Latest currency exchange news at MoneyTransfer.co.uk.
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...
Euro to US Dollar Exchange Rate Sold from Highs as Spanish Inflation Disappoints
Published: 27 Mar at 5 PM
In response to some underwhelming Eurozone ecostats and a recovering US Dollar, the Euro to US Dollar (EUR/USD) exchange rate shed most of its Monday gains on Tuesday. If German inflation projections due on Thursday disappoint too, the Euro to US Dollar exchange rate could continue to fall.
After edging higher from 1.2296 to 1.2358 last...
UK Inflation Drops to 2.7%, Leaving Pound to US Dollar Exchange Rate Close
Published: 20 Mar at 4 PM
Pound to US Dollar Exchange Rate Close after Greater-than-Expected Drop in UK Inflation
The Pound has posted a minimal loss against the US Dollar on 20th March, following the announcement that UK inflation has fallen from 3% to 2.7% in February.
This was a lower reading than the expected 2.8% outcome and has led some to predict that the...
Pound Euro (GBP/EUR) Exchange Rate Rises as Draghi Downplays Latest ECB Rate Meeting
Published: 9 Mar at 4 PM
- ECB Removes Easing Bias but Extends QE Measures until SEPTEMBER – Euro (EUR) Exchange Rates Suffer -
The Pound Euro (GBP/EUR) exchange rate climbed on Friday, capitalising on comments from European Central Bank (ECB) President Mario Draghi which downplayed the bank’s decision to remove its easing bias in the March statement.
Euro to US Dollar Exchange Rate Jumps as Risk-Sentiment Pressures US Dollar
Published: 6 Mar at 5 PM
Despite Eurozone political uncertainties and a lack of particularly impressive Eurozone ecostats in recent sessions, the Euro to US Dollar (EUR/USD) exchange rate easily surged on Tuesday thanks to political news made investors less eager to hold on to ‘safe haven’ currencies like the US Dollar.
If market demand for ‘safe haven’...
British Pound to Euro Exchange Rate Recovery Limited Ahead of Friday’s Key Brexit Speech
Published: 1 Mar at 3 PM
Thanks to some decent UK ecostats, the British Pound to Euro exchange rate edged higher from its worst levels on Thursday. However, as investors anticipated a major Brexit speech from UK Prime Minister Theresa May on Friday, the Pound has only had limited appeal against the Euro.
Since opening this week at the level of 1.1361, GBP/EUR has...
Euro to US Dollar Exchange Rate Fails to Advance as Eurozone Political Uncertainties Weigh
Published: 26 Feb at 5 PM
Uncertainty ahead of a key week for Eurozone news and European politics weighed on the Euro to US Dollar (EUR/USD) exchange rate on Monday, preventing the pair from sustaining any gains. The US Dollar saw steady demand despite market anxiety ahead of a testimony from Fed Chair Powell on Wednesday.
Due to a stronger US Dollar, last week saw...