Latest Articles by Frank Davies

Weakening UK Household Confidence Fails to Dent Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate The Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate remained on a steady footing on Monday, even as Markit’s household finance index fell to an eleven-month low. Although confidence among UK households continued to sour...

UK Retail Sales Boost Lifts Pound Sterling US Dollar (GBP/USD) Exchange Rate A better-than-expected uptick in January’s UK retail sales data helped to lift the Pound Sterling to US Dollar (GBP/USD) exchange rate from its one-month low. As sales picked up 1.2% on the month this gave investors cause for confidence, suggesting that...

Pound Sterling Euro (GBP/EUR) Exchange Rate Benefits as Eurozone Production Slumps As Eurozone industrial production slumped -4.2% on the year in December this helped to boost the Pound Sterling to Euro (GBP/EUR) exchange rate on Wednesday. With production falling at its fastest pace since the financial crisis, following on from weak...

Despite surging on risk-aversion last week, the British Pound to New Zealand Dollar exchange rate slipped on Monday as the latest slew of UK data gave investors little reason to keep the Pound near its best levels. The New Zealand Dollar’s gains were limited though, as investors were hesitant to buy risky trade-correlated...

- The Pound to Australian Dollar exchange rate is -0.14% lower @ 1.82277 today. - RBA Statement dents AUD ahead of weekend. As the Reserve Bank of Australia’s (RBA) latest Statement on Monetary Policy echoed recent cautious comments from policymakers Australian Dollar exchange rates were left on a weaker footing on Friday. With...

Softening UK Service Sector Drives Pound Sterling US Dollar (GBP/USD) Exchange Rate Lower As the UK service sector fell into a state of near-stagnation the Pound Sterling to US Dollar (GBP/USD) exchange rate slumped. Following on the heels of underwhelming manufacturing and construction PMIs the services PMI dropped from 51.4 to just...

Pound Sterling Japanese Yen (GBP/JPY) Exchange Rate Shakes off Disappointing Construction PMI A weaker-than-expected UK construction PMI was not enough to prevent the Pound Sterling to Japanese Yen (GBP/JPY) exchange rate trending higher on Monday. Although the PMI slowed sharply from 52.8 to 50.6, falling closer to a state of...

Cautious Federal Reserve Outlook Boosts Pound Sterling US Dollar (GBP/USD) Exchange Rate The Pound Sterling to US Dollar (GBP/USD) exchange rate recovered ground in the wake of the Federal Reserve’s first policy announcement of 2019. As the Fed signalled a willingness to leave interest rates on hold for longer, pausing its recent...

Weak US Consumer Confidence Index Dents US Dollar Pound Sterling (USD/GBP) Exchange Rate The US Dollar to Pound Sterling (USD/GBP) exchange rate came under renewed pressure on Tuesday as the latest US consumer confidence index fell short of forecast. As the index slumped from 126.6 to 120.2 this left investors with less incentive to...

Market Risk Aversion Shores up Pound Sterling South African Rand (GBP/ZAR) Exchange Rate A renewed sense of market risk aversion saw the Pound Sterling to South African Rand (GBP/ZAR) exchange rate recovering ground on Monday afternoon. Although the GBP/ZAR exchange rate started the week on a weaker footing as Brexit-based optimism...