What Month for Sterling – 31st May 2016
What month for Sterling During May Sterling has strengthened by 7.5% against the Australian Dollar, 5.5% against the Euro and NZ Dollar, 4% against the Canadian Dollar and 2.7% against the US Dollar. Every sign points towards Sterling's recovery being driven by opinion polls pointing to a...
Sterling’s Talisman again is Mark Carney – 25th May 2016
Sterling's Talisman again is Mark Carney Sterling started to move higher almost as soon as London opened yesterday and extended its lead as the morning progressed. It hesitated only slightly when the UK public sector borrowing data for April confirmed that the Chancellor's deficit reduction efforts...
Sterling Surges – 19th May 2016
Sterling Surges Wow! What a day for Sterling as aggressive buying saw the Pound strengthen by an average of 2% on the day, blowing every other currency out of the water. Among its gains were one and a half US cents, two Euro cents, three Yen...
Is the Next US Interest Rate Rise on the Horizon? – 18th May 2016
Next US Interest Rate Rise on the Horizon The Presidents of the San Francisco and Atlanta Federal Reserve, John Williams and Dennis Lockhart respectively shared a podium yesterday and whilst neither is currently a voting member of the Federal Open Market Committee, their opinions are likely...
Sterling Rebounds – 17th May 2016
Sterling Rebounds I am sure many of us have blindly followed the instructions given by sat nav's only to end up at the wrong destination, resulting over time in being less aware of our surroundings. We should therefore all have maps and know how to use...
Sterling lacks direction – 11th May 2016
Sterling lacks direction There was some movement in exchange rates yesterday but they weren't always obvious. In Sterling's case it managed an upward drift during the morning followed by an direction-less wander after lunch which, overall, was enough for Sterling to end the day in second...
Sterling Falls a Bit – 5th May 2016
Sterling Falls a Bit The idea behind Central Banks dropping interest rates into negative territory is to discourage savings and encourage spending. One could also argue that it should devalue the currency. That is the theory anyway. The ECB though has reason to be concerned that...
Leavers and the Remainers – 3rd May 2016
Leavers and the Remainers As the vote on Britain's EU membership grows closer the political battle is getting desperate with debate ranging from the issues of duty free fags and booze to the prospect of another Scottish independence referendum. All the the tit for tat however...