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Market analysts have suggested there is unlikely to be a substantial break higher in the British Pound unless the market becomes convinced the medium-term outlook for the UK economy improves dramatically. There is also an expectation that the 2022 interest rate rise at the Bank of England has more or…
The Pound had a strong start to the week against the Euro and Dollar as market mood improved throughout Monday. On the Dollar side, the US currency drifted lower yesterday as demand for the safe-haven currency was lessened by an improving market mood. The Euro also weakened yesterday following a…
The Dollar’s value against both the Pound and Euro has trended upwards in recent months, with exchange rates moving broadly in the Dollars favour despite some jitters in early June. The Biden presidency has provided some stability as the economy begins to recover from the pandemic, but there are still…
The Pound dipped following the weaker than expected retail sales and the feeling that economic recovery could slow. Government borrowing figures had little impact, although there was some relief that borrowing had shrunk. Sterling dipped close to 1.3600 against the Dollar and the Euro weakened from highs below 1.1655. UK…
Find out how the major currencies have been performing and what movement we could see in the days ahead with our weekly exchange rate update. Please note, all exchange rates quoted are interbank. Please log in to your account or contact our team for a live dealing rate. EUR…
The British Pound will remain under pressure against the euro and dollar but advance against the Australian and New Zealand Dollars should this week’s selloff on global equity markets extend into the final weeks of August. The pound was this week sold against the euro, dollar, franc and yen amidst…
Sterling drifted lower after weaker than expected inflation data which reduced expectations that the Bank of England would either hike interest rates or slow down asset purchasing (the money printer). GBP retreated to 3-week lows around 1.3730 against the dollar while the Euro edged higher to 0.8530. Reservations over global…
Yesterday’s data releases were mostly dominated by the US. On the currency front, despite the disappointing data the dollar managed to hold a firmer tone with the currency making modest gains against the euro and sterling. EUR/USD opens this morning back down near the $1.17 mark and GBP/USD is once…
It was a muted start to the week yesterday with the main FX pairs confined to narrow ranges. Meanwhile, a good deal of data has already been released this morning, mainly comprising UK labour market data. The key facts from this release include the unemployment rate, which edged lower to…
Last week, the main pairs continued to trade within the fairly narrow ranges we have seen over the summer. The euro started the week on the backfoot against both the dollar and sterling. The prospect of rate hikes occurring in the US and UK well ahead of the Eurozone was…