Latest currency exchange news at MoneyTransfer.co.uk.
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...
British Pound to Euro Exchange Rate Surges on Hopes for Formal Brexit Delay
Published: 23 Jan at 4 PM
Due to a stream of disappointing Eurozone ecostats published over the past week, the British Pound to Euro (GBP/EUR) exchange rate surged towards the end of Wednesday’s European session on the latest Brexit speculations.
Despite mixed demand for Euro rivals, a weaker economic outlook has left the shared currency without strong support....
Euro to US Dollar Exchange Rate Fails to Capitalise on US-China Trade Truce News
Published: 3 Dec at 5 PM
Despite the weekend’s global trade developments making investors much more willing to take risks, the Euro to US Dollar (EUR/USD) exchange rate was not able to capitalise on the safe haven US Dollar’s fresh weakness. This was partially due to underwhelming Eurozone ecostats, weighing on market demand for the shared currency.
Euro to US Dollar Exchange Rate Gains Limited by Underwhelming Eurozone Inflation Stats
Published: 30 Nov at 1 PM
Despite gaining solidly on speculation that the US and China could reach some kind of trade agreement at an upcoming G20 summit, the Euro to US Dollar (EUR/USD) exchange rate’s gains were limited by some underwhelming Eurozone stats and some late-week demand for safe havens.
After opening the week at the level of 1.1338, EUR/USD spent...
British Pound to Canadian Dollar Exchange Rate Surges Higher as Brexit Declaration Agreed
Published: 22 Nov at 1 PM
The Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate made solid gains on Thursday morning after the UK and EU agreed an expanded political declaration on their future relationship.
This development prompted markets to lower the odds of a no-deal Brexit, giving the Pound a strong boost across the board.
Although reaction to the...
British Pound to US Dollar Exchange Rate Trends near Weekly Highs Ahead of US Mid-Terms
Published: 5 Nov at 4 PM
Despite broad uncertainties about the Brexit process and a lack of fresh supportive UK data, the British Pound to US Dollar (GBP/USD) exchange rate tested its best weekly levels on Monday. Investors bought Sterling due to the latest Brexit hopes, while the US Dollar struggled to avoid losses ahead of Tuesday’s anticipated US Mid-Term...
Pound Sterling News: GBP/USD Exchange Rate Rises 1.6% after BoE Meeting
Published: 1 Nov at 5 PM
Pound Sterling to US Dollar Exchange Rate Up 1.6% on BoE Rate Hike Hopes
The Pound has recovered from a midweek slump against the US Dollar today, rising sharply against the US currency and most other peers.
This rise has been bipartite, with optimism about Brexit on Wednesday combining with a positive reaction to today’s Bank of...