Category: TRY

Pound to Euro (GBP/EUR) Exchange Rate Loses Shine – Sterling to Turkish Lira (GBP/TRY) Climbs 1.50%
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Pound to Euro (GBP/EUR) Exchange Rate Loses Shine – Sterling to Turkish Lira (GBP/TRY) Climbs 1.50%

The Pound exchange rate climbed versus the Euro (GBP/EUR) this morning as Bank of England (BoE) comments boosted the British currency. However, gains were short-lived and Sterling began to lose some of its shine as investors grew concerned on how the British economy was faring.  Pound Exchange Rate’s BoE Gains Reversed as UK Factory Orders...

GBP/USD Drops on Stronger Dollar, GBP/TRY Jumps on Politics, GBP/NZD Rises Despite Dairy Increase
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GBP/USD Drops on Stronger Dollar, GBP/TRY Jumps on Politics, GBP/NZD Rises Despite Dairy Increase

The Pound to US Dollar (GBP/USD) exchange rate sank on Thursday after US Advance Retail Sales printed positively and UK wages remained uninspiring. Meanwhile, the Pound jumped dramatically by over 2.0% against the Turkish Lira (GBP/TRY) as political developments unfolded and investors sold-off emerging market currencies; Sterling also made gains against the New Zealand Dollar...

Pound Exchange Rate Forecast: GBP/USD, GBP/EUR Awaiting Inflation and PMI’s, GBP/TRY Advances,
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Pound Exchange Rate Forecast: GBP/USD, GBP/EUR Awaiting Inflation and PMI’s, GBP/TRY Advances,

The Pound has begun Thursday posting gains against the US Dollar (GBP/USD) and Turkish Lira (GBP/TRY), but falling against the Euro (GBP/EUR). Brexit developments are slightly fraught and Theresa May’s leadership in question. On Wednesday, her inner cabinet rejected her proposal for a European Union customs deal for Britain post-Brexit. The cabinet was split six...

Exchange Rate Forecast: GBP/EUR, GBP/USD, GBP/TRY, GBP/AUD; UK Growth Drops
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Exchange Rate Forecast: GBP/EUR, GBP/USD, GBP/TRY, GBP/AUD; UK Growth Drops

The Pound dropped against the Euro (GBP/EUR), US Dollar (GBP/USD), Australian Dollar (GBP/AUD) and Turkish Lira (GBP/TRY) on Friday after UK Gross Domestic Product (GDP) data yielded the weakest reading since 2012. Disappointingly, the UK GDP growth number came in at +0.1% in the first quarter, despite economists forecasting 0.3%. The figure relieves some of...

Pound Euro (GBP/EUR) Exchange Rate Climbs on Praet Inflation, Turkish Lira (TRY) Falls
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Pound Euro (GBP/EUR) Exchange Rate Climbs on Praet Inflation, Turkish Lira (TRY) Falls

The Pound to Euro (GBP/EUR) exchange rate climbed by around +0.40% in the afternoon of Friday’s European trading after the European Central Bank’s (ECB) Peter Praet commented on inflation and ecostats showed the currency bloc’s consumer price index had fallen from 1.3% to 1.2% in February. The ECB’s Chief Economist, Peter Praet, commented on unexpected...

Exchange Rate Forecast: GBP/AUD, GBP/EUR, GBP/USD, GBP/ZAR, GBP/TRY, GBP/INR
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Exchange Rate Forecast: GBP/AUD, GBP/EUR, GBP/USD, GBP/ZAR, GBP/TRY, GBP/INR

While the economic calendar may be lighter over the festive period, there are still a number of data releases that could impact the currency market and the Pound (GBP), Euro (EUR), US Dollar (USD), Turkish Lira (TRY), Australian Dollar (AUD), South African Rand (ZAR) and Indian Rupee (INR) exchange rates. Tuesday 26th December Boxing Day...