Latest currency exchange news at MoneyTransfer.co.uk.
Pound US Dollar (GBP/USD) Exchange Rate Slips on Financial Gloom for British Households
Published: 19 Feb at 5 PM
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.
GBP/USD Exchange Rate Climbs as UK Inflation Holds Steady
Published: 13 Feb at 3 PM
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...
US Dollar to South African Rand Exchange Rate Slides after Government Shutdown
Published: 9 Feb at 3 PM
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...
British Pound to US Dollar Exchange Rate Slumps as US PMIs Impress Investors
Published: 5 Feb at 5 PM
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 Nears 2-Month High with 0.7% Surge
Published: 1 Feb at 3 PM
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...
EUR USD Exchange Rate Rallies as Eurozone GDP Impresses
Published: 30 Jan at 3 PM
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...
GBP/AUD Exchange Rate Steadies on Renewed US Dollar Caution
Published: 25 Jan at 2 PM
The Pound Australian Dollar (GBP/AUD) exchange rate remained within a narrow band on Thursday morning, limited by fresh concerns for the US Dollar (USD) but supported by growing optimism for a post-Brexit UK-US trade deal.
The Pound’s performance was buoyed by new remarks from US Treasury Secretary Steven Mnuchin at the World Economic...
Strong Confidence Stats Push Euro to US Dollar (EUR/USD) Exchange Rate Up
Published: 23 Jan at 4 PM
Forecast-Beating Eurozone Confidence Growth Increases Euro to US Dollar Demand
The Euro has risen by 0.4% against the US Dollar today, following the release of data that shows growing economic confidence across the Eurozone.
Initial ZEW economic sentiment figures have shown higher-than-forecast confidence index readings for Germany and...
Pound to New Zealand Dollar Exchange Rate Rises despite Inflation Slowdown Concerns
Published: 16 Jan at 5 PM
Pound to New Zealand Dollar Exchange Rate Rises despite Slowing UK Inflation
The Pound has made a minimal rise against the New Zealand Dollar today, despite the handicap news of slowing UK inflation rates.
Basic annual inflation fell to 3% in December, while the core reading printed lower at 2.5%. While the base reading showed a...
US Dollar to Japanese Yen Exchange Rate Sheds 2 Yen Following Bank of Japan’s Latest Actions
Published: 15 Jan at 5 PM
Despite recent strong US inflation data, the US Dollar to Japanese Yen exchange rate has fallen since last week. Investors have been digesting the latest Bank of Japan (BoJ) news, as the bank trimmed back on its purchases of long-term Japanese government bonds.
After opening last week at the level of 113.03, USD/JPY tumbled by over two Yen...
Fears over ‘No Deal’ Brexit Leave Pound Exchange Rates Lower
Published: 10 Jan at 3 PM
Pound Sterling (GBP)
The Pound has failed to advance against the Euro or US Dollar on Wednesday’s trading session, due to persistent concerns about Brexit and Theresa May’s ability to govern.
Mrs May has come under fire for failing to implement significant change during a recent cabinet reshuffle, which has led some to question how...
Euro to US Dollar Exchange Rate Falls as German Coalition Issues Remain
Published: 8 Jan at 3 PM
Euro to US Dollar Exchange Rate Drops on Growing Concerns over German Coalition
The Euro has fallen by -0.5% against the US Dollar today, as German coalition talks drag on.
German Chancellor Angela Merkel’s CDU/CSU union took the most votes in the late 2017 federal election, although this was not enough to secure an outright...
Pound to South African Rand Update: GBP/ZAR Exchange Rate Drops on Income Concerns
Published: 27 Dec at 5 PM
Pound to Rand Exchange Rate Drops after Worrying UK Income Forecast
The Pound has lost ground to the South African Rand today, falling by -1.4% in the pairing.
This deterioration is mainly down to a strong Rand, although UK domestic data hasn’t helped in the situation.
UK real incomes are expected to be flat in 2018, meaning that...
GBP/ZAR Exchange Rate Drops as ANC President Vote is Counted
Published: 18 Dec at 3 PM
Pound Loses Ground to Stronger South African Rand despite Stable UK Orders
The Pound has risen against most of its regular peers on Monday’s trading session, with the exception of the stronger South African Rand.
This is no fault of GBP, as the Rand has instead been the stronger currency in the pairing.
Elsewhere, GBP has...
GBP/NZD Exchange Rate Tumbles as UK Inflation Creeps Up
Published: 12 Dec at 4 PM
UK Inflation Nears 6-Year High, Triggering GBP/NZD Exchange Rate Drop
The Pound has lost ground to the New Zealand Dollar and most other peers today, following a surprising increase in UK inflation.
The rise from 3% to 3.1% has put further pressure on the Bank of England (BoE) to adjust its monetary policy.
BoE Governor Mark Carney...
Pound Struggles against US Dollar as GBP Traders are Denied Brexit Deal
Published: 4 Dec at 5 PM
Intensification of Brexit Talks Triggers GBP/USD Rate Fluctuations
The Pound has been volatile against the US Dollar today, seeing gains for most of the day before dropping back and trading tightly in the pairing.
The GBP/USD exchange rate initially rose because of Brexit optimism; at one point it was speculated that previously stalled...