March 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 March 2016. For current indicative exchange rates, use the currency converter.

Three-Year-Low Service PMI Stokes Fears of Continued Pound Weakness

Pound Sterling Confirming investor fears, data from Thursday morning showed that Britain’s strong service sector was growing at an almost three-year-low pace in February. Output dropped by considerably more than analysts expected it would;…

Pound Strengthens on Wednesday despite Anticipated Services Losses

Pound Sterling Weak data dominated the UK’s latest releases on the 2nd. Following the 34-month low manufacturing PMI data released on Tuesday, weak construction data surprised investors with a lower-than-expected reading of 54.2, with…