Latest Currency News Continued - page 9
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Latest Currency News Headlines
Euro Pound Sterling (EUR GBP) Crashes on Robust GDP Estimate
8 Sep 2017 at 4 PM - Written by Frank Davies
STORY LINK Euro Pound Sterling (EUR GBP) Crashes on Robust GDP Estimate
The Euro Pound exchange rate has tumbled today in the wake of a run of positive UK data releases and an optimistic UK GDP estimate from NIESR.
The National Institute of Economic and Social Research (NIESR) released its latest monthly GDP estimate today, which listed growth of 0.4% in the three months to August.
This is notably better than the 0.2% gain demonstrated in the July quarter, and though it still remains below...
CATEGORIES: Currency Predictions Euro Pound Forecasts
EUR USD Exchange Rate Update: Euro Advances as Irma Bears Down on Florida
8 Sep 2017 at 12 PM - Written by Tim Boyer
STORY LINK EUR USD Exchange Rate Update: Euro Advances as Irma Bears Down on Florida
Trading in the region of 1.2068 today, the Euro is currently near the highest exchange rate against the US Dollar since January 2015.
Draghi Aftermath Leaves EUR Traders Uncertain
The Euro rose sharply against the US Dollar on Thursday, but today’s advance is primarily due to the USD being weaker.
Today’s domestic data has largely been disappointing, with the German trade surplus reducing in July. While a surplus...
CATEGORIES: Euro Forecasts
GBP to USD Exchange Rate Continues its Climb as UK Manufacturing Impresses
8 Sep 2017 at 12 PM - Written by Minesh Chaudhari
STORY LINK GBP to USD Exchange Rate Continues its Climb as UK Manufacturing Impresses
Despite mixed UK data over the past week, investors have been buying the undervalued Pound from its lows, helping the British Pound to US Dollar to advance. The ‘Greenback’ has been held back by underwhelming US data and low Fed rate hike bets.
After a modest gain last week, the GBP/USD exchange rate has seen a much stronger climb in recent sessions. As of the time of writing, the pair has advanced from Monday’s opening...
CATEGORIES: Pound Dollar Forecasts
Pound Canadian Dollar (GBP CAD) Plummets as BoC Announces Surprise Rate Hike
7 Sep 2017 at 12 PM - Written by John Cameron
STORY LINK Pound Canadian Dollar (GBP CAD) Plummets as BoC Announces Surprise Rate Hike
The Pound to Canadian Dollar exchange rate plummeted to its lowest levels since January yesterday as the Bank of Canada (BoC) announced a surprise rate hike.
The BoC raised its key interest rate to 1.0%, less than a week after Canada’s Q2 gross domestic product (GDP) data exceeded expectations by accelerating at a pace of 4.5% (the fastest expansion they had seen in six years). The hike was an effort to adjust to the...
CATEGORIES: Canadian Dollar Forecasts Currency Predictions