Sterling fails to hold onto gains from UK manufacturing PMI – 4th January 2017

  Sterling fails to hold onto gains from UK manufacturing PMI – 4th January 2017 It was a positive start to 2017 as share prices went higher and economic data around the world painted a generally positive picture. On the currency markets, any movement was modest with the US and Australian Dollars tied for the

New Oil Deal to Fuel Inflation – 12th December 2016

  New Oil Deal to Fuel Inflation – 12th December 2016 As the Far East markets opened this morning, the price of oil jumped 4.5% following news of bigger-than-expected production cuts, especially by Saudi Arabia. Today also marks the first day in the job for two new Prime Ministers, Paolo Gentiloni in Italy and Bill English New

Let’s just blame Brexit – 29th November 2016

Let’s just blame Brexit Yesterday morning at 9.30am Sterling fell by half a cent against the US Dollar. There was no data or news to act as the catalyst for the decline. So what was the cause? Let’s point the finger at Brexit. Pretty much everything else is blamed on Brexit nowadays! In reality, Sterling’s

Sterling Wobbles

Sterling Wobbles Sterling had a great day on Wednesday last week when the Chancellor’s Autumn Statement did nothing to harm to pound. It breezed through Thanksgiving and but came a bit of a cropper on Black Friday. Whilst’s there was little data to support Sterling’s gains during the middle of the week, there was very little to

The Yellen Opinion

Although the US dollar only managed third place on Wednesday its trade-weighted value reached a 13-year high. Some say the dollar’s strength casts doubt on a Federal Reserve rate increase next month but many feel that there will be a positive outcome. One argument against a rate hike is that the strengthening of the dollar

Sterling’s gains last week due to High Court Ruling – 7th November 2016

  Sterling’s gains last week due to High Court Ruling – 7th November 2016 Politics and politicians had the biggest impact on currencies toward the end of last week and during the weekend. In Sterling’s case it was the judges decision to involve Parliament in the Brexit process, which is a mixed blessing for Brexiteers.

Safe Haven Currencies in the Lead – 2nd November 2016

Safe Haven Currencies in the Lead – 2nd November 2016 Yesterday the possibility that there will be President Trump looked closer as a Washington Post opinion poll gave Donald Trump a 46-45 lead over Hillary Clinton. As anyone who followed Britain’s EU referendum will recall, opinion polls are not always a reliable guide to election

UK GDP Grows in Q3 – 27th October 2016

UK GDP Grows in Q3 – 27th October 2016 Sterling had a relatively good day yesterday and recovered to pre-Carney speculation territory against the US Dollar that we had seen on Tuesday. The main driver being comments from a government minister confirming that both houses of parliament would be able to examine any potential new

Has Donald Trumped himself? – 20th October 2016

Has Donald Trumped himself? – 20th October 2016 In last night’s Presidential race Donald Trump failed to agree that he will accept the result of the November 8th election. Although he did not say absolutely that this was his position, it didn’t go down well with Republicans or Democrats, enabling Clinton to take the lead in

Another false dawn for Sterling? – 19th October 2016

Another false dawn for Sterling? – 19th October 2016 So far this morning, Sterling has had a little rally however, don’t get too carried away there have been several false dawns of late. This time last week, Sterling had had a good day against the Euro and US Dollar, gaining half a cent on the

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