Latest Articles by Ben Hughes

The market is experiencing a rebound in demand for riskier assets this week, and this is helping the British Pound to Euro (GBP/EUR) exchange rate to recover a little more solidly from its recent lows. However, signs of improving fiscal action in the Eurozone is keeping the Euro fairly appealing, and overall the Pound’s appeal remains...

Broad weakness in the South African Rand yesterday made it easier for the British Pound to South African Rand (GBP/ZAR) exchange rate to rise. However, movement has been more mixed today, with both currencies being hit by worsening concerns over the coronavirus pandemic in Britain and South Africa. Market anticipation for further developments...

Despite the market’s rising expectations for interest rate cuts from the Swiss National Bank (SNB), Bank of England (BoE) interest rate cut bets are even more significant this week and the British Pound to Swiss Franc (GBP/CHF) exchange rate has seen notable losses. Brexit uncertainties and coronavirus developments are offsetting...

The US Dollar briefly saw a boost on Monday’s safe haven demand, but today the currency fell back, shedding Monday’s gains and making it easier for the British Pound to US Dollar (GBP/USD) exchange rate to advance. As the Pound lacks much drive, the pair is gaining more on coronavirus concerns and US Dollar weakness than any UK news such...

While the Pound continued to tumble against many major currencies today, the British Pound to South African Rand (GBP/ZAR) exchange rate has been able to avoid significant losses. The South African Rand remains broadly unappealing overall due to concerns about South Africa’s economic outlook, even as the currency finds support in some...

Already benefitting from slightly softer safe haven demand this week, the US Dollar has easily been able to sustain considerable gains and push the Euro to US Dollar (EUR/USD) exchange rate considerably lower due to fresh weakness in the Euro. Investors are selling the shared currency due to strength in its rival the US Dollar, but this...

Even though last week saw a broad surge in demand for the Pound and a two cent gain for the British Pound to Canadian Dollar (GBP/CAD) exchange rate, the pair has already shed a significant chunk of those gains since markets opened this morning. Now that Britain has left the EU, markets are becoming more anxious about Brexit again. Meanwhile,...

Despite US data continuing to be decent and a lack of fresh support for the Pound yesterday, the British Pound to US Dollar (GBP/USD) exchange rate was able to continue to hold its ground for most of the past day. The Pound could still see some sharp movements before markets close for the week depending on upcoming UK PMI results, while this...

Rising Bank of England (BoE) interest rate cut bets have remained the biggest story for Pound exchange rates this week, but the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has still recovered from weekly lows due to a lack of strength in New Zealand Dollar trade. The New Zealand Dollar has been benefitting slightly from global...

The British Pound to Australian Dollar (GBP/AUD) exchange rate has already seen notable gains this week. Despite persisting Brexit uncertainty, the Pound has been able to capitalise on the Australian Dollar’s broad risk-off weakness. The Australian Dollar is being hit lower by a combination of domestic and global concerns, including fires...