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XE Currency Converter: USD to GBP

GBP/USD2016-09-26 11:04 UTC

The pound saw a fresh round of selling, with Cable coming within 5 pips of last week's one-month low at 1.2912 and EUR-GBP trading on the 0.87 handle for the first time since mid August. The weakness of the pound over the last few weeks has come as investors grapple with Brexit prospects, particularly that risk that the government is gearing-up for a "hard" exit and, at the least, the long period of uncertainty of what the future ... Read More 

XE Market Analysis

  • North American Edition2016-09-26 11:04 UTC

    The dollar traded generally weaker, losing over 0.5% to the yen, which outperformed amid a risk-off backdrop. USD-JPY fell to a 100.38 low, and EUR-USD a two-session high of 1.1281, aided by a much stronger than expected September German Ifo business expectations survey. The yen also registers as one of the strongest currencies on a week-to-week basis, with USD-JPY down by a net 1.5%. Aside from the Fed's less hawkish than expected guidance last week, ... Read More 

  • European Edition2016-09-26 06:38 UTC

    The dollar has been trading generally softer in pre-European trade so far today. This follows the Fed signalling last week that prospects for a monetary policy tightening are further down the road than markets had been anticipating. USD-JPY edged out a two-session low of 100.70, and EUR-USD a two-session high of 1.1241. The yen registers as one of the strongest currencies on a week-to-week basis, with USD-JPY down by a net 1.1%. Aside from the Fed's ... Read More 

  • Asian Edition2016-09-23 18:21 UTC

    The dollar was mixed in N.Y. trade on Friday, moving lower versus the euro and pound, while posting gains against the yen and CAD. Aside from the flash Markit manufacturing PMI, which was weaker than expected, though had no lasting impact on the dollar, the calendar was empty. EUR-USD opened near 1.1200, and made its way to 1.1240 highs. USD-JPY rallied to 101.12 after starting near 100.70. USD-CAD popped higher following weak Canada CPI and retail sales ... Read More 

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