Bank of Canada Raises Interest Rates – 13th July 2017
Bank of Canada Raises Interest Rates - 13th July 2017 The Bank of Canada's Stephen Poloz seized the interest rate torch from the Fed's Janet Yellen on Wednesday by increasing interest rates to 0.75% while Ms Yellen's testimony to Congress made it sound as though she...
Sterling falls as North American data leads the way – 10th July 2017
Sterling falls as North American data leads the way - 10th July 2017 It wasn't actually that surprising was it that US President Trump distanced himself from other world leaders at the G20 summit in Hamburg over the weekend however, more surprising was that it had...
ECB President Draghi boosts the Euro – 28th June 2017
ECB President Draghi boosts the Euro - 28th June 2017 A speech by the ECB's Mario Draghi was the catalyst for sending the Euro to the top of Tuesday's leader board as it gained by one and a half US cents. Mr Draghi spoke of "a...
Sterling stages a comeback – 26th June 2017
Sterling stages a comeback - 26th June 2017 Sterling ended the week looking slightly more robust than when it started. The upturn was due to a combination of lower UK government borrowing and a more hawkish tone from the Bank of England chief economist on Wednesday. The...
US raises interest rates – 15th June 2017
US raises interest rates - 15th June 2017 Immediately ahead of London's opening yesterday Sterling moved higher across the board for no obvious reason and managed to hold onto these gains until just before the ONS published the UK employment data. On the plus side, the...
Time for an interest rate hike – 14th June 2017
Time for an interest rate hike - 14th June 2017 It is widely expected that the US Federal Reserve will announce a 0.25% increase in US interest rates tonight with the increase already factored into the price of the US Dollar. If the decision is "no-change" then the...
Election Impact on your Currency Transfers
Cast your mind back to May 17th 2015 and the last general election, when David Cameron was elected as Prime Minister after winning a clear majority. Mr Cameron’s success came as a big surprise as the pre-election polls predicted another hung parliament. The surprise gave...
How will election impact currencies and what can you do about it?
When Theresa May called a snap general election on 18th April 2017, Sterling was trading at 1.1750 against the Euro, at 1.2550 against the US Dollar, at 1.6540 against the Australian Dollar and at 1.7900 against the New Zealand Dollar. As news of the announcement broke...