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What could impact GBP, USD, EUR and AUD exchange rates this week?

Sterling exchange rates have once again started on the back foot against most major currencies. As we start the working week the pound opened at 1.1176 against the euro, 1.2745 against the USD and 1.7423 against the AUD. Below I…

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Volatility in Turkey pushes GBP/USD to a 12 month low

This week has continued to see some significant volatility in the money markets with events in Turkey the main catalyst. With sanctions being imposed on Turkey by Donald Trump and his US government over Turkey’s refusal to release a US…

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Inflation levels keep the pound on the back foot

Pound exchange rates have fallen to their lowest levels against the Euro since March. This comes following lower than expected inflation figures. The market was expecting a release of 2.6% but with a release of 2.4% this all but guarantees…

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Trump comments cause a US dollar rally

With Donald Trump making his first visit to the UK as the US President his comments regarding the potential “soft Brexit” approach led to the pound falling back to a near month high against the pound. Since the beginning of…

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Pound weakens on proposed Brexit Customs Plan

Why has the Pound fallen today? Theresa May has revealed some details about the proposed new Brexit Customs Plan.  There are meetings today between the Prime Minister and Angela Merkel, but they don’t seem to be going as well as May had hoped. We’re…

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