The Pound Euro (GBP/EUR) exchange rate dropped on Thursday as markets reacted to the European Central Bank’s (ECB) June interest rate decision.
The Pound US Dollar (GBP/USD) exchange rate weakened on Thursday, despite a larger-than-expected increase in US initial jobless claims.
The ECB cut rates by 25bps in Thursday’s meeting. The move has been a near-certainty for several months now and was fully priced in. The euro held steady after the decision and even rallied slightly ...
The Pound to Canadian Dollar (GBP/CAD) exchange rate remained well supported on Thursday, trading just below the highs struck on Wednesday in the wake of the Bank of Canada’s (BoC) latest interest ...
With an absence of shocks, currency markets were held in tight ranges ahead of Friday’s jobs report. The Pound to Euro ...
The Pound Australian Dollar (GBP/AUD) exchange rate traded in a narrow range on Thursday, following news of robust Australian ...
The BoC is the first G7 Central Bank to cut rates. The Bank signalled more cuts are likely, although markets are undecided on whether the next move will be as soon as July. The Canadian Dollar is ...
The Pound to Dollar exchange rate (GBP/USD) has hit an 11-week high just above 1.28, but CIBC expects that the dollar will ...
The Pound Euro (GBP/EUR) exchange rate traded in a muted capacity on Wednesday, due to a lack of impactful data.
The Pound trended incrementally higher against the Canadian Dollar midweek, as a lack of significant UK data capped GBP movement.
The Pound to Euro (GBP/EUR) exchange rate tested key resistance at 1.1765 in late May before settling around 1.1740.
The Pound US Dollar (GBP/USD) exchange rate edged lower on Wednesday as the latest US services PMI exceeded market forecasts.