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Currency news

GBP/USD holds steady near $1.40 as markets brace for ...

The pound traded in a narrow range yesterday as investors awaited Chancellor Rishi Sunak’s budget statement later this afternoon.

GBP/USD slips to $1.38 as US Treasury yields ...

The US dollar struck higher at the start of this week, strengthening on the back of rising US Treasury yields driven by US stimulus optimism.

Weekly roundup: Pound strength fades as ...

Support for the pound weakened over the course of the last week as the initial boost from the government’s lockdown exit plan announcement faded.

Weekly roundup: Euro struggles despite ...

Although the fourth quarter German GDP saw a surprise upward revision, the euro failed to gain any major boost.

Weekly roundup: US dollar bolstered by leap ...

An unexpectedly sharp surge in durable goods orders on Thursday, alongside a sharp souring of market sentiment on Friday due to rising US Treasury yie

Weekly roundup: New Zealand dollar fails to ...

A surprise weakening in the ANZ business confidence index saw the New Zealand dollar fall sharply out of favour.

GBP/USD slips below $1.40 as market mood sours

The US dollar mounted a convincing comeback on Friday as investors favoured the safe-haven currency amid a souring of market sentiment.

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