GBP/USD currency pair slipping

GBP/USD drops after weak UK data The GBP/USD cross has fallen nearly a cent over the course of today’s trading session, with the currency pair slipping from $1.3023 to $1.2933. Sterling lost ground across the board after weaker than forecast data from the UK’s manufacturing sector, with the purchasing managers index (PMI) coming in at … Read more GBP/USD currency pair slipping

GBP/USD pushing back towards $1.30

The past forty-eight hours has been nothing but positive for the GBP/USD cross, with the currency pair currently trading around three cents higher than on Tuesday morning. After falling to $1.2707 the pound has been steadily rising and is now back within touching of the $1.30 barrier. GBP/USD graph Why has the pound risen? Although … Read more GBP/USD pushing back towards $1.30

Will Sterling Ever Stop Falling

Sterling/Euro Peaked this week on Thursday, prior to the bank of England Interest rate decision and the low coming moments after the rate cut was announced. Within two hours purchasing €300,000 would have become almost £4,000 more expensive. GBP/EUR and GBP/USD What’s Been Moving Sterling Crosses The continuing effects of post-brexit Britain is still weighing … Read more Will Sterling Ever Stop Falling

GBP/AUD Choppy over Referendum Fears

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Trading at 1.95 The GBP/AUD has been pretty volatile this week as concerns over the outcome of the EU referendum, and choppy trade for the commodities currencies, has pulled GBP/AUD around like a currency tug o’war. The graph below shows GBP/AUD movement over … Read more GBP/AUD Choppy over Referendum Fears

GBP/AUD Falls to 9-Month Low

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Drops to 1.95 Monday saw the pound drop to its lowest level in 9 months against the Australian dollar, suffering its worst daily loss in 6 years. The GBP/AUD had been trading comfortably above $2 for most of last year but has recently … Read more GBP/AUD Falls to 9-Month Low

GBP/AUD Falls as Stock Markets Rally

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Drops as AUD Strengthens The Australian dollar has strengthened over the last few days as the global stock market rally has improved risk appetite, with investors moving away from traditional safe-havens and into higher yielding currencies; the Aussie dollar being one of them. … Read more GBP/AUD Falls as Stock Markets Rally

GBP/AUD Falls After Bank of England Inflation Report

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Falls to 2.02 The pound dropped fairly significantly against most of its main counterparts on Thursday after a more dovish than expected quarterly inflation report from the Bank of England. Against the euro, the pound dropped back into the 1.20’s and had dropped … Read more GBP/AUD Falls After Bank of England Inflation Report

Long term Canadian Dollar forecast

This weeks data effecting exchange rates This week has been slow to kick off for the GBP/CAD exchange rates, with only some minor releases moving the markets Monday and Tuesday. Wednesday brings a speech by MPC member Shafik and some house price data from the UK. The most important release will be from the US, in the form of Crude … Read more Long term Canadian Dollar forecast

Manufacturing disappointing for Sterling

We have seen a great deal of volatility over the past week in the GBP/CAD exchange rates and it does not look like that is changing any time soon. Sterling to Canadian Dollar rates have been trading between 2.045 and 2.075 over the last seven days. To put this into real terms, a typical transfer of … Read more Manufacturing disappointing for Sterling

GBP/AUD Rises Further as China Wobbles

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Rises to 2.08 The Australian dollar has continued to fall against most of its major counterparts as the economic situation in China appears to be deteriorating. The Chinese had to suspend trading on their stock market on Thursday for the second time in … Read more GBP/AUD Rises Further as China Wobbles