Brexit-worn currency_ british pound slides lower against the euro, us and new zealand dollar usd inr today


The British Pound slipped against the Euro, US Dollar and New Zealand Dollar on Thursday afternoon as it was sold against most currencies amid a new lack of interest in the Brexit-worn currency.

While demand for the Euro was mixed in reaction to the European Central Bank’s (ECB) October policy meeting, demand for the US Dollar and New Zealand Dollar were solid thanks to bets that democrat nominee Clinton would win the Presidency

Fresh pressure for Sterling came from September’s UK retail sales figures, which fell short of forecast and seemed to bode ill for when inflation begins to filter through into the wider economy.

With further Brexit-based anxiety likely to stem from Prime Minister May’s first EU summit ahead of the weekend the GBP exchange rate complex remains biased to the downside.

The Pound wound up trending relatively

flatly against the Euro, US Dollar and New Zealand Dollar on Wednesday afternoon, as the day’s employment data was impressive enough to help Sterling hold its ground but nothing more than that.

As a result, the Pound was unable to advance against the New Zealand Dollar despite having sunk lower into GBP/NZD’s record low this week. Investing usd try GBP/EUR was able to trend quite sturdily near weekly highs in comparison.

Although the GBP exchange rate complex was somewhat boosted by the latest raft of UK employment data the Pound continued to lack strong momentum on Wednesday.

While the labour market continued to shrug off any particular impact from the Brexit vote the weakness of wage growth remains a concern to investors, especially following Tuesday’s rising inflation.

POUND STERLING (currency : GBP) exchange rates enjoyed their best session for weeks yesterday in the global currency markets, with GBP recording gains against the Euro (EUR), US Dollar (USD) and New Zealand Dollar (NZD).

GBP EUR, GBP USD and GBP NZD exchange rates were helped by a stronger than anticipated set of UK Consumer Price Index data which showed that British prices are rising at an annualised 1.0%.

The upshot of this result saw investors scale back their expectations regarding a potential Bank of England interest rate cut before the end of the year.

However, the inflation result does not change the fact that the Pound faces huge near-term problems, with Britain’s European trading partners openly threatening to play hardball in the upcoming Brexit negotiations. Gold price forecast 2020 The outlook for Pound Sterling (GBP) exchange rates is NEGATIVE. Euro football scores Latest Pound / NZ Dollar / Euro / American Dollar Exchange Rates

NB: the forex rates mentioned above, revised as of 27th Oct 2016, are inter-bank prices that will require a margin from your bank. Exchange rate euro to dollar today Foreign exchange brokers can save up to 5% on international payments in comparison to the banks. Usps shipping supplies Pound to Euro Exchange Rate Approaches 1.12 with EUR Sluggish

Holders of the Euro will be looking for signs that the region’s building sector is springing back to life, but such a result is far from guaranteed.

Support for the single currency could be further bolstered by any comments from European Central Bank (ECB) policy makers that the Bank’s controversial Quantitative Easing programme will be ending soon.

The Euro is expected to trade on a NEUTRAL TO NEGATIVE footing in the near-term and the Pound Euro (GBP EUR) exchange rate stands at 1.1197. Currency converter us to aud Pound to US Dollar Exchange Rate Could Gain if the Federal Reserve Holds Rates

US DOLLAR (currency : USD) exchange rates were hampered by yesterday’s domestic inflation numbers; an unexpected drop-off in the core pace of price rises Stateside makes for a lower percentage chance that the US Federal Reserve will hike interest rates again in the near-term.

Futures markets now price-in a less than 70% chance that an increase in interest rates will be forthcoming before Christmas. World stock market futures The Buck is expected to perform on a NEUTRAL TO POSITIVE footing in the meantime and the Pound Dollar exchange rate stands at 1.2296 GBP USD.

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