PMIs in the EU dropped further, with Services joining Manufacturing in contraction territory. The euro dropped sharply. EURUSD was down –1.35% and tested 1.035. One hope for the euro is that PMIs are ...
The Pound US Dollar exchange rate treaded water on Thursday despite the UK’s latest borrowing figures outpacing estimates. At the time of writing, GBP/USD was trading at approximately $1.2641, ...
The Pound to Dollar (GBP/USD) exchange rate has been unable to make headway and drifted to 1.2625 on Thursday, close to 6-month lows just below 1.2600. Overall risk conditions are less benign amid ...
The stronger than expected UK inflation data strengthened the Pound on Wednesday with the Pound to Euro (GBP/EUR) exchange rate edging back above the 1.2000 level from 1.1980 as markets priced out the ...
The Pound Euro (GBP/EUR) exchange rate wavered sideways on Thursday as rising UK borrowing costs and flaring tensions in the Russia-Ukraine war weighed on both currencies. The Pound (GBP) declined on ...
The Pound Euro (GBP/EUR) exchange rate edged up on Wednesday following the publication of the UK’s latest consumer price index (CPI). At the time of writing, the GBP/EUR was trading at around €1.2007, ...
BoE in Wait and See Mode, GBP/USD Trapped Near 6-Month Lows Ahead of Inflation Data The Pound to Dollar (GBP/USD) exchange rate has managed to hold above 6-month lows just below 1.2600 recorded late ...
The Pound to US Dollar (GBP/USD) exchange rate traded in a tight range on Wednesday as stronger-than-expected UK inflation data balanced out broader market risk aversion. At the time of writing, ...
The Pound Euro (GBP/EUR) exchange rate fell to a 12-day low on Monday morning, before regaining some losses, amid a souring market mood. The Pound (GBP) initially faced challenges on Monday, slipping ...
The Pound to Dollar exchange rate (GBP/USD) treaded water on Monday as both UK and US economic data releases were absent from Monday’s data-calendar. At the time of writing, GBP/USD was trading at ...