Category: TRY

GBP/USD, GBP/CAD Forecast: Pound Awaits Manufacturing Data, Fed Rate Decision, Canadian Manufacturing Ahead
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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 Rockets Against Turkish Lira (GBP/TRY), Higher Against Canadian Dollar and Swiss Franc (GBP/CAD, GBP/CHF)
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Pound Rockets Against Turkish Lira (GBP/TRY), Higher Against Canadian Dollar and Swiss Franc (GBP/CAD, GBP/CHF)

The Pound to Swiss Franc (GBP/CHF) and Sterling to Canadian Dollar (GBP/CAD) exchange rates have been trending higher in Tuesday’s trading, while the Pound has rocketed against the Turkish Lira (GBP/TRY). Canadian Dollar (CAD) Exchange Rate Reacts to Oil Prices and NAFTA Comments Yesterday, oil prices tracked lower and the Canadian Dollar followed, weakening against...

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

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...

Pound Euro (GBP/EUR) Exchange Rate Gains on Italy and Spain’s Political Uncertainty; Elections Ahead
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Pound Euro (GBP/EUR) Exchange Rate Gains on Italy and Spain’s Political Uncertainty; Elections Ahead

Political uncertainty in the Eurozone was back in focus on Monday after a weekend where Italy and Spain posed problems which could lead to prolonged turmoil. In Italy there was a collape of the populist anti-establishment coalition between the League and the Five Star Movement parties leading to another election. The next vote is expected...

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...