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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 to Australian and New Zealand Dollar Exchange Rates Climb (GBP/AUD, GBP/NZD) on Brexit and BoE
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Pound to Australian and New Zealand Dollar Exchange Rates Climb (GBP/AUD, GBP/NZD) on Brexit and BoE

The Pound has been trading higher against both the Australian and New Zealand Dollars (GBP/AUD, GBP/NZD) in Thursday’s session as sentiment in Sterling rebounded.  Theresa May Takes Over Brexit Talks and Investors Consider BoE Rate Hike News that Theresa May would be taking direct control of the negotiations between Britain and Brussels buoyed the Pound,...

Pound Exchange Rate Slips Vs Swiss Franc (GBP/CHF), Canadian Dollar (GBP/CAD), and Swedish Krona (GBP/SEK)
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Pound Exchange Rate Slips Vs Swiss Franc (GBP/CHF), Canadian Dollar (GBP/CAD), and Swedish Krona (GBP/SEK)

The Pound exchange rate backed away from political instability on Tuesday, falling against the Canadian Dollar (GBP/CAD) and other currency majors such as the Swiss Franc (GBP/CHF) and Swedish Krona (GBP/SEK). Today an urgent question was asked in commons after news from the Electoral Commission showed that Vote Leave broke electoral law in it’s Brexit...

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,...

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...

Pound, Euro, US Dollar Exchange Rate Forecast: Brexit and Customs Union, Fed Speeches Ahead
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Pound, Euro, US Dollar Exchange Rate Forecast: Brexit and Customs Union, Fed Speeches Ahead

Brexit developments have created some Pound Sterling exchange rate fluctuations this week, but next week UK data could drive the British currency’s movements. Wednesday will see the UK Inflation Rate figure published, while Friday will see the second estimate of first quarter growth figures come to light.  Friday morning has seen the Pound trade in...

Pound to US Dollar (GBP/USD) Exchange Rate Slides as Advance Retail Sales Revised Higher, GBP/CAD Climbs
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Pound to US Dollar (GBP/USD) Exchange Rate Slides as Advance Retail Sales Revised Higher, GBP/CAD Climbs

The Pound slipped against the US Dollar (GBP/USD) on Tuesday after the latest US Advance Retail Sales number was revised higher in March. The April figure fell in line with forecasts at 0.3%, but the March figure was positively adjusted to 0.8%.  Economist James Knightly commented: ‘Employment is rising, wages are growing and tax cuts...

Euro Exchange Rate Forecast: EUR/USD, EUR/GBP, EUR/JPY; Japanese Inflation Ahead
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Euro Exchange Rate Forecast: EUR/USD, EUR/GBP, EUR/JPY; Japanese Inflation Ahead

Thursday saw the Euro trading lower against the US Dollar (EUR/USD), but gaining ground against the Pound (EUR/GBP) and Japanese Yen (EUR/JPY) ahead of central bank speeches.  Representatives from the Federal Reserve, Bank of England (BoE), and European Central Bank (ECB) will all speak during Thursday’s session which could create some market movement. BoE Chief...