GBP-CAD Forecast

Written by: Richard Beaumont T: 01442 892 060 GBP-CAD Forecast April 2016 After the Sterling to Canadian Dollar exchange rates fell away at the end of last week, the GBP-CAD forecast has improved with exchange rates moving from lows of around 1.85 to highs of 1.8670, over the course of the days trading. With little … Read more GBP-CAD Forecast

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 Remains Flat

Quiet Few Weeks for GBP/AUD There hasn’t been much movement for GBP/AUD over the past few weeks, with the pair trading within a 2.5% range over the course of October. The Aussie dollar had strengthened against sterling, along with the other major commodities currencies in September, but has since been hovering just above 2.10 dollars … Read more GBP/AUD Remains Flat

China stuns markets as currency is weakened for second day in a row

Written by Associate Director David Worthington T: 01442 892089 E: [email protected] foremostcg.wpengine.com China stuns markets as currency is weakened for second day in a row A Currency War seems to be back in full swing after China’s Central bank again cut the guidance rate for the national currency just one day after the record 1.9% … Read more China stuns markets as currency is weakened for second day in a row

GBP/AUD rises to $1.90

Pound rises after volatile week The sterling/aussie cross broke through the $1.90 mark on Monday, as speculation mounts over an interest rate cut from the RBA as early as March this year – potentially followed by another in August. A surprise rate cut by the Bank of Canada last week, coupled with the ECB’s aggressive … Read more GBP/AUD rises to $1.90

GBP/AUD falls to mid $1.80s

Aussie dollar benefits from European turmoil The Australian dollar has now gained six cents against the pound over the last month, as problems in the Eurozone help push GBP/AUD lower. Both the antipodean dollars have benefitted from these issues, as investors seek higher yielding assets. Low oil prices have also had a positive knock-on effect … Read more GBP/AUD falls to mid $1.80s

GBP/AUD – Stabilises After Volatile End to the Week

GBP/AUD Settles in 1.83’s It was a quiet start to the week for the sterling/Aussie cross on Monday, with the pair trading within a fairly narrow range throughout the day. Although it was a quiet start to the week, most analysts are forecasting a period of prolonged weakness for the Australian dollar as a result … Read more GBP/AUD – Stabilises After Volatile End to the Week

GBP/CHF trading back in the range

    GBPCHF is trading back in the range after a period of consolidation following cold water being poured on to the possibility of a UK interest rate rise. All the indicators are pointing towards rates being raised above the lowest level in the last two years towards the mid to end of 2015 following … Read more GBP/CHF trading back in the range

Currency Movements

Currency Movements In just the last few weeks we have seen GBP/EUR exchange rates fluctuate from lows of 1.2440 to highs of around 1.2820. GBP/USD has seen similar movements from 1.5888 to 1.6178. To put these movements into real terms, a typical transfer of £200,000 would see a difference of €7600 or $5800 between the … Read more Currency Movements

GBP/CHF has volatile October

Yesterday, stress tests were carried out on 123 banks to test how they would react to another financial crisis. With the big four UK banks performing well, the focus was on the European banks and their ability to sustain pressure should markets start to once again collapse. Rate movement on GBPCHF has been minimal of … Read more GBP/CHF has volatile October