Exchange-rates.com currency news explains the main events and factors affecting the major exchange rates around the world including the Pound, Euro, US Dollar, Australian Dollar, New Zealand Dollar and Canadian Dollar.

www.exchange-rates.com has partnered with TorFX to bring you competitve international money transfers. Sign up with TorFX today.

Send money abroad with TorFX Currency Exchange the recommended money transfer company by wwww.Exchange-Rates.com.

Latest Currency Headlines

Concerns on Irish Border Knock Pound (GBP) from its Highs - (1st December 2017)
Brexit Hopes Keep Pound (GBP) Buoyant - (30th November 2017)
Brexit Bill News Helps Sterling (GBP) Soar - (29th November 2017)
Brexit News to Influence Pound (GBP) Trade This Week - (28th November 2017)
Euro (EUR) Supported by Hopes of ‘Grand Coalition’ - (27th November 2017)
Brexit to Drive Pound Sterling Movement - (24th November 2017)
UK Growth Data Fails to Support Pound (GBP) - (23rd November 2017)

More currency news: Visit exchange rate news archive

Today's News: Concerns on Irish Border Knock Pound (GBP) from its Highs

Pound Sterling (GBP)

The Pound has spent much of the week gaining on hopes that the UK is on the cusp of making significant progress in Brexit negotiations.

However, on Friday it emerged that UK MPs doubted that a solution to the Irish border issue could be found any time soon.

These concerns saw the Pound fall from its best levels on Friday. Ireland has suggested that it wants agreed wording on a border plan by the 14th of December. The Pound remained lower despite the UK’s manufacturing PMI jumping from 56.6 to 58.2.

US Dollar (USD)

The Pound to US Dollar exchange rate remains close to its weekly highs on Friday morning. While Sterling weakened against many rivals, it largely held its ground against the US Dollar as political uncertainties weighed on the ‘Greenback’.

The US Dollar is likely to rally if the US tax cut bill passes through the Senate. While talks on the bill have been delayed by a day, investors are now more optimistic that tax plans will succeed and give US markets some near-term support.

However, markets have become spooked by reports suggesting that US Secretary of State Rex Tillerson was close to losing his role, to be replaced with CIA chief Mike Pompeo.

Euro (EUR)

The Pound to Euro exchange rate reached its best levels in almost a month yesterday, but on Friday concerns about the Irish border caused the Pound to slip from its highs.

Despite some Eurozone inflation data falling short of expectations on Thursday, the Euro continued to see relatively solid performance due to a weaker US Dollar.

Eurozone inflation was forecast to reach 1.6% year-on-year in November, but rose to just 1.5%. The core inflation projection remained at 0.9%. Investors were more impressed by news that the Eurozone unemployment rate unexpectedly improved to 8.8%, its best level in nine years.

The Euro saw slightly stronger demand on Friday, as Markit’s final November manufacturing PMI for the Eurozone beat projections and came in at 60.1.

Australian Dollar (AUD)

The Pound to Australian Dollar exchange rate climbed to its best levels in over a year on Thursday evening, before retreating due to fresh concerns about the Irish border issue. GBP/AUD is still on track to register significant gains throughout the week overall.

Australian Dollar trade has been slightly supported by domestic data in recent sessions, as Australian building permits beat expectations in October. AiG’s November manufacturing PMI was strong too, rebounding from 51.1 to 57.3.

New Zealand Dollar (NZD)

The Pound to New Zealand Dollar exchange rate saw similar movement to GBP/AUD on Thursday and Friday morning, reaching its best levels in over a year and then slipping from these highs.

Weakness in the Pound and the US Dollar helped the New Zealand Dollar to recover slightly, but Sterling’s gains this week were significant and GBP/NZD is still likely to end the week higher.

Canadian Dollar (CAD)

The Pound to Canadian Dollar exchange rate briefly touched on its best levels in almost half a year on Thursday, but stronger demand for oil kept the Canadian Dollar buoyed and the pair dropped on Friday morning.

Prices of oil, Canada’s most lucrative commodity, rose on Thursday as it was confirmed that OPEC members and some non-member nations had agreed to extend oil production cut plans into the end of 2018.

Oil producers expressed confidence that the cuts were helping oil prices recover, which boosted demand for the oil-correlated Canadian Dollar.

Key Canadian growth and job market stats due during Friday’s American session could boost the ‘Loonie’ further.

Currency Converter

Amount to convert:

From:

To:

Currency Exchange



Currency exchange coming soon... Click here to download the www.exchange-rates.com app for the Apple iPhone.