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Weekly Market Analysis December 4th 2017  |
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Brexit Optimism Sends GBP Higher Last week delivered some much needed gains for the pound as the UK currency was lifted by reports that UK government was willing to offer €50bn in its divorce settlement with the EU. The pound starts this week on the advance, with GBP/EUR advancing to €1.1400 and GBP/USD trending above US$1.3500. |
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Today's Rate The rates above are using the British pound (GBP) as the base rate. All rates are for indication purposes only. Prices can vary dramatically based on amount and delivery date. |
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| | "the pound surged against the other majors following the news that the UK government would be offering significantly more to cover its Brexit bill."  Transfer 24/7 with our currencies direct app   |
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Pound Surges on Brexit Hopes After a dipping at the start of last week’s session, the pound surged against the other majors following the news that the UK government would be offering significantly more to cover its Brexit bill. |
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Euro movement driven by German data After starting last week on relatively positive footing, the euro struggled to hold on to its early gains after some mixed data from the Eurozone’s largest economy. |
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US dollar rocked by Flynn plea The US dollar experienced fluctuations last week as mixed data and unsettling political news lead to some notable volatility. |
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AUD strengthened by rising commodity prices, business sentiment undermines NZD The Australian dollar and New Zealand dollar both started last week on relatively strong terms despite a lack of domestic data, with both currencies being lifted by rising commodity prices. |
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