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Upswing in GBP JPY as UK Inflation Surges

Tuesday, March 21st, 2017

The Pound to Japanese Yen (GBP JPY) exchange rate spiked on Tuesday following the release of impressive inflation figures from the UK. GBP JPY currently sits around 140.20 following the release of the inflation data, up from around 139.18 at the start of the day’s session. The Pound jumped against the Japanese Yen this morning […]

GBP INR Tumbles as Theresa May Announces Brexit Date

Monday, March 20th, 2017

The Pound to Indian Rupee (GBP INR) exchange rate slumped this afternoon as Prime Minister Theresa May announced that she will trigger Article 50 next Wednesday, effectively beginning the Brexit process and starting two years of negotiations. The GBP INR rate fell to 80.95 following the announcement, down from a high of 81.22 earlier in […]

GBP INR Fluctuates as SNP to Seek Second Referendum

Monday, March 13th, 2017

The Pound to Indian Rupee (GBP INR) exchange rate fluctuated on Monday as SNP leader Nicola Sturgeon announced she would be seeking a second referendum on Scottish Independence GBP INR is currently trading around 80.90 after briefly spiking to 81.22 earlier in the morning. The Pound (GBP) softened this afternoon as Scottish First minister Nicola […]

USD Dips Ahead of Expected Fed Rate Hike

Friday, March 10th, 2017

The Australian Dollar to US Dollar exchange rate rallied on Friday afternoon as markets reacted to the latest labour statistics from the US. AUD USD jumped from 0.7518 to 0.7549 following the release of the US job data. The US Non-Farm Payrolls figures for February printed far higher than expected, with the US economy adding […]

Euro to US Dollar Exchange Rate Rallies Following ECB Meeting

Thursday, March 9th, 2017

The Euro ticked higher against the US Dollar this afternoon in reaction to the European Central Banks’s (ECB) latest monetary policy meeting. Following the meeting the EUR USD exchange rate rocketed to 1.06, up from 1.05 immediately beforehand. Unsurprisingly the central bank voted to keep Eurozone interest rates at a record low of 0% while […]

Pound Appreciates against Danish Krone as House of Lords Set to Debate Brexit Bill

Monday, February 20th, 2017

The Pound (GBP) climbed against the Danish Krone (DKK) today as the House of Lords began debating the government’s Brexit bill. The Pound rose on Monday as traders grew increasingly optimistic about the potential for the House of Lords to make amendments to the government’s Brexit bill. The legislation will grant the government the authority […]

GBP JPY Falls As Labour Amendments to Brexit Bill Rejected

Tuesday, February 7th, 2017

The Pound to Japanese Yen (GBP JPY) exchange rate hit a new two-week low on Tuesday as strong backing for the government’s Brexit bill caused it to sail thought the first day of debates largely unscathed. GBP JPY currently sits around 139.30 following the release of the manufacturing figures, down from around 139.44 at the […]

GBP INR Plummets as BoE Keeps Interest Rates as Record Low

Thursday, February 2nd, 2017

The Pound to Indian Rupee (GBP INR) exchange rate tumbled Thursday afternoon after the Bank of England voted to leave monetary policy unchanged at its latest meeting. GBP INR is currently trading around 84.49 following the BoE policy meeting down from around 85.58 earlier this morning. The Pound (GBP) plummeted this afternoon as its members […]

EUR ZAR Slides as Leaked EU Report Prompts Fears Eurozone will Lose out in Brexit

Wednesday, February 1st, 2017

The Euro to South African Rand exchange rate plummeted on Wednesday afternoon as a leaked EU report warned that Brexit could potentially damage the remaining 27 members of the union if a ‘workable’ deal is not agreed upon. EUR ZAR currently sits around 14.43 following the report, down from 14.58 earlier this morning and close […]

Euro to US Dollar Exchange Rate Strengthens as Trump Uncertainty Grows

Tuesday, January 24th, 2017

After initially falling this morning due to lacklustre German PMI figures the EUR USD exchange rate rallied close to a new two-month high today as markets remain worried about Donald Trump’s new administration. The Euro continued rising against the US Dollar today as markets grew increasingly unnerved by the lack of any clear published economic […]

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