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

Fed Hike Speculation Rules USD, EUR, AUD, NZD

Pound Sterling An unexpected rise in consumer confidence and further ‘Brexit’ referendum interventions have helped the Pound strengthen against several of the majors, although equally large declines have been seen verses other peers. Consumer…

Inflation Data Drives GBP, USD and NZD

Pound Sterling Pound Sterling started the session in a strong position, but poor inflation figures and further ‘Brexit’ debates have since weakened the UK asset. Consumer prices printed below expectations, slowing to 0.3% on…

Pound and Euro Flat on Data-Light Monday

Pound Sterling (GBP) The Pound’s previous ‘Super Thursday’ strength seemed all but depleted during Monday’s session as a quiet data calendar and continued ‘Brexit’ rows saw it fluctuating in many pairings. Rightmove’s May house…

Pound Holds its Ground against EUR, USD Despite Near-Stagnant PMI

Pound Sterling (GBP) The Pound trailed lower against many major rivals on Thursday after the UK’s highly anticipated Services and Composite PMI releases printed worse-than-expected. Services disappointed forecasts of 53.5 by falling from 53.7…

Sterling Weakens as ?Brexit? Concerns Hit Manufacturing Sector

Pound Sterling (GBP) The Pound initially held its ground against many major peers during Tuesday’s session, but investors eventually began to react to poor Manufacturing PMI data released in the morning as reports circulated…