Latest currency exchange news at MoneyTransfer.co.uk.
Pound to US Dollar Exchange Rate Advances on Weaker US Dollar but Gains Limited
Published: 15 Apr at 3 PM
While the Pound struggled to mount much of a recovery against other major currencies this week, the Pound to US Dollar (GBP/USD) exchange rate has been gradually advancing. The Pound is benefitting from weakness in the US Dollar.
Last week saw GBP/USD tumble from the level of 1.3830 down to 1.3705, as the Pound was sold in a bout of...
British Pound to US Dollar Exchange Rate Struggles to Recover after Profit Taking Hit
Published: 8 Apr at 2 PM
The past week has seen both the Pound and US Dollar sold from their best levels, but the British Pound to US Dollar (GBP/USD) exchange rate is tumbling as the Pound was hit particularly hard by a shift in market appetite.
Both currencies have seen strong movement in recent weeks, leading to GBP/USD volatility. Last week, GBP/USD dipped...
Pound to US Dollar Exchange Rate Near Month-And-A-Half Worst as US Growth Report Comes In
Published: 25 Mar at 3 PM
The British Pound to US Dollar (GBP/USD) exchange rate has been tumbling this week, as investors seeking safer assets buy the US Dollar against a weaker Pound. While the pair flounders near lows, markets await tomorrow’s key UK and US data.
Since GBP/USD opened this week at the level of 1.3869, the pair has been trending with a bearish...
Pound to US Dollar Exchange Rate Gains Limited as Markets Digest BoE and Fed Decisions
Published: 18 Mar at 3 PM
After trending lower for half of the week, the British Pound to US Dollar (GBP/USD) exchange rate has been attempting to climb since last night’s Federal Reserve decision. However, today’s Bank of England (BoE) decision did little to bolster Sterling higher.
Since opening this week at the level of 1.3921, GBP/USD has seen mixed...
Euro to US Dollar Exchange Rate Continues Recovery despite ECB’s Dovishness
Published: 11 Mar at 4 PM
Investors continued to buy the Euro to US Dollar (EUR/USD) exchange rate today, with the pair still recovering from the lows seen at the beginning of the week. The US Dollar has been tumbling since US inflation data was published yesterday, which is boosting Euro appeal despite a cautious tone from the European Central Bank (ECB).
Euro to US Dollar Exchange Rate Returns to Key 1.22 Levels as Federal Reserve Stays Dovish
Published: 25 Feb at 3 PM
Despite uncertainty over the Eurozone’s coronavirus outlook, the Euro to US Dollar (EUR/USD) exchange rate has been trending higher again this week. Whether or not the pair sustains a strong advance depends on upcoming Eurozone and US data however.
Since markets opened this week, EUR/USD has been trending with an upside bias. EUR/USD...
British Pound to US Dollar Exchange Rate Hits New 33 Month Best despite Strong US Data
Published: 19 Feb at 4 PM
The British Pound to US Dollar (GBP/USD) exchange rate continues to go from strength to strength, despite some strong US data today. Optimism around Britain’s potential for recovery from the coronavirus pandemic continues to dominate the pair.
At the beginning of the week, GBP/USD trended in the region of 1.3843 but spent the week...
British Pound to US Dollar Exchange Rate Flounders as Markets Digest Political Chaos
Published: 7 Jan at 5 PM
Amid the tail-end of a chaotic week for global markets, the British Pound to US Dollar (GBP/USD) exchange rate has steadied. Investors continue to digest the events of the past few days, but the US Dollar may strengthen if upcoming data impresses.
After opening this week at the level of 1.3676, GBP/USD briefly edged higher and touched on...
Pound to Euro (GBP/EUR) Exchange Rate Dips as Brexit Fears Weigh on UK Market Optimism
Published: 24 Nov at 4 PM
The Pound to Euro (GBP/EUR) exchange rate fell today after the Bank of England’s (BoE) Governor, Andrew Bailey, commented that Brexit could cause more damage to the British economy than Covid-19.
As a result, GBP investors have become increasingly jittery as UK-EU trade talks have failed to emerge with any certain signs of a post-Brexit...
GBP/USD Exchange Rate Rises as Covid-19 Vaccine Hopes Boost UK Economic Mood
Published: 10 Nov at 5 PM
The Pound rose against the US Dollar today following positive news that the UK could receive up to 10 million Covid-19 vaccine as early as the end of the year.
UK Health Minister Matt Hancock was confident that vaccines could be rolled out by December.
The British Medical Association commented:
‘Vaccine availability will be...
British Pound to US Dollar Exchange Rate Avoids Major Losses amid Resilient Market Sentiment
Published: 23 Oct at 5 PM
Both the Pound and US Dollar weakened today, ending the week with a jittery note for the British Pound to US Dollar (GBP/USD) exchange rate. Investors may be more likely to buy the pair in the coming weeks though as UK and US political uncertainties clear up.
Since opening this week at the level of 1.2915, GBP/USD has been trending with...
British Pound to US Dollar Exchange Rate Jittery Ahead of US Presidential Debate
Published: 29 Sep at 5 PM
Both the Pound and US Dollar weakened today, leaving the British Pound to US Dollar (GBP/USD) exchange rate jittery in anticipation of tonight’s US Presidential Debate.
Following last week’s tumble from the level of 1.2918 to 1.2742, GBP/USD has been trending with an upside bias this week so far.
Though GBP/USD’s advances have...
Pound to US Dollar (GBP/USD) Sinks as Fed Announces 'Unlimited QE' Program
Published: 23 Mar at 5 PM
The Pound to US Dollar (GBP/USD) exchange rate fell by over -1% after the US Federal Reserve launched an ‘unlimited’ quantitative easing program to boost the US economy. The pairing is currently fluctuating around $1.146.
Chris Rupkey, the Chief Financial Economist at MUFG Union Bank, commented: “Fed policy is shifting into a higher...
Pound to Euro Rises, UK Hopes to 'Turn the Tide' of the Coronavirus in 12-Weeks
Published: 20 Mar at 5 PM
The Pound Euro (GBP/EUR) exchange rate recovered from its 11-month lows against after the Bank of England (BoE) cut its interest rates to an all-time low of 0.1%. The Bank also announced £200bn of money creation to help the UK’s economy throughout the coronavirus pandemic.
Tom Stevenson, an Analyst at Fidelity International, commented...
Pound US Dollar (GBP/USD) Plummets to Lowest Level Since 1985
Published: 18 Mar at 5 PM
The Pound US Dollar (GBP/USD) plummeted by over -2% and is currently trading around $1.17, its lowest level since 1985. Traders have flocked to the safe-haven refuge of the US Dollar (USD) today with the ongoing coronavirus crisis threatening to push the global economy into a recession.
Thomas Flury, a Currency Strategist at the Swiss...
US Dollar South African Rand (USD/ZAR) Sinks as Fed Rate Cut Odds Rise
Published: 10 Mar at 3 PM
The US Dollar South African Rand (USD/ZAR) exchange rate fell by -0.7% today, with the pairing currently trading around R15.920 as the ‘Greenback’ continues to suffer from falling US bond yields and fears of another US Federal Reserve rate cut.
Michael Gapen, the Head of US Economics Research at Barclays, commented that the...