Month: November 2017

Home 2017 November
Pound Continues Rally; GBP/EUR, GBP/AUD Exchange Rates on a Brexit Roll
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Pound Continues Rally; GBP/EUR, GBP/AUD Exchange Rates on a Brexit Roll

The Pound Sterling exchange rate rallied on Thursday against the Euro (GBP/EUR) and Australian Dollar (GBP/AUD) as markets watched Brexit divorce deal developments unfold. It seems as if Theresa May could be placing an offer on the table that might see talks move onto trade, something markets are keen to see in order to begin...

GBP/USD, GBP/EUR, GBP/AUD Exchange Rates Jump on Brexit Divorce Deal; Trump’s Tax Reforms in Focus
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GBP/USD, GBP/EUR, GBP/AUD Exchange Rates Jump on Brexit Divorce Deal; Trump’s Tax Reforms in Focus

The Pound exchange rate rallied against other currency majors including the US Dollar (GBP/USD), Australian Dollar (GBP/AUD), and the Euro (GBP/EUR) as Brexit optimism regarding a divorce deal swept the market. So far in Wednesday’s European trading, the GBP/USD exchange rate has hit highs of 1.3430 (a two-month high), GBP/EUR has reached levels of 1.1315,...

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Climbs Ahead of BoC Financial System Review and GDP
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Pound to Canadian Dollar (GBP/CAD) Exchange Rate Climbs Ahead of BoC Financial System Review and GDP

The Pound to Canadian Dollar (GBP/CAD) exchange rate was trending slightly higher in Tuesday’s European session after the Bank of England (BoE) released its latest Financial Stability Review. The Bank of Canada (BoC) will release its own Financial System Review later in North American trading, ahead of some influential figures this week including Gross Domestic...

GBP/USD, GBP/AUD, GBP/EUR Exchange Rates Climb as Pound Regains Stability on Brexit Optimism
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GBP/USD, GBP/AUD, GBP/EUR Exchange Rates Climb as Pound Regains Stability on Brexit Optimism

The Pound Sterling exchange rate made healthy gains against a host of other currency majors on Monday, including the Euro (GBP/EUR), US Dollar (GBP/USD), and Australian Dollar (GBP/AUD). The British Pound enjoyed gains off the back of EU chief negotiator Michel Barnier commenting that he thought Brexit talks could be close to a breakthrough. Barnier...

GBP/EUR, GBP/NZD, GBP/AUD Climb Despite Drop in Consumer Confidence and Pay Squeeze Prospects
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GBP/EUR, GBP/NZD, GBP/AUD Climb Despite Drop in Consumer Confidence and Pay Squeeze Prospects

The Pound to Euro (GBP/EUR), Pound to New Zealand Dollar (GBP/NZD) and Pound to Australian Dollar (GBP/AUD) exchange rates were trending higher in Friday’s European session despite a drop in Consumer Confidence, according to YouGov and the Centre for Economics and Business Research (CEBR). According to the latest statistics, UK consumers are at their gloomiest...

GBP/EUR, GBP/USD Decline Despite Retail Sales Rebound as German Politics Recover
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GBP/EUR, GBP/USD Decline Despite Retail Sales Rebound as German Politics Recover

The Pound fell against the Euro (GBP/EUR) and US Dollar (GBP/USD) on Thursday as US markets closed for Thanksgiving, German politics were offered some hope, and markets digested the Autumn Budget. While Phillip Hammond proudly presented his Budget, institutions have chewed over the offering and given their opinions, and they’re not all good. IFS #Budget2017...

GBP/USD, GBP/AUD Exchange Rates Climb after Hammond’s Autumn Budget Today
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GBP/USD, GBP/AUD Exchange Rates Climb after Hammond’s Autumn Budget Today

The Pound to US Dollar (GBP/USD) and Pound to Australian Dollar (GBP/AUD) exchange rates were trending higher on Wednesday following Phillip Hammond’s Autumn Budget. Sterling experienced some losses during the statement as markets digested what the Budget meant for Brexit Britain, but soon after the GBP exchange rate had climbed by around +0.30% against the...

GBP/EUR Climbs Despite Public Borrowing Rise ahead of Hammond’s Budget
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GBP/EUR Climbs Despite Public Borrowing Rise ahead of Hammond’s Budget

The Pound to Euro (GBP/EUR) exchange rate made gains on Tuesday after UK¬†Public Sector Net Borrowing Figures came to light and Theresa May gained support to offer a more substantial divorce settlement, while Germany faced the prospect of a second election. Markets are keenly awaiting tomorrow’s Budget from Chancellor to the Exchequer Phillip Hammond, and...

GBP/AUD at Six-Month High, GBP/USD Rises on Trump Subpoena and Brexit Hopes
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GBP/AUD at Six-Month High, GBP/USD Rises on Trump Subpoena and Brexit Hopes

The Pound to Australian Dollar (GBP/AUD) exchange rate topped a six-month high last week and continued to climb in Monday’s European session. The gain in Sterling has been attributed to renewed Brexit hopes and an ebbing risk-appetite for the Trans-Tasman currencies. The US Dollar’s decline last week caused currencies such as the Aussie and the...