Month: May 2018

Pound Slips Versus Euro, GBP/USD Climbs as UK Consumer Credit Jumps
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Pound Slips Versus Euro, GBP/USD Climbs as UK Consumer Credit Jumps

The Pound to Euro (GBP/EUR) exchange rate has been trending in a tight range on Thursday, while the Sterling to US Dollar (GBP/USD) exchange rate jumped by around 0.30%. UK Net Consumer Credit numbers soared in April, coming in at 1.832B after a slower 0.425B the month before. Some industry experts are hoping that a...

Pound Euro (GBP/EUR) Exchange Rate Gains on Italy and Spain’s Political Uncertainty; Elections Ahead
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Pound Euro (GBP/EUR) Exchange Rate Gains on Italy and Spain’s Political Uncertainty; Elections Ahead

Political uncertainty in the Eurozone was back in focus on Monday after a weekend where Italy and Spain posed problems which could lead to prolonged turmoil. In Italy there was a collape of the populist anti-establishment coalition between the League and the Five Star Movement parties leading to another election. The next vote is expected...

Pound to Euro (GBP/EUR) Exchange Rate Loses Shine – Sterling to Turkish Lira (GBP/TRY) Climbs 1.50%
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Pound to Euro (GBP/EUR) Exchange Rate Loses Shine – Sterling to Turkish Lira (GBP/TRY) Climbs 1.50%

The Pound exchange rate climbed versus the Euro (GBP/EUR) this morning as Bank of England (BoE) comments boosted the British currency. However, gains were short-lived and Sterling began to lose some of its shine as investors grew concerned on how the British economy was faring.  Pound Exchange Rate’s BoE Gains Reversed as UK Factory Orders...

Canadian Dollar Forecast: Inflation Slips, Oil Predicted to Fall Again
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Canadian Dollar Forecast: Inflation Slips, Oil Predicted to Fall Again

The Canadian Dollar to Pound (CAD/GBP) exchange rate has been in a tight range today after Canadian ecostats were mixed and investors waited for more news on Brexit. Canadian Retail Sales and Inflation Data Prints The Canadian Dollar lost some ground to the Pound on Friday after the Canadian Consumer Price Index fell on the...

Pound Under Pressure as Customs Union and Brexit Claims Hit Markets
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Pound Under Pressure as Customs Union and Brexit Claims Hit Markets

The Pound is being pressured lower against other currency majors such as the Euro (GBP/EUR) and US Dollar (GBP/USD) as markets went back and forth over claims surrounding the UK’s relationship with the EU after Brexit.  Up and Downs – Pound’s Performance so Far 2018 So far this year, the Pound to Euro (GBP/EUR) exchange...

Pound Euro (GBP/EUR) Lower as Exchange Rate Reacts to Brexit
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Pound Euro (GBP/EUR) Lower as Exchange Rate Reacts to Brexit

The Pound has been softer against a basket of major currencies including the Euro (GBP/EUR) as the Prime Minister’s week of Brexit meetings came to a head. Theresa May has been in Bulgaria this week, asking the European Union to give some kind of indication that her Irish border proposals would be accepted.  Great British...