Latest currency exchange news at MoneyTransfer.co.uk.
Pound Australian Dollar Exchange Rate Steady as UK Factory Output Soars
Published: 22 Jul at 3 PM
The Pound to Australian Dollar exchange rate held steady today following the release of the latest UK factory output and orders data, which surged at its quickest rate since 1974. The pairing is currently fluctuating around AU$1.86.
Rain Newton-Smith, the chief economist at CBI, however warned:
‘Businesses have already endured a...
Pound Euro Exchange Rate Falls on Growing Concerns Over the UK’s Jobless Crisis
Published: 8 Jul at 2 PM
The Pound Euro exchange rate fell by -0.8% today as worker shortages and England’s rising unemployment crisis weighs on confidence in the nation’s economy. The pairing is currently fluctuating around €1.16.
GBP suffered following figures from the jobs websites Adzuna and Indeed showing that hospitality, transport, care, and...
Pound Euro Exchange Rate Rises as Eurozone Wage Growth Falls Below Forecasts
Published: 17 Jun at 5 PM
The Pound Euro exchange rate rose today despite the latest Eurozone inflation gauge for May confirming forecasts and rising by 0.2%. The pairing is currently trading around €1.16.
Analysts at Reuters commented:
‘A sharp spike in energy prices and more expensive services boosted euro zone consumer inflation in May as expected …...
Pound Euro Exchange Rate Steady Ahead of ECB Rate Decision
Published: 10 Jun at 12 PM
The Pound Euro exchange rate held steady today ahead of the European Central Bank’s (ECB) interest rate decision, which is expected to remain at 0%. The pairing is currently trading around €1.15.
The Euro failed to gain on the Pound (GBP) with Eurozone markets speculating over whether the ECB will dial back its Pandemic Emergency...
GBP/NZD Exchange Rate Dips Despite Hawkish Bias from the Reserve Bank of New Zealand
Published: 27 May at 10 AM
The Pound New Zealand Dollar (GBP/NZD) exchange rate fell by -0.2% despite the Reserve Bank of New Zealand’s (RBNZ) hawkish bias this week by forecasting a possible rate hike next year. The pairing is currently trading around NZ$1.93.
The New Zealand Dollar’s gains against the Pound – which shot up by 1% yesterday – proved to be...
Pound Euro Exchange Rate Sinks as Indian Variant Fears Dampen Confidence in UK Economy
Published: 20 May at 2 PM
The Pound Euro exchange rate fell by -0.2% today as the Indian variant of Covid-19 has weakened confidence in the UK’s ability to recover its economy in the months ahead. The pairing is currently fluctuating around €1.15.
Sterling traders have become increasingly jittery over the prospect of a delay in the Government’s efforts to...
Pound Japanese Yen Exchange Rate Falls Despite Growing Confidence in UK Economic Outlook
Published: 13 May at 2 PM
The Pound Japanese Yen exchange rate fell by -0.2% today despite growing confidence in the UK economy after GDP data for March rose by 2.1%. The pairing is trading around ¥153.79 at the time of writing.
Sterling benefited yesterday as the latest UK growth data highlighted that the nation’s economy had improved from the Government’s...
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).