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Pound Exchange Rate (GBP) Falls as Wages Remain Behind UK Inflation
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Pound Exchange Rate (GBP) Falls as Wages Remain Behind UK Inflation

The Pound fell against other major currency peers on Wednesday such as the Euro (GBP/EUR) and US Dollar (GBP/USD) but managed to record some gains against the Australian Dollar (GBP/AUD). The British currency fell after disappointing labour market data emerged which showed that UK wages excluding bonuses came in at 2.5% in the three months...

Pound Sinks, GBP/EUR, GBP/AUD, GBP/NZD, GBP/JPY Exchange Rates Drop after UK Data
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Pound Sinks, GBP/EUR, GBP/AUD, GBP/NZD, GBP/JPY Exchange Rates Drop after UK Data

The Pound Sterling exchange rate has fallen on Wednesday after a mixed bag of economic data. The British currency sank below 1.13 against the Euro (GBP/EUR), and noted hefty losses against the Australian Dollar (GBP/AUD), New Zealand Dollar (GBP/NZD), and Japanese Yen (GBP/JPY). The UK Industrial Production figure grew by 0.4% in November, but the...

GBP/EUR Exchange Rate Eases after Gains, Drops to 1.12
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GBP/EUR Exchange Rate Eases after Gains, Drops to 1.12

While Wednesday morning saw the Pound to US Dollar (GBP/USD) and the Pound to Euro (GBP/EUR) exchange rate climb on positive Bank of England (BoE) Brexit news, the afternoon saw the British currency fall back, remaining in a tight range. So far, Wednesday’s trading has seen the GBP/EUR exchange rate reach highs of 1.1325, while...

Pound Continues Rally; GBP/EUR, GBP/AUD Exchange Rates on a Brexit Roll
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Pound Continues Rally; GBP/EUR, GBP/AUD Exchange Rates on a Brexit Roll

The Pound Sterling exchange rate rallied on Thursday against the Euro (GBP/EUR) and Australian Dollar (GBP/AUD) as markets watched Brexit divorce deal developments unfold. It seems as if Theresa May could be placing an offer on the table that might see talks move onto trade, something markets are keen to see in order to begin...

GBP/AUD Climbs after RBA Announcement and UK Data
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GBP/AUD Climbs after RBA Announcement and UK Data

The pound was able to climb against the Australian dollar (GBP/AUD) on Friday after the Reserve Bank of Australia (RBA) downgraded its growth forecasts and UK economic data emerged. Sterling enjoyed an upswing against the Aussie as markets digested RBA comments; the central bank cut growth expectations by 25 percentage points, meaning the economy is...

CNY/USD Gains on US Tax Reforms, Trump Arrives in Bejing
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CNY/USD Gains on US Tax Reforms, Trump Arrives in Bejing

The Chinese Yuan rose against the Pound (CNY/GBP), Euro (CNY/EUR), and US Dollar (CNY/USD) in Wednesday afternoon’s European trading despite the release of lacklustre Chinese data earlier in the session. Chinese Exports came in at 6.9% in October on the year, despite forecasts for 7.1% and September’s 8.0% reading. Imports also eased in October, coming...

Pound Climbs Versus Australian Dollar (GBP/AUD) after RBA Interest Rate Decision
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Pound Climbs Versus Australian Dollar (GBP/AUD) after RBA Interest Rate Decision

The Australian Dollar to Pound Sterling (AUD/GBP) exchange rate was trending lower at the start of Tuesday’s European session following the Reserve Bank of Australia’s (RBA’s) interest rate decision. While the central bank kept rates on hold as expected, some of the language used by Governor Philip Lowe dampened markets. The RBA Chief stated: ‘One...