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Pound US dollar exchange rate surges as USD sentiment plummets

Pound US dollar exchange rate surges as USD sentiment plummetsThe pound punched higher yesterday, particularly against the US dollar which suffered a dramatic fall from grace amidst easing global trade concerns.
Sterling has begun to walk back some of its gains this morning however, with GBP/EUR sliding to €1.1223, GBP/USD retreating to $1.3228 and GBP/CAD dipping to C$1.7070. Meanwhile GBP/AUD and GBP/NZD are both falling, striking AU$1.8135 and NZ$1.9762 respectively.
Looking ahead to today’s session the Eurozone’s latest PMI figures are likely to be in focus, with the euro potentially slipping if the numbers show growth in the bloc’s private sector continued to slow this month.

Pound exchange rates muted as Carney issues dire warning on a no-deal Brexit

Currencies DirectThe pound ended up trading narrowly on Friday, with a doom-laden Brexit prognostication from Bank of England Governor Mark Carney leaving the currency at a standstill.
Sterling looks set to continue this trend at the start of this week’s session, with GBP/EUR muted at €1.1240, GBP/USD flat at $1.3081 and GBP/CAD stalling at C$1.7051, while GBP/AUD and GBP/NZD are both holding steady at AU$1.8273 and NZ$1.9950 respectively.
Looking ahead, the publication of the Eurozone’s final CPI reading for August looks set to be the only data release of note, with the euro potentially weakening if inflation is confirmed to have slowed last month.

Pound exchange rates jump on Brexit deal optimism

Pound exchange rates jump on Brexit deal optimismThe pound got off to a strong start this week, as the currency was sent higher once again following fresh comments from the EU’s chief negotiator Michel Barnier regarding Brexit.
Sterling appears to be consolidating these gains this morning with GBP/EUR steady at €1.1219, GBP/USD edging up to at $1.3060 and GBP/CAD stable at C$1.7188, while GBP/AUD and GBP/NZD hold at AU$1.8356 and NZ$1.9999 respectively.
Looking ahead, the release of the UK’s latest employment figures could lend further strength to the pound later this morning if domestic wage growth has risen in July in line with market expectations…

Pound exchange rates supported by upbeat Barnier comments

Currencies DirectSigns of progress regarding Brexit saw the pound close last week’s session on a high as markets welcomed comments by the EU’s chief Brexit negotiator Michel Barnier.
For now, Sterling is holding steady at the start of this week’s session with GBP/EUR muted at €1.1185, GBP/USD flat at $1.2917, while GBP/AUD and GBP/NZD are holding steady at AU$1.8179 and NZ$1.9794 respectively. Only GBP/CAD is showing any positive movement so far this week as the pairing ticks up to C$1.7034.
Looking ahead, the UK will publish its latest trade and production figures this morning, with the pound potentially advancing should they print higher than forecast.

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Pound exchange rates firm as Brexit optimism lingers

Pound exchange rates firm as Brexit optimism lingers

The pound firmed during Thursday’s session, with the currency climbing amid a pause in the usual Brexit-related to and fro.
Sterling appears content with consolidating these gains this morning with GBP/EUR muted at €1.1113, GBP/USD steady at $1.2938 and GBP/CAD trading narrowly at C$1.7003, while GBP/AUD and GBP/NZD advance to AU$1.8086 and NZ$1.9673 respectively.
Looking ahead, the main focus for investors today will be the release of the latest US payroll figures, with the US dollar expected to surge if employment numbers rise in line with expectations.

Sterling looks for direction amid mixed data and Brexit confusion

Currencies DirectSterling managed to hold onto most of its recent strength at the end of last week despite some confusion over whether a Brexit deal with the EU was forthcoming, and the release of more soft economic data.
This morning Sterling is showing broad-based weakness, with GBP/EUR down 0.3% at €1.1131, GBP/CAD is also down at C$1.6862 and GBP/USD has fallen 0.4% to $1.2908. GBP/AUD is currently down at AU$1.7960 and GBP/NZD is unmoved at NZ$1.9543.

Brexit confusion causes Sterling gyrations

Currencies DirectSterling was on mixed form yesterday, initially rising higher against the majors on a wave of Brexit optimism, but later slipping back on mixed signals from the EU.
Chief EU negotiator Michel Barnier, had earlier said that the EU was ‘prepared to offer Britain a partnership such as there never has been with any other third country,’ but later qualified his comments saying ‘… but that includes a “no-deal” scenario.’
This morning, GBP/EUR is down 0.25% at €1.1129, GBP/CAD is up at C$1.6930 and GBP/USD is dead flat at $1.3011. GBP/AUD is currently up slightly at AU$1.7941 and GBP/NZD is unmoved at NZ$1.9553.