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 cent and then recovered. All of that left

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 pretty relaxed. The volatility index, known as “the

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 US economic statistics to support either currency. That is

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 the way but now the day is coming that

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 statistics for investors to get their teeth into.

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 there was a negative reaction to what were, in

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 open, Sterling has dropped by an average of 1.5%.

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 ban was to favour the safe-haven Yen, Euro and

A quiet day in the end for Sterling – 25th January 2017

A quiet day in the end for Sterling Despite the furore and media frenzy surrounding the Supreme Court ruling on Brexit, it was actually a quiet day in the end for Sterling. For the second time in a week the Government’s artful management of market expectations allowed Sterling to emerge unscathed from a potentially volatile situation.

Sterling held it’s ground – 19th January 2017

  Sterling held it’s ground After Tuesday’s strong performance by Sterling, it wouldn’t have been much of a surprise had Sterling given back some of those gains yesterday however, that didn’t happen and Sterling held it’s ground end the day more or less unchanged. Even the UK employment data failed to shift Sterling. There was

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