Daily FX Commentary

21 August 2014 - Volatility at last as MPC and Fed minutes play their part

By Alex Edwards
United States Dollar: The pound recovered on Wednesday morning after MPC minutes showed that 2 members voted for a rise in UK interest rates at the last monetary policy meeting. ... read more

20 August 2014 - EUR/USD close to one year lows as dollar bids prevail ahead of FOMC minutes

By Alex Edwards
United States Dollar: GBP/USD slumped to 1.6602 overnight, this following the release of weaker than expected UK CPI inflation data yesterday morning. The index dropped from 1.9... read more

19 August 2014 - Weak UK inflation data sees pound gap lower

By Alex Edwards
United States Dollar: Ongoing geopolitical tensions in the Middle East and Ukraine continue to dominate the headlines and the uncertainty is hurting risk sentiment. The dollar h... read more

18 August 2014 - Pound strengthens after Carney comments

By Jake Trask
United States Dollar: Friday saw the release of the second estimate of UK Q2 GDP with the quarterly reading unchanged from the preliminary reading of 0.8%. The annual reading was... read more

15 August 2014 - Eurozone worries grow as GDP stalls

By Jake Trask
United States Dollar: Sterling has remained under pressure since Wednesdays disappointing BoE Inflation Report saw it drop across the board. Cable traded under 1.67 throughout th... read more

14 August 2014 - Sterling slumps after dovish BoE Inflation Report

By Jake Trask
United States Dollar: Sterling fell across the board yesterday with the release of the Bank of England’s quarterly Inflation Report. The report upgraded the forecast for 20... read more

13 August 2014 - BoE Inflation Report due at 10:30am

By Jake Trask
United States Dollar: It was a relatively quiet day in the FX markets yesterday with cable trading between 1.6760 and 1.6805 throughout the London session. It appears to be the c... read more

12 August 2014 - Markets calm before tomorrows BoE Inflation Report

By Jake Trask
United States Dollar: In the absence of any top tier data yesterday cable traded between 1.6775 and 1.6795 throughout the London session. It appears the FX markets will be relati... read more

11 August 2014 - Quiet start to week as markets look to Wednedays BoE Inflation Report

By Jake Trask
United States Dollar: It was a relatively quiet end to last week on the FX markets with little top tier data to move the markets. The one release of note from the UK was a worse ... read more

08 August 2014 - Mario Draghi warns of geopolitical risks to the Eurozone

By Jake Trask
United States Dollar: The Bank of England held rates as expected at 0.5% yesterday. The minutes of the meeting are being released on 20th August and there is growing speculation ... read more

07 August 2014 - AUD falls following jump in Australian unemployment

By Jake Trask
United States Dollar: Sterling fell yesterday as the latest UK Manufacturing Production reading printed worse than forecast. The release showed a sluggish 0.3% increase for June,... read more

06 August 2014 - Pound Strengthens after strongest Services PMI since December

By Jake Trask
United States Dollar: Sterling got a boost yesterday after the monthly UK Services PMI beat expectations with a reading for July of 59.1 its highest reading of the year so far. W... read more

05 August 2014 - Pound pops higher on solid construction data

By Alex Edwards
United States Dollar: UK Construction PMI, released yesterday, printed pretty much in line with market expectations at 62.4. Nonetheless it showed that house building in July ac... read more

04 August 2014 - GBP/USD on the back foot despite weak US jobs numbers

By Alex Edwards
United States Dollar: The pound dropped on Friday after UK Manufacturing PMI printed weaker than expected. The index fell to 55.4 in July from 57.2 in June and vs. forecasts for... read more

01 August 2014 - Dollar stronger ahead of Non-Farm Payrolls

By Alex Edwards
United States Dollar: After a bit of a blip post FOMC statement the USD has strengthened again. There wasn’t much by way of any supporting U.S. economic data yesterday. I... read more

31 July 2014 - FOMC statement disappoints but US GDP doesn''t

By Alex Edwards
United States Dollar: It was a risk off morning yesterday. The dollar strengthened and GBP/USD meandered lower as investors keenly awaited a plethora of data and market moving e... read more

30 July 2014 - GBP/USD under pressure ahead of a busy day for US news and data

By Alex Edwards
United States Dollar: The pound fell on Tuesday after UK consumer credit data printed weaker than expected. Mortgage approvals, released at the same time, were a little better t... read more

29 July 2014 - FX markets steady ahead of US FOMC statement

By Alex Edwards
United States Dollar: It was another slow start to the week this week. GBP/USD started the day at 1.6980 and popped to a high of 1.6999 as the dollar softened throughout the day... read more

28 July 2014 - USD strengthens as risk aversion spreads through markets

By Alex Edwards
United States Dollar: GBP/USD has consolidated under the 1.70 level since Friday. The pound got a slight boost on the day after UK GDP data printed in line with market expectati... read more

25 July 2014 - GBP/USD struggles under 1.70 ahead of GDP data

By Alex Edwards
United States Dollar: The pound fell again on Thursday after UK retail sales printed weaker than expectations, rising by only 0.1% in June from May vs. 0.2% exp. With the less t... read more

Currency Converter


Market Rate For information purposes only. Terms of Use
For details, see My FX Dashboard

For UKForex’s customer rate
Log In or Register Now
Rate: 1.6587
=
Rate: 0.6029
=

Register Free

Send money overseas at better rates than the banks.


Get our free commentary



RSS Follow Google Plus Follow on LinkedIn

Get free rate alerts

/
 
Choose currency pair and enter the exchange rate. An alert will be triggered when the exchange rate is reached and an email will be sent to you. You can unsubscribe any time and your email address is safe – see our Privacy Policy.

NOTE: These rates are for informational purposes only

IMPORTANT: Use of this website is subject to the Website Terms. Use of the Services of the UKForex Limited is subject to the Client Agreement. Nothing on this website constitutes or should be construed as financial advice. This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. UKForex Limited makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites.

DISCLAIMER: UKForex makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this web site. Read full disclaimer.

UKForex provides foreign currency transfer services to private clients and business customers. Use our free currency converter, exchange rate charts, economic calendar, in-depth currency news and updates and benefit from competitive exchange rates and outstanding customer service.

UKForex is regulated by the Financial Conduct Authority (FRN: 521566) for the provision of payment services.

Money Laundering Regulation Number (MSB): 12219180. Issued by HM Revenue & Customs (HMRC)
Read our Money Laundering Statement