Hopes for higher US interest rates dashed – 17th March 2016
Hopes for higher US interest rates dashed In yesterday's budget, George Osborne did a reasonably good Robin Hood impression, taking from rich companies to give to poorer ones and hitting the manufacturers of sugary drinks with a tax that will generate £520m for the Treasury in 2018....
Opinion Polls Send Sterling Lower – 16th March 2016
Investors reacted to two UK opinion polls yesterday by selling Sterling on the basis that a Brexit is negative for the UK and therefore Sterling. The main one sponsored by a national newspaper, gave the leave vote a narrow edge of 49% compared to the...
5 ways to make more money…from FX trades
March 15, 2016 - Every business buying or selling currency needs to read this. Our fool proof ‘Top 5 Must Do’s’ to make foreign currency work harder for business. Cost savings, time savings and efficiency 100% guaranteed. Must do # 1: Agree a Pricing Structure For years companies had...
Sterling carried higher by the Euro – 14th March 2016
Sterling carried higher by the Euro We must spend more. That was the conclusion reached by the European Central Bank on Thursday. As well as cutting interest rates from -0.3% to -0.4% and lower the refinancing rate to 0%, the ECB also said it would increase...
ECB Policy Decision Today – 10th March 2016
ECB Policy Decision Today Forecasting movements in exchange rates has always been and always will be incredibly difficult. Forecasting the results of economic data releases is marginally easier and yesterday was one of those days when analysts got it right and they got it wrong. The forecasters...
Sterling v Australian Dollar Update – 9th March 2016
Sterling v Australian Dollar Update Sterling continues to slide as political and economic uncertainty continues It feels as though Sterling has only really started falling in the last two weeks, ever since the announcement of a referendum by David Cameron on Britain’s membership of the EU however,...
US jobs data presents a conundrum to investors – 7th March 2016
US jobs data presents a conundrum to investors Ahead of the US jobs report on Friday afternoon, investors' may well have been pondering how can average be falling when unemployment is at an 8-year low. More people in work inevitably means there are more people earning...
Sterling goes down the elevator – 29th February 2016
Sterling goes down the elevator A few years ago it was observed that Sterling "goes up the stairs and down the elevator" by the Head of Forex at Barclays, essentially illustrating when investors decide en masse to sell Sterling, they do it quickly and with purpose. It took...