Foreign Currency Exchange Insight
Pound Flies High Versus Euro, as UK Retail Sales Beat Forecasts
Sterling hops, skips and jumps higher versus the common currency! The pound to euro interbank exchange rate rose +0.75 cents last week, up to 1.1450.
Read MorePound Slides Versus Euro and US Dollar, as UK Economy Slows in April
The pound tripped over last week, because UK economic data disappointed in April.
Read MorePound Slips Versus Euro and US Dollar, as UK GDP Slows in Q1 2018
The pound played dead lions last week, chiefly because UK GDP rose by just +0.1% in Q1 2018, well below forecasts for +0.3%, and the lowest since Q4 2012.
Read MorePound Hits 11-Month High Versus Euro, as BoE’s McCafferty Signals Hike
The pound put its skates on last week, because UK retail sales climbed by +1.4% in March year-on-year, said the British Retail Consortium.
Read MorePound Gains Against Euro, as Markets Confident of Brexit Trade Deal
The pound climbed last week, chiefly because financial markets are confident that the UK and EU will agree a favourable Brexit trade pact.
Read MorePound Jumps Against Euro and US Dollar, as BoE on Course to Hike Rates
The pound gained last week, because 2 members of the Bank of England's interest rate-setting committee unexpectedly voted to lift UK interest rates.
Read MorePound Gains Versus Euro and US Dollar, as Chancellor Hammond Upbeat
The pound came out swinging last week, first because UK Chancellor of The Exchequer Philip Hammond was upbeat about the UK economy, at his Spring Statement.
Read MorePound Rises Versus Euro, as UK Economy Beats Forecasts in Feb 2018
The pound shot up last week, chiefly because the UK economy beat expectations. To start with, the UK's gigantic services sector hit 54.5 in February, according to IHS Markit.
Read MoreGBP Slips Versus EUR and USD, as EU Publishes Brexit Transition Draft
The pound fell last week, chiefly because the EU released its draft Brexit transition deal, in which the EU ignored several UK demands.
Read MorePound Rises Versus Euro, as BoE May Hike UK Interest Rates Sooner
The pound has strengthened, chiefly because the Bank of England hinted that UK interest rates may soon faster and further than financial markets currently expect.
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