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April 28, 2021 - Written by John Cameron GBP/AUD Exchange Rate Rangebound as Australian Economy Begins to Show Signs of Recovery The Pound Australian Dollar (GBP/AUD) exchange rate held steady today despite Australia’s latest consumer price index falling below forecasts of 0.9% to 0.6%. The pairing is currently fluctuating around AU$1.79. The Australian Dollar (AUD) rose despite the nation’s CPI falling well below the Reserve Bank of Australia’s (RBA) target. CommSec chief economist Craig James expressed confidence in Australia’s economy, however, saying: ‘The economy is recovering ...

April 27, 2021 - Written by John Cameron GBP/CAD Exchange Rate Rangebound as Canada’s Covid-19 Vaccines Pass 12-Million The Pound Canadian Dollar exchange rate held steady today as the daily amount of Covid-19 vaccinations in Canada has doubled since the beginning of April. The pairing is currently fluctuating around CA$1.72. The Canadian Dollar (CAD) has benefited from news that Canada has now surpassed 12-million Covid-19 vaccinations as the nation’s rollout continues to pick up steam. Canada’s Global News explains: ‘Canada’s COVID-19 doses administered per 100 people now stands a...

EUR/GBP Exchange Rate Rangebound as Europe’s Covid-19 Cases Remain High The Euro Pound exchange rate held steady today as Europe cautiously begins lifting Covid-19 restrictions. The pairing is currently fluctuating around €0.86. The Euro (EUR) failed to rise against the Pound today as numbers of coronavirus infections in Europe remain high. Nino Cartabellotta, head of the GIMBE Foundation health think tank has however warned about Italy’s easing of restrictions, saying: ‘Clearly if the gradual reopening is interpreted as a ‘free-for-all’, a new surge in infections risks compromisi...

April 13, 2021 - Written by John Cameron EUR/USD Exchange Rate Rangebound as Germany’s Investor Morale Struggled in March The Euro US Dollar (EUR/USD) exchange rate held steady today after German investor morale has suffered from fears of further Covid-19 restrictions. The pairing is currently fluctuating around $1.19. Germany’s ZEW survey of the current economic situation improved by 12.2 points, rising from -48.8 to -61 last month. ZEW President Professor Achim Wambach was however more optimistic, commenting: ‘The ZEW Indicator of Economic Sentiment is, however, still at a very high ...

April 1, 2021 - Written by John Cameron GBP/USD Exchange Rate Rangebound as ‘Greenback’ is Buoyed by Safe-Haven Demand The Pound US Dollar exchange rate held steady today following President Joe Biden’s announcement of a $2 trillion infrastructure stimulus package. The pairing is currently fluctuating around $1.37. Mr. Biden commented on the stimulus plan: ‘It is not a plan that tinkers around the edges. It is a once-in-a-generation investment in America.’ He also added: ‘The divisions of the moment shouldn’t stop us from doing the right thing for the future. I’m convinced th...