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GBP NZD Rebounds from 3-Week Low

Monday, July 24th, 2017

After dropping to a three-week low before the weekend, the Pound advanced against the New Zealand Dollar on Monday despite a negative forecast for the UK economic outlook. The biggest Pound-support today has been talk of a trade deal being forged between the UK and US, with trade negotiators from both countries meeting in Washington […]

BoE Official Backs Rate Hike, GBP/DKK Rises 0.5%

Thursday, July 13th, 2017

The Pound climbed by 0.5% against the Danish Krone on Thursday, hitting an exchange rate of kr8.4370 and taking the pairing away from its recent lows. On a busy Thursday for the UK, the Pound has advanced against the Danish Krone thanks to a strong statement from the Bank of England’s (BoE) Ian McCafferty. Commenting […]

Pound to Turkish Lira Exchange Rate at 5-Month High

Friday, July 7th, 2017

Friday has seen the Pound to Lira exchange rate rise to a five-month high, achieving the best levels since early February 2017. Although the Pound has been generally weaker due to a bout of poor domestic data, GBP TRY has still advanced due to concerns about Turkish President Recep Tayyip Erdogan. In a pair of negative announcements, […]

Pound to Rupee Exchange Rate Dips as UK PMIs Disappoint

Tuesday, July 4th, 2017

The Pound has spent this week slipping against the Indian Rupee owing to less-than-impressive UK PMIs. The Pound has fallen from 84.0638 on Monday to 83.7338 on Tuesday. This weakness was partly due to a pair of disappointing UK PMI results for June. Both the manufacturing and construction measures have shown activity slowing by more than expected. […]

GBP NZD Rate Close to 3-Week High

Monday, July 3rd, 2017

The Pound was able to remain in the region of a three-week high against the New Zealand Dollar on Monday despite the release of weaker than forecast UK manufacturing data. After rallying last week on the back of Bank of England (BoE) rate hike expectations, the Pound’s bullish attitude faltered slightly on Monday following the […]

Euro to US Dollar Exchange Rate over One Year-High after ECB Uplift

Thursday, June 29th, 2017

The Euro hit an over one-year high against the US Dollar today, trading at the best exchange rate since May 2016. This exceptional movement comes from an extremely optimistic interpretation of European Central Bank (ECB) comments. The Euro’s latest rise against the US Dollar is built on sand, to some extent, given that it relies […]

AUD USD Exchange Rate Firms on Soaring Commodities Prices

Wednesday, June 28th, 2017

The Australian Dollar has appreciated against the US Dollar today thanks to commodity news. The Australian Dollar has advanced by 0.3% against the US Dollar, mainly having been supported by rising iron ore prices. Costs made their largest one-day rise in four months on Tuesday, thanks to a push for higher grade steel by the […]

ECB’s Draghi Praises Policy Measures, EUR/ZAR Exchange Rate Gains

Tuesday, June 27th, 2017

The Euro jumped by 1.3% against the South African Rand thanks to strongly supporting statements from European Central Bank (ECB) President Mario Draghi. Draghi broadly praised existing ECB monetary policy, stating that it has done much to stabilise the Eurozone. Crucially, Draghi dismissed fears of deflationary pressures in the Eurozone, instead highlighting that the currency bloc […]

Uncertainty about DUP Deal sees GBP/ZAR Fluctuate

Monday, June 26th, 2017

The Pound dropped -0.5% against the Rand on Monday but could bounce back if the government makes a long-awaited announcement. Sterling exchange rates have been putting in a mixed performance since markets reopened after the weekend, with the Pound struggling against the Rand but gaining on the US Dollar and Euro. GBP fluctuations have been […]

Pound Dips against Swiss Franc on Brexit Fears

Thursday, June 22nd, 2017

The Pound has fallen slightly against the Swiss Franc, remaining in the doldrums as Brexit talks continue. The Pound dipped against the Swiss Franc today as a series of conflicting Bank of England (BoE) statements left GBP in flux. Sterling advanced strongly against the Franc on June 21st when BoE official Andy Haldane surprisingly talked up […]

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