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GBP/USD Above 1.40, JPY Outdoes CHF as a Safe-Haven Asset, GBP/CHF Rallies
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GBP/USD Above 1.40, JPY Outdoes CHF as a Safe-Haven Asset, GBP/CHF Rallies

The Pound exchange rate has begun the week above the 1.40 level against the US Dollar (GBP/USD), while climbing against the Swiss Franc (GBP/CHF) and Japanese Yen (GBP/JPY), recovering from weaker-than-forecast UK Retail Spending figures last Friday. The week ahead could see the Pound swing significantly on economic events, with the Bank of England (BoE)...

Pound (GBP) Sinks against US Dollar (USD) and Euro (EUR) after IMF Comments, US Inflation Ahead
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Pound (GBP) Sinks against US Dollar (USD) and Euro (EUR) after IMF Comments, US Inflation Ahead

The Pound exchange rate has begun Wednesday trending lower against the US Dollar (GBP/USD) and Euro (GBP/EUR) after the International Monetary Fund (IMF) released it’s latest assesment of the UK and markets awaited US inflation numbers. Today’s IMF report stated that the UK needed to up its productivity, stating: ‘Directors agreed that structural reforms should...

GBP/USD Soars to Highest Level Since Brexit Referendum
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GBP/USD Soars to Highest Level Since Brexit Referendum

The Pound soared on Friday to attain the highest level since the Brexit referendum as reports hit the market that some European nations, such as Spain and the Netherlands, would be accepting of a softer Brexit. The Pound reached almost $1.37 against the US Dollar (GBP/USD) on the news. Sterling slipped to $1.20 following the...

GBP/AUD, GBP/USD Exchange Rates Fall as Pound Sinks on Weak Construction Numbers
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GBP/AUD, GBP/USD Exchange Rates Fall as Pound Sinks on Weak Construction Numbers

The Pound slid dramatically against both the US Dollar (GBP/USD) and Australian Dollar (GBP/AUD) in Wednesday’s European session. The Sterling exchange rate slipped following the release of weaker-than-forecast UK construction numbers which showed the sector hadn’t been as productive as analysts had hoped. The Markit UK Construction Purchasing Managers’ Index (PMI) came in at 52.2...

Pound Exchange Rate Q4 Review, GBP/EUR, GBP/USD, GBP/AUD
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Pound Exchange Rate Q4 Review, GBP/EUR, GBP/USD, GBP/AUD

2017 has been quite a bumpy ride for the Pound Sterling exchange rate, with plenty of peaks and troughs as Brexit negotiations continued and economic data continued to disappoint. We’re looking at how the British currency has fared in Q4, and what could lie ahead. Brexit Brexit has to be one of the most powerful...

CAD and NZD Exchange Rates Jump on Oil Surge and RBNZ Governor, UK Inflation Jumps to 3.1%
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CAD and NZD Exchange Rates Jump on Oil Surge and RBNZ Governor, UK Inflation Jumps to 3.1%

The Canadian Dollar exchange rate strengthened slightly against the US Dollar (CAD/USD) and Pound Sterling (CAD/GBP) on Tuesday after oil prices broke through US$65 – the highest level since mid-2015. The jump in black gold came after one of Britain’s key pipelines, the Forties pipeline, was discovered to have a crack. The crack expanded and...