Trade Wars Rock Currency Markets
It was another week of volatility for many currencies last week, with the market continuing to be dominated by an escalation in global trade tensions.
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Bank of England’s latest rate decision
It was another week of volatility for currencies last week, with the pound showing some movement in the wake of the rate decision form the Bank of England
Read more about: "Bank of England’s latest rate decision"Pound exchange rate rises
Pound exchange rate rises across the board following hawkish shift in the BoE The pound punched higher during yesterday’s session as investors flocked to the currency in the wake of the Bank of England’s (BoE) latest policy meeting. Sterling appears to be consolidating its gains this morning, with GBP/EUR trading narrowly at €1.1407, GBP/CAD [...] Read more about: "Pound exchange rate rises"
Pound volatile on Brexit uncertainty
Pound volatile on Brexit uncertainty, ECB speculation bolsters euro Trade in the pound was mixed during last week’s session as some upbeat UK economic data was met by growing Brexit uncertainty. Sterling continues to struggle this week as well, with GBP/EUR tumbling to €1.1367 and GBP/USD sliding to US$1.3406. Looking ahead, the Federal Reserve and [...] Read more about: "Pound volatile on Brexit uncertainty"
The Pound Weakens
The pound weakens and was placed on the back foot again yesterday as a disappointing services PMI weighed heavily on Sterling sentiment.
Read more about: "The Pound Weakens"Pound Rocked by Political Uncertainty Following Rudd Resignation
The pound got off to a mixed start this week, with investors initially skittish in reaction to the resignation of the Home Secretary, Amber Rudd.
Read more about: "Pound Rocked by Political Uncertainty Following Rudd Resignation"Pound remains positive against US dollar and euro
Although yesterday’s UK manufacturing PMI fared better than expected, the overall picture for the sector during the first quarter was disappointing. However, global market conditions allowed the pound to eke out gains versus its stable peers. The pound remains on weak form this morning. Gains of 0.9% for the GBP/EUR exchange rate to €1.1469 currently [...] Read more about: "Pound remains positive against US dollar and euro"
Pound bolstered by strong wage growth
The pound struck higher against the majority of its peers as the UK currency found considerable strength from a faster-than-expected uptick in wage growth.
Read more about: "Pound bolstered by strong wage growth"USD / EUR plummets to three-year low
The pound was hit by volatility again last week due to some disappointing economic data and rising speculation of a BoE rate speculation and hike.
Read more about: "USD / EUR plummets to three-year low"UK inflation and retail figures
The pound was hit by volatility again last week as some mixed economic data and Brexit developments weighed on the currency.
Read more about: "UK inflation and retail figures"