Currency News:
Latest Posts

New One Week High for GBP/EUR Rate

The new Job Protection Scheme announced by Chancellor Rishi Sunak helped to push Pound exchange rates higher during trading on Thursday. The news was welcomed by investors and caused the GBP/EUR rate to a one week high of 1.0922 and nudged the GBP/USD rate up

Read More....

Brexit Hope Helps To Prop Up The Pound

The Pound retrieved some of its losses against the US Dollar on Wednesday after it became apparent that the Chief Brexit Negotiator announced that he was determined to put a Brexit deal in place. This saw the currency finish the day at 1.2724 against the

Read More....

Pound Struggles Against US Dollar and Euro

As Friday came to a close, the Pound found itself range-bound after news started to emerge that coronavirus cases were reaching a critical point. This meant that the government is considering additional restrictions that could hold the economy back which includes a “circuit breaker” lockdown

Read More....

GBP/USD Exchange Rate Continues to Grow

The Pound exchange rates continued to recover during Tuesday even with the ongoing Brexit concerns still looming over the currency. There was also bad news in the form of the latest job figures although these figures did not affect investors. All of this saw the

Read More....

Small Recovery For The Pound Despite Brexit Concerns

Through trading on Monday the Pound made a slight recovery following growth in support for opposing the internal market bill that Boris Johnson has put forward. However, Brexit is still going to become a sticking point for the currency moving forward. According to the Foreign

Read More....

EU Legal Action Causes GBP/EUR Rate to Plummet

During trading on Thursday, the Pound plummeted reaching a new six-month low against the Euro with the exchange rate dropping to 1.0836 while it also dropped to 1.2817 against the US Dollar. This followed news that the EU planned to take legal action against the

Read More....

New Six-Week Low For Pound To Euro Rate

A new six-week low was hit during trading on Wednesday as the Pound to Euro exchange rate dropped to 1.1016 as indicated by the Foreign Exchange market. This followed the publication of the internal market bill from the UK government which indicates that there will

Read More....

No-Brexit Deal Weighs Heavily On The Pound

The idea of a no-deal Brexit caused the Pound to plummet through trading on Monday. With news that the UK is looking to overlook sections of the EU withdrawal agreement, the currency suffered from significant pressure. This caused the Foreign Exchange rate to drop to

Read More....

Brexit Concerns Cause The Pound To Plummet

At the end of the week, the Pound slumped against the US dollar, finishing at 1.3253 according to the Foreign Exchange Market while it did not fare well against the Euro either, finishing at 1.1191. On Friday, the Bank of England also warned that unemployment

Read More....

US Dollar Continues Its Recovery

It was a defensive day for the Pound on Thursday as the services PMI came in lower than expected, while it also suffered at the hands of the underperforming job market in the UK. The figures for August indicated that there had been growth in

Read More....

BOE and Brexit Concerns Leave Pound Weak

The was a slight dip in the Pound to US Dollar rate on Wednesday, with the rate dropping to 1.3354 according to the Foreign Exchange Market. Concerns were made by the Bank of England which indicated that the coronavirus outbreak has caused significant problems for

Read More....

GBP/EUR Rate Reaches 11 Week High

The pound made some positive moves during trading on Tuesday as it reached an 11-week high against the Euro with a rate of 1.1235 according to the Foreign Exchange Market. Along with this, the currency also took off against the US Dollar reaching 1.3393. This

Read More....

New high For Pound to US Dollar Exchange Rate

Following comments from the Bank of England Governor Andrew Bailey that suggested that monetary tightening is still some way off, trading was somewhat mixed through the final session of the week last week. Despite this, there were some gains in the GBP/ USD rates as

Read More....

Pound Grows Stronger Against the US Dollar And The Euro

The Pound strengthened against both the US Dollar and the Euro on Wednesday as the exchange rates reached 1.1168 and 1.322 respectively according to the Foreign Exchange Market. Any fresh Brexit concerns were alleviated by news that Downing Street had rejected reports that Prime Minister

Read More....

Brexit Deal Unlikely Forces Pound To Nosedive

As the week came to a close, the Pound dipped through trading on Friday as a result of Brexit concerts. It slipped against both the Euro and the US dollar, finishing the day at 1.1097 and 1.309 respectively. This all came as a result of

Read More....

A New GBP/USD Exchange Rate High Could Be Close

Through trading on Thursday, the Pound gathered momentum as the Pound to US Dollar exchange rate managed to gain back some of its losses. A lack of Brexit progress didn’t hold investors back as they were bullish in their actions towards the currency. As a

Read More....

Economic Uncertainties Drive Down GBP/USD Rate

The release of the latest consumer price index caused the Pound to go on the defensive during trading on Wednesday. Inflation moved to the highest figure for four months, reaching 1% although this is likely to be short-lived. This added pressure on the currency with

Read More....

US Dollar Suffers While Euro And Pound Reach New Highs

Through trading on Tuesday, the Pound to US Dollar exchange rate climbed to the highest figure in five months according to the Foreign Exchange market. There was fresh hope around Brexit negotiations and this had a positive impact on the currency. There was an indication

Read More....

Market Optimism Holds Back Us Dollar

Throughout Friday trading, the Pound benefited from hopes that the UK economy was taking another step towards recovery after more areas were opened on Saturday. The Pound / USD exchange rate moved higher although the GBP / Euro rate remained fairly subdued. As a result,

Read More....

Improved Market Sentiment Benefits The Euro

There were some improvements for the Pound during trading on Thursday as the currency took advantage of its weaker peers. The UK economy has been hit with bad news this week and so, moving higher during trading helped to ease the concerns slightly. There are

Read More....

UK Employment Puts Pressure On The Pound

The pound took advantage of its weaker peers during early trading on Monday and this helped to set it off on the right foot for the new week. However, what is causing problems for the currency is the fact that unemployment figures are worryingly high

Read More....

Bank of England News Gives Pound A Boost

There was a lack of direction for the Pound on Wednesday after the currency suffered from Brexit concerns and coronavirus worries. Much of the anticipation however, was around the rate decision that was to be announced by the Bank of England and the release of

Read More....

Pound Slows Down While US Dollar Rebounds

News that London could be placed into lockdown caused the Pound to go on the defensive during trading on Monday. As coronavirus cases grow, placing London into lockdown could have serious implications on the economy and that caused investors to reconsider their options. There was

Read More....

Pound Continues Its Rally While US Dollar Struggles On

Following some cautious mark optimism, the Pound continued to strengthen through trading on Wednesday. The latest housing figures from the Bank of England that indicated there was a sharp rise in mortgage approvals last month also helped to boost the currency.  However, as the week

Read More....

Euro Takes Advantage Of Weak US Dollar

There was nothing notable yesterday to bolster the Pound but it did manage to hold steady, taking advantage of the weak US Dollar. However, the currency is still under mounting pressure from a lack of certainty surrounding Brexit although reports seeped through during Monday afternoon

Read More....

Euro Reaches New 18-Month High

The news that the UK was ready to abandon Brexit trade negotiations left the pound on the defensive during trading on Wednesday. Talks had stalled and this meant that it was looking likely that ministers were planning on basing any decisions on the fact that

Read More....

Four-Month High for Pound US Dollar Exchange Rate

Tuesday saw the pound strengthen when it came to trading risks as the exchange rate for the Pound and US Dollar soared up to $1.2731, while it dropped slightly against the Euro to 1.104 according to the Foreign Exchange Market. The rising tensions between China

Read More....

Impressive Growth In Pound Exchange Rates

The Pound started Monday off well, increasing against many of its peers even after the Bank Of England announced again that the UK is experiencing a V-shaped recovery. There are still concerns about the relationship with China after the extradition treaty with Hong Kong was

Read More....

A Stable Day Of Trading For The EU

The UK is facing a significant employment crisis and there are concerns that the jobless figures are not a true reflection of the problem the UK is facing. Therefore, the pound struggled during trading on Thursday as the Foreign Exchange rates saw the currency finish

Read More....

Rise In Inflation Gets Pound Moving Again

The pound bounced back during trading on Wednesday finishing the day off at 1.1032 against the Euro and 1.259 against the US Dollar according to the Foreign Exchange market. The currency reacted to news that the consumer price index was better than expected. For the

Read More....

New Two Week Low for GBP/Euro Rate

The latest GDP figures disappointed investors and that saw the Pound drop sharply during trading on Tuesday. The expected growth in the UK economy was expected to reach 5.5% during May but the figures painted a bleak picture, coming in at 1.8%. Therefore, the currency

Read More....
NewbridgeFX