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Pound Drops to Lowest Since August 2013 vs. Dollar

The Great Britain pound sank today, reaching the lowest level since August 2013 against the US dollar, as UK manufacturing slowed unexpectedly by the end of the year. The data suggested that the nation’s central bank will not be in a hurry to start raising interest rates.

UK Pound Loses Ground After Confidence Report

After a good day yesterday, the UK pound is losing ground today. The latest consumer confidence report has been released and morale is down, brining the sterling down with it.

Euro’s Performance Resumes Downward Trend

Earlier, the euro saw some gains against its major counterparts. Right now, though, the euro is resuming its downward trend, losing ground to most of its major counterparts. Concern about the euro, and policy divergence, are weighing on the 18-nation currency.

Sterling Rallies with Help of Positive News from Britain

The Great Britain pound rallied today due to a positive report about the UK service industries and the upward revision of growth forecast. The currency managed to gain against almost all its most-traded peers, including the US dollar.

US Economic Indicators Remain Beneficial for Dollar

The US dollar gained against nearly all its major counterparts as US macroeconomic indicators continue to be beneficial for the currency. The Great Britain pound was among the few currencies that held ground against the greenback.

Pound Drops vs. Dollar, Holds Ground vs. Other Peers

The Great Britain pound fell against the US dollar yesterday and maintained losses today. The sterling’s performance against other currencies, including the euro and the Japanese yen, was far better.

Euro Plunges Following Draghi’s Comments

Euro is heading much lower today, plunging following the latest comments by ECB President Mario Draghi. His insistence that the ECB will do whatever it takes to stimulate the eurozone economy is driving the 18-nation currency lower today.

Eurozone PMI Data Sends Euro Lower

The latest PMI data out of the eurozone is weighing on the euro today. A reading that moved unexpectedly lower is weighing on the 18-nation currency as Forex traders contemplate continued slowed growth, even with the ECB’s efforts to boost the economy.

Yuan Weakens as Manufacturing PMI Falls

The Chinese yuan weakened today as a private indicator of nation’s manufacturing fell more than was anticipated. The gauge was at the neutral no-growth level.

NZ Dollar Follows Aussie’s Performance

Today’s performance of the New Zealand dollar was similar to that of its Australian counterpart. The currency fell at the start of the current trading session but bounced later and is trading above the opening level right now.

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