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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...

Pound Exchange Rate Forecast: GBP/USD, GBP/EUR Awaiting Inflation and PMI’s, GBP/TRY Advances,
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Pound Exchange Rate Forecast: GBP/USD, GBP/EUR Awaiting Inflation and PMI’s, GBP/TRY Advances,

The Pound has begun Thursday posting gains against the US Dollar (GBP/USD) and Turkish Lira (GBP/TRY), but falling against the Euro (GBP/EUR). Brexit developments are slightly fraught and Theresa May’s leadership in question. On Wednesday, her inner cabinet rejected her proposal for a European Union customs deal for Britain post-Brexit. The cabinet was split six...

Pound Slips Against US Dollar (GBP/USD), Sterling to Euro/Japanese Yen in Tight Range
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Pound Slips Against US Dollar (GBP/USD), Sterling to Euro/Japanese Yen in Tight Range

The Pound has begun Wednesday morning on the back foot against the US Dollar (GBP/USD) while remaining in a tight range against both the Euro (GBP/EUR) and Japanese Yen (GBP/JPY) exchange rates. Japenese Activity Rebounds, will GDP Follow? In Japan, the latest All Industry Activity Index came in just below forecasts at +0.4%. Despite not...

Pound (GBP), Canadian Dollar (CAD), US Dollar (USD), Euro (EUR), Exchange Rate Forecast
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Pound (GBP), Canadian Dollar (CAD), US Dollar (USD), Euro (EUR), Exchange Rate Forecast

Pound Sterling (GBP) Exchange Rate Forecast to Fluctuate on Mortgage Data The Pound could be in for some movement today with the release of the latest UK Net Consumer Credit, Mortgage Approvals, and Net Lending Secured on Dwellings ecostats. Additionally, the final Q4 Gross Domestic Product (GDP) figures are due out which could cause movement...

Pound Euro, Pound US Dollar, and Pound Rand Exchange Rates Fall
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Pound Euro, Pound US Dollar, and Pound Rand Exchange Rates Fall

The Pound exchange rate had a bad start to Tuesday when it retraced some of its gains against the euro (GBP/EUR), US Dollar (GBP/USD), and South African Rand (GBP/ZAR). Monday’s trading had seen the British currency climb against the US Dollar and Euro as Sterling strength swept across the board on hopes for a soft...