Currency News: UK daily forex news and forecasts
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Latest Currency News Headlines
Pound Sterling US Dollar (GBP/USD) Exchange Rate Recovers from One-Month Low as UK Retail Sales Strengthen
15 Feb 2019 at 12 PM - Written by Frank Davies
STORY LINK Pound Sterling US Dollar (GBP/USD) Exchange Rate Recovers from One-Month Low as UK Retail Sales Strengthen
UK Retail Sales Boost Lifts Pound Sterling US Dollar (GBP/USD) Exchange Rate
A better-than-expected uptick in January’s UK retail sales data helped to lift the Pound Sterling to US Dollar (GBP/USD) exchange rate from its one-month low.
As sales picked up 1.2% on the month this gave investors cause for confidence, suggesting that consumers remain unfazed by Brexit jitters.
Analysts at TD Securities...
CATEGORIES: Pound Dollar Forecasts
Pound Sterling Japanese Yen (GBP/JPY) Exchange Rate Falls on Dovish BoE and Brexit Anxieties
14 Feb 2019 at 3 PM - Written by John Cameron
STORY LINK Pound Sterling Japanese Yen (GBP/JPY) Exchange Rate Falls on Dovish BoE and Brexit Anxieties
Pound Sterling Japanese Yen (GBP/JPY) Exchange Rate Weighed Down by Dovish BoE
Today the Pound Japanese Yen (GBP/JPY) exchange rate fell, due to a dovish Bank of England (BoE) speech and Brexit anxieties, and is currently trading at an inter-bank rate of ¥142.1900.
The Brexit debate in the House of Commons further caused Pound sentiment to slip, with the pairing falling by 0.3%.
The Pound has remained low over the...
CATEGORIES: Pound Yen Forecasts
GBP to CAD Exchange Rate Nears Worst Levels Again as Brexit Jitters Combine with Risk-Sentiment
14 Feb 2019 at 1 PM - Written by James Fuller
STORY LINK GBP to CAD Exchange Rate Nears Worst Levels Again as Brexit Jitters Combine with Risk-Sentiment
The Canadian Dollar has been steadily gaining this week thanks to stronger commodity prices and rising market demand for riskier trade-correlated currencies. The British Pound to Canadian Dollar (GBP/CAD) exchange rate trended near its worst levels since last month as Brexit jitters made the Pound particularly unappealing.
Since opening this week at the level of 1.7174, GBP/CAD has spent most of the week tumbling. On Thursday...
CATEGORIES: Pound Australian Dollar Forecasts
Pound Sterling Japanese Yen (GBP/JPY) Exchange Rate Rises despite UK Inflation at Two-Year Low
13 Feb 2019 at 4 PM - Written by John Cameron
STORY LINK Pound Sterling Japanese Yen (GBP/JPY) Exchange Rate Rises despite UK Inflation at Two-Year Low
Pound Sterling Japanese Yen (GBP/JPY) Exchange Rate Rises as UK Real Wages Grow
The Pound Japanese Yen (GBP/JPY) exchange rate made gains over the course of the session, with the pairing currently trading at an inter-bank rate of ¥142.95.
This morning, following a slew of disappointing UK data releases, the pairing slid, before rallying on positive real wage growth.
Data showed that UK inflation had slowed to a...
CATEGORIES: Pound Yen Forecasts
Pound Sterling Euro (GBP/EUR) Exchange Rate Pushes Higher as Eurozone Production Slides
13 Feb 2019 at 3 PM - Written by Frank Davies
STORY LINK Pound Sterling Euro (GBP/EUR) Exchange Rate Pushes Higher as Eurozone Production Slides
Pound Sterling Euro (GBP/EUR) Exchange Rate Benefits as Eurozone Production Slumps
As Eurozone industrial production slumped -4.2% on the year in December this helped to boost the Pound Sterling to Euro (GBP/EUR) exchange rate on Wednesday.
With production falling at its fastest pace since the financial crisis, following on from weak French and Italian data, confidence in the Euro naturally diminished.
Commenting on the...
CATEGORIES: Pound Euro Forecasts
Pound US Dollar Exchange Rate News: GBP/USD Steady as UK Inflation Strikes Two-Year Low
13 Feb 2019 at 11 AM - Written by John Cameron
STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Steady as UK Inflation Strikes Two-Year Low
Pound (GBP) Exchange Rates Stall as UK Inflation Drops to Two-Year Low
The Pound US Dollar (GBP/USD) exchange rate traded in a narrow range on Wednesday morning as markets digested the UK’s latest Consumer Price Index (CPI).
According to data published by the Office for National Statistics (ONS), UK inflation slumped from 2.1% to 1.8% in January, falling below forecasts of a slightly more modest drop to 1.9%.
This...
CATEGORIES: Pound Dollar Forecasts