Latest Articles by Ben Hughes

Due to persisting market concerns that the Federal Reserve may not be as dovish as expected, investors were hesitant to keep buying the trade-correlated Australian Dollar and the British Pound to Australian Dollar (GBP/AUD) exchange rate rebounded from its weekly lows today. This was despite a lack of notable support for the Pound. Despite...

Despite this week’s lack of particularly strong UK news or support for the Pound, the British Pound to Japanese Yen (GBP/JPY) exchange rate has been able to register gains throughout the week so far. This has been largely due to investors buying the Pound from its lows and selling the Japanese Yen from its recent highs however. After...

Despite a lack of particularly supportive Canadian data in recent sessions, the British Pound to Canadian Dollar (GBP/CAD) exchange rate continues to tumble as Brexit uncertainties keep worsening while Canadian Dollar investors remain hopeful that the Bank of Canada (BoC) will avoid taking a dovish tone on monetary policy. While last...

While investors rolled back from some of the week’s biggest movements on Friday, the British Pound to South African Rand (GBP/ZAR) exchange rate’s Friday losses were limited due to a lack of solid demand for the South African Rand. Despite some investors taking profit from the Pound’s gains, trade uncertainty and uncertainty ahead of...

Demand for the Pound was not strong enough to help keep the British Pound to New Zealand Dollar (GBP/NZD) exchange rate near its best levels today. As the New Zealand Dollar was bought back from its worst levels following weeks of poor performance, the Pound lacked any solid domestic support due to lasting UK political and Brexit...

Investors took a break from buying the surprisingly resilient Euro today, as the Euro to British Pound (EUR/GBP) exchange rate slipped back from the strong weekend levels it had closed at. Investors were buying the Pound back from its lows as last week’s Sterling selloff appeared overdone, and left markets anticipating major data due for...

Last week saw a major plunge in the British Pound to Canadian Dollar (GBP/CAD) exchange rate, as mounting Brexit fears combined with a surge in demand for the Canadian Dollar left the pair nearer its worst levels since February. This week so far though, GBP/CAD has put in a fairly sturdy rebound as investors cool from last week’s...

Despite persistent concerns that a no-deal Brexit is possible if no Brexit solution is reached in the coming weeks, the British Pound to US Dollar exchange rate edged higher today. Hopes for a solution to be reached kept Sterling buoyed while the US Dollar remained relatively unappealing following yesterday’s US recession...

Market expectations that a worst-case scenario no-deal Brexit is becoming less and less likely has helped the British Pound to Indian Rupee (GBP/INR) exchange rate to advance this week. However, lingering Brexit uncertainties and strong support for the Indian Rupee all week have made it difficult for the pair to hold its best levels. Since...

As Eurozone data comes in slightly better than forecast this week, higher demand for safe haven currencies like the Swiss Franc has done little to push the Euro to Swiss Franc (EUR/CHF) exchange rate lower. Investors have been too hesitant to make major moves on the pairing ahead of today’s anticipated European Central Bank (ECB) policy...