Latest Articles by Frank Davies

Pound Sterling US Dollar (GBP/USD) Exchange Rate Strengthens as Federal Reserve Faces Criticism With the Federal Reserve coming under increasing pressure to pursue a more gradual pace of monetary tightening the Pound Sterling to US Dollar (GBP/USD) exchange rate recovered ground. The appeal of the US Dollar diminished on Tuesday morning...

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Benefits as May Sees Off Coup After Theresa May saw off a vote of no confidence the Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate was encouraged to extend its recovery. As Conservative MPs are now unable to challenge May’s leadership again for another twelve months...

GBP/AUD Exchange Rate Trading Higher after May Wins Confidence Vote  With PM Theresa May winning the vote of no-confidence, the Pound Sterling to Australian Dollar (GBP/AUD) was able to continue trading in the region of $1.75.  Data published overnight showed that Australian consumer inflation expectations rose from 3.6% to...

After sustaining significant losses on Monday the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate staged a modest recovery once the initial bout of Brexit jitters eased. Theresa May’s decision to postpone the parliamentary vote on Brexit in order to return to Brussels for further discussions with EU leaders still left the...

November’s solid UK construction PMI was not enough to keep the Pound Sterling to Euro (GBP/EUR) exchange rate on a stronger footing for long. Even though the headline PMI showed an improvement on the month, with business confidence lifting away from its recent multi-month lows, the Pound struggled to hold onto a sense of...

The British Pound to Australian Dollar (GBP/AUD) exchange rate’s Wednesday gains were modest, despite Sterling seeing a more solid recovery versus other major rivals like the Euro (EUR). The Australian Dollar avoided further losses against Sterling due to market risk-sentiment keeping the ‘Aussie’ buoyed. Since opening this week at...

After sustaining a significant decline on Thursday the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate started to recover some ground ahead of the weekend. As investors took a temporary breather from Brexit-based anxiety the Pound was able to return to an uptrend, reversing some of the previous day’s losses. However,...

A surprisingly resilient US Dollar avoided losses versus the Pound last week despite the results of the US Mid-Term Elections, and the British Pound to US Dollar (GBP/USD) exchange rate continued to fall when markets opened this week as Brexit concerns returned to UK headlines. Last week saw GBP/USD open at the level of 1.2973 and close at...

Last week saw the Pound open trading against the Turkish Lira at a level of TRY7.1739 and close lower in the region of TRY7.0420. Pound Sterling to Turkish Lira Exchange Rate Drops -1% during Otherwise Supportive Trading The Pound (GBP) has fallen near to a 3-month low against the Turkish Lira (TRY) today, although not through any fault...

September’s UK consumer price index proved weaker than forecast, leaving the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate on a downtrend on Wednesday. Investors were not impressed to find that the headline annual inflation rate had eased from 2.7% to 2.4% in September, even though this is likely to lead to stronger wage...