Month: August 2018

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Pound Exchange Rate Falls (GBP/USD, GBP/CAD) – GBP/AUD Climbs on RBA Inflation Forecast
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Pound Exchange Rate Falls (GBP/USD, GBP/CAD) – GBP/AUD Climbs on RBA Inflation Forecast

The Pound sank against the US Dollar (GBP/USD) and Canadian Dollar on Friday as investors awaited a busy data day. Meanwhile, the Pound was able to climb against the Australian Dollar (GBP/AUD) after Reserve Bank of Australia (RBA) Governor Phillip Lowe announced a pull-back in its inflation forecast which was further iterated in the bank’s...

Pound Exchange Rate Sinks with No Further Interest Rate Hikes in Sight
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Pound Exchange Rate Sinks with No Further Interest Rate Hikes in Sight

The Pound Sterling exchange rate fell across the board on Thursday after the Bank of England (BoE) decided to raise rates from 0.50% to 0.75%. The Pound to Euro (GBP/EUR) and Pound to US Dollar (GBP/USD) exchange rates sank as markets expected a delay between an additional interest rate increase. Can BoE Justify Interest Rate...

GBP/USD, GBP/CAD Forecast: Pound Awaits Manufacturing Data, Fed Rate Decision, Canadian Manufacturing Ahead
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GBP/USD, GBP/CAD Forecast: Pound Awaits Manufacturing Data, Fed Rate Decision, Canadian Manufacturing Ahead

The Pound exchange rate has been in a tight range with the US Dollar (GBP/USD) and Canadian Dollar (GBP/CAD) so far on Wednesday, while jumping higher against the Turkish Lira (GBP/TRY) as markets await a busy day of data. UK Manufacturing Forecast to Fall – Pound Tentative The biggest ecostat for the Pound today is...