Sterling Woes Continue – 11th October 2016

Sterling Woes Continue – 11th October 2016 Sterling had another poor day yesterday, falling once again, this time by 0.3% on average with the damage being done, once again, but negative sentiment around Sterling rather than poor economic data. Sterling did manage though to avoid a hat-trick of wooden spoons as the New Zealand Dollar took that honour.

Sterling on the Ropes – 19th September 2016

Sterling on the Ropes Sterling remained on the ropes on Friday after taking a number of hits on Thursday, racking up a cumulative 1.7% loss over the two days against the other dozen most actively-traded currencies. The cause of Sterling woes was a re-emergence of Brexit worries. UK retail sales figures on Thursday were better than

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 such a day. Investors had been expecting Wednesday morning’s

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 Japan didn’t ease concerns the day before

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 not convinced and have found one reason and another

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 economic and financial stability…we will refrain from competitive devaluations

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 first half of the London session, peaking in

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 main reason for the US Dollar’s rise. 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 Dollar. Mercifully for UK holidaymakers, Sterling found some light relief

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. Ostensibly, Sterling’s upward move was the result of Tuesday

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