Latest currency exchange news at MoneyTransfer.co.uk.
GBP/NZD Rises as New Zealand Observes Anzac Day
Published: 25 Apr at 11 AM
Despite a lack of impressive UK data, the Pound advanced against the New Zealand Dollar on Tuesday. New Zealand markets were closed due as the nation observed the Anzac Day holiday, making the ‘Kiwi’ easy pickings.
GBP/NZD opened this week at the level of 1.82. On Tuesday, the pair gained around a cent and hit a high of 1.84. This was...
Euro Surges on Bets of Macron Presidency, Pound Struggles Under Weak Business Sentiment
Published: 24 Apr at 5 PM
Disappointing CBI business surveys and housing market data left the Pound on a downtrend on Monday. Markets were not impressed to find that the business optimism index had plunged from 15 to 1 for the second quarter, suggesting that the economy remains under increasing pressure. With the UK economy showing signs of slowing...
Euro to Yen Demand Soars after First Round of French Election Voting
Published: 24 Apr at 4 PM
A sharp appreciation for the Euro has followed the outcome of the first round of voting for the French Presidential Election. This has led the Euro to rise from 1.16 to 1.19 against the Japanese Yen, the best exchange rate since late March.
Emmanuel Macron, a centrist candidate, has reached the final two as predicted. Less supportively,...
US Dollar to Japanese Yen Exchange Rate Volatile amid Geopolitical Uncertainty
Published: 18 Apr at 5 PM
The US Dollar to Japanese Yen exchange rate saw considerable falls last week as geopolitical tension in the US saw investors looking to other ‘safe haven’ assets like the Japanese Yen.
USD/JPY plunged from 111.08 to 108.62 last week and when markets opened on Monday this week USD/JPY fell to a fresh five-month-low of 1.08.16. The pair...
US Dollar to Japanese Yen Exchange Rate Slumps to 2017 Low on Political Jitters
Published: 12 Apr at 2 PM
The US Dollar to Japanese Yen exchange rate has slumped this week, as rising geopolitical jitters in the US have undermined its sturdiness prompting traders to look elsewhere for ‘safe haven’ assets.
USD/JPY began the week trading at the level of 111.08. However, since Monday the pair has lost over a Yen in value to hit a low of 109.42...
Euro US Dollar Exchange Rate Tight on ECB Dovishness and Trump-Jinping Meeting
Published: 6 Apr at 5 PM
Euro traders have been thrown a curveball today, which has ultimately kept the Euro trading closely against the US Dollar.
Initially, it looked like a day of losses was due, with Eurozone retail activity contracting in February.
Additional negativity was heaped on by European Central Bank (ECB) President Mario Draghi and fellow official...
GBP/USD Exchange Rate Climbs after Upside Surprise from Services PMI
Published: 5 Apr at 4 PM
An unexpectedly-strong result from the UK Markit services PMI pushed the Pound Sterling to US Dollar exchange rate up 0.4% on Wednesday.
Pound Strengthens but Concerns Remain Over First Quarter Growth
After the disappointing performances of the UK’s construction and services PMIs earlier in the week, investors had been concerned that...
GBP EUR Exchange Rate Tumbles as UK Manufacturing PMI Disappoints
Published: 3 Apr at 4 PM
The GBP EUR exchange rate tumbled by around half a cent in trading on Monday as markets reacted poorly to an unexpected drop in the UK’s latest Manufacturing PMI.
Pound Euro (GBP EUR) Slides as UK Factory Growth Slows
The Pound Euro (GBP EUR) exchange rate ceded ground during today’s session as the UK’s latest Manufacturing PMI...
British Pound to Euro Exchange Rate Falls Back on Underwhelming UK Growth Stats
Published: 31 Mar at 11 AM
The Pound to Euro exchange rate slipped back from weekly highs on Friday, particularly after Britain’s final Q4 Gross Domestic Product (GDP) results failed to meet year-on-year expectations.
GBP EUR began this week trending at the level of 1.1545. After a brief fall to a two-week-low of 1.1451, the pair recovered in the second half of...
British Pound to US Dollar Exchange Rate Volatile on Historic Brexit Start Day
Published: 29 Mar at 2 PM
The Pound to US Dollar exchange rate has seen a wide variety of movement thus far this week, surging on Monday before slumping on Tuesday evening and hitting a one-week-low on Wednesday morning while investors awaited the beginning of the Brexit process.
GBP/USD began this week trending at the level of 1.2475. After jumping to a...
Euro to US Dollar Exchange Rate Hits Multi-Month Highs Amid Trump Disappointment
Published: 27 Mar at 1 PM
The Euro to US Dollar exchange rate outlook has improved notably in the last few weeks, as Eurozone political concerns abate slightly while the US outlook under the President Trump administration becomes increasingly uncertain.
EUR/USD put in a solid gain of around half a cent last week, rising from 1.0745 to 1.0805. Monday morning saw the...
US Dollar to Japanese Yen Exchange Rate Tumbles to Multi-Month Lows as Trump Rally Unravels
Published: 23 Mar at 1 PM
The US Dollar to Japanese Yen exchange rate has plunged this week, remaining weak on Thursday as investors begin to increasingly doubt that US President Donald Trump will be able to push through key fiscal policy overhauls.
USD/JPY began the week trending at the level of 112.71 but during Wednesday’s American session hit a low of 110.81....
GBP CAD Exchange Rate Tumbles as Brexit Jitters Return
Published: 22 Mar at 4 PM
The GBP CAD exchange rate declined today as the rapid approach of Brexit caused markets to begin shying away from the Pound.
<h2>Pound Canadian Dollar (GBP CAD) Slides as Brexit Looms</h2>
The Pound Canadian Dollar (GBP CAD) exchange rate cut some of its recent gains this afternoon as concerns over the UK’s exit from the...
US Dollar to Japanese Yen Exchange Rate Plummets after Dovish Fed Rate Hike
Published: 16 Mar at 11 AM
The US Dollar to Japanese Yen exchange rate plunged on Wednesday evening as investors showed disappointment in the Federal Reserve’s relatively dovish US interest rate hike and the Bank of Japan (BoJ) left policy frozen.
USD/JPY began the week trending at the level of 114.75 and trended flatly until Wednesday evening, when it dropped...
GBP NOK Exchange Rate Strengthens as Oil Prices Continue to Plummet
Published: 15 Mar at 5 PM
Pound Norwegian Krone (GBP NOK) Rises as Crude Prices Tumble
The Pound Norwegian Krone (GBP NOK) exchange rate struck higher today as crude prices continued to fall during early trading.
With petroleum products accounting for over 60% of Norway’s exports its economy is extremely sensitive to movements in the oil market.
GBP JPY Exchange Rate Rallies despite Push for Second Scottish Referendum
Published: 13 Mar at 5 PM
The GBP JPY exchange rate advanced on Monday despite the announcement from Scottish First Minister Nicola Sturgeon that she would seek a second independence referendum before the end of Brexit negotiations.
<h2>Pound Japanese Yen (GBP JPY) Rallies as Markets Shrug of Fears of UK Split</h2>
The Pound Japanese Yen (GBP JPY)...
GBP ZAR Exchange Rate Rallies from Three-Year Low as Commodities Slide
Published: 9 Mar at 1 PM
The GBP ZAR exchange rate reached a new weekly high this morning after depreciating commodity prices prompted the pairing to rally.
<h2>Pound South African Rand (GBP ZAR) Rallies as Commodities Weaken</h2>
The Pound South African Rand (GBP ZAR) exchange rate rebounded from a three-year low yesterday as commodity prices for a...
US Dollar Tight against Japanese Yen ahead of US Employment Stats
Published: 8 Mar at 10 AM
US Dollar sees Limited Demand as Fed Rate Hike Odds Hang in the Balance
The US Dollar has trended tightly against the Japanese Yen at a rate of 113.93 today, ahead of a major US data release.
This will consist of the Adp employment change for February, which has been forecast to show a shift from 246k employed persons in January to 190k...
US Dollar Jumps against New Zealand Dollar
Published: 1 Mar at 5 PM
‘Trump Bump’ In Action as US Dollar Soars against New Zealand Dollar on Market Optimism
The US Dollar has been in high demand today, rising notably against the New Zealand Dollar after strong support came from President Trump and the US Federal Reserve.
In the former case, Trump’s recent address to congress has had a major...
Pound to Japanese Yen Exchange Rate Slides on Threat of Second Scottish Referendum
Published: 27 Feb at 4 PM
GBP JPY Exchange Rate Slumps on ‘IndyRef2’, Further Damage ahead on Confidence and PMI Scores
The Pound has dropped by -0.2% against the Japanese Yen today, mainly due to fears that triggering Brexit will also bring the threat of another Scottish independence referendum.
This has long been a background issue of the EU Referendum...