| Email not displaying correctly for you? View it in your browser instead. |
|---|
|
|---|
|
Weekly Market Analysis November 13th 2017  |
|---|
|
|---|
|
|
Political turbulence returns to plague GBP exchange rates Political chaos upset the pound last week, while the euro and US dollar were both fluctuating under the influence of strong bets of a US interest rate hike next month. The pound is slumping today. GBP/EUR has fallen -0.7% to €1.1231, while GBP/USD has dropped 0.8% to US$1.3089. It looks like political turmoil could drive the pound lower this week, while the euro has a solid run of economic data to contend with. USD, meanwhile, is likely to flounder as those bets of a rate hike prevent strong movement in either direction. |
|---|
|
|---|
|
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. |
|
|---|
| | "The pound started last week on buoyant form as markets rushed to buy Sterling from its BoE-inspired lows."  Transfer 24/7 with our currencies direct app   |
|---|
|
|---|
|
Strong industry data boosts pound after midweek Cabinet scandal The pound got off to a strong start last week but softened as scandal embroiled Theresa May’s Cabinet. Strong data on Friday provided something of a reprieve. |
|---|
|
|---|
|
Euro cool on diverging Eurozone and US monetary policy The euro was on poor form for much of last week as markets turned their attention to the US, where the monetary policy outlook is more favourable than in the Eurozone. |
|---|
|
|---|
|
US dollar exchange rates struggle despite expectations for December rate hike Once again, the US dollar was kept in limbo thanks to the sky-high odds of an interest rate hike from the Federal Reserve in December. |
|---|
|
|---|
|
Monetary policy meetings drive AUD and NZD exchange rates The Australian dollar and New Zealand dollar found themselves reacting to domestic monetary policy announcements last week. Data this week is mostly low-impact, so AUD and NZD could struggle to find a solid footing. |
|---|
|
|---|
|
|
