Sterling is not for the faint hearted – 15th Sterling 2016
Sterling is not for the faint hearted Trying to make money from buying and selling Sterling is not for the faint hearted. The most uncontrollable of currencies has a history of doing the unpredictable and coming back to bite the hand that feeds it. Yesterday was...
Have Central Banks run out of Ammunition? – 12th September 2016
Have Central Banks run out of Ammunition? The European Central Bank induced some nervousness amongst financial markets on Thursday when it failed to announce any expansion of its quantitative easing programme. Equity prices fell as investors questioned if central banks have run out of ammunition. The Bank of...
Does the Fed have the Mettle? – 7th September 2016
Does the Fed have the Mettle? Federal Reserve chiefs have dropped multiple hints of an interest rate increase this year with many economists expecting a rise in December; futures markets suggest there is a 61% chance of a hike in December. Investors on the other hard are...
Can UK PMI’s complete the Treble? – 5th September 2016
Can UK PMI's complete the Treble? China hosted it's first G20 meeting over the weekend in the city of Hangzhou and there was some interesting rhetoric released by finance ministers and central bankers. "Excess volatility and disorderly movements in exchange rates can have adverse implications for...
More Profit Taking, More Sterling Gains – 25th August
More Profit Taking, More Sterling Gains Sterling put in another good performance yesterday and it had nothing to do with any UK economic data or news. The catalyst again yesterday was further profit taking which is happening so smoothly for Sterling. After a hesitant start yesterday Sterling pushed up during the...
Sterling Leads the Way – 24th August 2016
Sterling Leads the Way The US Dollar had a pretty good day, strengthening by half a cent against the Euro, following strong data for US new home sales which rose by 12.4% in July. It was the biggest monthly increase in nearly three years but it wasn't the...
Sterling rises briefly on Retail Sales – 22nd August 2016
Sterling rises briefly on Retail Sales - 22nd August 2016 Team GB finished a fantastic second in the medal table at the Rio Olympics only behind the US; during the same two weeks, Sterling finished second bottom against the most actively traded currencies ahead of the Australian...
Sterling Goes from Zero to Hero – 17th August 2016
Sterling Goes from Zero to Hero Sterling soared yesterday, swapping places with the South African Rand, to go from Monday's Zero to Tuesday's Hero and vice versa. Sterling went up by 2.4% against the Rand and by nearly 1% against the other dozen most actively-traded currencies....