Category: INR

Pound Softens against US Dollar (GBP/USD) as Brexit Concerns Markets; GBP/INR, GBP/TRY in Focus
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Pound Softens against US Dollar (GBP/USD) as Brexit Concerns Markets; GBP/INR, GBP/TRY in Focus

The Pound began the session climbing against the US Dollar (GBP/USD) as US trade concerns rose. Healthy UK services data helped Sterling on Wednesday too, with the GBP/USD exchange rate rising by around 0.6% and outperforming other G10 majors. However, as the session went on, Brexit concerns weighed on Sterling, creating Pound losses across the...

GBP/EUR, GBP/INR Higher as German Coalition Talks Collapse, Hammond’s Budget Ahead
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GBP/EUR, GBP/INR Higher as German Coalition Talks Collapse, Hammond’s Budget Ahead

The Pound to Euro (GBP/EUR) and Pound to Indian Rupee (GBP/INR) exchange rates were both trending higher in the morning of Monday’s European session as political jitters struck the market and investor demand for the US Dollar caused Rupee losses. In the Eurozone, German Chancellor Angela Merkel has been attempting to forge a new coalition...