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Latest GBP News

March 26, 2019 8:16 am | Brexit, EUR, GBP, USD | by Lauren Bessent

British Pound Volatile on Brexit, UK Mortgage Approvals Slump

Last night, the British Pound rose against the Euro (GBP/EUR) as parliament took control of Brexit. There are indicative votes scheduled for Wednesday, which will help to determine how the UK leaves the EU. This may open the door for a second referendum or even cancelling Brexit. It could also see the UK leave the EU without a deal, or the potential to remain in the customs union.  The idea was put forward by Oliver Letwin, once a Conservative MP, and 30 other Tory MPs rebelled against Theresa May to vote for his amendment. MPs backed it with 329 votes to 302. Richard Harrington, Alistair Burt, and Steve Brine resigned to vote for the amendment. Letwin said: 'It's essential we should be able to look at all the serious options, not wild unicorns, but things we could actually do to carry this process forward. We should allow ourselves ...

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March 21, 2019 3:23 pm | Brexit, Central Banks, GBP, Politics | by Ashleigh Fox

British Pound Recovering After Article 50 Extension and Weak Eurozone PMIs

On Friday, the British Pound has been staging a recovery since an extension to Article 50 was offered by the EU. The British currency has made particular gains against the Euro, after weaker-than-expected Eurozone Purchasing Managers' Index (PMI) surveys came to light. The economic data showed concerning states of the manufacturing sectors in both Germany and France, while the Eurozone manufacturing PMI contracted further in March, coming in at 47.6, down from 49.3, and optimistic forecasts for 49.5.  Yesterday: The British Pound has been softening in Thursday's European session as Brexit chaos took hold once again. Sterling hit a one-week low against the US Dollar today, reaching levels of $1.3105. This is the lowest level since MPs decided to seek a Brexit extension last week. Theresa May is continuing her mantra of delivering Brexit--'What's important is that parliament delivers on the result of the referendum and that we ...

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March 19, 2019 8:17 am | AUD, Brexit, Central Banks, EUR, GBP | by Charlie Murray

British Pound (GBP/EUR, GBP/AUD) Exchange Rate Jumps on Labour Data

The British Pound has been fluctuating mainly on Brexit in recent weeks, but today could see some further market movement on economic data. The UK Average Weekly Earnings, Employment Change, and Unemployment Rate data will be out this morning detailing how well the labour market performed in the three months through January on the year. UK Labour Market Data Ahead - British Pound Trading in Tight Range Economists expect UK Employment Change to rise by 120K, following the previous reading of 167K, while the Unemployment Rate remains on hold at 4.0%. Meanwhile, wage growth including bonuses is forecast to fall to 3.20% from 3.40%, while excluding bonuses the ecostat is expected to hold steady at 3.40%. Reports suggest that British businesses have been hiring rather than investing in technology given Brexit uncertainty, so this number has the potential to look good on paper. UPDATE: The UK ...

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March 15, 2019 10:42 am | Brexit, EUR, GBP, USD | by Lauren Bessent

British Pound Exchange Rate in Tight Range as Brexit Focus Moves to Next Week

The Pound has begun Friday on the back foot, trading in a tight range against the Euro (GBP/EUR) and the US Dollar (GBP/USD). Theresa May is now looking to get her Brexit deal through parliament once again next week, or risks losing control of the process entirely. There's no British economic data due out today, leaving the Pound susceptible to geopolitical developments and other market movements. British Pound Exchange Rate Awaiting Next Brexit Developments Yesterday, MPs voted in favour for an extension of Article 50 and the British Pound traded sideways overnight before declining in the early hours of this morning. Moreover, an amendment for another Brexit referendum failed by a big majority of 249. Now, Theresa May needs to attempt to get her deal through parliament again next week. Should it go through, a short extension to the Brexit deadline will likely take place ...

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March 12, 2019 7:55 am | Brexit, GBP, Politics | by Ashleigh Fox

British Pound Rallies on Theresa May’s Eleventh Hour Brexit Amendments

Overnight, Theresa May announced that she'd managed to secure 'legally binding changes' to her Brexit deal which will be voted on today in parliament. It was largely expected that her deal would fall at the first hurdle, resulting in a vote on whether the UK goes through with a no-deal Brexit tomorrow, and another vote to extend Article 50 on Thursday. British Pound Exchange Rate Surges on Theresa May's Apparent Progress However, May has reportedly made changes that meet demands on the sticking point of negotiations, the Irish backstop. Now, MPs have limited time to review the deal and its new changes before they have to vote on it. Meanwhile, Chief EU negotiator Jean-Claude Juncker has said: 'It is this deal, or Brexit may not happen at all.' In response to the Brexit developments, the Pound rallied as markets perceived progress. The British Pound attained levels above 1.32 ...

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Latest Video Content

January 11, 2019 10:43 am | Brexit, GBP, Video | by Ashleigh Fox

Pound Sterling Exchange Rate Forecast: UK Economic Growth Hits Six-Month Low

The Pound exchange rate has been in a tight range against the US Dollar (GBP/USD) and Euro (GBP/EUR) on Friday morning, despite news that UK economic growth had hit a six-month low. The UK registered a 0.3% increase in growth in the three months through November, slightly lower than the previous 0.4% reading. Economic growth ...

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June 19, 2018 12:20 pm | GBP, USD, Video | by Ashleigh Fox

Pound to US Dollar Hits Lowest Level Since November as Exchange Rates Fall on Uncertainty

The Pound to US Dollar (GBP/USD) exchange rate hit a seven-month low on Tuesday as US/China trade war fears and Brexit uncertainty spooked markets. The GBP/USD exchange rate hit lows of 1.3158 - the weakest level seen since November 2017. It's not just the Pound taking a beating, other major currencies have been declining against ...

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Latest USD News

March 26, 2019 8:16 am | Brexit, EUR, GBP, USD | by Lauren Bessent

British Pound Volatile on Brexit, UK Mortgage Approvals Slump

Last night, the British Pound rose against the Euro (GBP/EUR) as parliament took control of Brexit. There are indicative votes scheduled for Wednesday, which will help to determine how the UK leaves the EU. This may open the door for a second referendum or even cancelling Brexit. It could also see the UK leave the EU without a deal, or the potential to remain in the customs union.  The idea was put forward by Oliver Letwin, once a Conservative MP, and 30 other Tory MPs rebelled against Theresa May to vote for his amendment. MPs backed it with 329 votes to 302. Richard Harrington, Alistair Burt, and Steve Brine resigned to vote for the amendment. Letwin said: 'It's essential we should be able to look at all the serious options, not wild unicorns, but things we could actually do to carry this process forward. We should allow ourselves ...

Read More
March 15, 2019 10:42 am | Brexit, EUR, GBP, USD | by Lauren Bessent

British Pound Exchange Rate in Tight Range as Brexit Focus Moves to Next Week

The Pound has begun Friday on the back foot, trading in a tight range against the Euro (GBP/EUR) and the US Dollar (GBP/USD). Theresa May is now looking to get her Brexit deal through parliament once again next week, or risks losing control of the process entirely. There's no British economic data due out today, leaving the Pound susceptible to geopolitical developments and other market movements. British Pound Exchange Rate Awaiting Next Brexit Developments Yesterday, MPs voted in favour for an extension of Article 50 and the British Pound traded sideways overnight before declining in the early hours of this morning. Moreover, an amendment for another Brexit referendum failed by a big majority of 249. Now, Theresa May needs to attempt to get her deal through parliament again next week. Should it go through, a short extension to the Brexit deadline will likely take place ...

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March 8, 2019 8:25 am | CAD, CNY, GBP, USD | by Ashleigh Fox

Pound Sterling GBP/CAD, GBP/USD, GBP/CNY Exchange Rate Forecast

Today could be an interesting day for the Pound to US Dollar (GBP/USD) and Pound to Canadian Dollar (GBP/CAD) exchange rates with a host of highly influential labour market data being revealed across the pond.  The Pound has softened against the US Dollar in the last few days, and is now trading in the region of 1.3093. Brexit uncertainty is weighing on Sterling, and next week's parliamentary votes will likely cause some significant Sterling volatility. The Pound could rally should a no-deal Brexit be ruled out, and an extension to Article 50 be seen. Canadian and US Payrolls Data in Focus for CAD and USD Exchange Rates Canadian ecostats will start the North American data stream today, with the latest Housing Starts print. The February number is expected to come in at 203.5K, after the January reading of 208.0K. Shortly after, the Canadian Net Change in Employment stat ...

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March 2, 2019 7:00 am | EUR, GBP, USD | by Charlie Murray

Pound (GBP), Euro (EUR), US Dollar (USD) Exchange Rate Forecast, Week Ahead

Pound Sterling Exchange Rate Forecast - GBP The week ahead isn't packed with UK economic data, but there are a few key pieces that may influence the British Pound exchange rate. The week will begin with Monday's Markit UK Construction Purchasing Managers' Index (PMI) for February, followed by the Services and Composite PMIs on Tuesday. Thursday will bring with it the latest Halifax House Prices stats. The main driver for Sterling will be Brexit, especially with the March 29th deadline fast approaching. With a number of votes scheduled in the coming weeks, comments by politicians and any Brexit developments will likely influence the Pound Sterling exchange rate.   Euro Exchange Rate Predictions - EUR Monday will bring with it the Sentix Eurozone Investor Confidence stat, as well as the currency bloc's Producer Price Indexes. Tuesday will show the Italian Gross Domestic Product stat and Eurozone Retail Sales numbers. Wednesday continues ...

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February 21, 2019 12:14 pm | EUR, GBP, USD | by Ashleigh Fox

Euro Live: EUR/GBP Climbs on Brexit Woes, EUR/USD in Tight Range

The Euro to Pound (EUR/GBP) and Euro to US Dollar (EUR/USD) exchange rates are trading within a tight range today after a slew of Eurozone economic data was released. Update: Friday morning has seen the Euro to Pound Sterling (EUR/GBP) exchange rate trending around 0.20% higher, in the region of 0.8709. The Euro to US Dollar (EUR/USD) exchange rate is trending in a tight range in the region of 1.1342. Data out of the Eurozone and US yesterday added weight to speculation that a global slowdown is on the way. Manufacturing in the Eurozone took a sharp decline, which spurred fears the European Central Bank (ECB) would soon have to intervene with stimulus measures--not long after ending its massive sovereign bond-buying programme. Meanwhile, US Durable Goods Orders came in below forecasts, despite expectations for a boost. In the UK, the Pound exchange rate has fallen as ...

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Latest EUR News

March 26, 2019 8:16 am | Brexit, EUR, GBP, USD | by Lauren Bessent

British Pound Volatile on Brexit, UK Mortgage Approvals Slump

Last night, the British Pound rose against the Euro (GBP/EUR) as parliament took control of Brexit. There are indicative votes scheduled for Wednesday, which will help to determine how the UK leaves the EU. This may open the door for a second referendum or even cancelling Brexit. It could also see the UK leave the EU without a deal, or the potential to remain in the customs union.  The idea was put forward by Oliver Letwin, once a Conservative MP, and 30 other Tory MPs rebelled against Theresa May to vote for his amendment. MPs backed it with 329 votes to 302. Richard Harrington, Alistair Burt, and Steve Brine resigned to vote for the amendment. Letwin said: 'It's essential we should be able to look at all the serious options, not wild unicorns, but things we could actually do to carry this process forward. We should allow ourselves ...

Read More
March 19, 2019 8:17 am | AUD, Brexit, Central Banks, EUR, GBP | by Charlie Murray

British Pound (GBP/EUR, GBP/AUD) Exchange Rate Jumps on Labour Data

The British Pound has been fluctuating mainly on Brexit in recent weeks, but today could see some further market movement on economic data. The UK Average Weekly Earnings, Employment Change, and Unemployment Rate data will be out this morning detailing how well the labour market performed in the three months through January on the year. UK Labour Market Data Ahead - British Pound Trading in Tight Range Economists expect UK Employment Change to rise by 120K, following the previous reading of 167K, while the Unemployment Rate remains on hold at 4.0%. Meanwhile, wage growth including bonuses is forecast to fall to 3.20% from 3.40%, while excluding bonuses the ecostat is expected to hold steady at 3.40%. Reports suggest that British businesses have been hiring rather than investing in technology given Brexit uncertainty, so this number has the potential to look good on paper. UPDATE: The UK ...

Read More
March 15, 2019 10:42 am | Brexit, EUR, GBP, USD | by Lauren Bessent

British Pound Exchange Rate in Tight Range as Brexit Focus Moves to Next Week

The Pound has begun Friday on the back foot, trading in a tight range against the Euro (GBP/EUR) and the US Dollar (GBP/USD). Theresa May is now looking to get her Brexit deal through parliament once again next week, or risks losing control of the process entirely. There's no British economic data due out today, leaving the Pound susceptible to geopolitical developments and other market movements. British Pound Exchange Rate Awaiting Next Brexit Developments Yesterday, MPs voted in favour for an extension of Article 50 and the British Pound traded sideways overnight before declining in the early hours of this morning. Moreover, an amendment for another Brexit referendum failed by a big majority of 249. Now, Theresa May needs to attempt to get her deal through parliament again next week. Should it go through, a short extension to the Brexit deadline will likely take place ...

Read More
March 2, 2019 7:00 am | EUR, GBP, USD | by Charlie Murray

Pound (GBP), Euro (EUR), US Dollar (USD) Exchange Rate Forecast, Week Ahead

Pound Sterling Exchange Rate Forecast - GBP The week ahead isn't packed with UK economic data, but there are a few key pieces that may influence the British Pound exchange rate. The week will begin with Monday's Markit UK Construction Purchasing Managers' Index (PMI) for February, followed by the Services and Composite PMIs on Tuesday. Thursday will bring with it the latest Halifax House Prices stats. The main driver for Sterling will be Brexit, especially with the March 29th deadline fast approaching. With a number of votes scheduled in the coming weeks, comments by politicians and any Brexit developments will likely influence the Pound Sterling exchange rate.   Euro Exchange Rate Predictions - EUR Monday will bring with it the Sentix Eurozone Investor Confidence stat, as well as the currency bloc's Producer Price Indexes. Tuesday will show the Italian Gross Domestic Product stat and Eurozone Retail Sales numbers. Wednesday continues ...

Read More
February 21, 2019 12:14 pm | EUR, GBP, USD | by Ashleigh Fox

Euro Live: EUR/GBP Climbs on Brexit Woes, EUR/USD in Tight Range

The Euro to Pound (EUR/GBP) and Euro to US Dollar (EUR/USD) exchange rates are trading within a tight range today after a slew of Eurozone economic data was released. Update: Friday morning has seen the Euro to Pound Sterling (EUR/GBP) exchange rate trending around 0.20% higher, in the region of 0.8709. The Euro to US Dollar (EUR/USD) exchange rate is trending in a tight range in the region of 1.1342. Data out of the Eurozone and US yesterday added weight to speculation that a global slowdown is on the way. Manufacturing in the Eurozone took a sharp decline, which spurred fears the European Central Bank (ECB) would soon have to intervene with stimulus measures--not long after ending its massive sovereign bond-buying programme. Meanwhile, US Durable Goods Orders came in below forecasts, despite expectations for a boost. In the UK, the Pound exchange rate has fallen as ...

Read More
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