Latest 10 news items tagged Inflation from our financial blog...
Pound Australian Dollar (GBP/AUD) Exchange Rate Rises as Tensions Between Australia and China Mount
Published: 29 Apr at 12 PM 2021
The Pound Australian Dollar exchange rate rose today following yesterday’s release of the latest Australian inflation gauge. The nation’s inflation figure rose less than expected, dampening confidence in Australia’s economic recovery. The pairing is currently trading around AU$1.79.
Sarah Hunter, chief economist for BIS Oxford Economics, commented:
‘Core inflation is likely to remain weak for some time. Wages growth remains subdued and demand for many services is still recovering to pre-pandemic levels, which will limit any...
British Pound to Canadian Dollar Exchange Rate Plummets from Month Best after Bank of Canada (BoC)
Published: 22 Apr at 3 PM 2021
Despite Canadian Dollar weakness earlier in the week, the currency experienced a fresh surge in demand after yesterday’s Bank of Canada (BoC) policy decision and the British Pound to Canadian Dollar (GBP/CAD) exchange rate plummeted again.
Since opening this week at the level of 1.7305, GBP/CAD has been trending with an upside bias as the Canadian Dollar continued to sold back from recent highs.
GBP/CAD surged earlier in the week, and on Tuesday night touched on a high of 1.7584. This was the best level for the pair in a month....
Pound to US Dollar Exchange Rate Advances on Weaker US Dollar but Gains Limited
Published: 15 Apr at 3 PM 2021
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 profit-taking.
After touching near a monthly low at the beginning of this week, GBP/USD has been trending with an upside bias again. The Pound is taking advantage of the US Dollar’s weakness despite...
British Pound to US Dollar Exchange Rate Struggles to Recover after Profit Taking Hit
Published: 8 Apr at 2 PM 2021
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 before ultimately advancing from the level of 1.3790 to 1.3830.
This week’s movement has been even more volatile. GBP/USD touched on a fortnight best of 1.3918 earlier in the week, before tumbling...
Pound to US Dollar Exchange Rate Near Month-And-A-Half Worst as US Growth Report Comes In
Published: 25 Mar at 3 PM 2021
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 bias. GBP/USD touched on a low of 1.3673 this morning, the pair’s worst level since the beginning of February over a month and a half ago.
At the time of writing, Sterling is steadying slightly....
Pound to US Dollar Exchange Rate Gains Limited as Markets Digest BoE and Fed Decisions
Published: 18 Mar at 3 PM 2021
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 movement. GBP/USD neared March lows earlier in the week, before rebounding last night and nearing March highs today.
Before the Bank of England policy decision, GBP/USD touched just below the key level...
Euro to US Dollar Exchange Rate Continues Recovery despite ECB’s Dovishness
Published: 11 Mar at 4 PM 2021
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).
Last week’s surging rebound in demand for the US Dollar pulled EUR/USD down from 1.2072 to 1.1912, a considerable loss of over a cent and a half.
Then, when markets opened on Monday morning EUR/USD...
Euro to US Dollar Exchange Rate Returns to Key 1.22 Levels as Federal Reserve Stays Dovish
Published: 25 Feb at 3 PM 2021
Despite uncertainty over the Eurozone’s coronavirus outlook, the Euro to US Dollar (EUR/USD) exchange rate has been trending higher again this week. Whether or not the pair sustains a strong advance depends on upcoming Eurozone and US data however.
Since markets opened this week, EUR/USD has been trending with an upside bias. EUR/USD opened this week at the level of 1.2117 and has been edging higher and higher each day.
Today, EUR/USD touched on a high of 1.2235. This was the best level for EUR/USD in over a month, since the...
British Pound to US Dollar Exchange Rate Hits New 33 Month Best despite Strong US Data
Published: 19 Feb at 4 PM 2021
The British Pound to US Dollar (GBP/USD) exchange rate continues to go from strength to strength, despite some strong US data today. Optimism around Britain’s potential for recovery from the coronavirus pandemic continues to dominate the pair.
At the beginning of the week, GBP/USD trended in the region of 1.3843 but spent the week trending higher.
A dip to near the week’s opening levels near the end of the week was short lived. Instead, GBP/USD was trending near a 33 month high of 1.4032 before markets closed for the week....
British Pound to US Dollar Exchange Rate Near New 2-Level Best as Sentiment Continues to Improve
Published: 21 Jan at 5 PM 2021
The Pound rally has been gathering steam while risk aversion and US economic concerns weigh on the US Dollar, making it easier for the British Pound to US Dollar (GBP/USD) exchange rate to trend near its best levels in years.
Since opening this week at the level of 1.3585, GBP/USD has been trending higher save for a brief dip near the beginning of the week.
Last night, GBP/USD touched on a high of 1.3742. This was the best level for the pair in over two and a half years, since the first half of 2018.
At the time of writing on...