SendMoney.org.uk

Compare exchange rates, send money abroad and online

Tue 19 Mar 2024 11:21GMT

October 2016 News Archive

Archived Currency News...

Pound (GBP) Soars as Brexit Hopes Return as EU Looks to Break Deadlock Published: 21 Oct at 5 PM
<h3>Pound (GBP) </h3> Sterling soared against many of its peers after the European Union (EU) appeared to make a U-Turn on Brexit talks, with Michel Barnier, the EU’s Chief Negotiator, suggesting a way of unlocking the deadlock in Brexit talks. A spokesman for Downing Street said: ‘We note with interest that the EU's...
Pound (GBP) Rises on Hopes of Brexit Deal Published: 19 Oct at 4 PM
<h3>Pound (GBP)</h3> The Pound (GBP) rose against many of its peers today on growing hopes that a post-Brexit trade deal between the UK and the EU is altogether possible, despite Prime Minister Boris Johnson’s hints that he would prefer an Australia-style Brexit. The European Commission’s vice president Marco Sefcovic...
Pound (GBP) Rises Despite BoE Talk of Negative Interest Rates Published: 12 Oct at 5 PM
<h3>Pound (GBP) </h3> The Pound (GBP) edged higher today after Prime Minister Boris Johnson revealed a new three-tier system to curb the spread of Covid-19. Mr Johnson said: ‘We want to create the maximum possible local consensus behind this more severe local action, so in each area, we will work with local government...
Markets Calm and Return to Riskier Assets as US President Trump Discharged from Hospital Published: 6 Oct at 4 PM
Pound Sterling (GBP) The Pound saw yet another volatile session today. For much of the day it was pushed lower by concerns over pandemic-influenced job layoffs. In the afternoon however, Sterling was boosted by reports that the latest UK-EU Brexit negotiations had been productive, and that big progress had been made. No notable UK data...
Fears of Brexit No-Deal Outcome Hits Sterling but Negotiations Still Being Closely Watched Published: 1 Oct at 3 PM
Pound Sterling (GBP) After hoping for much of the week that UK-EU Brexit negotiations could end with a breakthrough or extension this week, fears of a no-deal outcome surged today. Investors were volatile on the Pound on speculation that negotiators still remained far from agreement. Reaction to how the final round of negotiations unfolds...
Pound (GBP) Steady on General Election Uncertainty Published: 29 Oct at 5 PM
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) held steady against many of its competitors today after Labour leader Jeremy Corbyn confirmed that he would back Prime Minister Boris Johnson’s general election bill. However, after the Government was defeated on Creasy’s amendment, UK markets are remaining cautious as Boris...
Forex Markets Eagerly Awaiting Saturday’s Brexit Showdown for British Pound Outlook Published: 18 Oct at 3 PM
Pound Sterling (GBP) The Pound’s movement remained volatile until the end of the week. While relief over a new UK-EU Brexit deal helped the Pound to sustain gains throughout the week overall, uncertainty persists over whether the deal will actually be able to make it through UK Parliament. Parliament will hold its anticipated vote on...
Sterling (GBP) Rallies as ‘Everything Should be Clear’ By Tonight Published: 16 Oct at 5 PM
<h2>Pound Sterling (GBP) Jumps as ‘Everything Should be Clear’ by Tonight</h2> The Pound rebounded on Wednesday afternoon as Brexit optimism buoyed the British currency after President of the European Council, Donald Tusk said that ‘everything should be clear’ by tonight. While Downing Street said there was ‘more...
Sterling (GBP) Jumps as PM and Varadkar See ‘Pathway’ to Brexit Deal Published: 10 Oct at 5 PM
<h2>Pound Sterling (GBP) Edges Higher as PM and Varadkar ‘See a Pathway to a Possible Deal’</h2> Sterling (GBP) was left under pressure on Thursday as data revealed that while UK GDP slumped -0.1% in August, in the three months to August the economy expanded by a better-than-expected 0.3%. Meanwhile, GBP slipped ahead of...
British Pound Plummets Versus Majors as UK-EU Brexit Talks May Collapse Published: 8 Oct at 3 PM
Pound Sterling (GBP) The Pound plummeted across the board today, as the latest Brexit developments worsened concerns that a Brexit deal was seen as increasingly unlikely. UK-EU Brexit negotiations appeared close to breaking down following a talk between UK Prime Minister Boris Johnson and German Chancellor Angela Merkel. UK officials...
Brexit Uncertainty and Construction Downturn Sends Sterling (GBP) Lower Published: 2 Oct at 11 AM
<h2>Pound Sterling (GBP) Falls as Brexit Uncertainty Plagues Construction Sector</h2> On Wednesday, Sterling was left under pressure as data revealed the UK construction slump worsened as Brexit uncertainty plagued the sector. The PMI plummeted further into contraction, with September’s reading the second worse since the...
Pound Sterling Exchange Rate News: GBP Rises on EU Concession Hopes Published: 23 Oct at 4 PM
Pound Sterling (GBP) After a lacklustre start, the Pound has picked up and risen against most of its currency peers today including the Euro and the US Dollar. This appreciation follows reports that the EU will offer the UK a nationwide customs union agreement; this supposed offering could lead to a long-awaited breakthrough in Brexit...
GBP Exchange Rates Climb on BoE Rate Hike Prospects Published: 30 Oct at 5 PM
GBP Exchange Rates Soar on BoE Rate Hike Anticipation The Pound hit the ground running on Monday, filled with fresh vigour regarding the possibility of a rate hike on Thursday from the Bank of England (BoE). Markets have all but priced in a rate hike, with last week’s better than forecast UK GDP print proving the deciding factor...
Political Concerns Take Focus as Brexit Jitters Keep Pressure on Pound (GBP) Published: 23 Oct at 4 PM
Pound Sterling (GBP) After its surge on Friday, the Pound saw slower movement on Monday. The British currency avoided shedding much of its recent gains due to lasting hopes that Brexit negotiations would soon progress enough to lead to the second phase of talks – including UK-EU trade. While investors were still a bit more optimistic...
Rising Concerns about Brexit Bridging Deal Drag GBP Down Published: 23 Oct at 2 PM
Pound Sterling (GBP) A morning of concerning UK news has led to the Pound declining in some pairings, although a 0.4% rise against the Euro has still been seen. Pound traders have been unsettled by a recent letter from the heads of UK business organisations, which have urged the government to secure a transitional Brexit deal. There...
EU Gives Trade-Talk Preparations Green Light, GBP Soars Published: 20 Oct at 5 PM
Pound (GBP) Rallies as EU Prepares for Post-Brexit Trade Talks The Pound rallied against majors today as Brexit negotiations were deemed to have demonstrated progress. Following the European Council Summit, Donald Tusk (European Council President) announced that he has given the green light for leaders to begin preparations to begin...
Pound Retreats as UK Retail Sales Dampen Hopes of BoE Rate Hike Published: 19 Oct at 3 PM
Sterling The Pound (GBP) slumped further against most of its peers today as investors reacted to the UK’s disappointing retail sales data. According to data released by the Office for National Statistics (ONS) retail sales fell sharply last month, plunging from 0.9% to -0.8% and falling well below expectations. Most of Sterling...
Daily Currency Update: Pound Turns Volatile on Hopes and Fears for Brexit Published: 13 Oct at 1 PM
Pound Sterling (GBP) The Pound’s rollercoaster movement today has come from varying responses to a flood of Brexit news, which started on Thursday. At a joint press conference between David Davis and Michel Barnier, the two top negotiators gave contrasting reports. Davis struck an optimistic tone, but Barnier warned about...
Mixed UK Ecostats Fail to Help Sterling (GBP) Hold Against Strengthening Euro (EUR) Published: 11 Oct at 3 PM
Pound Sterling (GBP) Sterling slipped against most major rivals during Wednesday trade due to a lack of fresh reasons to buy the currency. It recovered on Monday due to political news, but as Tuesday’s UK ecostats were mixed its recovery quickly ran out of steam, leaving it weaker on Wednesday. Britain’s manufacturing and industrial...
Euro in Low Demand after Shock German Data Drop Published: 31 Oct at 4 PM
Pound Sterling (GBP) Confidence in the UK economy and the Pound has been severely rattled during trading today, owing to widespread speculation about Bank of England (BoE) Governor Mark Carney’s future. Carney’s tenure at the BoE had previously been questioned due to Theresa May’s criticism of the central bank after becoming Prime...
Daily Currency News for GBP, EUR, USD - ECB Rate Decision Ahead Published: 20 Oct at 10 AM
Sterling The Pound (GBP) was largely able to hold its ground against the other majors yesterday as high employment data prevented Sterling from ceding gains from Tuesday’s High Court ruling. UK unemployment data remained at 4.9% - the lowest rate in a decade - as 106,000 Britons joined the workforce. While The Pound was strengthened by...
Pound Under Pressure as Signs of Brexit Price Inflation Begin to Emerge, Euro on Weaker Footing Published: 13 Oct at 4 PM
Pound Sterling Trade on the Pound has been decidedly volatile on Thursday, with Sterling failing to derive particular support from a better-than-expected RICS House Price Balance. While the domestic housing market showed further signs of recovering from the uncertainty that followed the referendum result investors remained primarily...
Sterling Remains Soft after MP Vote on ?Brexit? is Blocked Published: 10 Oct at 4 PM
Pound Sterling (GBP) The latest news out of the UK has been negative, with the Pound falling back to opening lows against the Euro, US Dollar and most other major rivals. This depleted state was initially caused by a ‘flash crash’ on Friday, and has since been worsened by the news that MPs will be unable to vote on ‘Brexit’...
GBP/EUR at Five Year Low, US Fed Hike Bets Weaken Commodity Currencies Published: 5 Oct at 1 PM
Pound Sterling (GBP) Market shock at the revelation Article 50 will be triggered by the end of Q1 next year has not abated yet. The Pound remains around a 31-year low versus the US Dollar, while GBP/EUR exchange rates have weakened to a five-year low. Today’s services and composite PMIs may have eased recession fears, but investors had...
Pound Sterling (GBP) Continues to be Sold on Post-Brexit Trade Fears Published: 4 Oct at 4 PM
Pound Sterling (GBP) The Pound continued to be sold off against a majority of its major rivals throughout Tuesday’s session, as investors continued to adjust lower on the currency in reaction to Brexit comments made by UK officials. Indications that the UK government would not pursue access to the European Union’s single market after...
Canadian Dollar Soft on Global Oil Oversupply Concerns, ?Kiwi? Bullish ahead of RBNZ Rate Decision Published: 27 Oct at 5 PM
Pound Sterling It has not been a strong day for the Pound today as the third quarter UK GDP printed at a lower level than forecast both on the year and on the quarter. Although the service industry continued to expand this was generally outweighed by a severe contraction within domestic construction and declining manufacturing growth....
Sterling on Uptrend ahead of UK GDP Result, Euro Remains Soft after ECB Dovishness Published: 26 Oct at 5 PM
<b>Pound Sterling</b> This morning saw the September BBA Loans for House Purchase fall short of forecast, failing to show improvement on the month as the figure declined to 44,489. While this suggested that the domestic housing market remains in a relatively fragile state Sterling has nevertheless remained on a positive...
?Aussie? Bullish after Hawkish RBA Commentary, ?Kiwi? Slumps ahead of Dairy Auction Result Published: 20 Oct at 5 PM
Pound Sterling Sentiment has decidedly soured towards the Pound today thanks to the news that Tata Steel will be cutting 1,170 jobs and mothballing several facilities from its UK operations. As this follows up the closure of the Redcar steelworks and lapse of steel products group Caparo Industries into administration the current picture of...
?Loonie? Sinks on Global Oil Glut Fears, Pound Dominant due to Market Uncertainty Today Published: 19 Oct at 5 PM
Pound Sterling Although the Rightmove House Prices figure showed a decline on the month, falling to 5.6% from 6.4% in September, this failed to particularly weigh on the Pound today. Investors have remained generally optimistic towards Sterling after Friday’s hawkish comments from Monetary Policy Committee (MPC) member Kristin Forbes, with...
Commodity Currencies (AUD, NZD, CAD) Buoyed by Bearish US Data, Euro Dovish after Volkswagen Recalls Vehicles Published: 15 Oct at 4 PM
Pound Sterling In the absence of any fresh UK data today sentiment towards the Pound has remained relatively mixed, with movement on the currency largely driven by foreign data. The impact of yesterday’s reduced ILO Unemployment Rate, which unexpectedly fell to 5.4% to reach a seven year low, appears to have begun to wear off already....
US Dollar Slumps with Domestic Retail Sales Shortfall, ?Kiwi? Rises on RBNZ Hawkishness Published: 14 Oct at 5 PM
Pound Sterling The outlook of the Pound was somewhat improved today thanks to the release of some encouraging UK employment data. Although the September Claimant Count failed to fall as forecast, instead rising by 4,600, this was outweighed by an unexpected decrease on the ILO Unemployment Rate in the three months to August. Clocking in at...
Pound Softer as UK Inflation turns Negative, ?Aussie? on Downturn after Chinese Imports Fall Sharply Published: 13 Oct at 4 PM
Pound Sterling Investors were disappointed when the UK Consumer Price Index for September printed below expectations to reveal negative inflation of -0.1%. As the core figure equally fell short of forecast, remaining at 1.0% rather than experiencing a minor uptick to 1.1%, this saw the Pound rapidly fall across the board. Raising doubts in...
Sterling Weakens Further on Limited Narrowing of UK Trade Deficit, ?Aussie? Buoyed by Fresh Base Metal Rally Published: 13 Oct at 4 PM
Pound Sterling The prospects of the Pound have remained muted on Friday after the UK’s Visible Trade Balance proved decidedly disappointing. While the national deficit narrowed on the month the figure still printed at a substantial 11.1 billion Pounds to fall short of the forecast 9.9 billion. Following up an unexpectedly dovish set of...
?Loonie? Losing Ground on Investor Profit Taking, US Dollar Continues to Shed Value in spite of Hawkish Policymaker Comments Published: 12 Oct at 4 PM
Pound Sterling Although it has been a relatively slow day in terms of domestic data the Pound has strengthened against a number of rivals, in particular the Euro and US Dollar. In part this is due to anticipation ahead of tomorrow’s UK Consumer Price Index data, as pundits are expecting the core figure to show an uptick from 1.0% to 1.1%...
Euro Rising despite Narrowing German Trade Balance Surplus, ?Loonie? Hit by Faltering Oil Prices Published: 8 Oct at 12 PM
Pound Sterling Although the NIESR Gross Domestic Product Estimate for September suggested that growth will hold steady at 0.5% on the month the Pound has begun to lose some of its recent bullish momentum today. Volatility is likely to ensue later in the day with the release of the Bank of England (BoE) Rate Decision and accompanying meeting...
AUD NZD Bullish with Fresh Commodity Price Rally, US Dollar Weighed Down Published: 7 Oct at 1 PM
Pound Sterling Spurred to gains by a positive note in the International Monetary Fund (IMF) global economic growth forecast, the Pound has been further supported today by an unexpectedly strong performance on UK Industrial Production. Surpassing expectations of 1.2% growth, the year-on-year figure for August printed at a substantial...
Euro Strengthened by German Construction and Eurozone Retail PMIs, ?Greenback? Remains Dovish after Fresh US Data Disappointments Published: 6 Oct at 12 PM
Pound Sterling The influence of yesterday’s disappointing UK Services PMI continues to be felt by the bearish Pound, compounded by the pushing back of many traders’ expectations for the date of a potential Bank of England (BoE) interest rate increase. As the Halifax House Price data printed lower than forecast this morning there remains...
Euro advances against Swiss Franc (EUR-CHF) as Gold Prices Remain Inconsistent Published: 5 Oct at 3 PM
EUR-CHF Exchange Rate Fares Well in spite of Eurozone Results Coming up Sour On a day that has provided little cause for clear celebration among investors in the Euro, the common currency has managed to hold its ground, rising against the Swiss Franc to the rate of 1.0935 today. While the Franc has been damaged in its valuation by the...
GBP, EUR, CAD Trend Lower. US Dollar Exchange Rate Buoyant Published: 31 Oct at 4 PM
Pound Sterling On Friday the Pound strengthened by over 0.5% against a struggling Euro. However, the British currency lost ground against peers like the US Dollar after investors trimmed their Bank of England rate hike bets and the UK’s Consumer Confidence index declined unexpectedly. Before the close of European trading the Pound managed...
USD Surges after GDP, EUR Weakens after CPI, GBP Struggles Published: 30 Oct at 2 PM
Pound Sterling While the Pound advanced on the Euro on Thursday, the British currency softened against several of its other main peers as investors bet that the Bank of England won’t raise interest rates until after the Federal Reserve adjusts US borrowing costs. The GBP/EUR exchange rate advanced by 0.2% but the GBP/USD pairing was...
FOMC Announcement Looming: GBP, USD Softer, EUR Steady, NZD Climbs Published: 29 Oct at 1 PM
Pound Sterling With UK mortgage approvals coming in below forecast levels, the Pound softened against almost all of its currency counterparts on Wednesday. The British asset was also feeling the pressure as a result of yet more dovish comments from prominent Bank of England officials. As both of the institution’s Deputy Governors have been...
US Dollar Weakened by Declining Durable Orders, EUR Steady before CPI Data Published: 28 Oct at 4 PM
Pound Sterling The Pound put on a mixed performance on Tuesday, declining modestly against the Euro but gaining on a broadly struggling US Dollar. Sterling came under pressure as the Bank of England’s Deputy Governor asserted that interest rates should remain at record lows until the level of slack in the UK’s employment sector is...
GBP Gains, EUR Fluctuates, USD Softens - Exchange Rates Today Published: 27 Oct at 4 PM
Pound Sterling Bets that the recent softening in the Pound was too extreme, coupled with the assertions of Bank of England policy maker Ian McCafferty, have helped Sterling strengthen against several of its most traded currency peers. McCafferty has claimed that the UK will face inflationary pressures in 2015 unless the BoE increases...
US Dollar Dips on Ebola Fears, EUR Trends Lower, GBP Supported Published: 24 Oct at 5 PM
Pound Sterling The UK’s third quarter growth report may have confirmed that the pace of British expansion slowed from the second quarter, falling from 0.9% to 0.7%, but the Pound still closed out the European session trading in a stronger position against the US Dollar and Euro. Sterling was able to advance on the ‘Greenback’ and...
BoE Minutes, BOC Decision and US CPI May Inspire Exchange Rate Movement Tomorrow Published: 21 Oct at 5 PM
Pound Sterling (GBP) The Pound strengthened against the Euro by 0.4% on Tuesday as investors bet that the European Central Bank will introduce additional stimulus measures in the near future. Sterling’s gains weren’t hampered by the UK’s less-than-impressive public finance data. Tomorrow Pound volatility could be triggered by the...
FX Forecast: EUR Softer, GBP Stronger, USD Steady in Quiet Data Day Published: 20 Oct at 10 AM
Pound Sterling (GBP) The Pound began the week trading in a slightly stronger position against the Euro and US Dollar. Although Sterling came under pressure last week thanks to some dovish comments from the Bank of England’s chief economist, the British currency found support ahead of the publication of minutes from the latest BoE policy...
GBP Gains after UK Employment Data, EUR Struggles, CAD Declines on Oil Woes Published: 15 Oct at 1 PM
Pound Sterling GBP Although Tuesday’s UK inflation report caused widespread Pound declines, the British currency was able to stage something of a rebound on Wednesday as the domestic unemployment rate fell by more than forecast. The jobless rate dipped to 6.0% instead of falling to 6.1% as forecast. However, bets that the UK’s soft CPI...
UK CPI sees GBP Drop, EUR Struggles, AUD & NZD Trend Higher Published: 14 Oct at 5 PM
Pound Sterling GBP With the pace of UK inflation sliding to a five-year low in September, the Pound posted extensive and widespread declines against the majority of its currency counterparts. The report supports the case for the Bank of England leaving interest rates at record lows for the foreseeable future and as such has seriously...
GBP Trends Lower before CPI, USD Dips, AUD and NZD Climb after Chinese Data Published: 13 Oct at 6 PM
Pound Sterling GBP While the UK’s Lloyds Employment Confidence index detailed a gain in September, the report did little to prevent the Pound sliding against the majority of its currency counterparts. The GBP/EUR exchange rate lost over 0.4% while the GBP/USD exchange rate eased over 0.2% lower and the GBP/AUD pairing dropped 0.9%....
CAD Fluctuations to Follow Employment Stats, GBP Exchange Rate Lower, USD Gains Published: 10 Oct at 1 PM
Pound Sterling GBP The Pound broadly softened on Friday in spite of data showing a narrowing in the UK’s trade deficit. Poor domestic Construction Output stats and the acknowledgement that the economic situation in the Eurozone is having a detrimental effect on the UK contributed to the Pound’s weakness. Sterling was softer against the...
FOMC Minutes Push US Dollar Lower, Pound Steady before BoE, Euro Drops Published: 9 Oct at 1 PM
Pound Sterling GBP Before the Bank of England delivered its interest rate decision, the Pound was able to advance modestly on a broadly softening US Dollar. Sterling also climbed against the Euro after Germany’s trade figures sparked fresh growth concerns. As expected by economists, the BoE left the key interest rate at 0.5%....
Today's Exchange Rate Forecast: GBP Steady, AUD Softer, USD Stronger before FOMC Published: 8 Oct at 12 PM
Pound Sterling GBP UK data was mixed on Wednesday, with the British Retail Consortium’s Shop Price Index slipping further into deflation territory and the Halifax House Price report registering a stronger-than-expected month-on-month increase in house prices. The Pound was consequently hovering around the day’s opening levels against...
Pound (GBP) Struggles Before GDP, Australian Dollar (AUD) Moved by RBA Published: 7 Oct at 12 PM
Pound Sterling GBP The Pound pushed higher against the Euro but held losses against the US Dollar and Australian Dollar on Tuesday as investors reacted to the UK’s Manufacturing and Industrial Production reports without enthusiasm. The data showed stagnation in industrial output in August and just a 0.1% increase in manufacturing output....
GBP, EUR, USD, AUD, NZD, CAD FX News Today - Canadian Trade Data Drags Loonie Lower Published: 6 Oct at 2 PM
Pound Sterling GBP With several high-profile UK officials (including Bank of England policy makers) and Business Secretary Vince Cable insinuating that the strength of the Pound could be damaging the UK economic recovery, Sterling broadly softened on Monday. A lack of UK data let the Pound slid against the Euro, US Dollar and Australian...
Pound, Euro, US Dollar Exchange Rate News: US Employment Stats Push 'Greenback' Higher Published: 6 Oct at 2 PM
Pound Sterling (GBP) The Pound Sterling has struggled to make any healthy gains ever since two Bank of England policymakers gave dovish speeches on Thursday. Ben Broadbent and Kristin Forbes both intimated that the UK wasn’t ready for a rate increase for the foreseeable future and that an improvement in inflation is needed before the BoE...
EUR/USD Plunges By Most For Nine Weeks Published: 31 Oct at 1 PM
The Euro began the European session on the back foot against the US Dollar as the American asset was boosted overnight by the Federal Reserve’s policy statement. The statement was less dovish than anticipated and reduced the odds of the Fed delaying tapering until next year, boosting the ‘Greenback’ in the process. Things...
Exchange Rate News: USD Stronger, EUR Weaker, GBP Mixed Published: 31 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1696 A strong increase in UK home prices bolstered the Pound against the Euro, and the British asset was able to consolidate gains following the publication of disappointing German data. However, the FOMC policy statement and a drop in UK consumer confidence left Sterling softer against...
USD/EUR Falls As Fed Decision Looms, USD/JPY Also Declines Published: 30 Oct at 3 PM
The two-day Federal Open Market Committee Policy meeting is almost over, and with the policy statement looming the US Dollar is fluctuating against several of its most traded peers. Although the Fed is expected to maintain the current level of asset purchases and refrain from making any committing remarks regarding a timeline for tapering...
Exchange Rate News: Major Currencies Volatile In Heavy News Day Published: 30 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1672 The expectation that this week’s UK manufacturing and house price data will reveal growth slowing in both sectors kept the Pound trading close to a two-month low against the Euro during the local session. While today’s Lloyd’s business barometer could impact Sterling, market...
EUR/USD rises following disappointing US confidence data Published: 29 Oct at 4 PM
The Euro rose from a session low against the US Dollar on Tuesday afternoon after the release of mixed data out of the world’s largest economy. The ‘Greenback’ softened against the single currency after data showed that consumer confidence in the US fell more than economists had forecast as trepidation remained over the recent fiscal...
Exchange Rate News: All eyes on Federal Reserve policy meeting Published: 29 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1683 The Pound softened against the US Dollar and weakened to a two-month low against the Euro ahead of the release of a report which is expected to show that mortgage approvals in the UK rose to a five-year high in September. Sterling is likely to soften further in the afternoon as the...
CAD/USD Recovers Ground Ahead Of FOMC Meeting And GDP Data Published: 28 Oct at 3 PM
With the Federal Reserve’s two day policy meeting looming and the prospect of tapering becoming increasingly unlikely in the face of disappointing US data, the pressure was lifted from the ‘Loonie’ today and the commodity-driven asset broke away from a recent run of declines. The Canadian Dollar might have softened last week,...
Exchange Rate News: EUR/GBP Neutral-Positive Outlook, USD Volatility Expected Published: 28 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1728 Although positive UK housing figures lifted the Pound modestly against the Euro, the British asset was little changed against its US cousin ahead of the release of UK CBI reported sales data. If the report surprised expectations Sterling could enjoy modest gains in the days ahead....
CAD/USD And USD/JPY Weaken As US Confidence Falls Published: 25 Oct at 5 PM
With US confidence declining and Canada’s trade prospects falling accordingly, the ‘Loonie’ was trading close to a seven-week low against its US counterpart during the North American session on Friday. This week’s Bank of Canada policy statement and declining crude oil prices also weighed on the commodity driven asset, and as the...
Exchange Rate News: GBP/USD, GBP/EUR Rallies On Strong UK GDP Published: 25 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1735 The Pound was little changed against the Euro this morning but heading for a five-day gain against the US Dollar. But with UK GDP data confirming that the British economy expanded at its most rapid quarterly pace for three-years in the third quarter, Sterling rallied against...
Norway?s Krone Exchange Rate Climbs Following Norges Rate Decision (USD/NOK) Published: 24 Oct at 1 PM
During European trading Norges Bank’s decision to leave rates unaltered in the face of weak inflation helped the Krone advance on the several of its most traded peers. The Norwegian currency advanced on the Euro and US Dollar as the central bank restated its commitment to keeping interest rates low until mid-2014. In a statement...
Exchange Rate News: EUR/USD Close To Two-Year High, GBP/EUR Recovers Ground Published: 24 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1737 As the European session opened the Pound was trading in the region of a three-week high against the US Dollar and was holding steady against the Euro. While investors will be looking ahead to this evening’s speech from Bank of England Governor Mark Carney, today’s UK business...
CAD/USD Drops By Most For A Month, GBP Broadly Softens Published: 23 Oct at 5 PM
Before the local session opened the Canadian Dollar edged further away from yesterday’s four-week high against the US Dollar. In a reversal of fortunes, the ‘Loonie’ slumped to its lowest level against the US Dollar for a week as borrowing costs for China’s banks increased significantly and Chinese stocks tumbled. The Canadian...
Exchange Rate News: GBP/EUR Fluctuates After BOE Minutes Published: 23 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1748 The Pound began the local session close to a seven-week low against the Euro and slightly softer against the US Dollar. After the publication of minutes from the Bank of England’s latest policy meeting, which highlighted that the MPC believe that UK unemployment will decline...
China's Yuan Sheds Gain Ahead Of Payrolls Report (USD/CNY) Published: 22 Oct at 12 PM
After advancing against the US Dollar for over a week the Yuan dipped as the People’s Bank of China opted to trim the daily reverence rate after raising it to the highest level for eight years yesterday. The central bank cut the daily reference rate to 6.1395 per US Dollar and China’s Yuan consequently softened to 6.0935 per Dollar....
Exchange Rate News: EUR/GBP Fluctuates on Surprise UK Deficit, USD/EUR Struggling Published: 22 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1817 Although the Pound was little changed against the Euro and US Dollar as European trading began, after UK public finance figures surprised expectations Sterling fluctuated against several of its peers. Today's influential US data release could spark significant currency market...
Yen Tumbles As Export Growth Falters (USD/JPY), Rupee Softens (USD/INR) Published: 21 Oct at 4 PM
With domestic reports showing a dip in Japan’s export growth and the continuation of a record run of trade deficits, the Yen softened against the US Dollar during local trading. Although the Bank of Japan implemented an unprecedented level of easing back in April, this latest result hints at the possible necessity of further stimulus,...
Exchange Rate News GBP/USD Little Changed, USD/JPY Higher Published: 21 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1817 Having broadly strengthened last week in response to positive UK retail sales and employment data, the Pound largely retained gains over the weekend. The British asset was little affected by a report showing an impressive surge in a gauge of UK house prices. The week’s most...
USD/EUR Declines By The Most For A Month, Rupee Drops Published: 18 Oct at 5 PM
During the North American session the US Dollar ended a tempestuous week close to an eight-month low against a basket of 10 major currencies. With the prolonged Federal shutdown and delayed US economic data releases lessening the likelihood of the Federal Reserve opting to taper stimulus before next year the ‘Buck’ lost its appeal and...
US Dollar Heading For 5-Day Decline Against Most Peers Published: 18 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1826 In a bit of a turnaround from last week, the Pound is enjoying a bullish relationship with the US Dollar and has recorded a notable gain against the Euro as positive signs of UK economic recovery lent Sterling support. US Dollar USD/EUR – Trading in the Region of...
US Dollar Falls As Odds Of Tapering Drop USD/EUR, USD/JPY Published: 17 Oct at 5 PM
The 16-day partial Federal shutdown may have ended yesterday as President Barack Obama signed an agreement to temporarily increase the US debt limit, but the repercussions of the event are likely to be of some duration. Leading analysts have warned that the extended governmental closure will have a serious impact on US growth and could...
Exchange Rate News: Currencies Volatile As US Default Averted Published: 17 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1843 Unexpectedly positive UK employment data buoyed the Pound yesterday, and the British currency’s bullish relationship with its peers looks set to last to the weekend as UK retail sales climbed by significantly more than forecast, month-on-month. US Dollar USD/EUR –...
Ruble And Rand Gain On US Dollar As Investors Get Their Fill of Risk Before Default Published: 16 Oct at 5 PM
When the US government first entered a partial shutdown over two weeks ago, it seemed like there was plenty of time for the nation's lawmakers to hash out an agreement. But with the October 17th deadline for reaching the debt ceiling just hours away and no solution reached or even within sight, investors are getting a little twitchy. ...
Exchange Rate News: Encouraging UK Employment Data Boosts Pound GBP/EUR Published: 16 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1843 With the UK economy adding more positions than forecast in the three months to August, and jobless claims falling by more than expected in September, Sterling was supported and advanced on the Euro and US Dollar during European trading. US Dollar USD/EUR – Trading in the...
US Dollar Rallies Against Euro (USD/EUR) And Yen (USD/JPY) Published: 15 Oct at 5 PM
After feeling the pressure in the three weeks since the US government entered a partial shutdown, hopes of political resolution have helped the US Dollar advance on peers like the Euro and Yen. While the debt ceiling impasse has seemed insurmountable at times, it appears that days of posturing and delays will finally end with US lawmakers...
Exchange Rate News: New Zealand Dollar, Euro, Sterling, Greenback, Australian Dollar Published: 15 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1780 The Pound experienced movement this morning as UK inflation increased by more than expected in September, rising 0.4 per cent month-on-month rather than the 0.3 per cent predicted. Year-on-year CPI was up 2.7 per cent, following a gain of 2.7 per cent in August. Separate UK data...
Peso (MXN) US Dollar (USD) And Canadian Dollar (CAD) Decline Published: 14 Oct at 5 PM
With the US political impasse entering a third week, industry experts are becoming increasingly concerned for the growth prospects of nations which rely heavily on the US for trade – including neighbouring Canada and Mexico. Consequently, last Friday the Canadian Dollar declined by the most for seven weeks against its US counterpart and...
Exchange Rate News: Pound, Euro, New Zealand Dollar, US Dollar, Australian Dollar Published: 14 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1781 With this week’s retail sales and employment reports forecast to show improvement the Pound began local trade slightly stronger against the US Dollar, but remained within touching distance of a six-week low against the Euro. US Dollar USD/EUR – Trading in the Region of...
Krona Climbs As Unemployment Dips (EUR/SEK), Euro Rises (EUR/GBP) Published: 11 Oct at 5 PM
In a bit of a mixed day for European currencies, Sweden’s Krona climbed against its US rival for the first time in several days, advanced on the Pound and posted a modest gain against the Euro. The Krona was boosted as Sweden’s non-seasonally adjusted unemployment rate dipped from Augusts’ 4.8 per cent level to 4.6 per cent in...
Exchange Rate News: Euro, Pound, Aussie, US Dollar Published: 11 Oct at 11 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1774 An unexpected drop in UK construction output saw the Pound soften against peers like the US Dollar and Euro this morning. Although the British asset advanced slightly as UK house prices climbed by 0.5 per cent, Sterling shed gains following the disappointing construction report...
Yen Declines As Kuroda Delivers BOJ Pledge (USD/JPY) Published: 10 Oct at 5 PM
With minutes from the most recent Federal Open Market Committee meeting indicating that US lawmakers were largely in favour of trimming easing before the end of the year the Yen softened against the ‘Greenback’. Declines were consolidated as policymakers moved closer to ending the Federal shutdown and Bank of Japan Governor Haruhiko...
Exchange Rate News: EUR/USD, AUD/USD, GBP/EUR, NZD/AUD Published: 10 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1805 While the Pound edged away from the three-week low recorded against the Euro yesterday ahead of the Bank of England policy meeting, the British currency softened further against the US Dollar as the prospect of an end to the federal shutdown lifted the ‘Greenback’. US...
Sterling Slides To Three-Week Low (GBP/USD) Published: 9 Oct at 5 PM
For a few short weeks every piece of UK data seemed to surprise to the upside, and the nation’s economic outlook grew rosier by the day. However, today’s batch of UK figures reinforce the fragility of the UK’s economic recovery and act as a reminder of the headwinds still to be faced. The Pound weakened against all of its main...
Exchange Rate Update: Pound Drops (GBP/USD) Euro Under Pressure (EUR/USD) Published: 9 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1853 Worse than anticipated industrial/manufacturing production and trade balance data saw the Pound extend recent declines against the Euro and US Dollar as the European session progressed. Although the British currency could claw back losses if today’s NIESR GDP estimate is strong,...
Rupee Dips As IMF Cuts India's Growth Forecast (USD/INR) Published: 8 Oct at 4 PM
While the Rupee began the local session having recovered 11 paise against the US Dollar, the emerging market asset went on to shed gains against its North American peer. Although President Barack Obama asserted yesterday that he did not intend to negotiate with Republicans over the debt ceiling, bets that lawmakers will come to a viable...
Exchange Rate Outlook: Pound, Euro, US Dollar, Aussie And Yen Published: 8 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1836 While the Pound began the European session trading above yesterday’s opening levels against the Euro, the GBP/EUR pairing remains under pressure ahead of this week’s UK manufacturing/industrial production figures and Bank of England policy meeting. Speculation that Sterling’s...
Rupee Falls As RBI Cuts Rate (USD/INR) Published: 7 Oct at 4 PM
Over the last few weeks political uncertainty in the US and the new Governing hand of the Reserve Bank of India have helped the Rupee recover ground. After falling to record lows earlier in the year as the US Federal Reserve intimated that fiscal stimulus could be tapered in the autumn/winter of 2013, the Rupee has recovered roughly 11...
Exchange Rate Update - Pound, Euro, US Dollar, New Zealand Dollar, Yen Published: 7 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1814 Ahead of this week’s Bank of England policy meeting, at which it is expected that rates and asset purchases will remain unaltered, the Pound recouped recent losses against the US Dollar. However, the British asset was little changed against the Euro after declining by 1.1 per...
US Dollar Falls, Rupee Gains, Pound Softens Published: 4 Oct at 5 PM
Fear that the US shutdown, which is now into its third day, will cost the US economy billions and weaken the nation’s economic growth saw the US Dollar edge close to a month low against its Asian rival. With the shutdown preventing the publication of an influential jobs report, thereby making it more difficult to gauge when the Federal...
Exchange Rate Update: Pound Weaker (GBP/USD) Euro Stronger (EUR/USD) Published: 4 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1834 The Pound edged away from this week’s highs against the US Dollar and posted its most significant decline against the Euro for two-weeks as UK house prices climbed at a slower pace than forecast and UK services PMI slightly disappointed expectations. US Dollar USD/EUR –...
Rupee Recovery (USD/INR) Not Expected To Last Published: 3 Oct at 4 PM
Over the last few weeks US political concerns and the falling odds of stimulus being tapered by the Federal Reserve allowed the Indian Rupee to recover ground against its counterparts and gain by 5 per cent against the ‘Greenback’. Today the Rupee achieved its strongest level for the past four days as the Federal shutdown weakened...
Exchange Rate Outlook - Pound, US Dollar, Euro, New Zealand Dollar Published: 3 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1911 With UK house prices rising at a less rapid rate than forecast and UK services PMI coming in just shy of estimates, the Pound softened against the Euro and US Dollar. Positive news from the Eurozone also pushed the GBP/EUR pairing lower, and with little additional UK news scheduled...
Euro Rallies Against Pound And US Dollar After ECB Announcement Published: 2 Oct at 4 PM
The common currency began the local session a little softer against its British and US peers as investors speculated on the outcome of the European Central Bank’s rate decision and higher risk assets lost their appeal in the face of US political concerns. However, the Euro recouped losses and climbed against its rivals after the ECB...
EUR/USD And EUR/GBP Volatility Likely As ECB Meets Published: 2 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1976 While yesterday’s UK manufacturing PMI fell short of estimates, the Pound still enjoyed a bullish relationship with several of its peers and began the European session at an 8-month high against the US Dollar. However, with the construction sector also failing to expand by as...
USD/GBP At Nine-Month High As US Political Concerns Grow Published: 1 Oct at 5 PM
The partial shutdown of the US government and the potential drag on US GDP the situation may cause triggered significant market volatility overnight. Now, with investors lowering the odds of the Federal Reserve tapering stimulus as a result of this political fallout the US Dollar has posted widespread declines against its peers....
Exchange Rate Update, Pound, Euro, US Dollar And Yen Published: 1 Oct at 10 AM
Pound Sterling GBP/EUR – Trading in the Region of 1.1973 After beginning the European session close to a nine-month high against the US Dollar, the Pound extended gains against its major counterparts as UK manufacturing PMI expanded, albeit at a slightly slower pace than expected. If the week’s construction and services PMI surprise to...

Live Exchange Rates