Latest Articles by Ben Hughes

As the latest round of Brexit talks ended with rather pessimistic tone from officials the Pound Euro exchange rate slumped sharply. Although earlier signs had pointed towards a lack of any tangible progress at this juncture investors were still disappointed by the downbeat tone of the press conference. With Theresa May still adopting a...

On Monday’s trading session, the Pound advanced against the Australian Dollar from an opening exchange rate of 1.6827 to close around 1.6935 at the end of the day. This was positive movement in the GBP AUD exchange rate, but wasn't good enough to touch the early-October high of 1.7101. GBP AUD Exchange Rate Update: Pound Weakened by...

As markets reacted poorly to Theresa May’s fraught Conservative Party conference speech the Euro Pound exchange rate made solid gains. Although ministers have been quick to rally around May in the wake of the less-than-triumphant speech the Pound remains under pressure from a sense of political jitters, particularly as Brexit-based...

The previous week saw the Euro progressively worsen against the US Dollar. Although the pairing opened in the region of 1.1929 on Monday, it ultimately closed down at 1.1815 on Friday. Aftermath of Catalan Vote Leaves Difficult Situation for Euro Traders After an attempt at exercising democracy turned nasty over the weekend, the Euro...

On Wednesday’s trading session, the Pound rose against the Canadian Dollar from an opening rate of 1.6622 to close at 1.6730. Pound Trades Tightly after BoE Governor Warns of Limited Powers The Pound has failed to really pick up against the Canadian Dollar today, owing to continuing concerns about Bank of England (BoE) policy and the...

Today’s Pound to Australian Dollar advance primarily comes from an Australian Dollar decline, given that most recent UK news has been negative. Yesterday, the Pound ticked up against the Australian Dollar, from an opening exchange rate of 1.6980 to close near 1.7066. UK Economic News: GBP Traders Rattled by EU Reception to Brexit So...

Yesterday, the Pound saw a slight decline against the US Dollar, opening trading at 1.3519 and closing in the region of 1.3503. This was triggered by a US Dollar-boosting announcement from the Federal Reserve. Pound Flat against US Dollar as UK Drops into Borrowing Deficit Today’s close Pound to US Dollar trading has come due to UK...

The Pound US Dollar exchange rate has come under pressure today in light of recent comments from Bank of England (BoE) Governor Mark Carney and a perceived divide within the Conservative Party. BoE Carney Reigns in Rate Hike Excitement for GBP BoE Carney recently took to the stage in Washington DC to assert that all changes to interest...

The Pound US Dollar exchange rate stumbled this morning as traders reacted to last week’s positive US inflation figures and grew increasingly cautious before today’s speech from Bank of England (BoE) Governor Mark Carney in Washington DC. US Inflation Proves Positive, Prospect for Hawkish September Fed Meeting Increases The US...

The pound to Australian dollar exchange rate has fallen back from last week's best conversion levels as sterling was sold-off across the markets. Amid a lack of demand for risk-correlated currencies, GBP/AUD easily surged last week as investors digested an unexpectedly hawkish tone from the Bank of England (BoE). The ‘Aussie’ has...