Latest Articles by Ben Hughes

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...

A brief rise in Pound demand on soft Brexit hopes yesterday was short-lived, as the British Pound to Japanese Yen (GBP/JPY) exchange rate tumbled today in reaction to the latest Brexit uncertainties, as well as stronger market demand for safe haven currencies. Investors are now anticipating further Brexit news, as well as Japanese data due...

While market demand for the US Dollar was a little stronger since last night’s Federal Reserve meeting minutes report, the British Pound to US Dollar (GBP/USD) exchange rate held near its best levels today. The Pound found support from fresh Brexit speculation and some stronger than expected UK data. Since opening this week at the level...

Despite a lack of supportive UK data or major Brexit developments, the British Pound to South African Rand (GBP/ZAR) exchange rate has been able to advance this week. While some Brexit speculation has supported Sterling, the primary reason for GBP/ZAR gains has been market risk-aversion causing broad late-week weakness in the South African...

Investors sold the Pound when markets opened for the week, amid fresh uncertainty over how the Brexit process would look by the end of the week. The British Pound to New Zealand Dollar (GBP/NZD) exchange rate slipped on Monday as a result, but could still climb later in the week if there are optimistic Brexit developments tomorrow. Despite...

Speculation of a Brexit delay, as well as lasting weakness in the US Dollar, prompted investors to buy the British Pound to US Dollar (GBP/USD) exchange rate yesterday. However, the pair’s gains were limited, and investors quickly sold the pair again on Tuesday as a key UK Parliament vote over the Brexit process approached. The US Dollar...