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UK Public Finance Data Sends GBP/CAD Lower

Tuesday, May 23rd, 2017

The Pound to Canadian Dollar exchange rate has fallen to its worst levels since late April today following a string of negative UK announcements. Among the factors lowering Pound demand have been a recent Conservative policy U-turn and the Manchester terror attack. In the former case, Theresa May seemingly lost face when she announced that […]

US Turbulence Drives JPY Demand

Wednesday, May 17th, 2017

The Pound weakened against the Japanese Yen on Wednesday, falling to its worst exchange rate since the start of May. This GBP slide has been caused by a negative reaction to UK earnings data. The Pound was in high demand early on Wednesday, bolstered by a surprise drop in UK unemployment. Since then, however, Sterling […]

Forecasts of 5.8% UK Unemployment in 2019 Sends GBP CHF Lower

Monday, May 15th, 2017

The Pound to Swiss Franc exchange rate has dropped to 1.28, but could return to May’s best rate of 1.30 on incoming inflation figures. The Pound’s dip against the Franc has been caused by an EY Item Club forecast for UK unemployment. While unemployment in 2017 is expected to remain at 4.7%, forecasts are for […]

GBP CAD Exchange Rate Dips as Oil Prices Fluctuate

Tuesday, May 9th, 2017

The Pound dipped against the Canadian Dollar as oil prices fluctuated and optimism about a surge in UK reported sales eased. The main UK news today has been the British Retail Consortium’s (BRC) April reported sales figure. Figures showed a rise of 5.6%, making up for March’s -1% drop and superior to the forecast gain […]

GBP NZD Down from Best Levels before BoE Rate Decision

Monday, May 8th, 2017

Although the GBP/NZD exchange rate advanced above 1.88 last week (a multi-month high) the Pound has since dropped heavily against the New Zealand Dollar ahead of central bank announcements from the UK and New Zealand. Sterling’s dip against the New Zealand Dollar follows Emmanuel Macron’s landslide victory in the French Presidential election. Although the result […]

Pound to Turkish Lira Exchange Rate Jumps on UK Services Sector Growth

Thursday, May 4th, 2017

The Pound has fluctuated wildly against the Turkish Lira recently, but managed to rise by 0.9% after surprising growth in the UK services sector. Sterling has been alternately boosted by domestic data but weakened by political developments since May 1st. On the positive side, UK manufacturing, construction and services PMIs have all risen in April, […]

GBP/AUD Exchange Rate Back to 7-Month highs on UK Manufacturing

Tuesday, May 2nd, 2017

The Pound approached multi-month highs against the Australian Dollar on Monday following an unexpectedly upbeat UK data release. Gains were muted however as the Australian Dollar also benefited from positive news from Reserve Bank of Australia (RBA) officials. Last week, the Pound to Australian Dollar exchange rate rose steadily from an opening rate of 1.69 […]

GBP/NOK Exchange Rate Recovers on UK Sales News

Thursday, April 27th, 2017

The Pound to Norwegian Krone exchange rate managed to recover its recent losses as the end of the week approached. Sterling rose by 0.4% against the Norwegian Krone on Thursday, following the release of Confederation of British Industry (CBI) retail figures. Forecasts had been for a slowdown in reported retail sales from 9 points to […]

French Election Optimism sees GBP DKK Exchange Rate Struggle

Wednesday, April 26th, 2017

The Pound has risen by 0.3% against the Danish Krone today but remains down on its weekly highs. Sterling has cautiously advanced against the Krone on a slow data day, with the final pre-election PMQ session proving influential. Spectators were divided on who ‘won’ the final debate, with Jeremy Corbyn testing the PM on pensions […]

GBP NZD Rate Close to Recent Highs despite Weak Sales Stats

Monday, April 24th, 2017

The Pound is largely managing to cling to its recent highs against the New Zealand Dollar today despite a pessimistic prediction for UK economic performance from IHS Markit. Last week, the Pound made decisive gains against the New Zealand Dollar, opening trading at 1.78 on Monday and closing at 1.82 on Friday – the GBP/NZD […]

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