Last week saw the pound fluctuate against many of its peers following the release of the UK’s latest economic data
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Weekly Market Analysis February 19th 2018 |
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USD/EUR falls to three-year low as US retail sales slump Last week saw the pound fluctuate against many of its peers following the release of the UK’s latest economic data. The pound is holding steady at the start of this week, with GBP/EUR stable at €1.1293 and GBP/USD unmoved at US$1.4025. Sterling may find some gains when the UK publishes its latest employment figures later in the week. |
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Today's Rate The rates above are using the British pound (GBP) as the base rate. All rates are for indication purposes only. Prices can vary dramatically based on amount and delivery date. |
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| | "Sterling started the week on the back foot as Brexit uncertainty reared its head following the warning the previous week that a transitional agreement for the UK was ‘not a given’. " Transfer 24/7 with our currencies direct app |
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Pound fluctuates on UK inflation and retail figures The pound was hit by volatility again last week as some mixed economic data and Brexit developments weighed on the currency. |
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Euro bolstered by robust data The euro put in another strong performance last week, in particular against the US dollar, hitting a new multi-year high. |
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USD retreats as robust inflation fails to provide respite from sell-off The US dollar suffered at the hands of foreign exchange traders last week as investors began to bet against the ‘greenback’ once again. |
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AUD, NZD advance following uptick in risk sentiment The Australian dollar and New Zealand dollar both benefited last week from the broad based weakness in the US dollar, which helped to bolster market risk appetite. |
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