Euro Edges Higher on European Central Bank (ECB) Tone, US Dollar Slips as US Inflation Misses Expectations

Pound News: Sterling Static after BoE Decision Investors had little reason to move on the Pound on Thursday, as this week’s Brexit news continued to offer the British currency some support while the latest Bank of England (BoE) news had little impact. This left Sterling to be driven by the strength of major rivals instead. As was widely expected, the … Read more Euro Edges Higher on European Central Bank (ECB) Tone, US Dollar Slips as US Inflation Misses Expectations

BREAKING NEWS: Inflation jumps to 2.3%

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 BREAKING NEWS: Inflation jumps to 2.3%

Interest rates are the lowest in the Bank of England’s 322 year history

Canadian Dollar exchange rates As you will see from the Graph below the Sterling to Canadian Dollar exchange rates have taken a tumble today, making it a lot more expensive to by the Loonie. In today’s report, let’s look at what has caused these movements and what you can do minimise the damage, if you … Read more Interest rates are the lowest in the Bank of England’s 322 year history

What is moving exchange rates?

Canadian Dollar trading range bound The Sterling to Canadian Dollar exchange rates have been trading within a point range today, between 1.72 to 1.73, mid-market. With a bank holiday today in Canada, all movements are off the back of news and events from overseas. GBP-CAD graph Canadian data moving exchange rates It is a quiet … Read more What is moving exchange rates?

BoE has responsibility to communicate Brexit risks

Written by: Richard Beaumont T: 01442 892 060 BoE has responsibility to communicate Brexit risks Despite there being little data from Canada today, it is one of the most important days of the weeks for the GBP/CAD crosses. Yesterday despite the Crude Oil inventories coming in much worse than forecast, the GBP/CAD exchange rates still … Read more BoE has responsibility to communicate Brexit risks

GBP/CAD Forecasts

Written by: Richard Beaumont T: 01442 892 060 GBP/CAD Forecasts March 2016 After a disappointing day for the Canadian Dollar crosses yesterday, we saw GBP/CAD prices fall from the mid 1.88’s down to around 1.87 off the back of some impressive Canadian Manufacturing data. This couple with the Annual Budget in the UK, weakening off the … Read more GBP/CAD Forecasts

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

UK Manufacturing Slows

Written by: Richard Beaumont T: 01442 892 060 E: [email protected] UK Manufacturing down Today saw the latest UK Manufacturing and Industrial Production figure being released. These inflation numbers were closely watched, as the BoE is having a great deal of trouble raising interest rates while inflations remains around zero. They were forecast to show a flat zero … Read more UK Manufacturing Slows

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

GBP/AUD Choppy on Chinese Concerns

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Trading at 2.05 After a quiet period over Christmas and New Year, GBP/AUD has started 2016 on a choppy note as concerns over the Chinese economy continue to dictate movement in the Australian dollar. The graph below shows GBP/AUD movement over the last … Read more GBP/AUD Choppy on Chinese Concerns