Category: GBP

Pound Exchange Rate Falls (GBP/USD, GBP/CAD) – GBP/AUD Climbs on RBA Inflation Forecast
Post

Pound Exchange Rate Falls (GBP/USD, GBP/CAD) – GBP/AUD Climbs on RBA Inflation Forecast

The Pound sank against the US Dollar (GBP/USD) and Canadian Dollar on Friday as investors awaited a busy data day. Meanwhile, the Pound was able to climb against the Australian Dollar (GBP/AUD) after Reserve Bank of Australia (RBA) Governor Phillip Lowe announced a pull-back in its inflation forecast which was further iterated in the bank’s...

Pound Exchange Rate Sinks with No Further Interest Rate Hikes in Sight
Post

Pound Exchange Rate Sinks with No Further Interest Rate Hikes in Sight

The Pound Sterling exchange rate fell across the board on Thursday after the Bank of England (BoE) decided to raise rates from 0.50% to 0.75%. The Pound to Euro (GBP/EUR) and Pound to US Dollar (GBP/USD) exchange rates sank as markets expected a delay between an additional interest rate increase. Can BoE Justify Interest Rate...

GBP/USD, GBP/CAD Forecast: Pound Awaits Manufacturing Data, Fed Rate Decision, Canadian Manufacturing Ahead
Post

GBP/USD, GBP/CAD Forecast: Pound Awaits Manufacturing Data, Fed Rate Decision, Canadian Manufacturing Ahead

The Pound exchange rate has been in a tight range with the US Dollar (GBP/USD) and Canadian Dollar (GBP/CAD) so far on Wednesday, while jumping higher against the Turkish Lira (GBP/TRY) as markets await a busy day of data. UK Manufacturing Forecast to Fall – Pound Tentative The biggest ecostat for the Pound today is...

Pound to Australian and New Zealand Dollar Exchange Rates Climb (GBP/AUD, GBP/NZD) on Brexit and BoE
Post

Pound to Australian and New Zealand Dollar Exchange Rates Climb (GBP/AUD, GBP/NZD) on Brexit and BoE

The Pound has been trading higher against both the Australian and New Zealand Dollars (GBP/AUD, GBP/NZD) in Thursday’s session as sentiment in Sterling rebounded.  Theresa May Takes Over Brexit Talks and Investors Consider BoE Rate Hike News that Theresa May would be taking direct control of the negotiations between Britain and Brussels buoyed the Pound,...

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

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 Exchange Rate Slips Vs Swiss Franc (GBP/CHF), Canadian Dollar (GBP/CAD), and Swedish Krona (GBP/SEK)
Post

Pound Exchange Rate Slips Vs Swiss Franc (GBP/CHF), Canadian Dollar (GBP/CAD), and Swedish Krona (GBP/SEK)

The Pound exchange rate backed away from political instability on Tuesday, falling against the Canadian Dollar (GBP/CAD) and other currency majors such as the Swiss Franc (GBP/CHF) and Swedish Krona (GBP/SEK). Today an urgent question was asked in commons after news from the Electoral Commission showed that Vote Leave broke electoral law in it’s Brexit...

Pound Exchange Rate Forecast: GBP/EUR, GBP/USD in Tight Range – BoE, Weekly Earnings, Vote Leave in Focus
Post

Pound Exchange Rate Forecast: GBP/EUR, GBP/USD in Tight Range – BoE, Weekly Earnings, Vote Leave in Focus

The Pound (GBP) exchange rate is reacting to news headlines this morning, currently trending in a tight range against the Euro (GBP/EUR) and US Dollar (GBP/USD) after central bank, economic, and political developments have all taken place. The Pound to Euro (GBP/EUR) exchange rate is trading between interbank highs of 1.1307 and lows of 1.1281...

GBP/USD, GBP/EUR in Tight Range as Markets Digest BoE Survey and Tariffs; GBP/TRY Sinks, GBP/JPY Climbs
Post

GBP/USD, GBP/EUR in Tight Range as Markets Digest BoE Survey and Tariffs; GBP/TRY Sinks, GBP/JPY Climbs

The Pound remained in a tight range against both the Euro (GBP/EUR) and US Dollar (GBP/USD) exchange rates on Thursday morning, while falling against the recovering Turkish Lira (GBP/TRY) and climbing against the Japanese Yen (GBP/JPY).  Trump’s Trade War Causes Currency Market Investors to Tread Carefully Trade war worries continue to ripple through the market...