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 July 2013. For current indicative exchange rates, use the currency converter.
Pound Sterling GBP/USD – Trading in the Region of 1.5014 Given the recent stream of positive UK data, the BoE’s dovish policy statement took markets by surprise. In response to hints that rates will…
A surprisingly dovish statement from the Bank of England saw the Pound plummet against the US Dollar, shedding 1.3 per cent. The rapid decline was the most significant for 18 months. Under the direction…
Pound Sterling GBP/USD – Trading in the Region of 1.5255 Yesterday’s stronger than forecast UK services PMI helped the Pound advance on several of its main counterparts. However, the British currency slid to an…
Yesterday ongoing speculation regarding the Federal Reserve’s intentions towards tapering quantitative easing saw Mexican Peso volatility hit an 11-month high. Recent positive US data, including yesterday’s better-than-expected gain in factory orders, has upped the…
Pound Sterling GBP/USD – Trading in the Region of 1.5162 Before UK services PMI data was published the Pound was trading in the region of a month low against the US Dollar and was…
Mark Carney’s first policy meeting as Governor of the Bank of England and the European Central Bank’s rate decision, both taking place on Thursday, might be the biggest pieces of European economic news scheduled…
Pound Sterling GBP/USD – Trading in the Region of 1.5220 Yesterday’s better than expected UK manufacturing data helped the Pound post modest gains against several of its peers. Although the British currency was little…
After gaining for two days, and rising close to a two-week high against the US Dollar, the Rupee weakened before the close of the local session. The Rupee dipped against its safe-haven American counterpart…
Pound Sterling (UK) GBP/USD – Trading in the Region of 1.5219 Last week the Pound broadly softened after Mervyn King, former Governor of the Bank of England, stated that the UK economy isn’t strengthening…