Page 2 - Rate Sinks News Today : Breaking News, Live Updates & Top Stories | Vimarsana

May 27, 2021 - Written by John Cameron GBP/NZD Exchange Rate Sinks as UK Hospitality Sector Remains ‘Far From a Champagne Moment’ The Pound New Zealand Dollar (GBP/NZD) exchange rate dipped by -0.1% today after business leaders urged Prime Minister Boris Johnson for fresh support to help the hospitality sector recover from the extended Covid-19 lockdown this year. The pairing is currently trading around NZ$1.93. The Pound dipped today as concerns remain for the UK economy with the hospitality sector expected to boom in summer. But many business leaders, including Kate Nicholls, the chief ...

The Euro Pound (EUR/GBP) exchange rate dipped today, with the pairing currently fluctuating around £0.86. The EUR/GBP exchange rate suffered today following the release of the latest Eurozone Retail Sales data for February. The figure fell by -2.9%, slightly above forecasts. Bert Colijn, the senior economist for the Eurozone at ING, explains: ‘The February increase in Eurozone retail sales was seen in most countries but driven by boosts thanks to easing relief measures. However, they are still below the 6% level seen in October 2020. ‘Given that Italy saw restrictions ease in February, h...

April 7, 2021 - Written by John Cameron GBP/EUR Exchange Rate Sinks as UK Markets Become Increasingly Cautious The Pound Euro (GBP/EUR) exchange rate fell by -0.8% today after the UK’s Services PMI for March was revised lower due to a decrease in business activity. The pairing is currently fluctuating around €1.15. Tim Moore, Economics Director at IHS Markit, commented on the data: ‘UK service providers were back in expansion mode in March as confidence in the roadmap for easing lockdown restrictions provided a strong uplift to new orders. Total business activity increased at the fastes...

February 1, 2021 - Written by John Cameron GBP/ZAR Exchange Rate Sinks as Risk-On Markets Boost Appetite for South African Rand The Pound to South African Rand exchange rate fell by -0.5% today, with the pairing currently fluctuating around R20.61. The South African Rand benefited from risk-on market mood today after silver prices hit an eight-year high. Analysts at Bloomberg explain: ‘Retail sites for silver have been overwhelmed with demand for bars and coins, suggesting the frenzy that roiled commodities markets last week is spilling over into physical assets.’ In South African economi...

EUR/GBP Exchange Rate Sinks as UK Covid-19 Vaccine Roll Out Buoys Demand for Sterling The Euro to Pound exchange rate fell this morning, with the pairing The Euro to Pound exchange rate fell this morning, with the pairing currently fluctuating around £0.88.