Latest Articles by Ben Hughes

The Pound Euro (GBP/EUR) exchange rate struggled to find any fresh traction on the back of July’s UK consumer price index, in spite of the headline figure strengthening. While inflation accelerated to 2.5% on the year, in line with market forecasts, this was not enough to shore up Pound Sterling against its rivals. As the monthly...

Last week, the Euro to US Dollar (EUR/USD) exchange rate opened in the range of $1.1562 on Monday and closed down lower at $1.1420 on Friday. This overall deterioration for the single currency was down to growing concerns that a Turkish economic collapse could negatively affect Eurozone banks. European Central Bank (ECB) officials...

While there have been no UK economic developments this week so far, the British Pound to US Dollar (GBP/USD) continues to be sold largely on worsening market fears that the UK could leave the EU with a ‘no deal’ Brexit – often seen as a worst-case scenario by economists. Following last week’s fall from 1.3103 to 1.3001, GBP/USD...

Wednesday’s data was unable to give investors a reason to buy the British Pound to Canadian Dollar (GBP/CAD) exchange rate, so despite market anticipation for the Bank of England (BoE) decision on Thursday the pair has continued to trend below the week’s opening levels, partially thanks to strong Canadian data on Tuesday. Various...

On Thursday, the Pound opened trading against the New Zealand Dollar at a level of NZ$1.9251 and closed up slightly higher at NZ$1.9297. This advance came despite strong headwinds against the Pound from UK domestic data, which showed retail sales growth slowing by more than expected in June. Last month’s readings showed unexpectedly...

On Monday, the Pound opened trading against the Australian Dollar at a level of 1.7405. The GBP/AUD exchange rate initially rose to a level of 1.7465, but closed down daily trading at a lower level of 1.7388. Pound Sterling to Australian Dollar Exchange Rate News: GBP/AUD Declines on Brexit Warning from BoE The Pound (GBP) has been...

Despite a lack of notable domestic support, the Australian Dollar has seen a recovery rally alongside risky peers, capitalising on a weak Sterling and pushing the British Pound to Australian Dollar (GBP/AUD) exchange rate lower towards the end of the week. After opening the week at the level of 1.7889, GBP/AUD attempted to climb in the...

June’s UK PMI data was impressive enough to cause a jump in Bank of England (BoE) interest rate hike bets, but this wasn’t enough to keep the British Pound to New Zealand Dollar (GBP/NZD) exchange rate buoyed. Instead, Brexit jitters and a brief boost in risk-sentiment pushed the pair lower towards the end of the week. After opening...

Last week saw the Euro to Pound exchange rate open trading in the region of 0.8792 and close up higher around 0.8857. This EUR/GBP appreciation was mainly down to late-week Pound Sterling weakness, which was caused by growing concerns about the current progress of Brexit discussions. The talks to decide the UK-EU relationship after...

On Thursday, the Pound to US Dollar exchange rate opened in the region of 1.3173 and closed higher around 1.3247. This appreciation was thanks to the Bank of England (BoE) Monetary Policy Committee (MPC) meeting, which brought a pleasant surprise for GBP traders. It was revealed that although a majority of policymakers had voted for no...