Market News

Track currency trends and access our expert daily and and weekly market analyses

Currency Chart

Get access to our expert market analyses and discover how your currency has been tracking with our exchange rate charts.
{{tab.base}} / {{tab.term}} ...
Add pair

compass pointing north

Poor performing Pound continues

Friday 26th May
US Dollar

Sterling loses further ground against the US dollar. This follows Thursdays GDP latest from the UK as the second estimate failed to meet forecast. GDP growth quarter 1 2017 was revised 0.1 percentage point lower than the 0.3 percent expected as rising inflation hit consumer-faced industries such as retail and accommodation.

Read more


 

 

Today's expected ranges

GBP / USD
1.2280 – 1.2950
GBP / EUR
1.1410 – 1.1540
GBP / AUD
1.7230 – 1.7420
GBP / NZD
1.8190– 1.8380

Want a particular rate? We'll let you know when your target rate is reached.

Thank you, we'll send you an email when your target rate is triggered.

Oops, something went wrong. Please enter a valid e-mail address.

  • Required
  • Not valid

Currency pair

/

  • Currencies cannot be the same
  • Required
  • Not valid
man pointing at a map

Last Week Market Recap

Monday 22nd May 2017

Reversed direction, gaining ground last week as commodity and oil prices rallied while the RBA Monetary Policy Meeting Minutes reiterated the importance of the property and labour markets in Australia. The week began with the rate rallying after making its weekly low of 0.7383 on Monday after a lower than expected U.S. manufacturing number. The pair extended its gains on Tuesday after the RBA’s Monetary Policy Meeting Minutes for its May 2nd meeting noted that, “The Board continued to judge that developments in the labour and housing markets warranted careful monitoring. Taking into account all the available information and the updated forecasts, the Board's assessment was that maintaining the current accommodative stance of monetary policy would be consistent with achieving sustainable growth and the inflation target over time.” The rate gained another fraction on Wednesday after the Australian Wage Price Index increased by +0.5% q/q as was widely anticipated. The pair then lost a fraction on Thursday despite Australian Employment Change, which showed the addition of +37.4K jobs in April compared to an expectation of +4.5K, while the Unemployment Rate dropped to 5.7% from 5.9%. Friday saw the rate make its weekly high of 0.7468 in the absence of any significant data out of either country. AUD/USD closed at 0.7454, with an overall weekly gain of +1.0%.   

Read more

Global offices

1st Floor
85 Gracechurch St
London
United Kingdom
EC3V 0AA

London

Level 19
60 Margaret St
Sydney
NSW 2000
Australia

Sydney

49 Stevenson St
13th Floor
San Francisco
CA, 94105
USA

San Francisco

21/F
The Center
99 Queen's Rd Central
Hong Kong

Hong Kong

Suite 1002
145 King St West
Toronto, ON
M5H 1J8
Canada

Toronto

Level 27, PWC Tower
188 Quay St
Auckland
New Zealand

Auckland