29/08/2017 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • August 29, 2017
  • No Comments

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 rose to two-week highs against the dollar today after escalating tensions in the Korean peninsula added to the greenback’s woes.

The pound has risen more than 1 percent against the dollar since Friday since Federal Reserve Chair Janet Yellen failed to offer any support to the dollar at a central bank conference last week.

With a general risk-averse mood prevailing broadly across financial markets following a missile launch from North Korea, the dollar struggled against its major rivals, falling to more than a 2-1/2 year against most currencies.

Analysts say sterling’s recent moves against the dollar and the euro have largely been a result of broader shifts in the dollar as investors worry about the ability of the U.S. administration to follow through on its economic agenda.

Investors also had their focus trained on the third round of Brexit negotiations which started on Monday, with the European Union’s chief negotiator saying he was concerned at the slow progress of the talks.

The British government has laid out a series of position papers that have outlined compromises over some of the issues likely to block progress in talks this year, but EU officials say Britain needs to settle its divorce bill with the bloc before a trade agreement can be discussed.

This has been going back and forth for some time, and the longer it takes to get negotiations off the ground, the more pressure it will put onto the Sterling value.

GBP/EUR 1.0745

GBP/USD 1.2955

GBP/AED 4.7541

GBP/AUD 1.6278 

GBP/CAD 1.6134 

GBP/CHF 1.2227

GBP/NZD 1.7810

EUR/USD 1.2052 

GBP/ZAR 16.843

Leave a Reply

Your email address will not be published. Required fields are marked *

What's Going On?

Currencies 4 You Ltd is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House Victory Way Admirals Park, Crossway, Dartford, Kent, DA2 6QD. Currencies 4 You Ltd Payment and Foreign Currency Exchange Services are provided by Equals Money and Ebury Partners UK Limited. Equals Money is a trading style of FairFX PLC. FairFX PLC is authorised and regulated by the Financial Conduct Authority to provide payment services. (Financial Services Register No: 488396). Currencies 4 You Ltd is partnered with Ebury Parnters UK Limited as its Programme Mananger. Ebury Partners UK Limited are authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. (Reference Number 900797). Ebury Partners UK Ltd is registered with the information commissioners office with registration number: ZA345828. | Terms and Conditions | Privacy Statement | Careers