Sterling goes up and Sterling goes down again – 22nd May 2017
Sterling goes up and Sterling goes down again - 22nd May 2017 Sterling ended last week pretty much as it opened on Thursday however, that doesn't tell the whole story. It went up by one US cent on Thursday morning, drifted half a cent lower, plunged another...
Nothing to see here – 10th May 2017
Nothing to see here - 10th May 2017 The Australian Treasurer's budget, which he delivered yesterday, had minimal impact on the currency markets and meant that the credit ratings agencies, Fitch and Moody's, confirmed Australia's triple-A credit rating. Despite the possible downgrade to Australia's credit rating, investors were...
Sterling and the US Dollar share top spot – 9th May 2017
Sterling and the US Dollar share top spot - 9th May 2017 Sterling and the US Dollar shared top spot yesterday, strengthening by an average of 0.4% against the other dozen most actively-traded currencies. The "win" though was almost by default as there was no significant UK or...
What impact will triggering Article 50 have on Sterling and what can you do about it?
What impact will triggering Article 50 have on Sterling and what can you do about it? Ever since the polls closed and the results were announced on the 24th June we knew the UK was going to leave the UK. Yes there were some challenges along...
A quiet day for currencies – 23rd March 2017
A quiet day for currencies - 23rd March 2017 After Tuesday's burst of activity on the currency markets, Wednesday was a day when investors sat-back, took stock and sought some inspiration while the currencies seemed to do the same. There was also nothing useful among Wednesday's economic...
There could be trouble ahead – 13th March 2017
There could be trouble ahead - 13th March 2017 The US Dollar was left frustrated on Friday when the US non-farm payrolls number came in a net 54,000 more than forecast however, the frustration was due to analysts predicting an increase 190,000 in February. Because of this...
Is Sterling Undervalued? – 6th February 2017
Is Sterling Undervalued? - 6th February 2017 It wasn't a great end to last week for Sterling; on Thursday is fell due to the Bank of England Governor Mark Carney while on Friday the fall was due to the services sector of the UK economy. Since Thursday's...
Little effect on exchange rates – 30th January 2017
Little effect on exchange rates - 30th January 2017 Teresa May's visits to the US and Turkey and the President Trump's travel ban on Muslim countries have had very little effect on exchange rates. In the Far East this morning the first reaction to Mr Trump's travel...