Month: February 2018

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Pound Exchange Rate (GBP) Falls as Wages Remain Behind UK Inflation
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Pound Exchange Rate (GBP) Falls as Wages Remain Behind UK Inflation

The Pound fell against other major currency peers on Wednesday such as the Euro (GBP/EUR) and US Dollar (GBP/USD) but managed to record some gains against the Australian Dollar (GBP/AUD). The British currency fell after disappointing labour market data emerged which showed that UK wages excluding bonuses came in at 2.5% in the three months...

GBP/USD Above 1.40, JPY Outdoes CHF as a Safe-Haven Asset, GBP/CHF Rallies
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GBP/USD Above 1.40, JPY Outdoes CHF as a Safe-Haven Asset, GBP/CHF Rallies

The Pound exchange rate has begun the week above the 1.40 level against the US Dollar (GBP/USD), while climbing against the Swiss Franc (GBP/CHF) and Japanese Yen (GBP/JPY), recovering from weaker-than-forecast UK Retail Spending figures last Friday. The week ahead could see the Pound swing significantly on economic events, with the Bank of England (BoE)...

Pound (GBP) Sinks against US Dollar (USD) and Euro (EUR) after IMF Comments, US Inflation Ahead
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Pound (GBP) Sinks against US Dollar (USD) and Euro (EUR) after IMF Comments, US Inflation Ahead

The Pound exchange rate has begun Wednesday trending lower against the US Dollar (GBP/USD) and Euro (GBP/EUR) after the International Monetary Fund (IMF) released it’s latest assesment of the UK and markets awaited US inflation numbers. Today’s IMF report stated that the UK needed to up its productivity, stating: ‘Directors agreed that structural reforms should...

GBP Falls Back as UK PMI’s Fail to Impress
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GBP Falls Back as UK PMI’s Fail to Impress

The markets began in risk-off mode on Tuesday after a volatile start to the week. The Pound Sterling exchange rate slipped to levels of below 1.40 against the US Dollar (GBP/USD) and resides around the 1.12 mark versus the Euro (GBP/EUR). Markit’s Services Purchasing Managers’ Index (PMI) came in below expectations at 53.0 in January,...