July 2017 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 July 2017. For current indicative exchange rates, use the currency converter.

GBP USD Strengthens Following Upbeat CBI Retail Data

Sterling The Pound (GBP) rallied against the majority of its peers in trade today as the CBI published some upbeat data regarding the UK’s recent retail sales growth. The CBI reported a notable uptick…

European Central Bank (ECB) Hints at QE Discussions in Autumn

Pound Sterling (GBP) The Pound tumbled on Thursday as investors reacted to June’s UK retail sales results. UK retail sales actually beat expectations in both major prints. Month-on-month retail sales improved from -1.1% to…

Pound Rallies on Hawkish Offering from BoE?s McCafferty

Pound Sterling (GBP) Sterling has risen by over 0.3% against the Euro and US Dollar today, thanks to words from Bank of England (BoE) policymaker Ian McCafferty. As well as stating that he will…

GBP Slides in Value after UK Construction Slows in June

Pound Sterling (GBP) A pair of disappointing UK activity measures have weakened the Pound this week, causing tight trading against the Euro and a decline against the US Dollar. As well as Monday showing…

Pound (GBP) Falls Limp as Investors Await June PMIs

Pound Sterling (GBP) After solid performance last week, Pound demand cooled on Monday as investors reacted to the first of Britain’s June PMIs from Markit. Markit’s latest UK manufacturing PMI was projected to slip…