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Latest Currency News

GBP/INR Faces Resistance After Gaining 9%

GBP/INR has slightly declined in early trading on Monday. Currently, one British pound buys 93.628, down 0.38% as of 6:10 AM UTC. GBP/INR touched a daily low at 92.854. Last week, the price hasn’t seen a bearish day at all. In fact, it has had six bullish sessions in a row, gaining over 9% and […]


GBP/USD: Pound Pares Gains As Lock Down Extension Eyed

The Pound is slipping lower at the start of the new trading week after surging 7% across the previous week. The Pound struck a low of US$1.1435 last week, just up from its 35 year low touched the week before. The Pound versus US Dollar exchange rate then soared to 2-week high of US$1.2486, on […]


GBP/SEK: Pound Advances Despite Warning Lock Down Cold Be Extended

The Pound advanced 2% versus the Swedish Krona across the previous week. This was its second straight week of gains, following extensive measure by the UK Government and the Bank of England to prop up the UK economy amid the coronavirus hit. At 06:45 UTC, GBP/SEK is trading +0.4% higher at 12.3551, amid lock down […]


GBP/EUR: Pound Consolidates Gains As Lock Down Extensions Weighed Up

The Pound snapped a five-week losing streak versus the Euro in the previous week. The Pound versus Euro exchange rate soared 2.7% last week, paring some of the 10% losses that the pair has experienced since mid-February. The Pound is consolidating those gains at the start of the new trading week. At 06:30 GBP/EUR was […]


AUD/USD: Aussie Gains on Hopes for Third Stimulus Package

The Australian dollar is up against the US dollar on Friday. It caps a dismal weak for the greenback and a stellar return from decade lows for the Aussie. Talk of a third stimulus package in Australia that will support businesses that lose all their customers and would otherwise shutdown during lockdown has helped keep […]


GBP/AUD: Aussie Drops versus Pound as Global Equities Pullback

The British pound is lower against the Australian dollar on Friday. The Australian dollar flirted with a daily rise but eventually succumbed to Sterling, which has been the top-performing G10 currency this week. The pound meanwhile brushed off the Prime Minister as well as the Health Secretary and the Chief Medical Officer all self-isolating after […]


GBP/USD: Dollar Continues Backtrack from ‘Funding Squeeze’ Highs

The British pound is higher against the US dollar on Friday. Sterling brushed off news that British Prime Minister Boris Johnson had tested positive for the coronavirus, continuing the upward momentum that has been in place all week. Actions to ease access to dollar funding from the Federal Reserve last week have a profound effect […]


GBP/EUR: Pound 2-Week High vs. Euro. Boris Johnson Contracts Coronavirus

The British pound is higher against the euro on Friday. The British currency saw a brief flutter but held onto daily gains after news broke that Prime Minister Boris Johnson had tested positive for the coronavirus. The rising death toll from COVID-19 in European countries is seeing the euro turn lower although data showing surprisingly […]


USD/INR: Indian Rupee Down But Not Out after RBI Rate Cut

The US dollar is higher against the Indian rupee on Friday. The rupee fell but avoided fresh record lows after a much-awaited cut to interest rates in India. The dollar has had one of its worst weeks on record if judged on the fall in the US dollar index, so there was some short covering […]


GBP/CAD Concludes Bullish Week as Oil Prices Eye New Lows

GBP/CAD is extending its rally to conclude a bullish week. Currently, the pair is trading at 1.7218, up 0.68% as of 10:12 AM UTC, after gaining over 1.40% yesterday. The price is about to a test a resistance level at about 1.7300, which was dominant in January and February. WTI, Brent Hit By Unbalanced Supply […]