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Thanks to fading fears that a ‘no-deal Brexit’ is likely, as well as higher market appeal for taking risks, the British Pound to Japanese Yen (GBP/JPY) exchange rate has continued to rally this week so far. The Pound could be in for even further gains later in the week if there are notable Brexit developments. Last week saw GBP/JPY...

Hopes for a more optimistic Brexit outlook briefly cause a surge in demand for the British Pound to Japanese Yen (GBP/JPY) exchange rate last week. However, due to fresh uncertainties and another market rush for ‘safe haven’ currencies, GBP/JPY has already shed last week’s gains. Last week saw GBP/JPY open at the level of 142.84, and...

While both the Australian Dollar and Euro have seen stronger demand this week amid lighter trade jitters and a weaker US Dollar (USD), the Australian Dollar to Euro (AUD/EUR) exchange rate has ultimately continued its advance. If Australian data due in the coming sessions continues to impress, the pair could rise even higher. It may...

A combination of the latest ecostats and stronger demand for the US Dollar following its poor performance at the end of last week has caused the Euro to US Dollar (EUR/USD) exchange rate to slip. However, EUR/USD movement is likely to remain muted until major Eurozone and US news later in the week. Last week was a highly volatile week for...

Dwindling Hopes of August BoE Interest Rate Hike Push GBP/USD Exchange Rate Down The Pound (GBP) has tumbled in trading against the US Dollar (USD) today, hitting the lowest exchange rate since early September last year. This significant deterioration for the Pound is down to the latest UK retail sales data, which has shown...

Daily Pound Sterling News: GBP/NZD Exchange Rate Rises on GDP Acceleration The Pound has shaken off Monday’s GBP/NZD exchange rate losses and risen by 0.5% against the New Zealand Dollar today, thanks to supportive UK GDP data. The Office for National Statistics (ONS) has devised a new method of collating gross domestic product and...

GBP/USD Exchange Rate Near Best Weekly Exchange Rate after BoE Vote After a nearly week-long wait, Pound Sterling (GBP) traders have finally been rewarded today with economic news that has caused a significant advance against the US Dollar (USD). The earlier Bank of England (BoE) interest rate decision brought no change to interest...

Pound Sterling to US Dollar (GBP/USD) Exchange Rate Rises on Strong UK Industrial Data The Pound (GBP) has made a minor advance against the US Dollar (USD) today, thanks to better-than-expected UK industrial orders figures. Confederation of British Industry (CBI) stats for June have shown growth during the month, from a prior -3 point...

Mixed risk-sentiment and UK economic data have caused fluctuations in the British Pound to Japanese Yen (GBP/JPY) exchange rate in recent weeks, but as trade jitters worsen and Britain’s economic outlook becomes murkier there could be losses ahead. Last week saw GBP/JPY fluctuating broadly. The pair opened the week at 146.80 and closed...

Investors briefly perceived Britain’s latest job market results as optimistic, but the British Pound to Euro exchange rate weakened towards the end of Tuesday’s session as investors firmed in the Euro ahead of Thursday’s anticipated European Central Bank (ECB) policy decision. The bank is expected to address the withdrawal of its...

Pound Sterling to US Dollar (GBP/USD) Exchange Rate Drops after Fresh Brexit Upset The Pound (GBP) has fallen back against the US Dollar (USD) today, struggling in the pairing because of Brexit-related uncertainty. The current issue is the customs union ‘backstop’, an emergency measure that would be activated if the UK fails to...

Euro to US Dollar (EUR/USD) Exchange Rate Rally Triggered by Historic Low for German Jobless Rate Today’s Euro to US Dollar (EUR/USD) exchange rate rise represents a recovery for the single currency; looking further back the pairing is still near a 10-month low. The Euro has recently been supported by a range of Eurozone confidence...

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Rises as Retail Sales Stats Beat Forecasts The Pound to Canadian Dollar exchange rate (GBP/CAD) dipped on Wednesday’s trading session, but has since risen by 0.5% thanks to UK retail sales data for April. The readings have shown levels of sales rise by more than expected during April,...

Fading Hopes for UK Customs Union Membership Trigger Pound to US Dollar (GBP/USD) Exchange Rate Decline Today has been relatively quiet in terms of UK economic data, so the Pound to US Dollar (GBP/USD) exchange rate has instead been affected by Brexit news. Wednesday’s session of Prime Minister’s Questions brought hopes that the UK...

- UK Unemployment Holds at 42-Year Low – Pound Euro (GBP/EUR) Exchange Rate Struggles to Capitalise - The Pound Euro (GBP/EUR) exchange rate fluctuated on Tuesday, struggling to capitalise on a run of upbeat UK labour market readings. According to the Office for National Statistics (ONS), wage growth in the UK has finally exceeded...

Thursday’s data gave investors little reason to buy the British Pound to Euro (GBP/EUR) exchange rate. As the latest UK services stats worsened Britain’s short-term economic outlook, it had a bigger downside effect on GBP/EUR despite the Eurozone’s latest inflation disappointment. Ultimately, due to weakness in both the Pound and the...

GBP/EUR Update: Pound to Euro Exchange Rate Rises Thanks to Pre-PMI Optimism On a relatively quiet data day, the recent Pound to Euro (GBP/EUR) exchange rate rise has been caused by GBP trader optimism about upcoming UK PMI activity readings. Outside of the speculation for PMI readings, the Pound has also appreciated because of reports...

While not significantly disappointing, Tuesday’s Australian inflation results from Q1 2018 were enough to help the Euro to Australian Dollar (EUR/AUD) exchange rate advance throughout the day. This was despite some disappointing business confidence stats from major Eurozone nations. Low Reserve Bank of Australia (RBA) interest rate hike...

US Dollar Shakes Off Syrian Intervention Concerns with 0.3% USD/CAD Exchange Rate Rise The US Dollar’s advance against the Canadian Dollar today has come at a troubling time for the US, as the country appears to once again be on the brink of war in the Middle East. Echoing events from a year ago, in the wake of a suspected chemical...

Market concerns about the possibility of a ‘trade war’ being sparked between the US and China have kept considerable pressure on the US Dollar and this made it easier for the British Pound to US Dollar (GBP/USD) exchange rate to advance when markets opened on Monday. Following last Friday’s GBP/USD jump from near 1.4000 to 1.4087,...