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Currency News

Sterling rises against the dollar

Written by Arron Morris on Friday, June 23, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / USD

Written by Arron Morris Senior Currency Broker T: 01442 892 065 The GBP/USD cross has risen to $1.2740 this morning, with the currency pair gaining around half a per cent since yesterday evening. The pound started to rise after BoE policymaker Kristen Forbes stated “lift off UK interest rates should not be delayed any longer”…(read more)

AUD currency update: GBP/AUD rises after Kristin Forbes suggests an urgent interest rate hike

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

James Baxter Senior Currency Broker T: 01442 892 062 GBP/AUD has risen modestly overnight as Kristin Forbes, one of the 8 members of the monetary policy committee, suggested that the Bank of England needs to ‘urgently’ begin raising interest rates to tackle rising inflation. As a result, the pound has gained ground across the board….(read more)

NZD currency update: no Kiwi annoucements overnight

Written by Joe Mayhew on Friday, June 23, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / NZD

Written by: Joe Mayhew Senior Currency Broker T: 01442 892 069 There were no Kiwi announcements issued overnight and, as such, the New Zealand dollar had a mixed session against it counterparts. Versus the pound NZD remained with a range between 1.7410 and 1.75 and, against the euro, from 1.5330 to 1.5375. This coming Monday…(read more)

12 Months on, Another Tough Week for the Pound

Written by Jimi Boake on Friday, June 23, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / EUR

Written by: Jimi Boake Currency Broker T: 01442 892 060 Today is the one-year anniversary of the referendum vote and it’s been a bumpy ride for the pound. Following the vote, Cameron resigned, May became Prime minister, the Lisbon treaty was triggered and the conservatives lost their house majority, now looking to form some kind…(read more)

Sterling starts to give up gains

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

Written by Arron Morris Senior Currency Broker T: 01442 892 065 Yesterday afternoon saw the GBP/USD cross rise over a cent against the dollar, with the currency pair briefly breaking the $1.27 barrier. The pound rose across the board following the Queen’s speech and comments from the Bank of England’s Chief Economist Andy Haldane. Mr…(read more)

NZD currency update: Wheeler suggests RBNZ won’t raise interest rates

Written by Joe Mayhew on Thursday, June 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 experienced some volatility against its counterparts overnight after the Reserve Bank of New Zealand published their interest rate decision. The Governor of the RBNZ, Graeme Wheeler, dismissed the Kiwi’s recent gains; claiming “Monetary policy will remain accommodative for a considerable period” suggesting…(read more)

AUD currency update: MPC cause movement in sterling

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

James Baxter Senior Currency Broker T: 01442 892 062 GBP/AUD rose around one percent yesterday after one of the eight members of the Monetary Policy Committee, Andy Haldane, said that he was likely to vote in favour of an interest rate hike at the Bank of England’s next policy meeting. As a result, the pound…(read more)

Wednesday’s GBP/USD exchange rate update

Written by Arron Morris on Wednesday, June 21, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / USD

Written by Arron Morris Senior Currency Broker T: 01442 892 065 The GBP/USD cross was trading at $1.2607 this morning, after the pound lost around a cent and a half against the dollar after Mark Carney’s speech at Mansion House yesterday. The Bank of England Governor stated that “now is not the time to increase…(read more)

AUD currency update: GBP/AUD falls as pound weakens

Written by James Baxter on Wednesday, June 21, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / AUD

James Baxter Senior Currency Broker T: 01442 892 062 GBP/AUD fell around one cent yesterday as the pound weakened across the board after Mark Carney poured cold water on speculation that the Bank of England may soon have to raise interest rates to combat rising inflation. There are no data releases scheduled from either country…(read more)

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