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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...

GBP/NZD, GBP/CAD, GBP/USD Exchange Rate Forecast: NZ GDP, US Retail Sales
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GBP/NZD, GBP/CAD, GBP/USD Exchange Rate Forecast: NZ GDP, US Retail Sales

The Pound to US Dollar (GBP/USD), Pound to Canadian Dollar (GBP/CAD), and Pound to New Zealand (GBP/NZD) exchange rates were trending lower in Wednesday’s European session. The Pound was buoyant yesterday after Phillip Hammond’s Spring Statement which gave positively revised growth forecasts for 2018 and said UK inflation would come back to target and boost...

Pound Rallies on BoE Rate Hike Comments, UK Mortgage Approvals Rise
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Pound Rallies on BoE Rate Hike Comments, UK Mortgage Approvals Rise

The Pound exchange rate began Monday’s European trading above 1.40 against the US Dollar (GBP/USD) and approaching the 1.14 mark versus the Euro (GBP/EUR). Sterling has been offered some support from hawkish Bank of England (BoE) comments regarding interest rates and some positive UK economic data. Last week the Pound gained some support when BoE...

GBP Falls Back as UK PMI’s Fail to Impress
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GBP Falls Back as UK PMI’s Fail to Impress

The markets began in risk-off mode on Tuesday after a volatile start to the week. The Pound Sterling exchange rate slipped to levels of below 1.40 against the US Dollar (GBP/USD) and resides around the 1.12 mark versus the Euro (GBP/EUR). Markit’s Services Purchasing Managers’ Index (PMI) came in below expectations at 53.0 in January,...