Category: EUR

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 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,...

Pound Exchange Rate Climbs: GBP/USD Breaks Above 1.40, GBP/EUR Above 1.14 on Brexit Hopes and Weaker US Dollar
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Pound Exchange Rate Climbs: GBP/USD Breaks Above 1.40, GBP/EUR Above 1.14 on Brexit Hopes and Weaker US Dollar

The Pound to US Dollar (GBP/USD) and Pound to Euro (GBP/EUR) exchange rates were able to break through key psychological barriers overnight. GBP/USD rose to above 1.40 for the first time since Brexit, while the GBP/USD exchange rate reached a one-month high of 1.14. Sterling’s gains against the US Dollar follow a bout of USD...

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...

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...

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...

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...

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...