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November 2018 News Archive

Archived Daily FX News from the Money Transfer News Team...

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...
Euro to US Dollar Exchange Rate Sees Heavy Fluctuations with US Election Still Far from Certain Published: 4 Nov at 5 PM
The Euro to US Dollar (EUR/USD) exchange rate has seen intensifying volatility and fluctuations since last night, as the results of the 2020 US Presidential Election turn out to be far less clear than expected. Since opening this week, EUR/USD been trending with a largely downside bias as investors continue to avoid risks. EUR/USD opened...
British Pound to Euro Exchange Rate Knocked from 6-Month Best as Markets Digest Election News and Ecostats Published: 12 Nov at 1 PM
Following a jump in demand for the Pound yesterday, the British Pound to Euro (GBP/EUR) exchange rate has seen more mixed movement today. Investors sold the pair from its best levels overnight, but UK election hopes and mixed Eurozone data have meant that its losses are limited. As a result, GBP/EUR is on track to have sustained most of...
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 Euro Exchange Rate Unable to Hold 6-Month-Best on Brexit Uncertainties Published: 14 Nov at 11 AM
<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...
British Pound to Euro Exchange Rate Tests 6-Month-Best on Speculation of Incoming Brexit Deal Published: 13 Nov at 5 PM
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...
Australian Dollar to New Zealand Dollar Exchange Rate Hits 4-Month-Worst on Rising New Zealand Outlook Published: 8 Nov at 1 PM
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...
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...
Euro to US Dollar Exchange Rate Recovers on US Political Uncertainty Published: 30 Nov at 5 PM
Despite some underwhelming Eurozone inflation results and strong US economic data in recent sessions, the Euro to US Dollar exchange rate recovered from its worst levels on Thursday and trended closer to the level of 1.19. Due to stronger ‘Greenback’ demand, EUR/USD has spent most of this week lower than the week’s opening level of...
GBP CAD Exchange Rate Rallies Following Comments from BoE?s Tenreyro Published: 24 Nov at 3 PM
The GBP CAD exchange rate surged close to a weekly high this morning as investors welcomed comments from the Bank of England’s (BoE) Silvana Tenreyro regarding the possibility of future rate hikes. <h2>Pound Canadian Dollar (GBP CAD) Surges on Rate Hike Hints</h2> The Pound Canadian Dollar (GBP CAD) exchange rate leapt by...
US Dollar to New Zealand Dollar Takes a Tumble as RBNZ Meeting Surprises Traders Published: 9 Nov at 1 PM
Market uncertainty about how US tax reform plans will progress, as well as a surprisingly optimistic tone from the Reserve Bank of New Zealand (RBNZ), has left the US Dollar to New Zealand Dollar exchange rate weaker towards the end the week. After opening the week at the level of 1.4478, USD/NZD briefly jumped to a high of 1.4543. Since...
US Dollar Japanese Yen Exchange Rate Buoyed by BoJ Dovishness Published: 6 Nov at 2 PM
Although support for the US Dollar was somewhat limited at the start of the week this was not enough to prevent the USD JPY exchange rate making fresh gains. BoJ to Remain Dovish for Foreseeable Future Confidence in the Yen weakened sharply in response to the latest commentary from Bank of Japan (BoJ) Governor Haruhiko...
Dovish Bank of England (BoE) Forecast Triggers GBP/AUD Decline, despite Rate Hike Published: 2 Nov at 3 PM
Gloomy Outlook for UK Economy Drags GBP/AUD Exchange Rate Down The recent upset for Pound traders has come from the Bank of England (BoE), which has finally committed and raised interest rates for the first time in over a decade. The BoE did as expected in its policy meeting and raised rates from 0.25% to 0.50%, but the Pound instead...
US Dollar to Euro Exchange Rate Rises with December US Interest Rate Hike Odds Published: 18 Nov at 1 PM
US Dollar Euro Gains Increase after Fed Testimony The US Dollar has managed to make steady gains against the Euro this week, and today has been no exception. Rising from a rate of 0.92 on Monday, the US Dollar has since climbed to 0.94 today and could well continue rising later on. The latest source of support for USD amid ongoing...
Pound Sterling Maintains Gains after Retail Sales Surprise Published: 17 Nov at 4 PM
Pound Sterling (GBP) Thursday’s only major UK data turned out to be a blessing to the Pound, which was able to rally across the board in the wake of better-than-expected October retail sales results. While positive movement had been expected, the universal advances seen for the results put the Pound in a strong position overall. The...
Trump Presidency Win Knocks US Dollar Japanese Yen Exchange Rate to Monthly Low Published: 9 Nov at 1 PM
The US Dollar to Japanese Yen exchange rate became one of the most-traded exchange rates on Tuesday night and Wednesday morning as markets reacted to the shock of Donald Trump’s Presidential win by turning to ‘safe havens’. USD/JPY actually trended near the week’s opening levels of 103.10 after Tuesday’s surge and Wednesday’s...
US Dollar to Swiss Franc Exchange Rate Crash could be Reversed by Trump Election Victory Published: 7 Nov at 4 PM
US Dollar Rally Expected to Fade when US Election Voting Begins The US Dollar found itself in extremely high demand during trading on Monday, thanks mainly to election-based news. Against the Swiss Franc, the US Dollar posted a 1.1% rise at a rate of 0.97. Following the previous controversial FBI announcement that it was reinvestigating...
New Zealand Dollar to Chinese Yuan Renminbi (NZD/CNY) Exchange Rate: Third Drop in Dairy Prices Weakens ?Kiwi? Further Published: 18 Nov at 3 PM
A third drop in the GlobalDairyTrade Auction Winning Bid has seen the NZD/CNY exchange rate fall, despite a weak Chinese economy weighing heavily on the Yuan Renminbi. Dairy prices continue to cause ripples in the New Zealand economy. <h2>NZD/CNY Exchange Rate Trending Down as Dairy Prices Experience Biggest Drop Since...
AUD/USD Exchange Rate Forecast: Australian Dollar Gains Thanks to US Trader Profit Taking Published: 17 Nov at 3 PM
Trader profit-taking and a pause before the release of the important US Consumer Price Index has allowed the AUD/USD to trend upwards, with the ‘Aussie’ up 0.3% on the ‘Buck’. AUD/USD Exchange Rate Forecast: Australian Dollar Trends Up on Positive Jobs Data Australian labour market data had a similar effect on the ‘Aussie’...
New Zealand Dollar to US Dollar Exchange Rate: NZD/USD Down in Risk-Off Environment Published: 16 Nov at 2 PM
The high-risk New Zealand Dollar is currently trending down across the board as momentum builds towards a US December rate hike by the Federal Open Market Committee (FOMC). The NZD/USD exchange rate is down -1% today and key US inflation data due out tomorrow could compound losses. NZD/USD Exchange Rate Forecast: Dairy Price Drop Weakens...
Australian Dollar to US Dollar (AUD/USD) Exchange Rate Sees Bullish Advance on Strong Jobs Results Published: 12 Nov at 12 PM
In a mirror image of last week’s US Dollar performance, the ‘Aussie’ has shot up against the major currencies after posting jobs change figures that are nearly four-times greater than forecast. US data and Fed speeches due during today’s London session could halt AUD/USD progress, however. AUD/USD Exchange Rate Sees Bullish Rise as...
Pound Sterling to New Zealand Dollar (GBP/NZD) Exchange Rate Up Following Mixed UK Jobs Data Published: 11 Nov at 5 PM
After some promising UK unemployment data, the GBP/NZD exchange rate has seen positive movement, recovering some ground towards the monthly high which preceded the ‘Super Thursday’ slump. GBP/NZD Exchange Rate Trending Up With UK Jobs Data Release After a few days stagnating Pound Sterling has seen a slight upward trend following...
Massive Downtrend in EUR-USD Exchange Rate Today as Eurozone News Misses Predictions Published: 4 Nov at 4 PM
Euro Hindered by PMI Decline Today, US Dollar Rises on Better-than-Expected ISM Score A major upset has occurred with today’s predictions for the Eurozone Composite and Services PMIs for October; not only have the Italian and French results mostly risen above estimated figures, but the more impactful German and overall Eurozone results...
US Dollar to Indian Rupee Exchange Rate Strengthens on GDP Data Published: 27 Nov at 12 PM
The US Dollar advanced against the Indian Rupee after Gross Domestic Product (GDP) data came in better than forecast and showed that the world’s largest economy is fending off threats from slowdowns in the wider global economy. According to the Washington based Commerce Department, the US economy expanded at an annual rate of 3.9%...
Canadian Dollar to US Dollar Exchange Rate Falls as Oil Tumbles to 4-Year Low Published: 27 Nov at 12 PM
The Canadian Dollar softened against the US Dollar in a session where trade of the ‘Greenback’ is muted due to the closure of US markets for the Thanksgiving Holidays. Despite the US markets, being closed the ‘Loonie’ still fell as investors favoured the safer ‘Greenback’ over the riskier ‘Loonie’. Oil prices have played a...
Pound Sterling to Australian Dollar Exchange Rate closing in on 1-Month High Published: 27 Nov at 11 AM
The Pound to Australian Dollar exchange is strengthening towards a monthly high as the ‘Aussie’ continues to receive a beating on the back of tumbling iron ore prices and negative rhetoric from the Reserve Bank of Australia. The Australian Dollar also weakened against the US Dollar by falling to the 84 cents region. The ‘Aussie’...
Canadian Dollar (CAD) Jumps after Inflation Gain GBP/CAD GBP/USD Stronger Published: 24 Nov at 4 PM
The Canadian Dollar posted widespread gains and advanced on both the Pound (CAD/GBP) and US Dollar (CAD/USD) on Friday following the publication of Canada’s Consumer Price Index. Canadian CPI climbed by 0.3% on the month in October, beating expectations for a 0.2% increase. On the year, CPI jumped from 2.0% in September to 2.4% in October....
Pound to Euro Exchange Rate Eases on German Data Published: 24 Nov at 4 PM
The Pound to Euro exchange rate eased slightly on Monday after German business confidence increased unexpectedly in November as recent GDP data showed that the Eurozone’s largest economy avoided sliding into recession in the third quarter of the year. According to the Ifo institutes data which is based on surveying 7,000 business...
Euro (EUR) Struggles against Pound (GBP) and US Dollar (USD) after Services Sectors Weaken Published: 20 Nov at 3 PM
The Euro to Pound Sterling (EUR/GBP) and Euro to US Dollar (EUR/USD) exchange rates weakened following the publication of below-forecast Manufacturing and Services PMI for the Eurozone and its largest economies. As the data increases the odds of the ECB rolling out full-scale quantitative easing measures in the near future, the Euro softened...
Pound Sterling (GBP) Exchange Rate Gains on Euro, US Dollar, Australian Dollar as Minutes show Vote Split Published: 19 Nov at 3 PM
Shortly after the minutes from the latest Bank of England (BoE) policy meeting were published, the Pound Sterling (GBP) exchange rate advanced on the majority of its currency counterparts. The Pound gained by over 0.2% against the Euro, around 0.3% against the US Dollar, more than 1.1% against the Australian Dollar and around -0.9% against...
Japanese Yen (JPY) Exchange Rate Slides amid Election Speculation Published: 14 Nov at 12 PM
The Japanese Yen (JPY) has come in for a rough ride this week, with the currency falling to a seven-year low against the US Dollar (USD/JPY). The Bank of Japan’s decision to roll out a fresh batch of stimulus measures undermined demand for the safe-haven asset in the aftermath of the central bank’s policy announcement. The currency has...
US Dollar (USD) Exchange Rate Softens on Pared Rate Bets Published: 13 Nov at 12 PM
The US Dollar (USD) exchange rate came under pressure at the close of last week as the US Non-Farm Payrolls report disappointed expectations and led to some reshuffling of Federal Reserve rate-hike expectations. However, as industry experts assessed that the data wasn’t soft enough to warrant an extensive delay to the first increase in...
Pound Sterling (GBP) Exchange Rate Plummets after BoE Inflation Report Published: 12 Nov at 2 PM
The Pound Sterling (GBP) exchange rate experienced a rough ride on Wednesday as domestic developments saw it rise initially before plummeting across the board. The Pound was able to post moderate gains against several of its main currency counterparts early in the European session as the UK’s average earning’s figure surpassed...
Swiss Franc (CHF) Exchange Rate Pressured by Stimulus Speculation and Gold Referendum Published: 11 Nov at 4 PM
On Tuesday the Swiss Franc was trading within touching distance of the 1.20 cap against the Euro placed on the currency pairing by the Swiss National Bank (SNB) over three years ago. With concerns that the Eurozone could be on the verge of recession keeping demand for the Euro depressed, the Swiss Franc climbed to 1.20242 against its European...
BoE Leaves Interest Rates On Hold ? Pound Sterling (GBP) Declines Published: 6 Nov at 2 PM
On Thursday the Pound posted widespread declines in response to the Bank of England’s interest rate decision. Speculation surrounding the timing of the first UK interest rate increase has been mounting all year in response to the BoE's adapted its forward guidance policy. The central bank had originally tied hiking borrowing costs to the UK...
CAD, AUD, ZAR Slide as Commodity Currencies Feel the Heat ? Oil, Iron Drop Published: 5 Nov at 3 PM
On Wednesday the recent sell-off in commodity-driven currencies continued and the Canadian Dollar (CAD), Australian Dollar (AUD) and South African Rand (ZAR) all suffered. Canadian Dollar (CAD) The latest slump in the price of crude oil, Canada’s most important commodity, dragged the Canadian Dollar to a five-year low against the US...
The Pound Sterling?s upward trajectory continues Published: 29 Nov at 11 AM
The pound continues to reinforce itself at the upper end of recent trading ranges, improving on its multi-year highs against a number of currencies like the US, Australian and Canadian dollars and multi-month highs against a range of currencies like the New Zealand dollar and the euro. The pound was given a further boost yesterday by a...
Pound remains on a high Published: 28 Nov at 11 AM
News from the Office for National Statistics (ONS) that the UK economy expanded at an 0.8% rate in the third quarter of this year, in line with analysts’ expectations helped the pound remain at the top end of its 2013 trading range. It opens this morning at 3 year highs against the Australian and Canadian dollars and the Thai Baht and...
Pound remains at top end of its trading range while US dollar weakens Published: 27 Nov at 11 AM
The pound remains at multi-year highs against a range of currencies including the Canadian and Australian dollars and multi-month highs against others like the euro and New Zealand dollars. Bank of England (BoE) Governor Mark Carney testified yesterday to the Treasury Select Committee and strongly rebuffed suggestions that his policy...
The pound holds on to its recent gains Published: 26 Nov at 10 AM
The pound opened the week holding on to the recent gains which saw it hit a multi-year high against the likes of the Australian and Canadian dollars and multi-month highs against the likes of the Euro and New Zealand dollars. The British Bankers’ Association (BBA) reported yesterday that the UK housing market continues to see a pick-up...
Pound at multi-year high?s Published: 22 Nov at 9 AM
The pound stands at multi-year high’s this morning against the Australian and Canadian dollar’s and multi-month highs against the euro and New Zealand dollar’s as the data out of the UK continues to improve and the ramifications of the minutes of the latest US Federal Reserve policy meeting are felt across the economic world. In the...
Pound close to 10 month high against the euro Published: 21 Nov at 9 AM
The pound rose sharply yesterday afternoon against the single currency. Yesterday morning, the minutes of the last Bank of England (BoE) Monetary Policy Committee (MPC) meeting from 6/7 November were published and showed a unanimous vote to maintain the Bank base rate and the stock of asset purchases unchanged at 0.5% and £375 billion...
It?s all about China Published: 20 Nov at 9 AM
China continues to dominate the news headlines this week. After the publication over the weekend of what some commentators are calling the most far reaching reform package since 1985, yesterday China's central bank stated that it intends to follow a policy that gradually moves away from regular interventions in the foreign exchange...
News of Chinese reforms drives risk appetite Published: 19 Nov at 10 AM
News over the weekend of the biggest reform package from the Chinese leadership since 1985 improved risk sentiment, drove the Dow Jones index in New York over the 16,000 level and aided the high yielding, risk based currencies like the Australian and New Zealand dollars. The Chinese leadership outlined the biggest restructuring of its...
The pound basks on aftermath of Bank of England comments Published: 15 Nov at 9 AM
The pound continues to benefit from the most positive outlook on the UK economy made by the Bank of England in 6 years trading towards the top end of its trading range virtually across the board. The pound received further support yesterday after a report from the Council of Mortgage Lenders stated that home repossessions have fallen to...
The pound received a timely boost Published: 14 Nov at 9 AM
In complete contrast to yesterday, the pound recovered all of the previous day’s losses on the back of better than expected UK employment data and the most positive assessment out of the Bank of England about the UK economy for 6 years. The latest Bank of England’s quarterly Inflation Report (IR) surprised the markets on the upside...
The pound fell heavily yesterday against the euro and the US dollar Published: 13 Nov at 5 PM
The pound fell heavily on Tuesday against both the euro and US dollar after the publication of much poorer than expected UK inflation data. The Office for National Statistics (ONS) surprised the markets yesterday with the release of its latest UK inflation data which showed that by the Consumer Price Index (CPI) measurement of inflation,...
The pound falls away from its 10 month high Published: 12 Nov at 9 AM
The pound fell away from the 10 month high reached on Thursday afternoon against th euro following the surprise decision by the European Central Bank (ECB) to cut euro zone interest rates by 0.25% to 0.25% after some worse than expected UK economic data was published. According to the Office for National Statistics (ONS), the UK’s trade...
Pound sterling surges to 10 month high against the euro Published: 8 Nov at 10 AM
The European Central Bank (ECB) surprised the markets yesterday with a 25 basis point interest rate cut, cutting euro zone interest rates from 0.5% to 0.25% following the very disappointing inflation and unemployment data out of the euro zone last week. The euro immediately came under heavy selling pressure and the pound surged to a...
Pound Euro exchange rate reaches a 1 month high Published: 7 Nov at 11 AM
The pound reached a one month high against the euro yesterday after better than expected UK industrial output data. According to data from the Office for National Statistics (ONS), UK industrial production rose at a 0.9% month-on-month pace during September, much higher than had been forecast by analysts. In addition, a report from the...
Pound Sterling supported by better than expected data Published: 5 Nov at 11 AM
The pound found support yesterday from data showing a pick-up in both the UK manufacturing and construction sectors. The latest data from market research firm Markit showed that a pick-up in export orders which are now growing at their fastest level in 32 months helped UK manufacturing in October. Output and new orders continue to grow...
Pound Euro exchange rate GBP EUR recovers strongly Published: 1 Nov at 10 AM
The pound made a strong recovery against the euro yesterday, gaining over1% on the day’s trading after the Nationwide reported that UK house prices rose at their fastest annual pace in more than three years in October. The Nationwide reported that UK house prices climbed by 5.8% year-on-year in October after a 5% increase in September....
Dollar Exchange Rate Outlook: News on US "Fiscal Cliff" Dominates Published: 29 Nov at 9 AM
The main mover in the markets yesterday was the US dollar which moved in line with the latest news on the so called ‘fiscal cliff’. The dollar initially strengthened on the back of some negative comments from senior Democrat Harry Reid who commented on the lack of progress being achieved in talks between the Democrats and Republicans...
Pound Sterling Receives a Boost, Euro Hit by Fresh Concerns Published: 28 Nov at 9 AM
Pound Sterling received a boost yesterday after the Office of National Statistics confirmed the initial third quarter GDP figure for the UK at 1%. However, analysts were quick to point out that ‘one-off’ seasonal factors like the Olympics were largely behind the data. Vicky Redwood, Chief UK Economist at Capital Economics said...
The pound fell on gloomy economic forecast from the Bank of England yesterday Published: 15 Nov at 10 AM
The pound fell heavily yesterday against all but the high yielding currencies after the gloomiest ever economic forecast of the UK economy from the Bank of England since it gained independence in 1997. In its quarterly inflation report, Governor Sir Mervyn King announced that the Bank was reducing its 2013 UK growth forecast to about 1%...
Money Exchange Outlook: Pound Sterling Receives a Boost Published: 14 Nov at 12 PM
The euro remains close to a two month low against the dollar as uncertainty about Greece and weak German economic continued to fuel risk aversion thus increasing demand for the safe haven qualities of the dollar. The euro zone continues to dominate the news agenda, largely for the wrong reasons. The one bright spark yesterday was provided...
Money transfers to America: US Dollar 2 Boosts on US Elections Published: 13 Nov at 11 AM
Trading volumes were down at the beginning of the trading week with the US markets closed for the Veterans Day public holiday. Continuing concerns about the euro zone and the so called US ‘fiscal cliff’ increased risk aversion aiding the dollar which reached a new two-month high against the euro. Despite the positive vote in Athens...
Currency Exchange News: The Euro Remains Under Renewed Pressure Published: 9 Nov at 10 AM
The Bank of England’s (BoE) voted yesterday to keep the key interest rate and level of asset purchases in the UK unchanged for November at 0.5% and £375 billion respectively. UK interest rates have now remained at their historic low of 0.5% for 44 straight months dating back to March 2009. The asset purchase program, commonly known...
Australia Money Transfer News: Election Result sees Improved Outlook for AUD, NZD & ZAR Published: 7 Nov at 11 AM
After a long, expensive and fractious campaign and despite the fact that not all the votes have been counted, President Barack Obama has won re-election for a second term in office by a surprisingly larger majority than most had predicted. Analysts at Goldman Sachs pointed out that since 1976 the S&P 500 stock market index in New York...
Money Transfers to America - Dollar Exchange Rate Strong Gains as all Eyes on the US Published: 6 Nov at 10 AM
Ahead of the US Presidential election, the euro took centre stage in the markets yesterday, albeit for all the wrong reasons as it fell to a two month low against the dollar but was largely unchanged against the pound as bad economic data continues to dominate the headlines on both sides of the channel. In the UK, Markit published...
Money Transfer Update: Dollar Strengthens ahead of the Publication of the Key Employment Data Published: 2 Nov at 12 PM
The dollar rose in trading yesterday ahead of the publication this afternoon of the key employment data from the USA with the US Presidential election less than a week away. The October ISM manufacturing sector purchasing managers index (PMI) came in higher than expected at 51.7 points. Any figure above 50 shows an expansion of the...
The Pound makes a bright start to the month Published: 1 Nov at 10 AM
The Pound Sterling has made an encouraging start to the new trading month after getting a lift from comments by the deputy governor of the Bank of England Charles Bean who apparently believes that the high levels of uncertainty are reducing the effectiveness of the bank´s quantitative easing (QE) measures. Whilst Mr. Bean did not...