Latest currency exchange news at MoneyTransfer.co.uk.
Australian Dollar to US Dollar Exchange Rate Rebounds from Post-January Worst
Published: 20 Jun at 1 PM
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...
British Pound to Euro Exchange Rate Surges on Hopes for Formal Brexit Delay
Published: 23 Jan at 4 PM
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....
Euro to US Dollar Exchange Rate Fails to Capitalise on US-China Trade Truce News
Published: 3 Dec at 5 PM
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.
Euro to US Dollar Exchange Rate Gains Limited by Underwhelming Eurozone Inflation Stats
Published: 30 Nov at 1 PM
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...
British Pound to Canadian Dollar Exchange Rate Surges Higher as Brexit Declaration Agreed
Published: 22 Nov at 1 PM
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...
British Pound to US Dollar Exchange Rate Trends near Weekly Highs Ahead of US Mid-Terms
Published: 5 Nov at 4 PM
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 News: GBP/USD Exchange Rate Rises 1.6% after BoE Meeting
Published: 1 Nov at 5 PM
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...
US Dollar to Canadian Dollar Marches Higher Despite Bank of Canada?s Hawkishness
Published: 26 Oct at 12 PM
Despite a hawkish tone taken by the Bank of Canada (BoC) during the bank’s policy decision this week, the US Dollar to Canadian Dollar (USD/CAD) exchange rate saw some late week climbs as investors remained hungry for safe haven currencies.
After opening the week at the level of 1.3088, USD/CAD saw tight movement for most of the week...
British Pound to Japanese Yen Exchange Rate Slips as Irish Border Brexit Issue Persists
Published: 22 Oct at 4 PM
The Japanese Yen has seen mixed demand in recent weeks as risk-sentiment rises and safe haven currencies weaken. Despite this though, the British Pound to Japanese Yen (GBP/JPY) exchange rate has been weakening due to Brexit jitters.
While GBP/JPY recovered from last week’s low of 145.89, the pair still slipped from 147.55 to 147.04...
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...