Spain

Pound fluctuates on mixed data and bets for a BoE rate hike

Pound fluctuates on mixed data and bets for a BoE rate hike   GBP exchange rates fluctuated through the second half of October amid mixed economic data, Brexit tensions, and expectations of an imminent Bank of England (BoE) rate hike. GBP/EUR wavered between €1.19 and €1.18, trending sideways overall, while EUR/GBP traded between £0.84 and …

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currencies direct

Pound fluctuates as UK economic recovery slows

  Latest currency news  GBP exchange rates struggled over the last fortnight as the UK supply chain and energy crises caused significant disruption. GBP/EUR fluctuated between €1.17 and €1.16, bouncing off a two-month low, while EUR/GBP wavered between £0.85 and £0.86. GBP/USD fell from $1.37 to $1.34, before regaining the $1.35 mark, while EUR/USD dropped …

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Cautious trade infuses volatility into the currency market

We have seen investors favour the US dollar at the expense of the pound and euro over the past couple of weeks, amidst souring market sentiment and the growing divergence in central bank policy. This has seen GBP/EUR climb from 1.16 to 1.17, whilst pushing EUR/GBP lower to 0.85. Meanwhile, GBP/USD has retreated from 1.38 …

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