Daily News
GBP Falters, USD Steadies, and EUR Struggles.
GBP Weakness: The Pound Sterling (GBP) fell to 1.2880 against the US Dollar (USD) due to negative market sentiment ahead of the US Q2 GDP data release. USD Performance: The...
Pound Surges Amid Investor Optimism and Political Stability:….
Pound’s Strength: The GBP/USD exchange rate has reached 11-month highs near 1.30, with Goldman Sachs extending its target to 1.31, driven by favorable financial conditions and optimism about the US...
Markets Rally as Biden’s Withdrawal Boosts Kamala Harris….
Biden’s Potential Withdrawal: Investors reacted positively to Vice President Kamala Harris’s endorsement, with stock futures and Treasury futures rising, while online betting on Harris increased. USD Speculators’ Position: US dollar...
Pound Surges on Strong UK GDP, USD Stabilizes….
UK GDP Growth Boosts Pound: The UK’s GDP rose by 0.4% in May, doubling expectations and reducing the likelihood of an August 1 interest rate cut, boosting the Pound to...
Insights
GBPEUR: June Overview & July Outlook.
GBP-EUR Exchange rate hits 22-month high in June The pound euro exchange rate edged lower on 6 June following the European Central Bank’s (ECB) interest rate decision. While it cut…
GBPUSD: June Overview & July Outlook.
GBP-USD Exchange rate touches ten-month high in June The pound dollar exchange rate bounced off the 1.27 benchmark on 3 June after the ISM manufacturing PMI showed a sharper-than-forecast contraction…
Central FX Monthly Insights – July 2024.
Please enjoy our July 2024 edition of Monthly Insights with our Head of Dealing - Tom Foster [video width="594" height="842" mp4="https://centralfx.co.uk/wp-content/uploads/Central-FX-Monthly-Insights-July-2024-1.mp4"][/video]
GBPEUR: May Overview & June Outlook.
GBP-EUR Exchange rate touches 14-week high in May The pound euro exchange rate was flat at the start of May amid underwhelming Eurozone PMI data and robust employment figures from…
GBPUSD: May Overview & June Outlook.
GBP-USD Exchange rate posts overall gains in May The pound dollar exchange rate initially traded without a clear direction just above 1.25 at the start of May, following the Federal…
Central FX Monthly Insights – May 2024.
Please enjoy our May 2024 edition of Monthly Insights with our Head of Dealing - Tom Foster [video width="594" height="842" mp4="https://centralfx.co.uk/wp-content/uploads/Monthly-Insights-May-2024-1.mp4"][/video]
GBPUSD: April Overview & May Outlook.
GBP-USD Exchange rate rebounds from 5-month low in April The pound, which began April just above 1.26 against the dollar, was supported by a better-than-forecast final UK manufacturing PMI print.…
GBPEUR: April Overview & May Outlook.
GBP-EUR Exchange rate recovers from 3-month low in April The pound edged to within touching distance of 1.17 against the euro at the start of the month amid cooling German…
Central FX Monthly Insights – April 2024.
Please enjoy our April 2024 edition of Monthly Insights with our Head of Dealing - Tom Foster [video width="594" height="842" mp4="https://centralfx.co.uk/wp-content/uploads/Currency-Outlook-Video-April-2024.mp4"][/video]
GBPEUR: March Overview & April Outlook.
GBP-EUR Exchange Rate Falls to Nine-Week Low in March The GBP/EUR exchange rate traded sideways in the 1.16 range at the start of the month, despite warmer-than-forecast Eurozone inflation data…