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

UK interest rates won’t move but what about Canada’s?

UK interest rates will stay low for longer The “Unreliable Boyfriend” or Mark Carney as he is better known, is living up to his nick name once again. Over the course of last year the Pound rose against a basket of major currencies, including the Canadian Dollar. GBP/CAD prices peaked at 2.0940 in August last year, rising from around … Read more UK interest rates won’t move but what about Canada’s?

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

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

GBP/AUD Falls After RBA Announcement

GBP/AUD Drops to 2.12 The Australian dollar has gained significant ground over the last week as expectations for the US interest rate hike have been pushed back and the RBA announced no change to monetary policy on Tuesday. As a result, the Australian dollar has gained around 8 cents on the pound, dropping from $2.20 … Read more GBP/AUD Falls After RBA Announcement

GBP/AUD Settles Down at 2.18

GBP/AUD Finds its Feet The recent volatility in the Aussie dollar appears to have come to an end as the dust settles after the Chinese stock market scare a fortnight ago. The GBP/AUD cross has been trading in a relatively narrow range over the course of the week, trading just under 2.20. The graph below … Read more GBP/AUD Settles Down at 2.18

The US returns to work after Labour Day and the Chinese market continues to frighten the global economy

Written by: Kingsley Walker Currency Broker T:01442 892071 E:[email protected] W: foremostcg.wpengine.com The US returns to work after Labour Day and the Chinese market continues to frighten the global economy, Chinese imports in August fell 14.3% from a year ago and exports fell by 6.1%. In monetary terms this left the economy with a trade surplus … Read more The US returns to work after Labour Day and the Chinese market continues to frighten the global economy

GBP/AUD Higher After RBA Announcement

GBP/AUD Trading Above 2.17 It’s been a fairly turbulent week for the Australian dollar, weakening and then strengthening with the collapse and then stabilisation of the Chinese stock market. Over the past 24 hours, the Australian dollar has again weakened after the RBA announced overnight that they would be keeping interest rates on hold, staying … Read more GBP/AUD Higher After RBA Announcement

GBP/CAD at new highs as stocks crash

GBP/CAD at new highs We start the week with a very volatile day in the currency market on Monday, with 2% swings in the exchange rates appearing the norm. With global commodities and share prices in apparent free fall due to a China sell off, the currency markets are showing the effects as well. This has weighed … Read more GBP/CAD at new highs as stocks crash