Above: The pound euro exchange rate shot higher after the ECB announced it is cutting the refinancing rate to 0.15% from 0.25%.
The British pound (GBP) exchange rate complex is one of the better performers in global FX as economic data releases continue to make the UK unit a preffered destination. We saw this play out Thursday when the ECB announced an interest rate cut.
For the sterling dollar rate Friday's US Non-Farm payroll release becomes the central theme. A look at the exchange rate markets on Friday shows:
June 6,2014
Today's exchange rate market place remains confined to recent ranges with the UK's sterling suffering a lack of interest.
May 24,2014
The best GBP exchange rates of 2014 are falling well out of reach on Wednesday as sterling is hammered.
May 14,2014
The British pound (GBP) is under pressure ahead of the Bank of England QIR, but interest rate yields suggest upside potential ahead.
May 14,2014
The outlook for the pound sterling (GBP) suggests recent losses may have ended. For today, the exchange rate complex is predicted to be steady after a poor Friday session.
May 14,2014
The pond sterling exchange rate complex is under pressure against the euro following the passing of this month's key central bank events.
May 9,2014
The pound sterling starts Tuesday on the front-foot against most major currencies; strong gains against the US dollar are of particular interest with a supportive outcome from the Service component of the economy providing fresh impetus.
May 7,2014
Page 399 of 412
