Forex News Shop Staff

We cover foreign exchange, currency and cryptocurrency news and guides. Our readers can find currency-specific foreign exchange news, political updates affecting currency and insight into where foreign exchange trends may go, as well as the latest cryptocurrency analyses and trends.

November 11, 2019
canadian money in a pocket of a blue jeans

Canadian Dollar Falls Further as Job Numbers Tumble

The Canadian Dollar fell further this past week upon the release of the latest Canadian jobs data. The Canadian Dollar had stabilised since its last disappointing GDP release and concerns surrounding the Chinese economy. The CAD-USD has tumbled from a 3 month high seen in late October when the pair touched 0.7663 with the latest […]
November 4, 2019
Composite image of stocks and shares

NFP Numbers Surpass Target but Manufacturing Stumbles as ISM PMI Falls

Markets had a keen eye on Friday’s data with a series of impactful US data releases scheduled. The train-like momentum of the US jobs market had been slightly more questionable of late. The last two readings missed target falling short of forecast, investors were looking to see if the last few months had been a […]
October 30, 2019
House of Parliament and British flag

Pound Stagnant as Parliament Are Faced with Parliamentary Election

Sterling traded within a tight band this week as the path to Brexit became opaquer this week. Following the collapse of last weekend’s meaningful vote, MP’s voted for Johnson’s deal but rejected the proposed timetable. Johnson, in turn, stated he was pausing the deal in order to call for a general election. The UK now […]
October 22, 2019
Beautiful United Kingdom waving flag and behind the famous Big Ben.

Brexit – Meaningful Vote Becomes Meaningless

As Members of Parliament congregated on Saturday for the first time in over 30 years the UK and financial markets eagerly anticipated the vote of Boris Johnsons ‘great new deal’. Thursday, Friday and Saturday morning had been spent the conservative party gaining support and flogging the deal to rebel opposition members and those sat firmly […]
October 16, 2019
British pound exchange rate: British pound coin placed on a gree

Pound Surges More Than 2% as Brexit Pathway Is Found

An unscheduled meeting between Prime minister Boris Johnson and Leo Varadkar prompted GBP to surge this week as it was stated a ‘pathway to Brexit’ had potentially been found. The meeting which took place in a country house on the Wirral saw GBP rise as markets brought into the possibility of a Brexit breakthrough. Whilst […]
October 1, 2019
Details with the lonely flag of the United Kingdom during a conference of European Union officials

Pound Falls as Parliament Prorogation Is Deemed Unlawful

The Pound fell this week as the UK supreme court ruled that Boris Johnson’s parliament prorogation was ruled as unlawful. The decision saw GBP fall against a basketful of currencies including the Euro and USD. The Supreme court consists of 11 of the UK’s top legal minds who voted unanimously. The court took the view […]
September 9, 2019
British Pound in the Screen. Currency index Up.

Pound Rallies as No Deal Is All but Taken off the Table

The Pound enjoyed solid gains this week as parliament tied up Boris Johnson’s plans and legally took the pat of no-deal off the table. The recently elected prime minister facing and losing 4 votes in parliament this week. The Pound gaining support as the likelihood of the UK leaving the European Union without a deal. […]
August 28, 2019
1 Euro coin falling

German Recession Fears Remain despite Upbeat Eurozone Data

The eurozone posted a raft of impressive data this week which included positive services and manufacturing PMI numbers. French and German services posted readings of 53.3 and 54.4 against targets of 52.5 and 54.1, both exceeding their anticipated levels. Despite these fears are growing for Germany’s economy which now appears to be on the brink […]
August 28, 2019
British pound rising, American dollar falling, exchange rate fluctuation, screen

Pound Reaches 1.10 as Johnson Offers Olive Branch and Meets Macron and Merkel

The pound was propelled further this week as proactive talks were held between UK Prime minister Boris Johnson, Angela Merkel and Emmanuel Macron. Johnson began his whistle-stop tour in Berlin where he enjoyed a working lunch with Merkel. He then hot-footed his way to Paris to meet with the French President Emmanuel Macron with one […]