Latest Articles by Ben Hughes

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...

Despite the Pound seeing another rebound attempt on Monday in response to some stronger than expected UK mortgage data, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate was unable to sustain much in the way of gains due to broad strength persisting in the New Zealand Dollar. The New Zealand Dollar is a risk and trade-correlated...

Brexit uncertainties have been keeping the Pound under pressure through quiet holiday trade this week, but the British Pound to Canadian Dollar (GBP/CAD) exchange rate has ultimately avoided losses due to lingering weakness in the Canadian Dollar. Investors have been hesitant to buy the Canadian Dollar amid this week’s Canadian growth data,...

Last week’s UK General Election led to a surge in demand for the Pound, but the British Pound to Canadian Dollar (GBP/CAD) exchange rate was unable to hold its best levels as UK Brexit uncertainties returned and Britain’s economic outlook remained mixed. The Canadian Dollar, despite weakness in recent Canadian ecostats, has been...

Even after the Bank of Canada (BoC) took a relatively optimistic tone on Canada’s economic outlook this week, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has seen another surge in demand today. The Pound is benefitting from weakness in the Canadian Dollar, as investors react to a shockingly poor Canadian job market report...

The latest US-China trade optimism has been unable to offer much support to trade-correlated currencies like the South African Rand that are more correlated with emerging market movement, and as a result the British Pound to South African Rand (GBP/ZAR) exchange rate has only seen limited losses today. The Pound was tumbling against most...

Despite trending lower for most of this week, and briefly seeing a slump yesterday, the British Pound to Australian Dollar (GBP/AUD) exchange rate has rebounded from its lows today and ultimately hasn’t seen huge losses this week after all. Demand for the Pound has been limited amid political uncertainty, but the Australian Dollar has seen...

While investors have had little fresh reason to move on the Pound so far this week, the British Pound to New Zealand Dollar (GBP/NZD) exchange rate has been falling as the New Zealand Dollar takes advantage of the market’s risk-sentiment and weakness in its rival, the Australian Dollar. This has left the New Zealand Dollar as one of the...