Latest currency exchange news at MoneyTransfer.co.uk.
NZD to GBP Exchange Rate Rallies as RBNZ Holds Fire on Interest Rate Hike
Published: 22 Jun at 4 PM
The Reserve Bank of New Zealand (RBNZ) has caused the latest New Zealand Dollar appreciation. After news emerged that the RBNZ had left interest rates at 1.75%, the New Zealand Dollar spiked up against the Pound.
According to Kiwibank Chief Economist Zoe Wallis, this was because;
‘The market was expecting stronger language on the...
Pound Drops against US Dollar after Optimism from Fed Official
Published: 19 Jun at 5 PM
The Pound managed to rise to a high of 1.2810 on Monday’s trading session, but soon fell to a lower rate of 1.2751.
This mixed movement came during the first official Brexit talks between UK and EU negotiators.
The talks began almost on the anniversary of June 23rd's EU Referendum, where the UK first voted to separate from the EU. The...
Pound to Euro Exchange Rate Plunges in Reaction to UK Hung Parliament
Published: 9 Jun at 4 PM
The Pound to Euro exchange rate was edging higher earlier in the week as markets expected a big majority for the Conservative party in the UK general election. However, the election ended in a hung parliament and the Pound plummeted.
GBP/EUR quickly shed over a cent on Thursday evening and Friday morning as the results came in and the pair...
GBP CAD Exchange Rate Recovers after Election Concerns
Published: 5 Jun at 4 PM
The GBP CAD exchange rate mounted a recovery by mid-morning today as recent polls suggested that the Conservatives still enjoyed a healthy lead over Labour.
The Pound Canadian Dollar (GBP CAD) exchange rate initially tumbled this morning following the recent terror attack in London, with investors shying away from Sterling as they feared...
US Dollar to Japanese Yen Exchange Rate Plunges on Trump Uncertainty
Published: 19 May at 1 PM
The US Dollar to Japanese Yen exchange rate has seen its worst drop since March this week. Scandals surrounding US President Donald Trump have weakened the ‘Greenback’ and left ‘safe haven’ currencies like the Yen more appealing.
USD/JPY began the week trading at around 113.33. The pair then plummeted in the middle of the week and...
Pound to Swedish Krona Exchange Rate Slumps as BoE Turns Dovish
Published: 11 May at 4 PM
Pound Slips as BoE Downgrades Growth Forecasts and Predicts Wage Squeeze
The Pound has fallen sharply against the Swedish Krona today, from an opening exchange rate of 11.54 to the latest lows of 11.41.
Bank of England (BoE) announcements have triggered this decline, with the BoE interest rate decision starting off the day’s...
Euro to Canadian Dollar Exchange Rate Slips as Investors Take Profit Following Macron Win
Published: 8 May at 1 PM
The Euro to Canadian Dollar exchange rate slipped from its highs last week and continued to drop on Monday. This was despite general optimism in the Eurozone following the election of pro-EU Emmanuel Macron as the next President of France.
EUR/CAD advanced from 1.4879 to 1.5014 last week but was unable to hold Friday’s high of 1.5148....
Euro Japanese Yen Exchange Rate Slides on French Election, Remains Near 1-Year Highs
Published: 5 May at 1 PM
The Euro has fallen moderately against the Japanese Yen today, but remains close to its best exchange rate since May 2017 at 123.05.
The latest Eurozone news has been positive, with retail activity in April rising from 49.5 to 52.7. A figure above 50 points indicates sector growth, which is a relief of Euro traders.
Despite the good...
Euro to New Zealand Dollar Exchange Rate Weaker after Optimistic NZ News
Published: 3 May at 3 PM
The Euro to New Zealand Dollar exchange rate has been pushed lower this week by a mix of political jitters and a stronger New Zealand Dollar, despite Eurozone data consistently impressing.
EUR/NZD has lost around a cent in value so far this week. After beginning the week at the level of 1.5870 the pair had dropped to a weekly low of 1.5688...
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...