The Pound advanced back above the 1.21 level against the Euro on Friday as the single currency remained under pressure from yesterdays dovish comments made by the European Central Bank and as a report showed that new car sales in the UK hit a ...
The Pound Sterling to Euro exchange rate has continued to rally today; the Euro is suffering as disinflationary pressures weigh in leading some to speculate the European Central Bank might continue to ease monetary policy.
The South African Rand climbed to a 12-week high against the Pound earlier on Tuesday after the UK currency suffered a knock from weaker than expected manufacturing PMI data, against the US Dollar the currency was hovering close to a three month high.
Although any reading above 0 is a sign of improving conditions, this figure is a drop from last quarter, when the business confidence reading was 8. In a swing of fortune it is now the British pound that is on the front-foot owing to improved UK ...
The Pound Dollar exchange rate (GBP/USD) moved higher during the day's early trading session. Sterling benefited from a very strong February retail sales report which saw gains almost across the board.
The Pounds rise against the US Dollar and Euro slowed on Friday after data showed that the UK's current account deficit was far bigger than economists had been expecting in the fourth quarter of last year.
The Pound slumped to its lowest -level in two months against the Turkish Lira on Monday after the Lira made the biggest gain amongst emerging market currencies following local election victory for Prime Minister Recep Tayyip Erdogan's party.