Latest Currency News Continued - page 80

Pound Australian Dollar (GBP/AUD) Exchange Rate Trades Narrowly amid Poor UK Data The Pound Australian Dollar (GBP/AUD) exchange rate is trading narrowly after weak UK consumer confidence and retail sales figures. The Pound (GBP) is also remaining weak after PMI figures indicated a slowdown to private sector growth. The Australian Dollar (AUD) is also struggling today amid concerns of China’s steel output. At time of...

GBP/EUR Collapses on Weak UK Retail Sales The Pound Euro (GBP/EUR) exchange rate is falling today as the UK’s latest retail sales figures fell well short of market forecasts. At the time of writing, the GBP/EUR exchange rate is trading at approximately €1.1935, down roughly 0.7% from today’s opening levels. Pound (GBP) Nosedives as UK Retail Sales Underperform The Pound (GBP) is dropping against the Euro (EUR)...

GBP/USD Exchange Rate Trades Sideways on Mixed Trading Stimuli The Pound US Dollar (GBP/USD) exchange rate is wavering so far today as both currencies face headwinds. Pound (GBP) sentiment is dampened by a weak economic growth forecast as well as political volatility following the ‘Partygate’ scandal; meanwhile, the US Dollar (USD) fails to climb ahead of Federal Reserve Chairman Jerome Powell’s testimony this...

GBP/EUR Nosedives as ECB Delivers Hawkish Tone The Pound Euro (GBP/EUR) exchange rate is plummeting today as a result of hawkish comments from European Central Bank (ECB) policymakers. At the time of writing, the GBP/EUR exchange rate is trading at approximately €1.1990, down roughly 0.5% from today’s opening levels. Euro (EUR) Skyrockets as ECB Rate Hike ‘Possible’ The Euro (EUR) is trending higher against...

GBP/USD Rises amid Risk-On Sentiment The Pound US Dollar (GBP/USD) exchange rate is trading slightly higher amid improving risk appetite. At the time of writing, the GBP/USD exchange rate is trading at approximately $1.3037, roughly up by 0.3% from today’s opening levels. Pound (GBP) Climbs as Risk-On Sentiment Returns The Pound (GBP) is trending higher against the US Dollar (USD) as a risk-on sentiment...

GBP/EUR Muted Ahead of ECB’s Monetary Policy Decision The Pound Euro (GBP/EUR) exchange rate is trading in a narrow range today as EUR investors await the European Central Bank’s (ECB) monetary policy decision and forward guidance. At the time of writing, the GBP/EUR exchange rate is trading at approximately €1.2038, with minimal movement from today’s opening levels. Euro (EUR) Subdued as Investors Await...

GBP/USD Rangebound as UK CPI Surges The Pound US Dollar (GBP/USD) exchange rate is trading in a narrow range today as the UK’s consumer price index soars to a 30-year high. At the time of writing, the GBP/USD exchange rate is trading at approximately $1.3002, with minimal movement from today’s opening levels. Pound (GBP) Subdued as High UK Inflation Exacerbates Cost of Living Crisis The Pound (GBP) is...

GBP/EUR Muted as German ZEW Economic Sentiment Declines The Pound Euro (GBP/EUR) exchange rate is trading in a narrow range today after Germany’s ZEW indicator of Economic Sentiment Index reported the largest drop in sentiment since the start of the Covid pandemic. At the time of writing, the GBP/EUR exchange rate is trading at approximately €1.1967, with minimal movement from today’s opening levels. Euro (EUR)...

GBP/EUR Slips in Response to Lower-Than-Expected UK GDP Reading The Pound Euro (GBP/EUR) exchange rate is trading lower today after the UK economy expanded at a slower rate than forecast during February. At the time of writing, the GBP/EUR exchange rate is trading at approximately €1.1945, roughly down 0.3% from today’s opening levels. Pound (GBP) Drops Following Disappointing UK GDP Reading The Pound (GBP) is...

Pound Australian Dollar (GBP/AUD) Exchange Rate Rangebound amid Risk-Off Trading The Pound Australian Dollar (GBP/AUD) exchange rate is trading within a narrow range today. A risk-off market mood is weighing on both currencies today as the conflict in Ukraine continues. A poor future outlook for the UK economy is also likely keeping pressure on the Pound (GBP) today. At time of writing the GBP/AUD exchange rate is at...