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Weekly Market Analysis January 15th 2018  |
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Euro climbs on hawkish ECB minutes, German coalition hopes Last week saw the pound fluctuate on disappointing domestic data and upbeat Brexit news. The pound opened this week a little mixed, with GBP/EUR trending lower at around €1.1241 and GBP/USD having climbed to US$1.3775. This week Sterling movement is likely to be driven by the release of the UK’s latest inflation figures and any Brexit developments. |
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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 initially held firm at the start of last week as investors were mostly focused on developments in other markets."  Transfer 24/7 with our currencies direct app   |
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Pound fluctuates as trade figures disappoint The pound found itself fluctuating against many of its peers again last week as investors reacted to the UK’s latest trade figures and Brexit news. |
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Euro bolstered by ECB speculation and German coalition progress The euro jumped against the majority of its peers last week as investors interpreted the minutes from the latest European Central Bank (ECB) policy meeting as a sign the bank may tighten monetary policy in 2018. |
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US dollar sinks as investors shy away from currency The US dollar closed the session lower against the majority of its peers last week as investors became increasingly dovish towards the currency. |
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AUD, NZD lifted by USD weakness, Australian Dollar strengthened by retail figures The Australian dollar and New Zealand dollar were both supported last week as investors flocked to the currencies in the face of US dollar weakness. |
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