Category: USD

GBP/USD Above 1.40, JPY Outdoes CHF as a Safe-Haven Asset, GBP/CHF Rallies
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GBP/USD Above 1.40, JPY Outdoes CHF as a Safe-Haven Asset, GBP/CHF Rallies

The Pound exchange rate has begun the week above the 1.40 level against the US Dollar (GBP/USD), while climbing against the Swiss Franc (GBP/CHF) and Japanese Yen (GBP/JPY), recovering from weaker-than-forecast UK Retail Spending figures last Friday. The week ahead could see the Pound swing significantly on economic events, with the Bank of England (BoE)...

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,...

Brexit Strikes Back; Pound Exchange Rate (GBP/USD) Sinks Below 1.40
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Brexit Strikes Back; Pound Exchange Rate (GBP/USD) Sinks Below 1.40

The Pound exchange rate has come crashing down in the past few sessions, with notable losses against the US Dollar (GBP/USD) to reside below the key 1.40 barrier. Sterling has slipped on Brexit concerns once again amid mounting calls for Theresa May to quit her post. While the Pound may have reached the dazzling heights...

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...

Pound Exchange Rate Slumps  against Canadian and US Dollars (GBP/USD, GBP/CAD) as UK Retail Sales Disappoint
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Pound Exchange Rate Slumps against Canadian and US Dollars (GBP/USD, GBP/CAD) as UK Retail Sales Disappoint

The Pound exchange rate fell against the US Dollar (GBP/USD) and Canadian Dollar on Friday, after some uninspiring UK Retail Sales data. On the year, UK Retail sales slipped from 1.5% to 1.4%, despite forecasts to rise to somewhere in the region of 2.6%. Industry experts have suggested the fall is attributed to shoppers bringing...

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...