Latest currency exchange news at MoneyTransfer.co.uk.
Pound to US Dollar (GBP/USD) Sinks as Fed Announces 'Unlimited QE' Program
Published: 23 Mar at 5 PM
The Pound to US Dollar (GBP/USD) exchange rate fell by over -1% after the US Federal Reserve launched an ‘unlimited’ quantitative easing program to boost the US economy. The pairing is currently fluctuating around $1.146.
Chris Rupkey, the Chief Financial Economist at MUFG Union Bank, commented: “Fed policy is shifting into a higher...
Pound to Euro Rises, UK Hopes to 'Turn the Tide' of the Coronavirus in 12-Weeks
Published: 20 Mar at 5 PM
The Pound Euro (GBP/EUR) exchange rate recovered from its 11-month lows against after the Bank of England (BoE) cut its interest rates to an all-time low of 0.1%. The Bank also announced £200bn of money creation to help the UK’s economy throughout the coronavirus pandemic.
Tom Stevenson, an Analyst at Fidelity International, commented...
Pound US Dollar (GBP/USD) Plummets to Lowest Level Since 1985
Published: 18 Mar at 5 PM
The Pound US Dollar (GBP/USD) plummeted by over -2% and is currently trading around $1.17, its lowest level since 1985. Traders have flocked to the safe-haven refuge of the US Dollar (USD) today with the ongoing coronavirus crisis threatening to push the global economy into a recession.
Thomas Flury, a Currency Strategist at the Swiss...
US Dollar South African Rand (USD/ZAR) Sinks as Fed Rate Cut Odds Rise
Published: 10 Mar at 3 PM
The US Dollar South African Rand (USD/ZAR) exchange rate fell by -0.7% today, with the pairing currently trading around R15.920 as the ‘Greenback’ continues to suffer from falling US bond yields and fears of another US Federal Reserve rate cut.
Michael Gapen, the Head of US Economics Research at Barclays, commented that the...
British Pound to Japanese Yen Exchange Rate Nears Monthly Best as Risk-Sentiment Returns
Published: 19 Feb at 4 PM
Despite the Pound tumbling against most major currencies today, the British Pound to Japanese Yen (GBP/JPY) exchange rate continued to climb. While the pair has struggled to hold its best levels, investors are selling safe haven currencies like the Japanese Yen due to coronavirus developments and this is making it easier for the pair to avoid...
Pound Jumps 1.2% Against New Zealand Dollar as BoE Leaves Rates on Hold
Published: 30 Jan at 4 PM
The Pound New Zealand Dollar (GBP/NZD) exchange rate jumped 1.2% this afternoon following the UK central bank meeting, leaving the pairing trading at around NZ$2.0187.
On Thursday, the Bank of England (BoE) left interest rates on hold, stating the economy had picked up since the General Election, meaning further stimulus was not currently...
Pound Euro (GBP/EUR) Exchange Rate Falls as Markets Fear Hung Parliament
Published: 12 Dec at 4 PM
The Pound Sterling Euro (GBP/EUR) exchange rate was volatile, as British voters took to the polls on Thursday, leaving the pairing trading around €1.1819.
Over the course of the week, the Pound has been buoyed by Brexit optimism reaching a two-and-a-half-year high against the single currency.
Overnight, GBP volatility increased to...
British Pound to US Dollar Exchange Rate May Soar Higher if Federal Reserve Turns Dovish
Published: 13 Sep at 5 PM
While the Pound’s late-week gains on Brexit hopes were volatile and likely temporary, the British Pound to US Dollar (GBP/USD) exchange rate still sustained impressive gains last week overall. The US Dollar struggled to avoid losses against Sterling due to expectations for the Federal Reserve to cut US interest rates next week.
Pound Mexican Peso (GBP/MXN) Exchange Rate Soars as Mexican Finance Minister Resigns
Published: 10 Jul at 5 PM
The Pound Mexican Peso (GBP/MXN) rose by 0.8% today and is currently trading around Mex$ 24.0719 on the interbank market.
The Mexican Peso (MXN) plummeted following the resignation of the Mexican Finance Minister Carlos Urzua.
Mr Urzua resigned with little positive to say about Mexican economic policy.
Pound Danish Krone (GBP/DKK) Exchange Rate Steadies despite Weak UK Construction Figures
Published: 2 Jul at 5 PM
The Pound Danish Krone (GBP/DKK) exchange rate fell by -0.2% today and is fluctuating around 8.3450kr on the interbank market.
Sterling (GBP) fell against the Danish Krone (DKK) following the publication of the UK construction PMI figures for June, which fell deeper into contraction from 48.6 to 43.1.
Tim Moore, an Associate Director...
Australian Dollar to US Dollar Exchange Rate Rebounds from Post-January Worst
Published: 20 Jun at 1 PM
The Australian Dollar outlook has become continuously more bearish in recent weeks, but the Australian Dollar to US Dollar (AUD/USD) exchange rate has seen a strong rebound in demand this week as investors digest the latest major Central Bank developments.
After opening this week at the level of 0.6873, AUD/USD briefly slumped and touched...