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Currency news

US dollar tumbles on Fed rate cut speculation

The pound showed some resilience on Tuesday, particularly against the US dollar which sank amidst rising speculation the bank will cut rates this year

Pound weakens as UK manufacturing slumps

The pound was left on the defensive again at the start of this week’s session as markets were disappointed by the UK’s latest manufacturing PMI.

Weekly Roundup: Sharp downturn in UK ...

As the UK manufacturing PMI saw a surprise fall into contraction the mood towards the pound continued to sour as Brexit-based uncertainty continues to

Pound retreats as political jitters mount

The pound’s sell-off accelerated on Friday, with the rising political uncertainty in the UK weighing heavily on GBP exchange rates.

Pound nears 2019 low as political jitters ...

The pound came dangerously close to a new 2019 low against the US dollar yesterday as Sterling continue to be mired in political uncertainty.

Pound stalls as Brexit risks rise

The pound remained rangebound yesterday, with the UK currency struggling to find momentum as it was undermined by concerns over who will replace There

Pound paralysed by political angst as no-deal ...

Yesterday’s better-than-expected UK mortgage data did little to dispel the cloud of pessimism that is hanging over Sterling, with markets reacting wea

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