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25/08/2017 – This Morning’s Exchange Rates

Posted by currencies in Rate Alerts
August 25, 2017
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The exchange rates are listed at the bottom of this article. Please note the rates listed are for indication only. For live rates please contact us.

Sterling steadied this morning after falling to a two-month low against the dollar in the previous session, as investors waited to see what Federal Reserve chief Janet Yellen would say in a speech later in the day.

The pound also held near its lowest in more than 10 months against the euro, with political uncertainty weighing on market sentiment and the corporate outlook for British companies.

markets are happy to push sterling lower with any negative news, and there is a big gap opening up between the outlook of both the Eurozone and the U.K economies.

Sterling is flat against the dollar and is poised for a fourth consecutive week of losses. Against the euro, it held close to the low reached on Wednesday, a level it last tested in October 2016. The pound has weakened more than 5 percent against the euro since mid-July.

The government is trying to move forward formal discussions on leaving the European Union, issuing a series of position papers that have outlined potential compromises over key issues.

GBP/EUR 1.0852

GBP/USD 1.2817

GBP/AED 4.7112

GBP/AUD 1.6197

GBP/CAD 1.6034

GBP/CHF 1.2342

GBP/NZD 1.7741

EUR/USD 1.1791

GBP/ZAR 16.800

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