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Currency news

Pound tumbles as UK lockdown plan fails to inspire ...

The pound was on the defensive at the start of this week’s session as confusion over Boris Johnson’s lockdown exit plan weighed on GBP sentiment.

Weekly Roundup: Improved market sentiment ...

The Australian and New Zealand dollar made gains on the back of a more positive market mood and unexpected surges in trade figures.

Weekly Roundup: US dollar struggles as risk ...

Although the US unemployment rate bettered forecasts in April the US dollar failed to capitalise on this in the face of bullish market sentiment.

Weekly Roundup: Euro trends lower as worries ...

Slight upward revisions to the Eurozone’s April services PMI were not enough to offer the euro any real measure of support last week.

Weekly Roundup: BoE forecasts cast shadow ...

GBP exchange rates came under pressure towards the end of the week in response to the BoE’s latest policy meeting.

BoE’s grim forecasts dampen Sterling sentiment

The pound struggled to find momentum in the second half of last week as investors reacted to the Bank of England’s (BoE) latest policy meeting.

Pound tumbles following record plunge in UK ...

The pound was on the back foot through yesterday’s session as markets responded to an abysmal construction PMI from the UK.

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