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A round up of the latest daily currency updates from the Currency News desk.

Pound US Dollar Exchange Rate Flops, What Next?

23 Nov 2016 at 1 PM - Written by Minesh Chaudhari

STORY LINK Pound US Dollar Exchange Rate Flops, What Next?

Pound Sterling (GBP) Rate Slumps as Autumn Statement Looms Pound Sterling (GBP) exchange rates have been performing poorly, with the currency having fallen against the US Dollar (USD) and virtually all of its other regular peers. Tuesday’s UK news consisted mainly of the Confederation of British Industry (CBI) industrial trends for...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterli Forecasts

GBP USD Exchange Rate Drops as Yellen Comments Improve Chances of Fed Rate Hike

18 Nov 2016 at 2 PM - Written by Toni Johnson

STORY LINK GBP USD Exchange Rate Drops as Yellen Comments Improve Chances of Fed Rate Hike

The GBP USD exchange rate fell to a new weekly-low today as comments from Federal Reserve Chair Janet Yellen strengthened the US Dollar (USD). Pound US Dollar (GBP USD) Slumps as Rate Hike Appears Certain The Pound (GBP) slid against the US Dollar overnight as investors reacted positivity to comments from Yellen in her meeting with...

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Pound Sterling (GBP) to Euro (EUR) Climbs Above Key 1.17 Level

18 Nov 2016 at 9 AM - Written by Frank Davies

STORY LINK Pound Sterling (GBP) to Euro (EUR) Climbs Above Key 1.17 Level

The Pound to Euro exchange rate advanced on Thursday night despite performing flatly for most of the day as traders decided to go bullish on the day’s highly impressive UK retail sales results from October. Despite hitting a weekly low of 1.1494 on Tuesday, GBP/EUR has largely trended near the week’s opening levels of 1.16. However, on...

CATEGORIES: Daily Currency Updates Euro Forecasts Euro Pound Forecasts

Pound US Dollar Exchange Rate Advances as UK Retail Sales Trigger Rush for Sterling

17 Nov 2016 at 1 PM - Written by David Woodsmith

STORY LINK Pound US Dollar Exchange Rate Advances as UK Retail Sales Trigger Rush for Sterling

Pound US Dollar Exchange Rate Climbs after Forecast-Beating Retail Sales Results The Pound has been able to rise by 0.4% against the US Dollar today, primarily on account of the October retail sales results. On the month and the year, figures have jumped above expectations; this has been attributed to lower temperatures and...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Dollar Forecasts

GBP USD Exchange Rate Volatile after Leaked 'Brexit' Memo Causes Pound to Plummet

16 Nov 2016 at 3 PM - Written by Toni Johnson

STORY LINK GBP USD Exchange Rate Volatile after Leaked 'Brexit' Memo Causes Pound to Plummet

The GBP USD exchange rate has become increasingly unstable since the release of a leaked memo yesterday that indicated that the UK government still has no clear strategy on 'Brexit'. Pound US Dollar (GBP USD) Pressured by 'Brexit' Memo Market sentiment towards the Pound (GBP) dropped yesterday as the leaked 'Brexit' memo stoked investor...

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GBP/EUR Exchange Rates Weaken after UK Labour Market Data

16 Nov 2016 at 12 PM - Written by James Fuller

STORY LINK GBP/EUR Exchange Rates Weaken after UK Labour Market Data

The Pound Sterling to Euro exchange rate was unable to recover from Tuesday’s sell-off after labour market data worried markets. Strong Number of New Jobless Claims Tips Pound Sterling Back into Decline After yesterday’s sell-off on the back of a concerning report suggesting the government still had no plans for Brexit, GBP/EUR...

CATEGORIES: Currency Predictions Daily Currency Updates Euro Forecasts

GBP USD Exchange Rate Climbs with Pound Bolstered by Trump Trade Prospects

11 Nov 2016 at 1 PM - Written by Frank Davies

STORY LINK GBP USD Exchange Rate Climbs with Pound Bolstered by Trump Trade Prospects

The GBP USD exchange rate has surged to a five-week high after a surprise win for Donald Trump in the 2016 US presidential elections. His victory caused the Pound (GBP) to surge as investors speculate that Trump could create a new trade agreement with Britain after 'Brexit'. Sterling Sentiment Upbeat as Investors Hope for UK-US Trade...

CATEGORIES: Daily Currency Updates Dollar Pound Forecasts Pound Sterli Forecasts

Shock Trump Election Victory Prompted Pound US Dollar Exchange Rate Surge

9 Nov 2016 at 4 PM - Written by Frank Davies

STORY LINK Shock Trump Election Victory Prompted Pound US Dollar Exchange Rate Surge

US Election Upset Prompted US Dollar Slump as Market Uncertainty Surged Global markets were rocked overnight as it became clear that Donald Trump had won the presidential race, a result that ran counter to market pricing and investor expectations. However, while the US Dollar (USD) plunged sharply as the results of the election came in...

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Markets Brace for US Elections GBP EUR Exchange Rate Flat

8 Nov 2016 at 3 PM - Written by James Fuller

STORY LINK Markets Brace for US Elections GBP EUR Exchange Rate Flat

The GBP EUR exchange rate is continuing to trade flatly, remaining close to the levels it reached late last week as both currencies are suppressed by the US presidential election. Pound Euro (GBP EUR) Exchange Rate Overshadowed by US Election Despite some of yesterday’s pressure from the rally in the US Dollar (USD) having waned,...

CATEGORIES: Currency Predictions Daily Currency Updates Euro Forecasts

Pound Dollar (GBP/USD) Exchange Rate Trends Lower despite US Election Jitters

8 Nov 2016 at 3 PM - Written by Tim Boyer

STORY LINK Pound Dollar (GBP/USD) Exchange Rate Trends Lower despite US Election Jitters

Mixed UK Production Data Failed to Boost Pound Sterling Demand As optimism triggered by the High Court ruling over Article 50 faded Pound Sterling (GBP) struggled to maintain its upward momentum at the start of the week. The UK government appears determined to press ahead with its Brexit schedule, diminishing market hopes that increased...

CATEGORIES: Currency Predictions Daily Currency Updates Doll Forecasts

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