Latest Currency News Continued - page 77

GBP/AUD Slips on Australian Election 2022 The Pound Australian Dollar (GBP/AUD) exchange rate is facing headwinds at the opening of today’s European session as the Australian election looks set to produce a new majority government. Meanwhile, the Pound (GBP) continues to struggle amid the UK cost-of-living crisis. At the time of writing, the GBP/AUD exchange rate is trading at approximately €1.77. Australian Dollar...

GBP/EUR Edges Higher as EUR Investors Look Towards ECB Accounts The Pound Euro (GBP/EUR) exchange rate is edging higher at the opening of today’s European session as EUR investors await the European Central Bank’s (ECB) May monetary policy accounts. However, GBP/EUR upside remains limited following the UK’s latest consumer price index, released yesterday. At the time of writing, the GBP/EUR exchange rate is trading at...

GBP/EUR Plummets as UK CPI Reaches Highest Level Since 1982 The Pound Euro (GBP/EUR) exchange rate tumbled at the opening of today’s European session in response to the UK’s latest consumer price index. However, GBP/EUR is beginning to regain some losses as Eurozone’s inflation missed forecasts. At the time of writing, the GBP/EUR exchange rate is trading at approximately €1.18. Pound (GBP) Collapses as UK CPI...

Pound US Dollar (GBP/USD) Exchange Rate Shoots Upward amid USD Profit-Taking The Pound US Dollar (GBP/USD) exchange rate is skyrocketing and close to hitting two-week highs today. Better-than-expected UK employment figures are likely helping to push the currency pair higher today, as well as a recovery in global risk appetite. US Dollar (USD) profit-taking may also be boosting GBP/USD. A boost to US retail sales and Brexit...

GBP/AUD Flat amid China’s Economic Slowdown The Pound Australian Dollar (GBP/AUD) exchange rate is trading in a narrow range today due to an array of disappointing Chinese data, placing pressure on the global economic recovery. At the time of writing, the GBP/AUD exchange rate is trading at approximately AU$1.7682, shedding most of its overnight gains. Australian Dollar (AUD) Subdued After China’s Lockdown...

GBP/AUD Stumbles as Risk-On Sentiment Prevails The Pound Australian Dollar (GBP/AUD) exchange rate is falling today amid improved risk appetite as Chinese authorities look to reopen Shanghai. At the time of writing, the GBP/AUD exchange rate is trading at approximately AU$1.7702, down roughly 0.4% from today’s opening levels. Australian Dollar (AUD) Bolstered by the Possibility of Easing Chinese Lockdowns The...

US Dollar (USD) Falters after Hitting Two-Year Highs The US Dollar (USD) softened overnight after a shift in risk sentiment saw investors move from the safe-haven currency in the wake of news of the reopening of Shanghai. Deputy Mayor Wu Qingat stated that the city is aiming for zero Covid infections by mid-May, with Shanghai opening back up, the easing of traffic restrictions and shops opening in a responsible...

The Euro (EUR) Stutters as Fears Continue to Grow around Protracted Ukraine Conflict The Euro (EUR) is faltering against the Pound as the resurgence of geopolitical risk-aversion weighs heavily. With Finland now set to join NATO, much to the chagrin of the Kremlin, the ongoing crisis in Ukraine shows no signs of abating. Russia has previously stated that Finland’s move to join NATO was a threat to Russia. The country’s...

GBP/CAD Subdued as UK GDP Growth Rate Slows The Pound Canadian Dollar (GBP/CAD) exchange rate is trading in a narrow range this morning amid slower-than-expected UK GDP. At the time of writing, the GBP/CAD exchange rate is trading at approximately CA$1.5880, with minimal movement from today’s opening levels. Pound (GBP) Muted on Slower-Than-Forecast UK GDP Growth Rate The Pound (GBP) is rangebound against the...

GBP/AUD Stumbles as China’s CPI Reaches Five-Month High The Pound Australian Dollar (GBP/AUD) exchange rate is falling today after China’s consumer price index printed above expectations in April. At the time of writing, the GBP/AUD exchange rate is trading at approximately AU$1.7670, roughly down 0.5% from today’s opening levels. Australian Dollar (AUD) Bolstered by Chinese Inflation Release The...