several of its main currency counterparts overnight as annual like-for-like retail sales in the UK surged unexpectedly. However, Sterling gains were slightly limited as investors focused on tomorrow’s Bank of England inflation report. US...
Exchange Rate News: Pound Boosted, Euro Movement Likely Published: 10 Feb at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6324 After gaining on the US Dollar on Friday the Pound trimmed its advance ahead of the publication of the Bank of England’s quarterly inflation report on Wednesday. However, Sterling was then supported by the news that the Lloyds employment confidence report jumped from -12 to -2 in...
Exchange Rate News: US Employment Data In The Spotlight Published: 7 Feb at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6324 The Pound began European trading in a slightly stronger position against the US Dollar and Euro. However, disappointing UK industrial/manufacturing production figures knocked Sterling as the day continued. US Dollar USD/GBP – Trading in the Region of 0.6121 This week has...
Exchange Rate News: Pound And Euro Pressured Before Central Bank Meetings Published: 6 Feb at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6291 Before the Bank of England delivered its rate decision the Pound continued to trade lower against the US Dollar and Euro. Sterling experienced minimal movement after a report showed a stronger-than-forecast increase in UK house prices last month, but the currency could fluctuate if...
Exchange Rate News: New Zealand Dollar Climbs, Euro Struggles Published: 5 Feb at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6302 Although the Pound performed well yesterday as the UK construction sector surged unexpectedly, Sterling faltered today as services PMI failed to show the pace of expansion expected. US Dollar USD/GBP – Trading in the Region of 0.6130 The ‘Greenback’ recovered losses...
Exchange Rate News: 'Aussie' Surges, Pound Recovers Published: 4 Feb at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6285 Yesterday’s disappointing UK manufacturing report left the Pound struggling, but the British currency could recoup losses today thanks to uplifting construction data. UK construction PMI came in at 64.6 in January, up from 62.1 in December and considerably better than the forecast...
Exchange Rate News: Euro Rallies, Pound Falters, Aussie Stands Firm Published: 3 Feb at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6393 The Pound began local trading softer against the US Dollar and Euro as economists forecast that today’s report would confirm that the pace of expansion in the UK’s manufacturing sector slowed in January. A pleasantly surprising result could help Sterling recover losses, although...

Live Exchange Rates