Pound slides amid gloomy UK outlook
The past couple of weeks have been characterised by a downbeat market mood, which has been particularly painful for the pound.
Currency News
Fluctuating central bank expectations stoke currency volatility
We witnessed some notable swings in the currency market over the past couple of weeks, as investors revised interest rate expectations for the Bank of England (BoE), European Central Bank (ECB) and Federal Reserve.
Pound supported by robust data
The pound trended broadly higher over the past couple of weeks as some stronger-than-expected UK data releases bolstered Bank of England (BoE) interest rate expectations.
Euro strikes parity with the US dollar
The past couple of weeks have seen the euro face significant pressure amid fears of an impending Eurozone recession.
Slowing inflation triggers dramatic currency movement
We witnessed some dramatic swings in the currency market over the past couple of weeks, amid signs inflationary pressures are easing across the globe.
BoE rate hike speculation rocks the pound
Trade in the pound has been highly changeable over the past couple of weeks as Bank of England (BoE) interest rate speculation has proven to be a double-edged sword for the currency.
USD exchange rates surge amid US debt ceiling jitters
The US dollar enjoyed strong support through the second half of May, with the safe-haven currency being propelled to multi-month highs amid a prevailing risk-off mood.
EUR/USD strikes one-year high
EUR/USD strikes one-year high amid persistent US dollar selling pressure. Movement in the currency market was characterised by notable US dollar weakness in the first half of April
Easing banking sector woes returns stability to the currency market
After a chaotic start to the month amid a crisis in the banking sector, the currency market stabilised in the second half of March as contagion fears eased.
Currency markets rocked by banking sector crisis
A crisis in the banking sector infused considerable volatility into the currency market over the past couple of weeks.