Next Week’s Menu: February 27 – March 5, 2021

Central Banks: Monetary policies will be reviewed in Australia, Sri Lanka, Malaysia, Ukraine and Poland. New York Fed President Williams speaks publicly, and the Fed Beige Book of U.S. regional economic conditions will be published. Holiday: In South Korea, Independence Day falls on Monday. Purchasing Manager Surveys: Surveys covering manufacturing, service sector activities, and construction […]

* This article was originally published here

GBP to USD Rises Ahead of UK Lockdown Exit Plan Announcement

GBP/USD Exchange Rate Heads Higher on UK Covid Vaccine Optimism The Pound to US Dollar exchange rate rose by 0.2% today ahead of the unveiling of Prime Minister Boris Johnson’s lockdown exit plan. The pairing is currently trading around $1.40. Boris Johnson is also expected to highlight new data that shows that...

* This article was originally published here

Pound Australian Dollar Rate Shakes off Higher UK Unemployment

Pound (GBP) Exchange Rates Strengthen in Spite of Rising UK Unemployment Rate The Pound to Australian Dollar (GBP/AUD) exchange rate strengthened in spite of an increase in December’s UK unemployment rate. Although unemployment picked up from 5% to 5.1% at the end of 2020 this was not enough to drag the Pound...

* This article was originally published here

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Sinks as UK Economic Jitters Return

GBP/CAD Exchange Rate as UK Markets Become More Cautious The GBP/CAD exchange rate fell by -0.2% today, with the pairing currently fluctuating around CA$1.76. Sterling fell today as concerns for the UK economy have returned, despite Downing Street’s outline of its lockdown exit plan earlier this week. Today also...

* This article was originally published here