Archived Currency News...
Pound Sterling (GBP) Bounces from Lows but Unlikely to Hold
Published: 27 Sep at 5 PM
Pound Sterling (GBP)
The Pound rebounded from its lows on Tuesday afternoon after spending most of the day trending limply, as investors capitalised on the day’s quiet economic calendar by buying the currency up from its cheapest levels.
In what analysts suggest could be a ‘dead cat bounce’, Sterling’s Tuesday advances may not...
GBP/USD Exchange Rate Makes Small Gains As Fed Postpones Rate Hike
Published: 22 Sep at 10 AM
The Pound (GBP) continued to fall against most of the majors yesterday amid continuing ‘Brexit’ fears. Sterling came under pressure amid concerns that UK growth could be hit by a perceived ‘hard Brexit’, as the government appears to be indicating that it will pursue tighter immigration controls over access to the single...
Sterling Continues Falling as GBP/NZD Reaches Record Low
Published: 21 Sep at 10 AM
Uncertainty over ‘Brexit’ is adding further pressure to the Pound as the GBP/EUR exchange rate hit a new monthly low. Meanwhile, despite a slight recovery earlier in September, GBP/NZD dropped to an all-time low.
Sterling (GBP) is struggling to make gains against the other majors amidst ongoing fears over ‘Brexit’. Recent...
Pound Sterling (GBP) Remains Close to Recent Lows
Published: 20 Sep at 12 PM
The Pound (GBP) rose slightly against many of the majors on Monday after a sharp downward turn last Friday but remained close to recent lows against rivals like the Euro and US Dollar.
Sterling was weakened late last week on the news that the Bank of England Governor Mark Carney had suggested that the interest rate might be cut...
Pound Sterling Rallies on Low Data Day, US Dollar Trends Narrowly ahead of Key Fed Speech
Published: 12 Sep at 5 PM
Despite a slow start to the day demand for the Pound picked up over the course of Monday’s European session. The British Chambers of Commerce lowered its growth forecasts amidst fresh warnings over the potential detrimental impact that the Brexit vote will have on the UK economy. Even so, this was not enough to dampen the...
Pound (GBP) Soars Thanks to Surprisingly Strong Manufacturing Data
Published: 1 Sep at 2 PM
Pound Sterling (GBP)
The Pound soared across the board on Thursday morning, following the publication of Markit’s August UK Manufacturing PMI. The figure indicated that UK sentiment was quickly recovering from the shock of the Brexit vote after July’s more dire-than-expected ecostats.
Even though earlier August data had indicated...
Send Money to Canada, Europe, US, Australia and New Zealand Related Exchange Rate News
Published: 3 Sep at 9 AM
Things have not improved for the Pound today as the UK Construction PMI followed the lead of yesterday’s Manufacturing figure, falling short of forecast at 57.3 to demonstrate weaker-than-anticipated growth in the sector. Undermining the more optimistic tilt of recent commentary from Bank of England (BoE) Governor Mark Carney, this hampered...
FX UPDATE: RBNZ Intervention Causes NZD AUD Exchange Rate Losses
Published: 29 Sep at 1 PM
Pound Sterling GBP
On Monday the Pound was trading in a slightly softer position against the Euro and US Dollar but was holding its own against both the ‘Aussie’ and a broadly softer ‘Kiwi’. Sterling faltered following the publication of slightly disappointing UK Mortgage Approvals and Consumer Credit figures, but the British asset...
Exchange Rate News Today: GBP Trending Lower on Profit-Locking, EUR Bearish and USD Bullish
Published: 25 Sep at 11 AM
Pound Sterling (GBP)
With an absence of any fresh British economic data on Wednesday the Pound struggled to build upon its recent gains. The Unionist victory in the Scottish independence referendum sent Sterling higher in the early half of the week, but trader profit locking has curtailed any potential gains.
Later on Thursday afternoon...
GBP Fluctuates as UK Data Disappoints, EUR Little Changed, USD Trending Lower
Published: 23 Sep at 6 PM
Pound Sterling GBP
The Pound experienced a patchy trading session on Tuesday as the UK’s public finance figures fell flat, the situation in Syria sparked risk aversion and investors locked in profits following last week’s referendum. While Sterling was trending higher against the Australian Dollar and New Zealand Dollar, it lost ground...
GBP/AUD, GBP/NZD Exchange Rate News, Plus EUR, USD Forex Update
Published: 16 Sep at 7 PM
Pound Sterling GBP
With the Scottish referendum fast approaching and the UK’s Bank of England meeting minutes due for publication tomorrow, the Pound was under pressure for much of the European session. The GBP/USD and GBP/EUR exchange rates also declined in response to a slowing in the rate of UK Consumer Price Inflation. With the pace of...
FX Outlook: GBP Stronger Before Referendum, USD Supported by Rate Bets
Published: 15 Sep at 1 PM
Pound Sterling GBP
On Monday the Pound was able to strengthen against some of its most traded peers as the several Scottish independence polls indicated that Scotland will remain part of the UK following this week’s referendum. Sterling was also boosted by the news that house prices rose again in September. As the threat of an...
AUD, ZAR Exchange Rates End Week Lower, GBP Recovers, USD Bullish
Published: 12 Sep at 10 AM
Pound Sterling GBP
Before the publication of the UK’s Construction Output figures, the Pound was trending in a narrow range against peers like the US Dollar and Euro. Sterling was enjoying a bullish relationship with a struggling ‘Aussie’ and was also slightly stronger against the New Zealand and Canadian Dollars.
Pound (GBP) Firm Following Carney Speech, Euro (EUR) Weakened, Canadian Dollar (CAD) Drops
Published: 10 Sep at 11 AM
The Pound (GBP) is trending higher against other majors on Wednesday after statements made by the Governor of the Bank of England, Mark Carney, inspired optimism around the much debated topic of interest rate hikes. Sterling saw gains yesterday after Carney announced that he envisaged interest rates being hiked in the spring....
Pound (GBP) Slumps, New Zealand Dollar (NZD) Climbing, Rand (ZAR) Awaiting Current Account
Published: 8 Sep at 11 AM
The Pound (GBP) is trading amid anticipation of the Scottish Referendum results scheduled to take place on September 18th in which Scottish residents will vote for independence from the UK. With the latest YouGov poll suggesting 51% of Scots are in favour of independence, the Pound has tumbled in a rapidly against other majors....
ECB Announcement Rocks Market, Euro (EUR) Lower, US Dollar (USD) and ‘Aussie’ (AUD) Firm
Published: 5 Sep at 3 PM
The Pound (GBP) is presently trading at 1.6320 on Friday versus the US Dollar (USD), with the exchange rate dipping to lows of 1.6284 thus far. The Pound slid further in the currency market yesterday following the revelation by the Bank of England that interest rates would remain at their current lows of 0.50% for what is now...
Pound (GBP) And Euro (EUR) Awaiting Central Bank Meetings, US Dollar (USD) Bullish
Published: 4 Sep at 11 AM
The Pound (GBP) is presently trading at 1.6454 versus the US Dollar (USD) ahead of the Bank of England’s (BoE) Interest Rate Decision at Midday today. The Bank of England is expected to keep interest rates on hold at the present low of 0.50% whilst the UK economy tightens slack. The last meeting found a split vote for the...
Pound (GBP) Climbing Following Upbeat PMI, ‘Aussie’ (AUD) Tumbling, ‘Buck’ (USD) Awaits Data
Published: 3 Sep at 1 PM
The Pound (GBP) is presently trading at 1.6561 against the US Dollar (USD), slightly lower than yesterday when the US market was closed for the Labour Day holiday. The UK has seen the release of the Markit Manufacturing PMI, which was expected to contract in August to attain 61.5, less than July’s 62.4; however, the published...
Monday’s Exchange Rates- Euro (EUR) Flat, Australian Dollar (AUD) Firm, Pound (GBP) Gaining
Published: 1 Sep at 12 PM
The Pound (GBP) is presently trading at 1.6627 against the US Dollar (USD) on Monday, after Sterling made gains against the ‘Buck’ which has taken a momentary pause in its rally. As speculation heats up as to who will be the first to hike interest rates among the developed nations, the Pound to US Dollar exchange rate is...
Yen Gains (USD/JPY) And Ruble Falls (USD/RUB) As Shutdown Concerns Intensify
Published: 30 Sep at 5 PM
As the Fed’s deadline for reaching an agreement regarding the US budget approaches, concerns that a non-agreement could result in the first government shutdown in nearly twenty years saw investors turn from higher-risk assets and flock to safer bets like the Japanese Yen.
Consequently, the Yen posted broad-based gains overnight and...
Potential US Federal Shutdown Sees Aussie, Kiwi And Euro Fall
Published: 30 Sep at 10 AM
GBP/EUR – Trading in the Region of 1.1955
The Pound extended its advance on the Euro and strengthened against the US Dollar as UK house prices were shown to have jumped by the most for six years. Sterling could see additional movement following the publication of UK mortgage approvals data, but US news will remain firmly...
Rupee Falls Against US Dollar (USD/INR) Before Current Account Deficit Report
Published: 27 Sep at 2 PM
Since taking on the role of Governor of the Reserve Bank of India, Raghuram Rajan certainly hasn’t been sitting on his laurels. After making some rather provoking statements regarding his policy intentions, Rajan shocked markets by issuing a surprise rate increase at his first central bank meeting.
And with Rajan linking interest rates...
Exchange Rate News: Euro, Pound, US Dollar, Australian Dollar
Published: 27 Sep at 10 AM
GBP/EUR – Trading in the Region of 1.1912
As the weekend approached the Pound enjoyed a surge against the majority of its main rivals as Bank of England Governor Mark Carney asserted that there is no need for additional easing and a gauge of UK consumer confidence rose close to a six-year high. A separate report also...
Yen (USD/JPY) And Pound (GBP/USD) Soften
Published: 26 Sep at 5 PM
After gaining on the US Dollar throughout the week as Federal budget fears pushed investors towards safe-haven assets, the Yen snapped its bullish run.
Speculation surrounding the likelihood of Japan’s government cutting corporate taxes lessened the currency’s appeal during Australasian trading and the Yen shed 0.5 per cent against...
UK And US Growth Data Could See The Pound And US Dollar Gain GBP/EUR USD/EUR
Published: 26 Sep at 10 AM
GBP/EUR – Trading in the Region of 1.1897
If today’s UK growth report confirms expansion of 0.7 per cent in the second quarter the Pound could consolidate gains against peers like the US Dollar and Euro. As it stands, the British asset is trading close to an eight-month high against the ‘Greenback’ and an over...
CAD/USD Falls But EUR/USD Climbs As US Budget Concerns Grow
Published: 25 Sep at 5 PM
As the US is the world’s largest economy, any major developments trigger extensive volatility in the currency markets. Significant fluctuations occurred in response to fiscal cliff concerns and Federal Reserve tapering speculation, and now fears that US budget discussions could end in a government shutdown have left the ‘Loonie’...
Exchange Rate Outlook: GBP/EUR, USD/EUR, NZD/USD
Published: 25 Sep at 10 AM
GBP/EUR – Trading in the Region of 1.1859
With Bank of England officials asserting that the UK economy is still in the early stages of recovery, Sterling lost ground against peers like the US Dollar and Euro. The British asset could experience slight fluctuations today in response to CBI reported sales figures, but...
USD/GBP And USD/EUR Fluctuate As Fed Speculation Dominates
Published: 24 Sep at 5 PM
The US Dollar fluctuated today as Federal Reserve tapering speculation continued to dictate market movement, with the ‘Greenback’ alternately posting declines and gains.
Yesterday, Fed officials lowered the odds of stimulus being trimmed next month as they pledged their support for US easing remaining accommodative, and today...
Exchange Rate News For US Dollar, Euro, Pound Sterling And Canadian Dollar
Published: 24 Sep at 10 AM
With the expectation that Thursday’s UK growth data will show that the nation’s economy expanded by 0.7 per cent in the second quarter lending the Pound support, Sterling began the European session slightly stronger against the US Dollar and Euro. The British asset experienced modest movement after UK loans for house...
Mexican Peso Climbs As Retail Sales Increase And US Dollar Drops (USD/MXN)
Published: 23 Sep at 5 PM
For the first time in several days Mexico’s Peso was able to post a notable gain on the US Dollar.
The South American asset strengthened to 12.7936, ending a two-day losing streak, as Mexico’s retail sales were shown to have jumped by 1.3 per cent in July, year-on-year – significantly better than the gain of 0.5 per cent expected by...
Exchange Rates Outlook for Pound Sterling, Dollar, Euro, Aussie & Kiwi Dollars
Published: 23 Sep at 10 AM
With UK news a little lacking for the first half of the week, Pound movement may be inspired by data from the US and Eurozone. While the German election result prompted declines in the GBP/EUR pairing, Sterling was slightly stronger against the US Dollar as the market weighs the odds of the Federal Reserve tapering stimulus....
Rupee Drops On Surprising RBI Decision, US Dollar Rallies
Published: 20 Sep at 5 PM
India’s Rupee weakened against its peers during the local session as the Reserve Bank of India took the unexpected step of raising interest rates in order to safeguard the nation’s economy from the adverse effects of inflation.
The RBI policy meeting was the first since Raghuram Rajan took over as Governor, and although economists...
EUR/USD At Seven-Month High, GBP/USD Slips From Eight-Month High
Published: 20 Sep at 10 AM
After the publication of disappointing UK retail sales figures Sterling lost ground against several of its most traded peers. With UK public finance data also failing to live up to expectations the British asset could decline further in the hours ahead.
GBP/EUR – Trading in the Region of 1.1869
Ruble (RUB) Rupee (INR) And Rand (ZAR) Advance As US Dollar Drops
Published: 19 Sep at 4 PM
Russia’s Ruble is in line to record its most significant run of advances against the US Dollar on record as the pressure of Fed speculation and the US central bank’s decision to refrain from tapering for the foreseeable future piled pressure on the ‘Greenback’ over the last 10 days.
After advancing by 0.7 per cent against the US...
Fed Tapering U-Turn Causes Major Movement - USD/GBP USD/EUR Decline
Published: 19 Sep at 10 AM
Ahead of the publication of UK retail sales data the Pound was trading in the region of an eight-month high against the US Dollar after the GBP/USD pairing jumped by the most for three-years in the wake of the FOMC announcement. With retail sale growth slowing in August by more than expected the Pound could pair gains in the...
USD/GBP Weaker As Fed Decision Looms
Published: 18 Sep at 5 PM
After what feels like months of waiting, the Federal Open Market Committee announcement is just hours away.
By 19:30 GMT the world will know whether the Fed will taper stimulus, and how much it plans to trim easing by.
Investor anxiety regarding the decision has led to market volatility over the last few days, and the US Dollar has...
BoE Minutes Could Trigger Pound Movement GBP/EUR GBP/USD
Published: 18 Sep at 10 AM
Today Sterling movement is likely to occur in reaction to the Bank of England’s policy meeting minutes. Signs of unity within the Monetary Policy Committee and indications that the UK economic recovery is progressing well could help the Pound extend recent gains against the US Dollar and recover losses against the Euro....
US Dollar At 8-Month Low Ahead Of Fed Decision GBP/USD
Published: 17 Sep at 10 AM
As the European session opened the Pound was trading in the region of an eight-month high against the US Dollar. With UK inflation slowing to 2.7 per cent in August year-on-year (as expected by economists) Sterling could experience modest additional movement as trade progresses.
GBP/EUR – Trading in the Region of...
Rupee Hits Four-Week High Against US Dollar USD/INR
Published: 16 Sep at 5 PM
After months of persistent Rupee weakness the Indian asset finally seems to be enjoying some respite. Over the last few weeks statements released by the new Governor of the Reserve Bank of India, coupled with developments in the US, have seen the Rupee recover lost ground and today the currency was able to achieve a month high against its US...
Shock US Fed News Sees US Dollar Tumble USD/GBP USD/EUR
Published: 16 Sep at 10 AM
After posting significant five-day gains against rivals like the US Dollar and Euro last week the Pound began the European session in a strong position. Sterling volatility may be limited ahead of tomorrow’s UK producer and consumer price indexes.
GBP/EUR – Trading in the Region of 1.1928
UK Construction Pushes GBP/USD To 7-Month High
Published: 13 Sep at 5 PM
At the close of an upbeat week for the UK, the Pound is trading close to a seven-month high against its US counterpart.
Sterling broadly strengthened over the course of the week as Mark Carney, Governor of the Bank of England, asserted that BoE stimulus is helping to boost the UK economy. Domestic employment data also significantly...
Pound Heading For Weekly Gain on Euro And US Dollar GBP/EUR GBP/USD
Published: 13 Sep at 10 AM
After a week of positive UK news the Pound began Friday on a high, as a better-than-forecast UK construction report saw Sterling extend its five-day gain against the Euro and US Dollar.
GBP/EUR – Trading in the Region of 1.1896
USD/EUR – Trading in the Region of 0.7528
Hopes that the US retail sales...
Thai Baht Hits Three-Week High (USD/THB)
Published: 12 Sep at 5 PM
With the US Dollar fluctuating in response to mixed views regarding the prospect of the Federal Reserve tapering stimulus when it meets next week, the Thai Baht was able to brush a three-week high against the ‘Greenback’.
This week the Baht has enjoyed its longest consecutive run of advances for over six months as the appeal of the...
Aussie Drops As Unemployment Climbs AUD/USD, Kiwi Rallies NZD/USD
Published: 12 Sep at 10 AM
Yesterday’s stronger-than-anticipated UK employment figures saw the Pound rally against its rivals. The most influential UK news on the cards for today will be Bank of England Governor Mark Carney’s testimony to Parliament.
GBP/EUR – Trading in the Region of 1.1869
USD/EUR – Trading in the Region of...
Euro To Pound (EUR/GBP) Exchange Rate Close To Nine- Month Low
Published: 11 Sep at 4 PM
With all signs pointing to the UK’s economic recovery gathering momentum, the Pound has posted widespread gains. Conversely, caution regarding the fragility of the Eurozone’s economic recovery has weakened the common currency over the last week and today the Euro brushed a nine-month low against in British rival.
Early into the...
Pound Advances Likely As Unemployment Falls GBP/EUR GBP/USD
Published: 11 Sep at 10 AM
Before the release of UK employment figures the Pound little changed against rivals like the US Dollar and Euro. However, with UK jobless claims dropping by more than expected and the nation’s economy adding more positions than forecast Sterling is likely to climb in the hours ahead.
GBP/EUR – Trading in the Region of...
Potential Syria Solution Weakens US Dollar, USD/GBP And USD/EUR Decline
Published: 10 Sep at 1 PM
The US Dollar has been on the back foot since last week and the release of disappointing employment data for the world’s largest economy. With the number of positions increasing by significantly less-than-expected, the likelihood of the Federal Reserve opting to taper stimulus when the Federal Open Market Committee meets this month...
GBP/USD Hits 12-Week High, Syria Developments Trigger Movement
Published: 10 Sep at 10 AM
After Chancellor of the Exchequer George Osborne stated that the UK economy had turned a corner the Pound broadly strengthened. The British asset was also supported by the expectation that tomorrow’s domestic employment report will show progress and Sterling advanced to a 12-week high against the US Dollar.
Yen Weakens USD/JPY But Loonie Climbs CAD/GBP On Strong Domestic Data
Published: 9 Sep at 4 PM
With Tokyo securing the Olympics for 2020 and the Japanese economy expanding more than originally forecast, it seems that the Abenomics approach adopted by Prime Minister Shinzo Abe is having the desired effect.
As Japan’s economy was shown to have expanded by 3.8 per cent in the second quarter from the first, improving optimism...
US Dollar Recovers Losses, GBP/EUR Movement Likely
Published: 9 Sep at 10 AM
The Pound began the week trading close to a seven-month high against the Euro. An absence of pertinent domestic economic news may limit Sterling fluctuations during the local session. However Chancellor of the Exchequer George Osborne’s speech regarding the UK’s austerity measures will be of interest.
US Dollar Drops As Employment Figures Disappoint, GBP/EUR At Seven Month High
Published: 6 Sep at 4 PM
All week investors have been waiting for the US non-farm payrolls report. It was hoped by some that the data would show a strong improvement in US employment and add to the case for the US Federal Reserve tapering stimulus this month.
However, not only did the US economy add less jobs than expected in August, July’s figure was also...
Pound (GBP) Set For 5-Day Gain Before US Employment Data
Published: 6 Sep at 10 AM
Following the European Central Bank and Bank of England rate decisions the Pound approached its highest level against the Euro since early May. The British asset also strengthened against the US Dollar. While this morning’s industrial/manufacturing data could impact Sterling, investors will be focusing on today’s big US...
US Dollar At 6-Week High Against Euro USD/EUR
Published: 5 Sep at 12 PM
With the US economic recovery appearing well underway and the odds of the Federal Reserve reigning in quantitative easing increasing with every piece of positive data, the ‘Greenback’ is enjoying a bullish relationship with several of its most traded peers.
As well as strengthening beyond 100 Yen per Dollar for the first time since...
Currencies Tense Ahead Of ECB And BoE Rate Decisions
Published: 5 Sep at 10 AM
GBP/EUR – Trading in the Region of 1.1837
This week’s better-than-forecast UK data is keeping the Pound buoyed against peers like the Euro this morning. Today Sterling volatility is likely to occur in response to the Bank of England’s rate decision.
USD/EUR – Trading in the Region of 0.7595
Indian Rupee Rebounds (USD/INR) As RBI Gets New Governor
Published: 4 Sep at 5 PM
A surge in the UK services industry helped the Pound consolidate recent gains against the Euro and trade in the region of a three-month high against its European cousin.
The British asset was also able to advance against the US Dollar for a third day as a result of the surprise rise in the UK services gauge.
Services PMI rose from...
Aussie (AUD) Recovers Losses While Pound (GBP) Continues to Climb
Published: 4 Sep at 10 AM
GBP/EUR – Trading in the Region of 1.1835
With data published this morning revealing that the UK services sector expanded by more than expected in August the Pound is likely to consolidate and extend gains in the hours ahead.
USD/EUR – Trading in the Region of 0.7591
Anticipation surrounding this week’s...
Israeli Missile Test Pushes US Dollar To Seven-Week High
Published: 3 Sep at 5 PM
Ahead of the release of an influential manufacturing report for the US, the nation’s Dollar climbed against its rivals, hitting a seven-week high against the Euro.
However, the ‘Greenback’ fluctuated against the Yen as Middle Eastern tensions erupted once more and investors briefly flocked to safe-haven assets.
UK Construction Surge Sees GBP/EUR Soar, US Dollar Fluctuations Likely
Published: 3 Sep at 10 AM
GBP/EUR – Trading in the Region of 1.1817
The Pound began the European session trading against the Euro in the region of a two-month high, and the British asset is likely to enjoy an additional surge against its European rival in the hours ahead as UK construction data smashed estimates.
USD/EUR – Trading...
Turkish Lira Climbs as Threat of Syrian Strike Fades, Pound Advances
Published: 2 Sep at 4 PM
Overnight commodity-driven currencies, including the Australian Dollar and South Africa Rand, strengthened against their peers as China’s manufacturing sector expanded in August, boosting global trade prospects.
And as the local session progressed on Monday emerging market assets like the Turkish Lira gained as fears of an imminent...
Strong UK Data Helps Pound (GBP/EUR) Hit Multi-Month Highs
Published: 2 Sep at 10 AM
GBP/EUR – Trading in the Region of 1.1766
A report showing that UK house price growth increased last month coupled with the expectation of positive UK manufacturing data boosted the Pound and saw the British asset trading in the region of a two-month high against the Euro as the European session got underway. Sterling’s...