Forex News

Up-to-the-minute foreign exchange news and economic data from global markets. These are the breaking financial and trading updates across the globe with live forex news.

May 2, 2019
Pound currency, money, banknote. English currency. UK banknotes of different values stacked on each other.

Sterling Nudges Higher against Dollar and Euro Pre Local Elections

The British Pound started the week significantly bullish against the Euro and U.S. Dollar. In a week where Bank of England, Mark Carney speaks and the UK is set to release a host of important data on property, mortgages and monetary policy. With Brexit still not solved, political headlines are the key catalysts in Sterling’s […]
May 2, 2019
Ten pounds banknote from the Bank of Scotland

SNP Membership Support New Scottish Currency as Independence Enthusiasm Grows

Scottish National Party (SNP) members have voted for a “fast-track” plan to ditch the pound if Scotland were to vote for independence, directly opposing the views of party leadership. The party membership supported the preparation of a Scottish currency “as soon as practicable”. Leader Nicola Sturgeon’s allies had opposed this amendment at her party’s conference Friday, […]
April 23, 2019
Petroleum, petrodollar and crude oil concept : Pump jack and a black barrel on US USD dollar notes, depicts the money received or earned from sales after investment in the development of oil industry.

CAD and NOK up as Reports State the US Will Removes Tariff Waivers for Importers of Iranian Oil

The Canadian Dollar and Norwegian Krone were both boosted yesterday as the Washington Post broke a story that the US will announce the removal of tariff waivers for those who continue to import Iranian oil. It’s anticipated that the Secretary of state Mike Pompeo will shortly announce US sanctions to nations that continue to import […]
April 15, 2019
New Zealand Currency - Fifty Dollar Bill

Busy Week of Data Announcements Could Be Turning Point for New Zealand Dollar against Sterling

It’s not a surprise that the Pound has been one of the worst currencies globally the last 12 months but the New Zealand Dollar isn’t far off within the G10. The UK has had a host of its own macro and political influences affecting the value but for New Zealand, inflation data will likely dictate […]
April 12, 2019
cryptocurrency mining concept with golden bitcoin litecoin and Ethereum golden coins next to a computer performant video card black background

3 Reasons for the Unexpected Surge in Cryptocurrencies This Week

Technical changes to crypto mining The world’s most popular cryptocurrency, Bitcoin (BTC) rallied 15% in a delay in an unexpected spike in value this week taking it to the highest value since November 2018. It surged $1,000 to break through the $5,000 barrier. Since a series of shocks dumps, Bitcoin hasn’t seen $5,000 for months […]
April 10, 2019
Glass Japanese yen signs background

Japanese Yen Takes a Hammering during Asian Trading but Pound Falls Further

Traders and investors across the world from Asia to Wall St taken out short positions on Japan’s currency for six straight weeks due to further signals that economic growth is slowing. This fuels the rumours that the central bank will maintain its record monetary stimulus. However, global risk sentiment has eased as the U.S. and […]
April 2, 2019
highway board, options HARD or SOFT BREXIT

Pound Gains against Both Euro and the Dollar as UK Government Looks to Move for a Softer Brexit

Ahead of Monday’s House of Commons indicative votes, Sterling posted gradual and steady gains against many major currencies as investors tried to do the impossible and predict the likely outcome of the tonight’ critical Brexit votes. As of writing the Pound to Euro exchange rate is +0.56% higher at €1.166 today and Pound to US […]
April 1, 2019
Turkish Lira with Turkish Flag

Turkish Lira Plunges Heavily Days before Controversial Weekend Political Elections

The Turkish lira plunged even further against the US dollar ($) after investors were spooked by a currency crackdown by President Recep Tayyip Erdogan ahead of elections this Sunday. The currency suffered its second sharp slide in a week after the Turkish authorities depleted its foreign reserves to head off another crisis and stopped its […]
March 28, 2019
Switch with Brexit and England flag and inscription no Deal and EU

The Impact of No-Deal Brexit on the Pound

As it did when the results of the 2016 referendum, the impact of a no-deal Brexit would be visible immediately across financial markets and more slowly in the wider economy. There would be three big things to watch with regard to markets: government-bond yields, share prices and crucially the value of the currency. Brexit uncertainty […]