Pound Sterling makes Half-Hearted Effort to Recover Gains
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…
February 2016 currency news archive
Exchange rate developments and the events behind them. Each report is dated so you can see when it was published.
These reports were published in February 2016. For current indicative exchange rates, use the currency converter.
USD/AUD Exchange Rate Forecast to Edge Higher Despite Disappointing US Services Data
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…
Stock Market Gains caused Heightened Trader Risk Appetite Today
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…
New Zealand Dollar (NZD) Softened by Disappointing Dairy Result, Canadian Dollar (CAD) Strengthens in spite of Oil Worries
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,…
Euro (EUR) Slumps on Weaker Eurozone GDP Results, Pound Sterling (GBP) Climbs with Correctional Trading
GBP Recovers Ground with Stronger Construction Output 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…
US Dollar (USD) Softens ahead of Yellen Comments, Pound Sterling (GBP) Makes Fresh Gains despite Disappointing Data
Weaker UK Production Data Fails to Dent GBP 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…
Continued Stock Market Turbulence Boosts US Dollar (USD), Commodity-Correlated Currencies (AUD, NZD) Trend Lower
GBP Struggles to Rally as Trade Deficit Narrows 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…