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Pound Exchange Rate (GBP/EUR, GBP/USD) Higher; CBI Data, BoE Broadbent Comments, Eurozone Growth in Focus
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Pound Exchange Rate (GBP/EUR, GBP/USD) Higher; CBI Data, BoE Broadbent Comments, Eurozone Growth in Focus

The Pound to Euro (GBP/EUR) and Sterling to US Dollar (GBP/USD) exchange rates are trading slightly higher on Tuesday as markets digest economic data and central bank developments. Pound Reacts to BoE’s Broadbent Comments on Interest Rate Hikes Dovish comments by Bank of England (BoE) Deputy Governor Ben Broadbent did little to help the Pound...

Pound in Tight Range VS Euro, US Dollar, Brexit Still Weighs Exchange Rate Sentiment
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Pound in Tight Range VS Euro, US Dollar, Brexit Still Weighs Exchange Rate Sentiment

Wednesday opened with the Pound trading higher against the US Dollar (GBP/USD) but lower versus the Euro (GBP/EUR) after some Eurozone data came to light. Germany’s latest Markit Construction Purchasing Managers’ Index rose from 50.9 to 53.9 in May, while the Retail PMI printed at 55.5, an improvement on the previous month’s 51.0. Any figure...

Pound Euro (GBP/EUR) Lower as Exchange Rate Reacts to Brexit
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Pound Euro (GBP/EUR) Lower as Exchange Rate Reacts to Brexit

The Pound has been softer against a basket of major currencies including the Euro (GBP/EUR) as the Prime Minister’s week of Brexit meetings came to a head. Theresa May has been in Bulgaria this week, asking the European Union to give some kind of indication that her Irish border proposals would be accepted.  Great British...

Pound to Australian Dollar Exchange Rate Forecast: Aussie Labour Data and UK GDP and Inflation
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Pound to Australian Dollar Exchange Rate Forecast: Aussie Labour Data and UK GDP and Inflation

The Pound fell against the Australian Dollar (GBP/AUD exchange rate) at the start of Thursday’s European trading as investors assessed Brexit and took Australian employment data into account. Overnight, Australia released mixed labour market data; the Participation Rate edged up from 65.5% to 65.6%, causing the Unemployment Rate to creep higher to 5.6% from 5.5%.  Meanwhile,...

Pound to Euro/US Dollar/Australian Dollar Exchange Rates in Tight Range; US Confidence Rises
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Pound to Euro/US Dollar/Australian Dollar Exchange Rates in Tight Range; US Confidence Rises

The Pound has been trending in a tight range against the Euro (GBP/EUR), US Dollar (GBP/USD) and Australian Dollar (GBP/AUD) on Tuesday after tumbling lower in recent sessions from the highest levels seen since the Brexit referendum. Sterling dropped at the end of last week when Bank of England (BoE) Governor Mark Carney quashed hopes...

Euro to US Dollar and Pound (EUR/USD, EUR/GBP) Exchange Rates Climb
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Euro to US Dollar and Pound (EUR/USD, EUR/GBP) Exchange Rates Climb

The Euro climbed against the US Dollar (EUR/USD) and the Pound (EUR/GBP) on Thursday after Eurozone inflation picked up and unemployment dropped to the lowest level since 2008 in Wednesday’s trading. The ecostats boded well for Eurozone policymakers considering the future monetary policy decisions and gave markets some renewed hope that higher interest rates could...