Latest Articles by Frank Davies

Pound Sterling US Dollar (GBP/USD) Exchange Rate Falters in Spite of Falling US Inflation The weaker-than-expected nature of May’s US consumer price index data failed to prevent the Pound Sterling to US Dollar (GBP/USD) exchange rate from trending lower. Although the inflation rate’s miss raises the odds of the Federal Reserve...

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Strengths as UK Unemployment Maintains 44-Year Low A steady showing from April’s UK unemployment rate helped the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate recover further ground on Tuesday. As unemployment remained at a 44-year low of 3.8% this gave investors...

UK Construction Sector Contraction Fails to Drag Down Pound Sterling US Dollar (GBP/USD) Exchange Rate A surprise contraction in the UK construction PMI was not enough to keep the Pound Sterling to US Dollar (GBP/USD) exchange rate on a downtrend for long on Tuesday. Although weakening business confidence saw a decline in workload...

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Shrugs Off Theresa May’s Resignation The Pound Sterling to Australian Dollar (GBP/AUD) exchange rate saw little reaction as Theresa May announced her resignation as leader of the Conservative Party and named a departure date. With May set to vacate her post on the 7th of June...

Increasing Pressure on Theresa May Pulls Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Lower An increasing sense of political turmoil in the UK saw the Pound Sterling to New Zealand Dollar (GBP/NZD) exchange rate come under fresh pressure as the odds of a no-deal Brexit increased. However, as Theresa May made efforts to eke...

Despite yesterday’s news that the Reserve Bank of Australia (RBA) was likely to cut Australian interest rates as soon as June, the British Pound to Australian Dollar (GBP/AUD) exchange rate fell today and even hit its worst levels all month. Worsening concerns about the Brexit process and the stability of UK politics are driving Sterling...

A combination of factors limited market demand for the Euro yesterday, making it more difficult for the Euro to British Pound (EUR/GBP) exchange rate to keep climbing past its recent two month highs. The pair did ultimately remain near its best levels though, due to Brexit jitters and mixed UK data weighing on the Pound. Last week was an...

Improved UK Services PMI Not Enough to Shore Up Pound Sterling US Dollar (GBP/USD) Exchange Rate The Pound Sterling to US Dollar (GBP/USD) exchange rate remained on a downtrend even after the UK service sector returned to a state of expansion. While the services PMI picked up from 48.9 to 50.4, climbing out of contraction territory,...

Pound Sterling US Dollar (GBP/USD) Exchange Rate Trends Lower After BoE Meeting The Pound Sterling to US Dollar (GBP/USD) exchange rate failed to recover its positive momentum in the wake of the Bank of England’s (BoE) latest policy meeting. Even though the BoE revised its 2019 growth forecast up from 1.2% to 1.5% this was not enough...

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Leaps as Australian Inflation Drops The Pound Sterling to Australian Dollar (GBP/AUD) exchange rate surged higher on Wednesday after the Australian consumer price index fell short of forecast. Demand for the Australian Dollar diminished sharply after the first quarter consumer...