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Pound Rallies despite Growing Concerns about UK Leadership The Pound has advanced by 0.8% against the South African Rand today, despite the handicap of a possible Conservative leadership battle behind the scenes. Although fears of this event had faded in the aftermath of the snap election earlier this year, they have since returned in...

US Dollar Update: USD ZAR Rate Rises while Trump Pledges ‘Wall will be Built’ The US Dollar has advanced to an exchange rate of 13.2338 against the South African Rand today, although domestic data has only provided limited support. On this front, US PMIs for August have shown higher overall activity for the composite reading, which...

Pound to Rand Trading Accelerates after More Brexit ‘Position Papers’ Come Out The Pound has risen by 0.5% against the South African Rand today, although this is primarily because of Rand weakness. The only UK news to speak of has been political, focusing on the UK government’s plans for the country after Brexit. Recent...

Despite a solid UK job market report coming in today, the British Pound to US Dollar exchange rate has been unable to sustain any notable recovery effort. This has largely been due to this week’s strong US retail sales stats, which came in well above expectations. After mixed movement in recent weeks, the US Dollar surged yesterday and...

US Dollar to Rand Rate Rises despite Heightened Tension about Nuclear War In spite of the handicap of alarming political news, the US Dollar has still risen against the South African Rand today. The main news today has been that tensions between the US and North Korea have seemingly hit an all-time high. Responding to news that North...

Despite persistent US political uncertainty in recent weeks, the British Pound to US Dollar exchange rate has fallen due to Bank of England (BoE) news and a strong US Non-Farm Payroll report. UK news and US data has caused GBP/USD volatility over the last week. The pair opened the week at the level of 1.3133 and briefly hit a 2017-high of...

After strong performance earlier in the week due to US political and economic concerns, the British Pound to US Dollar exchange rate shed most of its gains on Thursday. The day’s Bank of England (BoE) news left Sterling much weaker. The pair started this week at the level of 1.3132 and hit a 2017 high of 1.3256 on Thursday morning....

Traders have largely abandoned the Australian Dollar today, which has led to a -0.5% slide against the Pound. This sudden drop in confidence was triggered by a speech from Reserve Bank of Australia (RBA) Governor Philip Lowe. Speaking in Sydney, Lowe emphasised that the RBA did not feel tied to other global central banks when it came to...

The US Dollar to Japanese Yen exchange rate tumbled last week, despite an unexpectedly dovish Bank of Japan (BoJ) meeting that led to a brief Yen selloff. Low Fed rate hike bets have kept the US Dollar generally unappealing against its rival. USD/JPY began last week trading at around 112.52. At the end of the week the pair continued to...

The Pound has made gradual gains against the Swiss Franc on July 10th, rising from an opening exchange rate of 1.2425 to 1.2449 later in the day. This Pound strength against the Franc has largely been caused by Swiss economic deterioration, given that the latest UK news has been somewhat negative overall. Chief among the latest issues...

The Pound has soared by 2% against the South African Rand today, thanks to a sharp drop in ZA economic confidence. UK data has actually been unsupportive, with the services and composite PMIs for June showing falling economic growth. The drops recorded were greater than expected and followed earlier declines in the UK’s manufacturing...

The Euro to US Dollar exchange rate saw a surge in demand on Tuesday, as investors bought the shared currency up in reaction to the latest comments from European Central Bank (ECB) President Mario Draghi. EUR/USD gains were limited by impressive US consumer confidence however. EUR/USD began this week trading at the level of 1.1190. After...

The poor run of US data continued at the start of the week, with May’s durable goods orders contracting far more sharply on the month than forecast. This offered a fresh boost to the Euro US Dollar exchange rate, throwing the likely timing of the next Federal Reserve interest rate hike further into doubt. Orders contracted -1.1% on...

The Reserve Bank of New Zealand (RBNZ) has caused the latest New Zealand Dollar appreciation. After news emerged that the RBNZ had left interest rates at 1.75%, the New Zealand Dollar spiked up against the Pound. According to Kiwibank Chief Economist Zoe Wallis, this was because; ‘The market was expecting stronger language on the...

The Pound managed to rise to a high of 1.2810 on Monday’s trading session, but soon fell to a lower rate of 1.2751. This mixed movement came during the first official Brexit talks between UK and EU negotiators. The talks began almost on the anniversary of June 23rd's EU Referendum, where the UK first voted to separate from the EU. The...

The Pound to Euro exchange rate was edging higher earlier in the week as markets expected a big majority for the Conservative party in the UK general election. However, the election ended in a hung parliament and the Pound plummeted. GBP/EUR quickly shed over a cent on Thursday evening and Friday morning as the results came in and the pair...

The GBP CAD exchange rate mounted a recovery by mid-morning today as recent polls suggested that the Conservatives still enjoyed a healthy lead over Labour. The Pound Canadian Dollar (GBP CAD) exchange rate initially tumbled this morning following the recent terror attack in London, with investors shying away from Sterling as they feared...

Australian Dollar Slumps as Moody’s Worries about Chinese Economy As well as direct Australian news weakening Australian Dollar demand today, the AUD has also slipped due to Moody’s downgrading its Chinese credit rating. For the first time in nearly 20 years, the company cut its Chinese credit score from A1 to Aa3. In other scales,...

The US Dollar to Japanese Yen exchange rate has seen its worst drop since March this week. Scandals surrounding US President Donald Trump have weakened the ‘Greenback’ and left ‘safe haven’ currencies like the Yen more appealing. USD/JPY began the week trading at around 113.33. The pair then plummeted in the middle of the week and...

Pound Slips as BoE Downgrades Growth Forecasts and Predicts Wage Squeeze The Pound has fallen sharply against the Swedish Krona today, from an opening exchange rate of 11.54 to the latest lows of 11.41. Bank of England (BoE) announcements have triggered this decline, with the BoE interest rate decision starting off the day’s...