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Currency news

Weekly Roundup: Unemployment rate increase weighs down ...

Demand for the Australian dollar slumped sharply on the back of a surprise increase in April’s unemployment rate, which rose to 5.2%.

Weekly Roundup: Resilient consumer confidence ...

While US advance retail sales unexpectedly declined in April this weak showing was soon overshadowed by a solid improvement in the University of Michi

Weekly Roundup: Euro struggles to capitalise ...

Positive headline German and Eurozone gross domestic product data was not enough to boost the euro last week, with the underlying details of the repor

Weekly Roundup: Breakdown of Brexit talks ...

Markets reacted with disappointment once news broke that talks between the Labour and Conservative leaderships had broken down, leaving the pound to t

Pound slumps against AUD following Australian ...

The pound was left on the back foot on Friday, closing its worst week of trade so far this year following the collapse of cross-party Brexit talks.

Pound sinks, May to step down by the summer?

The pound fell to new multi-month lows on Thursday as Theresa May agreed to set out a timetable for her departure as PM.

EUR/GBP rises almost 3 pence

May is marching on and the euro has spent the first half of the month strengthening against the pound (with EUR/GBP rising from 0.84 to 0.87) and fluc

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