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Brexit Strikes Back; Pound Exchange Rate (GBP/USD) Sinks Below 1.40
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Brexit Strikes Back; Pound Exchange Rate (GBP/USD) Sinks Below 1.40

The Pound exchange rate has come crashing down in the past few sessions, with notable losses against the US Dollar (GBP/USD) to reside below the key 1.40 barrier. Sterling has slipped on Brexit concerns once again amid mounting calls for Theresa May to quit her post. While the Pound may have reached the dazzling heights...

Pound Exchange Rate Slumps  against Canadian and US Dollars (GBP/USD, GBP/CAD) as UK Retail Sales Disappoint
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Pound Exchange Rate Slumps against Canadian and US Dollars (GBP/USD, GBP/CAD) as UK Retail Sales Disappoint

The Pound exchange rate fell against the US Dollar (GBP/USD) and Canadian Dollar on Friday, after some uninspiring UK Retail Sales data. On the year, UK Retail sales slipped from 1.5% to 1.4%, despite forecasts to rise to somewhere in the region of 2.6%. Industry experts have suggested the fall is attributed to shoppers bringing...

GBP/EUR, GBP/CHF Exchange Rates in Narrow Range After UK Inflation Fall; is Another Brexit Referendum Ahead?
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GBP/EUR, GBP/CHF Exchange Rates in Narrow Range After UK Inflation Fall; is Another Brexit Referendum Ahead?

The Pound began Tuesday’s European trading higher against the Euro (GBP/EUR) and Swiss Franc (GBP/CHF) exchange rates, but began to retrace some of its gains following the release of UK inflation data. As forecast by economists, UK inflation eased from 3.1% to 3.0% in December, relieving the Bank of England (BoE) from pressure to consider...

Pound Exchange Rate Climbs (GBP/EUR, GBP/CHF, GBP/AUD) Despite Disappointing UK Data
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Pound Exchange Rate Climbs (GBP/EUR, GBP/CHF, GBP/AUD) Despite Disappointing UK Data

The Pound managed to register gains against the Euro (GBP/EUR), Swiss Franc (GBP/CHF), and Australian Dollar (GBP/AUD) as a raft of disappointing economic data made its way onto the market. In Australia, investors weren’t inspired by Australia’s sizeable trade balance reading for November. Despite several months of trade surplusses, the November figure came in at...

Exchange Rate Forecast: GBP/AUD, GBP/EUR, GBP/USD, GBP/ZAR, GBP/TRY, GBP/INR
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Exchange Rate Forecast: GBP/AUD, GBP/EUR, GBP/USD, GBP/ZAR, GBP/TRY, GBP/INR

While the economic calendar may be lighter over the festive period, there are still a number of data releases that could impact the currency market and the Pound (GBP), Euro (EUR), US Dollar (USD), Turkish Lira (TRY), Australian Dollar (AUD), South African Rand (ZAR) and Indian Rupee (INR) exchange rates. Tuesday 26th December Boxing Day...

GBP/USD, GBP/AUD Exchange Rates Climb after Hammond’s Autumn Budget Today
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GBP/USD, GBP/AUD Exchange Rates Climb after Hammond’s Autumn Budget Today

The Pound to US Dollar (GBP/USD) and Pound to Australian Dollar (GBP/AUD) exchange rates were trending higher on Wednesday following Phillip Hammond’s Autumn Budget. Sterling experienced some losses during the statement as markets digested what the Budget meant for Brexit Britain, but soon after the GBP exchange rate had climbed by around +0.30% against the...

GBP/EUR Climbs Despite Public Borrowing Rise ahead of Hammond’s Budget
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GBP/EUR Climbs Despite Public Borrowing Rise ahead of Hammond’s Budget

The Pound to Euro (GBP/EUR) exchange rate made gains on Tuesday after UKĀ Public Sector Net Borrowing Figures came to light and Theresa May gained support to offer a more substantial divorce settlement, while Germany faced the prospect of a second election. Markets are keenly awaiting tomorrow’s Budget from Chancellor to the Exchequer Phillip Hammond, and...

GBP/AUD at Six-Month High, GBP/USD Rises on Trump Subpoena and Brexit Hopes
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GBP/AUD at Six-Month High, GBP/USD Rises on Trump Subpoena and Brexit Hopes

The Pound to Australian Dollar (GBP/AUD) exchange rate topped a six-month high last week and continued to climb in Monday’s European session. The gain in Sterling has been attributed to renewed Brexit hopes and an ebbing risk-appetite for the Trans-Tasman currencies. The US Dollar’s decline last week caused currencies such as the Aussie and the...

Jackson Hole Event, UK GDP Figures, Draghi Speech Ahead
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Jackson Hole Event, UK GDP Figures, Draghi Speech Ahead

Last week the Pound didn’t have a great run against the Euro (GBP/EUR), finishing at 1.09 against the Single Currency. However, it did peek through the 1.10 barrier a few times. The UK’s inflation reading disappointed markets coming in at 2.6% on the year, higher inflation would be likely to nudge the Bank of England...