Month: October 2017

Home 2017 October
Pound to Euro (GBP/EUR) Drops as Brexit Hits Car Industry, ZAR Reaches 10-Month Low
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Pound to Euro (GBP/EUR) Drops as Brexit Hits Car Industry, ZAR Reaches 10-Month Low

The Pound to Euro (GBP/EUR) exchange rate fell in Thursday’s European session as Brexit fears created problems for the car industry. Car manufacturers suffered a blow in September with output shrinking by -4.1%. Domestic demand also dropped sharply by 14.2%, and there was also a 1.1% decline in production destined for exportation. On the year,...

Canadian Dollar Falls as Bank of Canada (BoC) Holds Interest Rates at 1.0%
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Canadian Dollar Falls as Bank of Canada (BoC) Holds Interest Rates at 1.0%

The Canadian Dollar tumbled versus the US Dollar (CAD/USD) to reach a three-month low after a cautious Bank of Canada (BoC) quelled hopes of another interest rate rise in 2017. The US Dollar was able to reach levels of 1.2816 against the Loonie (USD/CAD). The central bank stated that the economy was performing at near...

Euro (EUR) Exchange Rate Forecast: Will EUR Fall as Catalonia Crisis Intensifies?
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Euro (EUR) Exchange Rate Forecast: Will EUR Fall as Catalonia Crisis Intensifies?

The Euro could be set to decline against other currency majors such as the Pound (EUR/GBP) and US Dollar (EUR/USD) as the situation in Catalonia becomes increasingly more volatile. Political instability can cause dramatic movements in the market, something the Pound has seen a lot of since the Brexit referendum last year. However, the Eurozone...

GBP/EUR Falls -0.68%, GBP/USD Drops -0.40% as UK Retail Sales Flop
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GBP/EUR Falls -0.68%, GBP/USD Drops -0.40% as UK Retail Sales Flop

The Pound Sterling to Euro (GBP/EUR) exchange rate was trending -0.68% lower in Thursday morning’s trading, while the Pound to US Dollar (GBP/USD) exchange rate resided around -0.40% lower. UK Retail Sales placed pressure on the pound when they came in overwhelmingly below forecasts according to the Office for National Statistics. On the month, the...

GBP/NZD, GBP/JPY, GBP/ZAR Advance on SA Cabinet Reshuffle, Dairy Prices, and UK Labour Data
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GBP/NZD, GBP/JPY, GBP/ZAR Advance on SA Cabinet Reshuffle, Dairy Prices, and UK Labour Data

The Pound advanced against the New Zealand Dollar (GBP/NZD), Japanese Yen (GBP/JPY) and South African Rand (GBP/ZAR) on Wednesday after UK labour market data was published. The UK Unemployment Rate maintained its 42-year low at 4.3% in the three months through August, but average weekly earnings were lacklustre once again, at 2.2%. Employment Change also...

GBP/EUR Biggest Takeaways from BoE’s Mark Carney and UK Inflation, Tuesday 17th October 2017
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GBP/EUR Biggest Takeaways from BoE’s Mark Carney and UK Inflation, Tuesday 17th October 2017

For Pound Sterling to Euro (GBP/EUR) movement, the biggest takeaways of today included UK inflation breaching a five-year-high, and comments from Bank of England (BoE) representatives on interest rates. UK Inflation Jumps to Five-Year High Forecasts had expected UK Consumer Prices to jump to 3.0% in September, in what will be the last inflation reading...