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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,...

- Pound (GBP) Exchange Rates Fall as Recent Snowstorms Encumber UK Services Sector - The Pound US Dollar (GBP/USD) exchange rate took a tumble on Thursday, paring recent gains as markets reacted to a poor performance in the UK’s services sector and easing fears in China-US trade relations. IHS Markit’s latest purchasing managers’...

Forecast-Beating Rise in UK Manufacturing PMI Boosts GBP/EUR Exchange Rate A better-than-expected result for the UK’s March manufacturing PMI has raised demand for the Pound today, although Sterling has struggled in other pairings. The day’s positive UK news has been that the manufacturing PMI for March has shown growth, from 55...

In response to some underwhelming Eurozone ecostats and a recovering US Dollar, the Euro to US Dollar (EUR/USD) exchange rate shed most of its Monday gains on Tuesday. If German inflation projections due on Thursday disappoint too, the Euro to US Dollar exchange rate could continue to fall. After edging higher from 1.2296 to 1.2358 last...

Pound to US Dollar Exchange Rate Close after Greater-than-Expected Drop in UK Inflation The Pound has posted a minimal loss against the US Dollar on 20th March, following the announcement that UK inflation has fallen from 3% to 2.7% in February. This was a lower reading than the expected 2.8% outcome and has led some to predict that the...

While news of a breakthrough in Brexit talks left the Pound far more appealing on Monday, the British Pound to Euro (GBP/EUR) exchange rate was ultimately unable to hold its best levels due to European Central Bank (ECB) rumours supporting the Euro towards the end of the day. ECB dovishness had been the main cause of GBP/EUR gains last...

- ECB Removes Easing Bias but Extends QE Measures until SEPTEMBER – Euro (EUR) Exchange Rates Suffer - The Pound Euro (GBP/EUR) exchange rate climbed on Friday, capitalising on comments from European Central Bank (ECB) President Mario Draghi which downplayed the bank’s decision to remove its easing bias in the March statement. The...

Despite Eurozone political uncertainties and a lack of particularly impressive Eurozone ecostats in recent sessions, the Euro to US Dollar (EUR/USD) exchange rate easily surged on Tuesday thanks to political news made investors less eager to hold on to ‘safe haven’ currencies like the US Dollar. If market demand for ‘safe haven’...

Thanks to some decent UK ecostats, the British Pound to Euro exchange rate edged higher from its worst levels on Thursday. However, as investors anticipated a major Brexit speech from UK Prime Minister Theresa May on Friday, the Pound has only had limited appeal against the Euro. Since opening this week at the level of 1.1361, GBP/EUR has...

Uncertainty ahead of a key week for Eurozone news and European politics weighed on the Euro to US Dollar (EUR/USD) exchange rate on Monday, preventing the pair from sustaining any gains. The US Dollar saw steady demand despite market anxiety ahead of a testimony from Fed Chair Powell on Wednesday. Due to a stronger US Dollar, last week saw...

A surprise rise in Britain’s key unemployment rate caused the British Pound to US Dollar exchange rate to fall to a weekly low on Wednesday, but hints of hawkishness from Bank of England (BoE) policymakers in the afternoon helped the pair recover towards the end of the day. Last week saw GBP/USD surge from 1.3827 to 1.4027 and even...

Pound (GBP) Exchange Rates Tumble on Disappointing IHS Markit Household Finance Index The Pound US Dollar (GBP/USD) exchange rate began the week on the back-foot, tumbling as markets responded to a gloomy IHS Markit report on UK household finances and last week’s run of optimism for the ‘Greenback’ on strong US data. The data...

Despite some unexpectedly high US inflation data on Wednesday, the Euro to US Dollar exchange rate only saw a brief dip before trending near its daily highs towards the end of the European session. The Euro was supported by strong Eurozone growth data throughout the day. Since opening the week at the level of 1.2253, EUR/USD has spent...

The GBP/USD exchange rate is trending higher today, following the release of the UK’s latest inflation figures. <h2>Pound (GBP) Bolstered by Upbeat GDP Figures</h2> The Pound initially soared against the US Dollar on Tuesday as the UK published its latest Consumer Price Index. According to the data published by the...

Brief Government Shutdown Triggers US Dollar to South African Rand Exchange Rate Decline The US Dollar has fallen against the South African Rand and additionally made losses against the New Zealand Dollar and Australian Dollar today. This poor performance comes after the news that the US government was briefly shut down, due to an...

A lack of supportive factors in Sterling trade this week has left the British Pound to New Zealand Dollar exchange rate in free fall, as the New Zealand Dollar benefits from NZ data and market anticipation for the upcoming Reserve Bank of New Zealand (RBNZ) policy decision. Market anticipation for the Bank of England (BoE) just isn’t...

Anticipation for Thursday’s key Bank of England (BoE) policy decision has been unable to keep the British Pound to US Dollar (GBP/USD) exchange rate buoyant so far this week, as UK data weighs on Sterling while the US Dollar recovers from its recent lows. Despite being bolstered by Bank of England speculation last week, GBP/USD was...

Pound to Australian Dollar Exchange Rate Rallies on Higher Hopes for BoE Policy Tightening The Pound has been in high demand today, rising sharply against the Australian Dollar as well as the South African Rand and Indian Rupee. This GBP/AUD advance has been caused by rising optimism that a Bank of England (BoE) interest rate hike could...

The EUR/USD exchange rate rallied hard during the European session of Tuesday as markets reacted to the Eurozone’s latest GDP figures. <h2>Euro (EUR) Bolstered by Upbeat GDP Figures</h2> The Euro made strong gains in early trading this morning as the Eurozone publishes its preliminary GDP reading for the fourth...