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Currency News

AUD currency update: better than expected retail sales figures strengthens the pound

Written by James Baxter on Friday, March 24, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / AUD

James Baxter Senior Currency Broker T: 01442 892 062 GBP/AUD rose around half a cent yesterday after better than expected retail sales figures strengthened the pound across the board, pushing GBP/AUD above 1.64. There are no significant data releases from either country today so we may be in for a quiet end to the week….(read more)

NZD currency update: Kiwi dollar weakens after poorer than expected Trade Balance figures

Written by Joe Mayhew on Friday, March 24, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / NZD

Written by: Joe Mayhew Senior Currency Broker T: 01442 892 069 The Kiwi dollar continued to weaken against its counterparts yesterday aided by poorer than expected Trade Balance figures. This figure saw a deficit of $18m NZD for February when analysts had been expecting a rise of $160m. EUR/NZD has risen from 1.53 to 1.5390…(read more)

Sterling Rallies after Stronger UK Data

Written by Joe Mayhew on Friday, March 24, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / EUR

Written by: Joe Mayhew Senior Currency Broker T: 01442 892 069 The pound rallied against a basket of its counterparts yesterday after better than anticipated Retail Sales figures. These were expected to measure at 2.6%, however, they actually rose to 3.7%. Reputable media outlets like Daily Express were jumping for joy espousing reliable messages such…(read more)

AUD currency update: Pound continues to strengthen following higher than expected inflation numbers

Written by James Baxter on Thursday, March 23, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / AUD

James Baxter Senior Currency Broker T: 01442 892 062 GBP/AUD rose yesterday as the pound continued strengthening following the higher than expected inflation numbers from the UK on Tuesday morning. It’s now widely expected that the Bank of England will need to begin tightening monetary policy in an effort to combat rising prices. In fact,…(read more)

Terrorist Attacks, Article 50 and Retail Sales Figures

Written by Samuel Roberts on Thursday, March 23, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / EUR

Written by: Samuel Roberts Currency Broker T: +44(0)1442 892 060 Yesterday afternoon, an attack took place in London around the Parliament buildings. The thoughts and condolences of all of us here at the Foremost Group go out to all of the families and friends of those affected by this terrible tragedy. Unfortunately, these are just…(read more)

GBP/USD loses ground

Written by Arron Morris on Wednesday, March 22, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / USD

Written by Arron Morris Senior Currency Broker T: 01442 892 065 The pound/dollar exchange fell by nearly three quarters of a cent today, leaving the currency pair trading at $1.2430 this afternoon. Sterling dipped as speculation over future rate hikes from the Bank of England cooled, with investors’ attention switching back to Brexit and the…(read more)

AUD currency update: Pound makes significant gains

Written by James Baxter on Wednesday, March 22, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / AUD

James Baxter Senior Currency Broker T: 01442 892 062 GBP/AUD has risen over one percent over the last 24 hours as the pound has made significant gains across the board. Higher than expected inflation numbers from the UK yesterday have fuelled speculation that the Bank of England may soon have to raise interest rates to…(read more)

NZD currency update: GDT Price Index

Written by Joe Mayhew on Wednesday, March 22, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / NZD

Written by: Joe Mayhew Senior Currency Broker T: 01442 892 069 The Kiwi dollar had a mixed session yesterday evening against a number of its counterparts. The GDT Price Index was published last night which showed an improvement with growth at 1.7%; better than the prior -6.3% drop. The GDT Price Index measures the Price…(read more)

BREAKING NEWS: Inflation jumps to 2.3%

Written by Alastair Archbold on Tuesday, March 21, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / EUR

Written by: Alastair Archbold FX Manager T: 01442 892 066 UK inflation figures have just been released, showing that the annual CPI reading was 2.3%, a little higher than expected and above the 2% target at which the Bank of England would normally raise interest rates. Following on from last week’s BoE minutes, the markets…(read more)

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