Month: June 2018

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Pound Exchange Rate Sinks to 1.30 against US Dollar (GBP/USD) on BoE Debt Concerns
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Pound Exchange Rate Sinks to 1.30 against US Dollar (GBP/USD) on BoE Debt Concerns

The Pound exchange rate began Thursday falling against the US Dollar (GBP/USD) and Euro (GBP/EUR), reaching levels of 1.3066 and 1.1313 respectively. The Sterling exchange rate fell when one a Bank of England (BoE) policymaker, Jon Cunliffe, stated that the central bank was concerned about household debt.  Cunliffe said household debt is: ‘quite high by...

Pound Softens against US Dollar (GBP/USD) as Brexit Concerns Markets; GBP/INR, GBP/TRY in Focus
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Pound Softens against US Dollar (GBP/USD) as Brexit Concerns Markets; GBP/INR, GBP/TRY in Focus

The Pound began the session climbing against the US Dollar (GBP/USD) as US trade concerns rose. Healthy UK services data helped Sterling on Wednesday too, with the GBP/USD exchange rate rising by around 0.6% and outperforming other G10 majors. However, as the session went on, Brexit concerns weighed on Sterling, creating Pound losses across the...

Pound in Tight Range VS Euro, US Dollar, Brexit Still Weighs Exchange Rate Sentiment
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Pound in Tight Range VS Euro, US Dollar, Brexit Still Weighs Exchange Rate Sentiment

Wednesday opened with the Pound trading higher against the US Dollar (GBP/USD) but lower versus the Euro (GBP/EUR) after some Eurozone data came to light. Germany’s latest Markit Construction Purchasing Managers’ Index rose from 50.9 to 53.9 in May, while the Retail PMI printed at 55.5, an improvement on the previous month’s 51.0. Any figure...

Pound Jumps as UK Manufacturing Climbs, GBP/USD, GBP/EUR Exchange Rates Higher
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Pound Jumps as UK Manufacturing Climbs, GBP/USD, GBP/EUR Exchange Rates Higher

The Pound exchange rate managed to climb on Friday afternoon, making gains against both the Euro (GBP/EUR) and US Dollar (GBP/USD) after UK manufacturing data beat expectations. Markit’s latest Manufacturing Purchasing Managers’ Index (PMI) came in at 54.4 in May, an increase from the previous month’s 53.9 and the 53.5 forecast. Meanwhile across the pond,...