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Weekly Market Analysis February 26th 2018  |
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USD/EUR plummets to three-year low as US retail sales slump Sterling continued to fluctuate against the majority of its peers last week as markets reacted to the latest UK data and Bank of England (BoE) rate speculation. The pound is pushing higher at the start of this week, with GBP/EUR climbing to €1.1390 and GBP/USD rocketing up to US$1.4063. Sterling may look to find more stability this week however as markets are hoping for more Brexit clarity following a successful meeting between Theresa May and her cabinet last week. |
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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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| | "Sterling initially struggled to make any headway at the start of last week’s session"  Transfer 24/7 with our currencies direct app   |
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Pound volatile as data disappoints, BoE rate speculation rise The pound was hit by volatility again last week due to some disappointing economic data and rising speculation of a BoE rate hike. |
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Lacklustre economic data punishes euro The euro was forced to cede some of its recent gains last week as investors were unimpressed with the latest economic data to come out of the Eurozone. |
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USD snaps back, Fed minutes boost rate hike odds The US dollar was able to strengthen against the majority of its peers last week as investors jumped on USD amidst suggestions that the currency was to enjoy a more sustained recovery. |
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Rebound in USD prompts losses in both Australian and New Zealand dollar The Australian dollar and New Zealand dollar both came under pressure last week as market risk appetite was weakened by the uptick in the US dollar. |
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