Latest currency exchange news at MoneyTransfer.co.uk.
Euro to US Dollar Exchange Rate Slips from Highs as Eurozone PMIs Fall Short
Published: 24 Jul at 3 PM
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...
Pound Sterling to US Dollar Exchange Rate Drops -0.6% on Lower BoE Rate Hike Odds
Published: 19 Jul at 5 PM
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...
Pound Sterling to New Zealand Dollar (GBP/NZD) Exchange Rate Rises on UK GDP Upgrade
Published: 10 Jul at 2 PM
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...
Rising UK Factory Orders Push Pound Sterling to US Dollar Exchange Rate (GBP/USD) Up 0.3%.
Published: 20 Jun at 5 PM
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...
British Pound to Euro Exchange Rate Slips as UK Jobs Data Fails to Impress Economists
Published: 12 Jun at 3 PM
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...
Barnier’s Rejection of Brexit Backstop Triggers GBP/USD Exchange Rate Losses
Published: 8 Jun at 4 PM
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...
Retail Sales Recovery Triggers 0.5% Pound to Canadian Dollar (GBP/CAD) Exchange Rate Rise
Published: 24 May at 2 PM
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,...
Pound Euro (GBP/EUR) Exchange Rate Fluctuates as UK Labour Market Continues to Tighten
Published: 15 May at 5 PM
- 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...
Pound to Euro Exchange Rate Rises 0.3% ahead of Key UK PMI Data
Published: 30 Apr at 5 PM
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...
US Dollar to Canadian Dollar Exchange Rate Rises 0.3% as Syrian Situation Boosts Oil Prices
Published: 12 Apr at 10 AM
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...
British Pound to US Dollar Exchange Rate Advances as Trade Jitters Worsen
Published: 9 Apr at 5 PM
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,...
Snowstorms Impact UK Services Sector – Pound US Dollar (GBP/USD) Exchange Rate Falls
Published: 5 Apr at 2 PM
- 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’...
Pound to Euro Exchange Rate Rises after UK Minor UK Manufacturing Sector Growth
Published: 3 Apr at 5 PM
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...