Rival Weakness News Today

April 8, 2021 - Written by Ben Hughes Despite hitting its best levels in over a year this week, the British Pound to Japanese Yen (GBP/JPY) exchange rate has plummeted since then, shedding most of the gains seen over the past month in a matter of days. A combination of factors are helping the previously weak Japanese Yen to capitalise against this week’s broad Pound weakness. Unless there is a shift of market sentiment over the coming day, the Pound could remain jittery unless next week’s U...

EUR/USD Exchange Rate Continues to Tumble as US Dollar Capitalises on Rival Weakness  The US Dollar (USD) continues to rally today, continuing to push the Euro to US Dollar (EUR/USD) exchange to its worst levels in two months. The pair has seen a sharp recoil as the US Dollar benefits from weakness in its biggest rival, the Euro (EUR).  Since opening this week at the level of 1,2137, EUR/USD has been trending sharply lower as the US Dollar continues its rebound rally.  As of Thursday afterno...

Euro US Dollar Exchange Rate Tumbles despite Forecast-Beating Eurozone GDP  Investors continued to sell the Euro US Dollar (EUR/USD) exchange rate today. As Eurozone coronavirus jitters persist, the Euro (EUR) is recoiling from its best levels while its rival the US Dollar (USD) rebounds from its lows.  Since hitting impressive highs in January, EUR/USD has been gradually trending lower in recent weeks. Last week saw EUR/USD slip from the level of 1.2171 to 1.2137 throughout the week.  EUR/U...

Euro Pound Exchange Rate Advancing as Eurozone PMIs Less Disappointing than UK  Despite economic recovery hopes and market sentiment boosting the Pound (GBP) in the middle of the week, the Euro Pound (EUR/GBP) exchange rate has seen a strong recovery over the past day. The pair continues to climb on Friday and may sustain gains this week.  Since opening this week at the level of 0.8890, EUR/GBP has seen mixed movement. Yesterday, the Pound’s strength pushed EUR/GBP lower to a four-month-low...

Euro Pound Exchange Rate Avoiding Bigger Losses as Brexit Uncertainty Persists  UK-EU Brexit negotiations have been extended yet again, but with half a month until the end of the Brexit transition period the Euro Pound (EUR/GBP) exchange rate is in for even more intense volatility.  After opening last week at the level of 0.9018, EUR/GBP took advantage of Sterling weakness and closed the week much higher, at the level of 0.9156. EUR/GBP also touched on a high of 0.9227, the best level for the...