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While the Pound’s late-week gains on Brexit hopes were volatile and likely temporary, the British Pound to US Dollar (GBP/USD) exchange rate still sustained impressive gains last week overall. The US Dollar struggled to avoid losses against Sterling due to expectations for the Federal Reserve to cut US interest rates next week. After...

The Pound New Zealand Dollar (GBP/NZD) exchange rate eased today, leaving the pairing fluctuating around NZ$1.850. Sterling fell against the New Zealand Dollar following the announcement of the Bank of England’s interest rate decision today, which held at 0.75%. However, Mark Carney, the Governor of the BoE, was downbeat in his...

The Pound Canadian Dollar (GBP/CAD) exchange rate dropped by -0.9%, leaving the pairing fluctuating around CA$1.618. Sterling plummeted against many of its competitors today as no-deal Brexit fears soared following Tory leadership hopefuls Boris Johnson and Foreign Secretary Jeremy Hunt have hardened in their position on the Northern Irish...

The Pound Mexican Peso (GBP/MXN) rose by 0.8% today and is currently trading around Mex$ 24.0719 on the interbank market. The Mexican Peso (MXN) plummeted following the resignation of the Mexican Finance Minister Carlos Urzua. Mr Urzua resigned with little positive to say about Mexican economic policy. He said: ‘I am...

The Pound Danish Krone (GBP/DKK) exchange rate fell by -0.2% today and is fluctuating around 8.3450kr on the interbank market. Sterling (GBP) fell against the Danish Krone (DKK) following the publication of the UK construction PMI figures for June, which fell deeper into contraction from 48.6 to 43.1. Tim Moore, an Associate Director...

The Pound Australian Dollar (GBP/AUD) held steady today as ‘Aussie’ traders have been buoyed with a risk-on attitude ahead of tomorrow’s G20 summit in Japan. This came following comments from the US Treasury Secretary, Steven Mnuchin, who said yesterday: ‘We were about 90% of the way there [with a deal] and I think there’s...

The Euro US Dollar exchange rate edged higher today and is currently trading around $1.1392 on interbank market. The Euro rose despite the publication of the German IFO business expectations figures for June, which eased below the forecast 94.5 decrease to 94.2 – a near five-year low. This has left many single currency traders...

The Australian Dollar outlook has become continuously more bearish in recent weeks, but the Australian Dollar to US Dollar (AUD/USD) exchange rate has seen a strong rebound in demand this week as investors digest the latest major Central Bank developments. After opening this week at the level of 0.6873, AUD/USD briefly slumped and touched...

The Euro to Australian Dollar (EUR/AUD) exchange rate’s rally has lasted for almost a full month now, and the pair is looking on track to sustain another strong set of gains this week unless tomorrow’s highly anticipated Australian job market report beats market expectations. Following last week’s climb from 1.5975 to 1.6050, EUR/AUD...

Even though the Federal Reserve has taken a more hawkish than expected tone on the US economic outlook and some key US data has beaten expectations, the British Pound to US Dollar exchange rate’s losses on Friday were limited. Weakness in market risk-sentiment kept investors hesitant to buy the US Dollar too much. After opening this week...

Due to a stream of disappointing Eurozone ecostats published over the past week, the British Pound to Euro (GBP/EUR) exchange rate surged towards the end of Wednesday’s European session on the latest Brexit speculations. Despite mixed demand for Euro rivals, a weaker economic outlook has left the shared currency without strong support....

Despite its risk rally driven plummet at the beginning of the week, the British Pound to Australian Dollar (GBP/AUD) exchange rate has seen a strong recovery since Tuesday evening. This was due to a combination of factors including soft Brexit hopes, weaker risk-sentiment and some disappointing Australian ecostats. After opening this week...

Despite the weekend’s global trade developments making investors much more willing to take risks, the Euro to US Dollar (EUR/USD) exchange rate was not able to capitalise on the safe haven US Dollar’s fresh weakness. This was partially due to underwhelming Eurozone ecostats, weighing on market demand for the shared currency. Concerns...

Despite gaining solidly on speculation that the US and China could reach some kind of trade agreement at an upcoming G20 summit, the Euro to US Dollar (EUR/USD) exchange rate’s gains were limited by some underwhelming Eurozone stats and some late-week demand for safe havens. After opening the week at the level of 1.1338, EUR/USD spent...

The Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate made solid gains on Thursday morning after the UK and EU agreed an expanded political declaration on their future relationship. This development prompted markets to lower the odds of a no-deal Brexit, giving the Pound a strong boost across the board. Although reaction to the...

<div class="picture left"><img alt="pound-to-euro-rate-3" src="https://www.exchangerates.org.uk/images-news2/pound-to-euro-20.jpg" itemprop="thumbnailUrl" class="img-responsive img-rounded"/></div> Despite some broad uncertainties about whether a UK-EU Brexit deal could make...

In what is shaping up to be a pivotal week for the Brexit process, the British Pound to Euro (GBP/EUR) exchange rate has fluctuated in recent sessions as mixed reports give investors a mixed idea of how likely a Brexit deal is to be made in the coming sessions. Brexit focus is only likely to strengthen in the coming days. Since opening...

Demand for both the Australian Dollar and New Zealand Dollar have risen this week as markets become more willing to take risks again, but the Australian Dollar to New Zealand Dollar (AUD/NZD) exchange rate itself has tumbled due to data and news that has caused a surge in New Zealand Dollar buying. Since opening this week at the level of...

Despite broad uncertainties about the Brexit process and a lack of fresh supportive UK data, the British Pound to US Dollar (GBP/USD) exchange rate tested its best weekly levels on Monday. Investors bought Sterling due to the latest Brexit hopes, while the US Dollar struggled to avoid losses ahead of Tuesday’s anticipated US Mid-Term...

Pound Sterling to US Dollar Exchange Rate Up 1.6% on BoE Rate Hike Hopes The Pound has recovered from a midweek slump against the US Dollar today, rising sharply against the US currency and most other peers. This rise has been bipartite, with optimism about Brexit on Wednesday combining with a positive reaction to today’s Bank of...