Can The Pound Recover From A Dreadful Few Weeks?
Currency Exchange Rates Update The Pound has had a dreadful couple of weeks, losing ground against all of its major currency peers and touching an 18-week low against the Euro and a 26-week low against the US Dollar last week. What’s In The News? In The UK… Good news Good news for mortgage payers and […]
Are Interest Rates ‘Near The Top Of The Cycle’?
Currency Exchange Rates Update The first half of September has seen the Pound come off its summer highs against its main rivals. Losing 1.4% against the Euro; 2.8% against the US Dollar; 2.5% against the Australian Dollar and 1.9% against the Canadian Dollar. What’s In The News? In The UK… The current base rate set […]
Is A Recession Coming?
Currency Exchange Rates Update As we start the last week of the month, shortened by the UK Summer Bank Holiday. August has been far from quiet in the currency markets. Against the Euro, the Pound sank on the 11th of August to trade at its lowest level since May. It then gained nearly 2% in […]
No Sign Of A Let-up In Activity In The Global Currency Markets
Currency Exchange Rates Update Halfway through the month and still no sign of a let-up in activity in the global currency markets. Against the Euro, the Pound fell steadily in the first half of the month. Dropping over 1.2% from the July highs. But it is now showing signs of stabilising and is still trading […]
Will Volatility In The Markets Take A Holiday This Year?
Currency Exchange Rates Update… Today marks the end of yet another volatile month in the foreign exchange or currency markets. The Pound hit its highest level against the Euro since August 2022 on 11 July. By 20 July, it had fallen to its lowest level against the Euro since May. Its since reversed again and […]
The Pound Is Top Of The Class
Currency Exchange Rate Update… The Pound continues to outperform its major peers. It remains at the very top end of the trading range of the last 11-months against the Euro. It is trading at a 15 month high against the US Dollar; a 17 month high against the Canadian Dollar and recently touched its highest […]
The Best Pound For The Last 6 Years
Currency Exchange Rate Update… The Pound has enjoyed its best start to a year since 2017. It’s also up over 3.3% since the start of the year against the Euro. On 19 June it hit its highest level against the single currency since August 2022. It’s up over 4.5% since the start of the year […]
Interesting Times For The Pound…
Currency Exchange Rates Update… June has been an excellent month for the Pound Sterling so far. The Pound has risen to hit its highest level against the Euro since August 2022. That’s its highest level against the US Dollar since April 2022. What’s In The News? Interest rate differentials are currently dominating the currency exchange […]
Pound On A High
The Pound has started the new month of June very nicely, at a 2023 high against the Euro. It’s up over 3.5% on the year to date against the single currency. Against the US Dollar, the Pound hit a 2-week high last week and is up 4.9% so far this year. It’s even better against […]
The US Dollar Fights Back!
Currency Exchange Rates Update Two weeks ago, the pound was trading at its highest level against the US Dollar since April 2022. What a difference a fortnight makes! Last week it hit a 7-week low. It’s not alone. As recently as 7 May, the Euro was trading at its highest level against the US Dollar […]