In what was a relatively quiet start to the week the last couple of days have seen some movement in the market and has perhaps raised questions as to whether fortunes may have changed for GBP. Yesterday saw a change in recent trends as we saw both the USD and EUR fight back against the […]
During a quiet week for the most traded currencies (GBP, EUR and USD), today we focus on the Antipodean currencies: the Australian and New Zealand Dollars. Which way have their exchange rates been heading, and why? Those of you looking to transfer money down under, perhaps for emigration later in the year or just to […]
Yesterday saw the Pound lose ground as the effects of Wednesday’s Bank of England minutes filtered through foreign exchange markets. Mark Carney’s band of merry men (and women) seem reluctant to give any support to interest rate rise sentiment, with a ‘will they, won’t they?’ see-saw giving us a stronger Pound one minute and a […]
Yesterday was a fairly quiet day for UK and EU data which meant markets had little to go on. The day started early with some Swiss releases where we saw trade balance come in drastically under forecast. This paved the way for weakening and we saw sterling make steady gains all day. With the Swiss […]
In what was a very quiet day in the way of data yesterday we saw as expected the pound lose ground across much of the board, most noticeably against USD and EUR. Throughout the days trading by close of play GBP had lost around 25 pips against the single currency and nearly 50pips against the […]
Yesterday was another good day for the pound and the UK economy as we saw inflation figures (the cost of goods and services we buy on a monthly basis) released in the morning showing a sharp jump in the rate of inflation here. An expected reading of 1.6 percent was smashed as it came in […]
There was very little news of note yesterday for the currency markets, as the Pound drifted slightly lower again against both the Euro and US Dollar, to continue the pattern of recent days. Today we have crucial inflation figures released at 9.30am. June’s CPI figures are expected to be around 1.6%, anything lower being likely […]
Last week’s trading saw sterling battling with ceilings of resistance as traders become more and more reluctant to buy the pound any further. Particularly in light of the poor data releases last week we in fact saw GBP exchange rates begin to fall from their multi year highs and showing all the signs of a […]
Wednesday was a pretty quiet day for the markets with very little in the way of data for traders to go on. Early doors the pound lost value across the board following the release of the Halifax house price figures which came out under expectation showing negative growth for last month. From a 4 percent […]
A fairly uneventful week draws to a close today, with very little data due at all and certainly nothing of any note. We have already had German CPI inflation out this morning, which came out exactly on expectations and barely caused a ripple in the currency market pond. While there has been little news of […]
This week’s trading opened with the pound being sold from its peak rates seen last week. With an absence of any UK data to bolster the pound’s value, traders took this opportunity to take profits from the highs seen last week, supporting the view that we may have found the short term peak against the […]
The Pound fell back during yesterday morning’s trading, after UK manufacturing and industrial production data showed a surprise fall. Manufacturing growth, which has been a cornerstone of the UK’s economic recovery, fell in May from 5.6% to 3.7%, against expectations of a fall to 4.4%. While the figures still show growth, the pace has slowed […]