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Tue 26 Sep 2017 06:42GMT

January 2017 News Archive

Archived Currency News...

Fresh Concerns over Consumer Spending Weigh on Pound Published: 30 Jan at 5 PM
Sterling The Pound (GBP) fell against the majority of its peers today as investors worried about a potential drop in consumer spending over the coming year. This was prompted by a warning from Weetabix that it would have to raise its prices this year due to the devaluation of Sterling since the Brexit vote. This follows a number of...
Pound Rally Dented by Brexit Bill Published: 26 Jan at 4 PM
Sterling The Pound (GBP) dipped against the majority of its peers this afternoon as the government prepared to rush its Article 50 bill through parliament. The draft legislation was published earlier today following the Supreme Court ruling on Tuesday that the government did not have to power to trigger Article 50 without the consent of...
Pound Slumped on Supreme Court Judgement, US Dollar Remains Soft Published: 24 Jan at 5 PM
Pound Sterling It was a volatile trading day for the Pound, which fluctuated sharply in the wake of the Supreme Court judgement on Article 50. While investors were reassured that the government would have to pass an Act of Parliament before formal exit proceedings from the EU can commence the verdict nevertheless put downside pressure on...
Pound Trends Higher as Markets Expect Government to Lose Court Battle Published: 23 Jan at 4 PM
Sterling The Pound (GBP) appreciated against the majority of its peers at the start of the week as analysts predicted that the UK government would lose its Supreme Court battle to trigger Article 50 when it releases its ruling tomorrow. Sterling sentiment rose as investors reacted positively to the possibility that the government will now...
Sturgeon Warns of Second Scottish Referendum, GBP Slides Published: 18 Jan at 4 PM
Sterling After peaking overnight on Tuesday the Pound (GBP) spent much of Wednesday tumbling against its peers as the positive sentiment towards Prime Minister Theresa May’s speech began to drop. Sterling began to fall this morning as the Scottish First Minister, Nicola Sturgeon warned that by leaving the single market the UK would face...
Pound Sterling Shattered by Brexit Fears, US Dollar Stable on Trump Week Published: 16 Jan at 5 PM
Pound Sterling (GBP) The prospect of a ‘Hard Brexit’, where the UK leaves the EU without keeping EU single market access, has severely limited interest in the Pound today, resulting in a crash across the board for Sterling. The catalyst for this latest shift is Prime Minister Theresa May’s planned speech for Tuesday, which is...
Heavy GBP Losses seen after Billions Added to UK Trade Deficit Published: 11 Jan at 11 AM
Pound Sterling (GBP) While the UK has been graced with positive production and construction output stats today, as well as a forecast that the Government will lose its Article 50 appeal, the Pound has nonetheless fallen heavily in value. As well as having to put out the political fires of the Northern Ireland Parliament after Martin...
Pound Sterling Plummets after PM May Sparks ‘Hard Brexit’ Fears Published: 9 Jan at 4 PM
Pound Sterling (GBP) Demand for the Pound has nosedived today, with Sterling diving across the board due to comments made over the weekend by Theresa May. Speaking on Sky, the Prime Minister offered vague and ambiguous statements about what she was aiming for with Brexit negotiations. Despite not specifying whether a ‘Hard Brexit’ was...
US Dollar Confidence Remains High despite First Trump Outburst of 2017 Published: 3 Jan at 5 PM
Pound Sterling (GBP) The Pound has been a mixed option during trading today, as while significant gains were recorded earlier on the back of manufacturing news, recurrent Brexit concerns have once again limited interest in the UK currency. The prior manufacturing-related data concerned December’s PMI, which beat predictions of stagnation...
Exchange Rate Update: Pound Fluctuates ahead of BoE Announcement Published: 30 Jan at 12 PM
Pound Sterling Although the UK published positive consumer confidence data on Friday, the Pound prepared to close out the week trending slightly lower against the Euro and in a narrow range against the US Dollar. Next week’s Bank of England interest rate decision could prove influential if the BoE follows the ECB, SNB, BOC and RBNZ and...
Forex News Now: US Dollar under Pressure ahead of FOMC Decision Published: 28 Jan at 2 PM
Pound Sterling The Pound advanced on the Euro on Wednesday as investors bet that Sterling’s GDP related slide was excessive. The British currency could gain on the US Dollar in the hours ahead if the Federal Open Market Committee is more cautious on the subject of interest rates. US Dollar Yesterday’s disastrous Durable Goods Orders...
Exchange Rates Today – GBP Trending Lower, USD Volatility Ahead Published: 27 Jan at 12 PM
Pound Sterling Sterling was struggling on Tuesday as the UK published below-forecast fourth quarter growth data. While there are still a couple of British reports to be aware of this week, in the days ahead GBP movement is more likely to be occasioned by global economic developments. US Dollar Ahead of the publication of highly...
FX News: Pound Stronger before GDP Data, Euro Fluctuates Published: 26 Jan at 11 AM
Pound Sterling Ahead of the publication of the UK’s fourth quarter growth data, the Pound was trending in a stronger position against the US Dollar and Australian Dollar. The British currency lost a little ground against the Euro as ‘Grexit’ concerns eased. If tomorrow’s report shows that the British economy expanded by more than...
AUD/USD at 5 1/2 Year Low, CAD Movement Likely Published: 23 Jan at 11 AM
Pound Sterling After the UK’s retail sales report showed a modest monthly increase in December rather than the decline anticipated the Pound gained on the majority of its rivals. Sterling remained slightly softer against the US Dollar as the ‘Greenback’ derived support from the risk-off environment created by the ECB’s policy...
CAD Broadly Softer after BOC Decision, Euro Volatility Expected Published: 22 Jan at 12 PM
Pound Sterling Although the UK’s public finance figures showed a widening in the budget deficit, the Pound was still able to record modest gains against peers like the US Dollar and Euro. Sterling was supported by a BoE official talking down UK inflation concerns. However, tomorrow’s UK retail sales report could see Sterling slide as a...
BoE Minutes Push Pound (GBP) Lower, Euro (EUR) Rises before ECB Published: 21 Jan at 1 PM
Pound Sterling The UK’s employment figures for the three months through November might have impressed, in the main, but the Bank of England’s dovish meeting minutes put Sterling under pressure and the British asset fell against almost all of its rivals. While the Pound went on to moderate its losses, the currency is likely to continue...
GBP/EUR, GBP/USD Stronger - More Pound Sterling Gains Ahead Published: 20 Jan at 5 PM
Pound Sterling The Pound spent Tuesday’s trading session advancing on peers like the US Dollar and Euro. Bets that tomorrow’s UK employment data will show a notable improvement in both unemployment and average earnings kept Sterling buoyed. If the data does impress, further Pound gains can be expected. US Dollar The International...
Exchange Rate News Today: GBP Strengthens, EUR Advances and US Dollar Holding Steady Published: 19 Jan at 2 PM
Pound Sterling (GBP) Exchange Rate Strengthens on Domestic Data After British house prices rose in January, the Pound strengthened versus the majority of its most traded currency rivals. The appreciation has been somewhat laboured, however, with the general election fast-approaching. Euro (EUR) Exchange Rate Advances on Pared QE...
Foreign Currency Update: US CPI in Focus, USD Movement Expected Published: 16 Jan at 2 PM
Pound Sterling The Pound maintained a bullish relationship with the Euro on Friday as demand for the common currency remained weak in the face of the Swiss National Bank’s controversial decision to remove its currency cap. Sterling could strengthen next week if the UK’s employment report prints positively. US Dollar Before the...
SNB Decision Prompts Massive Exchange Rate Movement Published: 15 Jan at 5 PM
Pound Sterling As the European session began, Britain’s soft house price data and concerns relating to the upcoming UK general election pushed the Pound lower against its peers. The GBP/EUR exchange rate, however, was able to surge to 1.31 following a shocking policy decision from the Swiss National Bank. US Dollar The US Dollar...
USD to Fluctuate on Sales Data, EUR Trending Lower, CAD Slumps Published: 14 Jan at 1 PM
Pound Sterling After several high profile UK officials highlighted the potentially positive impact of lower domestic inflationary levels the Pound advanced on peers like the Euro and US Dollar. Tomorrow’s RICS House Price balance report could cause some Sterling movement, but investors will be paying greater attention to any comments...
UK CPI Impacts GBP/USD Trading, Euro Trends at Nine-Year Low Published: 13 Jan at 12 PM
Pound Sterling While the Pound initially posted notable declines following the release of below forecast UK inflation data, various industry experts attempted to calm deflation fears and the British currency went on to recoup losses against rivals like the Euro as trading progressed. As influential economic reports for the UK are in short...
GBP Weaker on Inflation Speculation, EUR/USD at Nine-Month Low Published: 12 Jan at 2 PM
Pound Sterling Bets that tomorrow’s UK inflation report will show a slowing in consumer price gains pushed the Pound close to an 18-month low against the US Dollar on Monday. The British asset also struggled against the Euro in spite of European Central Bank stimulus speculation weighing on the common currency. The day’s only UK data,...
Forex News: Employment Data Causes CAD, USD Exchange Rate Declines Published: 9 Jan at 6 PM
Pound Sterling Unexpectedly strong UK trade and manufacturing data gave the Pound a boost on Friday. The GBP/EUR exchange rate moved back above 1.28 while the GBP/USD pairing gained by more than 0.4% over the course of the European session. Sterling could hold gains into next week if the UK’s Consumer Price Index shows the increase in...
Eurozone CPI Causes Euro Slide, US Dollar Exchange Rate Likely to Gain Published: 7 Jan at 12 PM
Pound Sterling Although today’s UK reports were of little note, the Pound continues to be pressured by yesterday’s concerning UK Services PMI. Tomorrow’s Bank of England interest rate decision is unlikely to inspire much Sterling movement as the central bank is largely expected to leave fiscal policy unaltered. US Dollar If...
UK Services Data Triggers Pound Declines, Australian Dollar Broadly Stronger Published: 6 Jan at 2 PM
Pound Sterling After the UK Services PMI printed below forecast levels, the Pound declined against all of its major currency peers. The disappointing ecostat upped the odds of the Bank of England (BoE) delaying an interest rate hike until 2016 and severely undermined demand for the Pound. Given that the BoE is unlikely to take any action at...
FX News: US Dollar Bullish, Euro at 9-Year Low Today Published: 5 Jan at 2 PM
Pound Sterling While the Pound continued trending in a stronger position against the Euro on Monday, the British currency softened against peers like the US Dollar and Australian Dollar after the UK’s Construction PMI report showed a sharp slowing in activity in December. If tomorrow’s UK Services gauge also inspires causes for concern,...
Exchange Rate News: Euro Falters, New Zealand Dollar Recovers Published: 31 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6456 This morning the Pound advanced on the Euro after UK consumer confidence hit its highest level since 2007. The British asset was little-changed against the US Dollar but may advance if today’s US personal consumption figures disappoint. US Dollar USD/GBP – Trading in the...
Exchange Rate News: US Dollar Stronger, Euro Recovers Ground Published: 30 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6511 The FOMC decision and better-than-expected employment data for Germany saw the Pound soften against the US Dollar and Euro. The British asset might recoup losses following the release of UK mortgage approvals data, but investors will also be looking ahead to tomorrow’s British...
Exchange Rate News: Pound Holding Steady, Aussie Stronger Before FOMC Published: 29 Jan at 11 AM
Pound Sterling GBP/USD– Trading in the Region 1.6595 The Pound was little-changed against its major peers as UK house price data showed that home values surged for a 13th month. Sterling continues to derive support from yesterday’s UK growth figures but has edged away from Tuesday’s highs. US Dollar USD/GBP – Trading in the...
Exchange Rate News: Pound Supported, Aussie Rebounds Published: 28 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6593 Before the publication of UK growth data the Pound was brushing a 2 ½ year high against the US Dollar. If the report confirms that the UK economy experienced its best year of growth since the onset of the financial crisis Sterling could extend gains. US Dollar USD/GBP – Trading...
Exchange Rate New: AUD/NZD Close To 8-Year Low Published: 27 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6515 With UK GDP data scheduled for release tomorrow the Pound was able to post a modest gain against the US Dollar. However, Sterling’s advance on the Euro was short lived as surprisingly strong German sentiment measures helped the common currency advance. US Dollar USD/GBP –...
Exchange Rate News: GBP/USD Climbs, AUD/USD Falls, CAD/USD Volatile Published: 24 Jan at 11 AM
Pound Sterling GBP/USD– Trading in the Region 1.6622 Although UK home loans figures fell short of estimates, BoE Governor Mark Carney’s inability to quell rate-increase speculation let the Pound advance to an over 2 and a half year high against the US Dollar. Sterling was also holding its own against the Euro. US Dollar USD/GBP...
Exchange Rate News: Euro Recovers Losses, Aussie Sheds Gains Published: 23 Jan at 12 PM
Pound Sterling GBP/USD– Trading in the Region 1.6455 The Pound shed gains against the Euro as the European session got underway and the common currency was boosted by impressive PMI reports for the Eurozone. Sterling extended declines as UK CBI reported sales figures showed a decline. US Dollar USD/GBP – Trading in the Region of...
Exchange Rate News: Pound And Aussie Benefit From Upbeat Data Published: 22 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6455 After beginning the day confidently against peers like the Euro the Pound is likely to go from strength to strength in the hours ahead as investors digest the unexpectedly strong UK employment figures. UK unemployment fell from 7.4 per cent to 7.1 per cent rather than easing down to...
Exchange Rate News: EUR Fluctuations Likely, NZD Rallies Published: 21 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6420 The Pound was little changed against the US Dollar this morning but was brushing a two-week high against the Euro on the expectation that today’s UK business optimism report will be positive. US Dollar USD/GBP – Trading in the Region of 0.6089 After trading in a narrow range...
Exchange Rate News: Pound Begins Week Stronger Against Euro And US Dollar Published: 20 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6443 As a Rightmove report showed that UK house prices climbed in January the Pound strengthened against the majority of its rivals. This week Wednesday’s UK employment data is likely to be the main driver of Sterling movement. US Dollar USD/GBP – Trading in the Region of 0.6089 A...
Exchange Rate News: Pound And US Dollar Gains Likely Published: 17 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6336 A stronger-than-anticipated UK retail sales report may help the Pound reverse recent declines against the US Dollar and Euro, and Sterling could end the week higher against its most traded peers. US Dollar USD/GBP – Trading in the Region of 0.6129 As it stands, the US Dollar...
Exchange Rate News: GBP/USD Softer, EUR/GBP Stronger Published: 16 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6336 An unexpected decline in UK house prices pushed Sterling lower during the European session, but if tomorrow’s retail sales figures show a stronger-than-forecast gain the Pound could recover losses before the weekend. US Dollar USD/GBP – Trading in the Region of 0.6122 The...
Exchange Rate News: EUR/USD Weaker, GBP/AUD Stronger Published: 15 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6400 This morning Sterling pared gains against the US Dollar as investors focused on a financial stability testimony due to be delivered by Bank of England Governor Mark Carney. The Pound continued to trade higher against the Euro. US Dollar USD/GBP – Trading in the Region of...
Pound Volatility Expected After UK Inflation Data, GBP/EUR, GBP/USD Published: 14 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6422 The Pound began the day slightly stronger against the US Dollar and Euro but went on to fluctuate following the release of UK inflation data. UK consumer prices rose by less-than-expected in December, climbing 0.4 per cent month-on-month rather than the 0.5 per cent expected. US...
Exchange Rate News: AUD/USD Stronger, GBP/EUR Weaker Published: 13 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6426 With UK retail sales and inflation data scheduled for publication this week the Pound is likely to experience considerable volatility over the next five-days. As it stands, the British asset is trading fairly strongly against the US Dollar but is slightly softer against the Euro....
Exchange Rate News: Pound Softer, US Dollar Stronger Published: 10 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6461 Although the Pound began the day positively, the British asset began to decline during European trading as industrial/construction/manufacturing reports failed to reach estimates. These disappointing results bring the UK’s fourth quarter growth into question and are likely to keep...
Exchange Rate News: CAD/USD At Four-Year Low, EUR/USD Recovers Published: 9 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6455 With the UK’s economic outlook brightening and the Bank of England expected to leave stimulus unchanged when it meets today the Pound approached a two-year high against the ‘Greenback’ and held its own against a fluctuating Euro. US Dollar USD/GBP – Trading in...
Exchange Rate News: AUD/NZD At Five Year Low, EUR Volatile, USD Bullish Published: 8 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6416 The Pound advanced yesterday thanks to an upbeat report from the British Chambers of Commerce. The British asset experienced modest movement as the European session kicked off and a report showed that UK house prices fell for the first time in 11 months but fluctuations were slightly...
Exchange Rate News: Pound Little Changed, Euro Stronger, Aussie Falls Published: 7 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6365 In spite of a report showing that the UK economic recovery is set to continue at an impressive pace, the Pound was little changed against the Euro and US Dollar having declined yesterday following the release of a slightly disappointing services report for the UK. US...
Exchange Rate News: Pound Weakens After Osborne Comments And PMI Published: 6 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6365 After putting in a mixed performance against its rivals last week the Pound edged lower as the European session began and investors digested remarks issued by the Chancellor of the Exchequer. Osborne implied that further spending cuts would be needed and Sterling slipped against the US...
Exchange Rate News: GBP/EUR Headed For Five-Day Gain Published: 3 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6443 As a UK house price report added to the argument that the robust property market is supporting Britain’s economic recovery, the Pound advanced on the Euro. Sterling is now heading for a third five-day gain against its European cousin. US Dollar USD/GBP – Trading in the...
Exchange Rate News: Euro Stronger, Pound Knocked By Manufacturing Figures Published: 2 Jan at 10 AM
Pound Sterling GBP/USD– Trading in the Region 1.6566 The Pound began the local session slightly stronger against the Euro but little-changed against the US Dollar. However, Sterling later shed gains against the common currency as UK manufacturing PMI unexpectedly slipped from a negatively revised 58.1 to 57.3 in December. US...

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