Month: January 2018

Home 2018 January
Brexit Strikes Back; Pound Exchange Rate (GBP/USD) Sinks Below 1.40
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Brexit Strikes Back; Pound Exchange Rate (GBP/USD) Sinks Below 1.40

The Pound exchange rate has come crashing down in the past few sessions, with notable losses against the US Dollar (GBP/USD) to reside below the key 1.40 barrier. Sterling has slipped on Brexit concerns once again amid mounting calls for Theresa May to quit her post. While the Pound may have reached the dazzling heights...

Pound Exchange Rate Climbs: GBP/USD Breaks Above 1.40, GBP/EUR Above 1.14 on Brexit Hopes and Weaker US Dollar
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Pound Exchange Rate Climbs: GBP/USD Breaks Above 1.40, GBP/EUR Above 1.14 on Brexit Hopes and Weaker US Dollar

The Pound to US Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates were able to break through key psychological barriers overnight. GBP/USD rose to above 1.40 for the first time since Brexit, while the GBP/USD exchange rate reached a one-month high of 1.14. Sterling’s gains against the US Dollar follow a bout of USD...

Pound Exchange Rate Slumps  against Canadian and US Dollars (GBP/USD, GBP/CAD) as UK Retail Sales Disappoint
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Pound Exchange Rate Slumps against Canadian and US Dollars (GBP/USD, GBP/CAD) as UK Retail Sales Disappoint

The Pound exchange rate fell against the US Dollar (GBP/USD) and Canadian Dollar on Friday, after some uninspiring UK Retail Sales data. On the year, UK Retail sales slipped from 1.5% to 1.4%, despite forecasts to rise to somewhere in the region of 2.6%. Industry experts have suggested the fall is attributed to shoppers bringing...

GBP/EUR, GBP/CHF Exchange Rates in Narrow Range After UK Inflation Fall; is Another Brexit Referendum Ahead?
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GBP/EUR, GBP/CHF Exchange Rates in Narrow Range After UK Inflation Fall; is Another Brexit Referendum Ahead?

The Pound began Tuesday’s European trading higher against the Euro (GBP/EUR) and Swiss Franc (GBP/CHF) exchange rates, but began to retrace some of its gains following the release of UK inflation data. As forecast by economists, UK inflation eased from 3.1% to 3.0% in December, relieving the Bank of England (BoE) from pressure to consider...

GBP/USD Soars to Highest Level Since Brexit Referendum
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GBP/USD Soars to Highest Level Since Brexit Referendum

The Pound soared on Friday to attain the highest level since the Brexit referendum as reports hit the market that some European nations, such as Spain and the Netherlands, would be accepting of a softer Brexit. The Pound reached almost $1.37 against the US Dollar (GBP/USD) on the news. Sterling slipped to $1.20 following the...

Pound Sinks, GBP/EUR, GBP/AUD, GBP/NZD, GBP/JPY Exchange Rates Drop after UK Data
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Pound Sinks, GBP/EUR, GBP/AUD, GBP/NZD, GBP/JPY Exchange Rates Drop after UK Data

The Pound Sterling exchange rate has fallen on Wednesday after a mixed bag of economic data. The British currency sank below 1.13 against the Euro (GBP/EUR), and noted hefty losses against the Australian Dollar (GBP/AUD), New Zealand Dollar (GBP/NZD), and Japanese Yen (GBP/JPY). The UK Industrial Production figure grew by 0.4% in November, but the...

Pound Exchange Rate Climbs (GBP/EUR, GBP/CHF, GBP/AUD) Despite Disappointing UK Data
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Pound Exchange Rate Climbs (GBP/EUR, GBP/CHF, GBP/AUD) Despite Disappointing UK Data

The Pound managed to register gains against the Euro (GBP/EUR), Swiss Franc (GBP/CHF), and Australian Dollar (GBP/AUD) as a raft of disappointing economic data made its way onto the market. In Australia, investors weren’t inspired by Australia’s sizeable trade balance reading for November. Despite several months of trade surplusses, the November figure came in at...

GBP/AUD, GBP/USD Exchange Rates Fall as Pound Sinks on Weak Construction Numbers
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GBP/AUD, GBP/USD Exchange Rates Fall as Pound Sinks on Weak Construction Numbers

The Pound slid dramatically against both the US Dollar (GBP/USD) and Australian Dollar (GBP/AUD) in Wednesday’s European session. The Sterling exchange rate slipped following the release of weaker-than-forecast UK construction numbers which showed the sector hadn’t been as productive as analysts had hoped. The Markit UK Construction Purchasing Managers’ Index (PMI) came in at 52.2...