The Pound to Canadian Dollar (GBP/CAD) exchange rate closed last week near 1.8959 after extending its recovery into a second consecutive week, with Sterling finding support while the Canadian Dollar struggled to benefit from firmer oil prices. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.895902 (+0.16%)Euro to Canadian.
As the US Dollar benefits from deep capital markets and safe-haven status, it held firm with DXY at $101.03. EUR/USD defended $1.1425 support while GBP/USD advanced to $1.3337 with buyer interest.
The Pound to Dollar (GBP/USD) exchange rate rallied to a two-week high last week as a disappointing US jobs report prompted investors to scale back Federal Reserve rate hike expectations, sending the US Dollar sharply lower. At the time of writing, GBP/USD was trading around $1.3369, up approximately 1.3% on the week.
Pound Sterling Price News and Forecast: GBP/USD holds weekly gains as Fed hike doubts deepen
Policy and growth divergence across major economies influenced the US Dollar following today's nonfarm payrolls as DXY traded at $100.68. EUR/USD held blue trendline support at $1.1453 and GBP/USD tested resistance at $1.3289.
The Pound to Australian Dollar (GBP/AUD) exchange rate climbed to its strongest level in almost 14 weeks on Thursday as easing UK political uncertainty and weak Australian trade data combined to lift Sterling. At the time of writing, GBP/AUD was trading at AU$1.9335, up around 0.4% on the day.
The Pound to Dollar (GBP/USD) exchange rate surged to a two-week high on Thursday after a weaker-than-expected US non-farm payrolls report triggered heavy selling pressure in the US Dollar. At the time of writing, GBP/USD was trading around $1.3377, up roughly 0.7% on the day.
Pound Sterling Price News and Forecast: GBP/USD gains ground to near 1.3360 early European session
Pound Sterling Price News and Forecast: GBP/USD rallies as weak NFP smashes Fed hike bets
British Pound surges against US Dollar ahead of US NFP data
The Pound to Rupee (GBP/INR) exchange rate traded around 126.62 on Thursday, holding close to one-week highs after Sterling rebounded sharply at the start of July while the Indian Rupee struggled to build on June's recovery. Latest — Exchange Rates:Pound to Rupee (GBP/INR): 126.6190 (-0.08%)Previous Close: 126.7200.
GBP/USD Price Forecast: Extends recovery to near 20-day EMA amid hopes of commitment to fiscal rules