Currency News: UK daily forex news and forecasts
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Latest Currency News Headlines
Euro Pound (EUR GBP) Exchange Rate Dips on Upbeat UK Wage Growth
13 Dec 2017 at 2 PM - Written by John Cameron
STORY LINK Euro Pound (EUR GBP) Exchange Rate Dips on Upbeat UK Wage Growth
The Euro Pound (EUR GBP) exchange rate tumbled slightly on Wednesday as markets reacted to upbeat wage growth figures in the UK and some disappointing inflation readings in Germany.
EUR GBP Exchange Rate Slides as Markets React to UK Wage Growth
According to data released on Wednesday from the Office for National Statistics (ONS), average weekly wages in the UK jumped by 2.3% in the three months to October – narrowing the...
CATEGORIES: Euro Pound Forecasts
Higher UK Wage Growth Triggers Pound to Euro Exchange Rate Rise
13 Dec 2017 at 12 PM - Written by Ben Hughes
STORY LINK Higher UK Wage Growth Triggers Pound to Euro Exchange Rate Rise
The GBP/EUR pairing opened in the region of 1.1329 during the morning, later closing higher at 1.1343 by the end of the day.
This advance came despite trader uncertainty about UK inflation, which reached 3.1% in November.
This unexpected rise from 3% put inflation at an almost-6 year high and brought up difficult questions for Bank of England (BoE) Governor Mark Carney.
With inflation over 1.1% higher than the BoE’s...
CATEGORIES: Pound Euro Forecasts
GBP to USD Exchange Rate Fluctuates on Rising UK Inflation
12 Dec 2017 at 1 PM - Written by James Fuller
STORY LINK GBP to USD Exchange Rate Fluctuates on Rising UK Inflation
A higher than expected UK Consumer Price Index (CPI) report had little effect on the British Pound to US Dollar exchange rate on Tuesday. Investors of both currencies are anticipating key data and central bank news coming later in the week.
Following last week’s slip from 1.3475 to 1.3385, GBP/USD has continued to trend lower. On Tuesday morning the pair touched on a low of 1.3314 but generally trended near the level of...
CATEGORIES: Pound Dollar Forecasts
GBP/USD Exchange Rate Drops after Warning Signs from EU’s Verhofstadt
12 Dec 2017 at 12 PM - Written by David Woodsmith
STORY LINK GBP/USD Exchange Rate Drops after Warning Signs from EU’s Verhofstadt
On Monday’s trading session, the Pound slipped against the US Dollar due to a lack of supportive UK data.
The GBP/USD exchange rate opened in the region of 1.3395 early on Monday, but closed down at 1.3347 by the end of the day.
Growing Concerns over Brexit-based Damage Weigh on GBP/USD Exchange Rate
The Pound has seen a small decline against the US Dollar today, amid a flurry of economic data and pessimism over...
CATEGORIES: Dollar Pound Forecasts
Rattled Traders Buy into EUR/GBP Exchange Rate after Brexit Jitters
11 Dec 2017 at 1 PM - Written by Tim Boyer
STORY LINK Rattled Traders Buy into EUR/GBP Exchange Rate after Brexit Jitters
Last week, the Euro made a minor overall loss against the Pound. The EUR/GBP exchange rate opened in the region of 0.8804, but later closed lower at 0.8792 on Friday.
Euro Gains Ground despite Italian Sales Slump
The Euro has advanced against the weaker Pound today, in spite of a mixed set of Eurozone data coming out over the morning.
Good news came from Ireland, which posted a forecast-beating rise in construction...
CATEGORIES: Euro Pound Forecasts
GBP CAD Exchange Rate Tumbles as Brexit Talks Delayed until February 2018
8 Dec 2017 at 4 PM - Written by Frank Davies
STORY LINK GBP CAD Exchange Rate Tumbles as Brexit Talks Delayed until February 2018
The Pound Canadian Dollar (GBP CAD) exchange rate fell on Friday as markets responded to claims from various EU officials that the next phase of talks will not be able to take place until February 2018.
No Brexit Trade Talks Until February 2018 – GBP CAD Tumbles
EU officials have stated that no discussions on a trade deal can take place until February 2018 at the earliest, with the EU once again insisting that it needs...
CATEGORIES: Canadian Dollar Forecasts Daily Currency Updates
EUR/USD Slides as US Non-farm Payrolls Report Beats Forecasts
8 Dec 2017 at 3 PM - Written by Toni Johnson
STORY LINK EUR/USD Slides as US Non-farm Payrolls Report Beats Forecasts
The Euro to US Dollar exchange rate is weakening today after strong US labour market data improved the outlook for the US economy.
The EUR/USD pairing has weakened -0.2% to 1.1752, with poor German trade data further inspiring losses for the common currency.
EUR Weakens as Declining German Exports Causes Trade and Current Account Surpluses to Fall
The latest German trade figures have disappointed forecasts, creating...
CATEGORIES: Euro Forecasts
AUD NZD Exchange Rate Trades Narrowly Following Chinese Trade Data
8 Dec 2017 at 10 AM - Written by John Cameron
STORY LINK AUD NZD Exchange Rate Trades Narrowly Following Chinese Trade Data
The Australian Dollar New Zealand Dollar (AUD NZD) exchange rate trended narrowly in the Asian session last night as both currencies were lifted by the latest trade figures from China.
Australian Dollar (AUD) Steadies as Chinese Trade Impresses
After the publishing of some disappointing domestic trade figures on Thursday the Australian Dollar was prevented from tumbling much further last night thanks to an impressive Chinese...
CATEGORIES: Australian Dollar Forecasts
EUR USD Exchange Rate Weakens on US Fed Rate Hike Anticipation
7 Dec 2017 at 5 PM - Written by Ben Hughes
STORY LINK EUR USD Exchange Rate Weakens on US Fed Rate Hike Anticipation
The Euro US Dollar (EUR USD) exchange rate remained bearish on Thursday with markets anticipating a rate hike from the US Federal Reserve in December whilst also reacting to some mixed ecostats from the bloc.
Eurozone Data Proves Mixed, EUR USD Exchange Rate Remains Weak
Growth in the Eurozone printed at 0.6% quarter-on-quarter in the three months to September according to official data, with private consumption investment...
CATEGORIES: Euro Forecasts
GBP CAD Exchange Rate Advances Following Dovish BoC Meeting
7 Dec 2017 at 12 PM - Written by John Cameron
STORY LINK GBP CAD Exchange Rate Advances Following Dovish BoC Meeting
The Pound Canadian Dollar (GBP CAD) exchange rate struck a new weekly high this morning on the back of the Bank of Canada’s (BoC) latest policy meeting and Brexit optimism.
Canadian Dollar’s (CAD) Tumbles as BoC Appear Dovish towards Future Rate Hikes
The Canadian Dollar remains on the back foot this morning after plummeting yesterday in reaction to the BoC’s latest rate decision.
As had been widely forecast ahead...
CATEGORIES: Pound Canadian Dollar Forecasts