Australian Dollar Weakens On Indications of Softening of the Economy
During the last session of the week, the exchange rate between the Pound and the Australian Dollar remained strong, close to its recent highs. This was due to positive economic developments between the two countries, which helped to maintain a
Read MoreUS Dollar Shines on Signs of Resilient Economy and Debt Ceiling Resolution
Amid a global improvement in investor sentiment, the British Pound remained above 1.15 against the Euro and recovered from previous losses against the US Dollar, as investors rebalanced their portfolios in anticipation of the weekend. It is anticipated that the
Read MoreTrend of Canadian Dollar to be Determined by Inflation Figures
Last week’s final session saw the Pound to Canadian Dollar exchange rate staying close to the middle of a potential short-term range. The Canadian inflation data scheduled for next Wednesday may cause a shift toward either 1.67 or 1.72. During
Read MorePound Remains Bullish on Re-Emergence of US Banking Concerns
The demand for Pound Sterling is rising as a result of rising worries about the stability of U.S. financial systems and speculation that the European Central Bank may have reached the apex of its interest rate hiking cycle. The repeated
Read MoreYen Remains Weak as BoJ Shows No Signs of Ending Stimulus Program
During the last session of the week, the Pound to Japanese Yen exchange rate achieved its highest point of the year, nearing the 2022 highs. This was due to the Bank of Japan (BoJ) stating that it may take a
Read MorePound Sterling Gains Ground Against Euro & Dollar as Inflation Data Suggests Another Rate Hike by BoE
The British Pound went up against the Euro, the U.S. Dollar, and most of its other peers after a string of strong inflation numbers in the UK. These numbers mean that the Bank of England will raise interest rates again
Read MoreSafe Haven Buying Propels Greenback Against the Euro Despite Weak US Retail Sales
When U.S. retail sales numbers came out and they were much lower than expected, the Dollar got stronger and stocks went down. Retail sales in the US fell 1.0% from February to March, which was worse than the expected 0.4%
Read MoreRobust US Payroll Report Strengthens Greenback Against Pound
During the Good Friday trading session, the Pound to Dollar exchange rate experienced a reversal of some of the gains made earlier in the week. This was due to the release of non-farm payrolls data, which portrayed a robust outlook
Read MoreEuro Remains Strong on Anticipations of Further Rate Hikes
Euro exchange rates may depend on additional interest rate increases by the European Central Bank (ECB) in response to news that the largest economy in the Eurozone continues to experience widespread inflationary pressures. The Euro was the best-performing major currency
Read MorePound Remains Strong Against the Euro as BoE Signals Likelihood of Additional Hikes
Some analysts anticipate future gains for the British pound in the aftermath of the Bank of England’s most recent interest rate increase. As anticipated, the Bank raised interest rates by 25 basis points and stated that future rate increases would
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