Tag: Pound

Pound Tumbles on Brexit Concerns

Pound Tumbles on Brexit Concerns

The pound was down 1.13% against the U.S. and 0.77% against the Euro at 21:15 GMT, as concerns regarding the nature of Britain's exit from the European Union push the currency to a three-month-low. Beginning the trading week down almost 2% against the dollar in early-hour trading, the British pound remained a vivid illustration of … Continue reading Pound Tumbles on Brexit Concerns

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The Fall of the Pound Dampens Elation of Month-Long FTSE 100 Increase

The Fall of the Pound Dampens Elation of Month-Long FTSE 100 Increase

The FTSE 100 index enjoyed a December 2016, and New Year on a month-long trend of significant growth, as the index continues to increase subsequent to the Brexit referendum. From the June 23 referendum on Britain's membership of the E.U. the pound has maintained a general trajectory of significant increase, albeit maintaining a simultaneous notion … Continue reading The Fall of the Pound Dampens Elation of Month-Long FTSE 100 Increase

Dollar Reverses Losses Against Pound from Previous Trading Sessions

Dollar Reverses Losses Against Pound from Previous Trading Sessions

The dollar rose against many of the currencies it sustained losses against in the wake of Wednesday's release of minutes from the Feds December meeting, from which investors and analysts were attempting to deduce the possibility of an interest rate increase in 2017. Despite incurring a significant drop against the British pound in the two … Continue reading Dollar Reverses Losses Against Pound from Previous Trading Sessions

Pound Marks Second Week of Recovery But Fall Still Likely to Continue

Pound Marks Second Week of Recovery But Fall Still Likely to Continue

The release of minutes from the Feds December meeting¬†enabled the pound to enjoy a second week of moderate increase against the U.S. currency, however there is still a long way for the pound to fall. Since Brexit the pound has continued to descend against the U.S. dollar, with few regions of increase along the bumpy … Continue reading Pound Marks Second Week of Recovery But Fall Still Likely to Continue

Euro Continues Gain Against Dollar

The euro continued its gain against the U.S. dollar with a rise of 1.02% at 12:22 EST, continuing from Wednesday's trading session, in which the currency closed up 0.85166 against the dollar, pushing against three consecutive days of losses in trading sessions in the days prior to the release of minutes from the Feds December … Continue reading Euro Continues Gain Against Dollar

Pound Suffers 1% Decline Against US Dollar

Surfing on buoyancy provided by positive manufacturing data, the US dollar reached the highest level since June 2002, pushing the GBP/USD ratio down to 1.22340, as bears fail to loosen the grip maintained on the ratio which has pushed the pound into a 5-week losing streak against the dollar. The dollar also rose significantly against … Continue reading Pound Suffers 1% Decline Against US Dollar