The Pound is being hampered by Brexit and slightly mixed economic data, the US Dollar has dropped off, and the Euro has strengthened. What’s next for GBP exchange rates?
Politics remains the driver for the US Dollar
It’s been an eventful week for the US Dollar with comments from Donald Trump regarding the violence in Charlottesville having replaced issues with North Korea in the headlines. Next week we could see some volatility around the Jackson Hole Symposium.
How will Canadian inflation data affect GBP/CAD?
The latest Canadian inflation figures for July are due to be released today and the expectation is for a slight improvement on last year. How could this affect the GBP/CAD exchange rate?
Eurozone Inflation Remains Static
The latest Eurozone inflation data was released this morning and showed the expected 1.3%. With inflation at the same rate as the previous year, does this reduce the likelihood of the ECB tapering stimulus measures?
The Dollar is firmly in focus
Donald Trump continues to put pressure on the USD with his controversial statements directed at North Korea. The release of US housing market data has not offered much in the way of support as reports shows an unexpected drop for July.
Large swings on Cable exchange rates
Following the release of this month’s retail sale figures coming out as 0.6% better than last month, those with US Dollars to sell have had some good opportunities today.
GBP/EUR exchange rate at 8 year low
With UK inflation data coming in at the same rate as July and below the expected 2.7% the Pound has slumped at an 8 year low against the Euro. This comes in the wake of Morgan Stanley predicting that the GBP/EUR rate could hit parity in 2018.
UK Inflation data to rock markets tomorrow
With a rise in the inflation rate driving the potential of an interest rate hike tomorrow’s CPI data will be eagerly watched, and could impact Sterling value.
Where next for GBP/AUD exchange rates?
With the RBA dovish on an imminent interest rate hike and sentiment towards the Australian Dollar turning slightly negative, what does the next week have in store for the GBP/AUD exchange rate?
GBP outlook: what could impact Sterling exchange rates next week?
Following a mixed week for the Pound, it remains very much under pressure against the major currencies. What does next week have up it’s sleeve for GBP exchange rates?
Important US inflation data expected today
US inflation data expected today could give some indication of the likelihood of an interest rate hike in the near future. With potential conflict with North Korea in the headlines there appears to be some caution around the US Dollar.
GBP/EUR sits above 1.10 as UK awaits inflation data
This morning’s Manufacturing and Production data was the last of the key data releases for the UK this week. However, next week’s CPI data could result in major volatility for Pound Sterling rates.
GBP/AUD range bound before inflation data
With all the hype around the Australian Dollar following the Reserve Bank of Australia’s suggestion that they could raise interest rates by 2% over the next few years, any rise in inflation could start the ball rolling.
Canadian Dollar shows frailties
This week has not started well for the Canadian Dollar, with oil prices trending downwards, weaker trade figures from China and Germany and the possibility of conflict among many of the factors currently affecting the currency.
Could UK inflation data halt Sterling’s decline?
The Pound has continued it’s rough ride into the summer, with the GBP/EUR exchange rate currently sitting around the 1.10 mark. Could UK inflation data boost the Pound?
US economy shows resilience but what about the politics?
The US Dollar has continued its strong run against the Pound following the release of Friday’s Non-Farm Payroll data. However, is there US Dollar weakness on the horizon?
Data releases that could impact Euro exchange rates this week
Joseph Wright takes a look at the data releases that could impact Euro exchange rates during the week ahead.
America’s economy helps to rescue the dollar
We have seen much volatility today with for USD exchange rate, with new revelations surrounding the Trump investigation, and positive economic data releases from the US on the other hand. We have considered the short and long term repercussions for the US Dollar.
US Dollar remains under pressure
We are seeing some of the best times to buy USD with GBP so far this year, what is causing this and will it continue?
Euro’s economy continues to show positive signs
With ‘Super Thursday’ approaching, we look into how recent data releases this week have affected the Euro so far.
Will ‘Super Thursday’ cause Sterling exchange rates to swing later this week?
A busy week lays ahead for UK economy data releases, see how these could affect GBP exchange rates in the coming weeks.