The sterling vs euro interbank exchange rate has hit 1.17 in the last day, its highest since May 6th, or over six months. In part, this is because the markets are hopeful that there’ll be a stable UK government, after next month’s election.
The pound to Australian dollar interbank exchange rate stands at 1.8898 today, its highest in over three weeks, or since October 21st. In part, this is because Australia’s unemployment rate fell in October, said official statistics yesterday.
The New Zealand dollars to pounds interbank exchange rate has hit 0.4987 today, its strongest in one month, or since October 15th. In part, this is because the Reserve Bank of New Zealand (RBNZ) has unexpectedly held interest rates steady.
The pound to euro interbank exchange rate has hit 1.1675 in the last day, its highest in 28 weeks, or since May 8th. In part, this is because Brexit Party leader Nigel Farage has announced that he won’t contest Tory-held seats, at the UK election.
The sterling vs euro interbank exchange rate stands at 1.1616 today, just 0.28% below its highest in over 26 weeks. This week there's key UK and Eurozone economic data due for release, including UK economic growth for over the Summer.
The US dollar vs pound interbank exchange rate has hit 0.7810 in the last day. This is its highest in over three weeks, or since October 17th. In part, this is because, yesterday, two Bank of England policymakers surprisingly voted to cut UK interest rates.
The Australian dollar to pound interbank exchange rate stands at 0.5364 today, just 0.2% below its recent three-week high. In part, this is because it’s thought that the Bank of England could cut its UK economic growth outlook today.
The sterling vs euro interbank exchange rate has reached 1.1646 in the last day, just 0.02% below its recent 26-week high, its strongest since May 8th, reached last October 21st, at 1.1649. In part, this is because the Eurozone’s economy continues to show signs of weakness.
The US dollar vs pound interbank exchange rate has hit 0.7765 in the past day, its highest in close to one week, or since October 30th. In part, this is because many financial investors think that there’ll be a ‘hung’ Parliament, at the UK’s forthcoming general election.
The euro to the pound interbank exchange rate has hit 0.8657 in the last day, its highest in over one week, or since October 25th. In part, this is because it’s forecast that the UK’s dominant services sector contracted again in October.