#GBP hits the front while the #AUD lags behind – 11th August 2015
After ending last week at the bottom of the pile, Sterling has moved to the top, accompanied by the Canadian Dollar while Sterling's spot at the bottom has been taken by the Australian Dollar (cricketing similarities??). Overnight, the People's Bank of China (PBOC) surprised financial markets...
PMI data fails to inspire – 4th August 2015
Question: What is it that sends financial markets lower? Answer : Selling currencies, stocks and share yes but not always as yesterday's example demonstrates. Within minutes of the Athens stock market opening yesterday for the first time in five weeks stock index had fallen 23%. The reason...
Has Sterling peaked against the Australian Dollar? GBP/ AUD Update 4th August 2015
In the last Sterling/ Australian Dollar update back in July, I made reference to Sterling reaching a 6-year high against the Aussie Dollar at GBP/AUD 2.09. As you can see from the graph above, Sterling has hit GBP/ AUD 2.15 which is the highest level...
#EUR and #NZD have good days while UK #GDP holds key to #GBP today – 28th July 2015
It was the Euro yesterday that had a good day after all three IFO measures of German business confidence surprised investors by coming in ahead of forecast and better than the previous month. Despite the positive figures, the Euro had already strengthened by a cent...
Confidence evaporates as commodity currencies suffer – 27th July 2015
Friday's big mover was the South African Rand which fell by 1% to a fresh all-time low with £1 Sterling worth R19.72 at it's peak. The move was linked to continued weakness for gold and commodity prices and a feeling amongst investors that the South...
Sterling rebounds while RBNZ cuts interest rates – 23rd July 2015
Pretty much every analyst around the world expected the Reserve Bank of New Zealand to cut its official cash rate to 3% this morning and, it did. The response of investors to the Reserve Bank of New Zealand's rate cut was rather surprising as the...
Sterling stalls as markets expect a rate cut by the RBNZ tonight – 22nd July 2015
Sterling would have ended up at the bottom of the pile yesterday had it not managed to end the day up by a dozen ticks against the US Dollar. Everywhere else it was down by an average of 0.6% with it's biggest decline against the...
#GBP gains 3.5% on the #EUR last week – 20th July 2015
Greek citizens in Greece will be pleased to hear they can now take out more money from their bank account; €420. But hang on a minute, they are only allowed to take out €420 a week which works out...