GBP/USD Unable to hold gains

GBP/USD breaks $1.30 but is unable to hold onto the gains. The pound continued to rise against the dollar overnight, with the GBP/USD cross hitting $1.3029, the highest we have seen the currency pair since the 22nd May. However, over the course of today’s trading session the pound has given up some of the gains, … Read more GBP/USD Unable to hold gains

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

GBP/USD regains some lost ground

Written by Arron Morris Senior Currency Broker T: 01442 892 065 After falling one per cent against the dollar yesterday the pound staged a mini recovery over the course of today’s trading session. In the build up to Bank of England Governor Mark Carney’s testimony in front of the House of Lords Economic Committee yesterday … Read more GBP/USD regains some lost ground

AUD Currency Update: Dollar makes gains against counterparts

James Baxter Senior Currency Broker T: 01442 892 062 GBP/AUD exchange rate graph The Aussie dollar made gains on a number of its counterparts yesterday evening after better than anticipated Consumer Price Index readings. The expected figure, 0.4% was beaten by a 0.7% read and saw the Aussie dollar move from 1.60 to lows of … Read more AUD Currency Update: Dollar makes gains against counterparts

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

Canadian Manufacturing continues to drag the Loonie down

Canadian Manufacturing bringing the Loonie down Monday bought further woes to the Canadian Dollar as the latest round of manufacturing data was released. Canada has been on the back foot recently and  although low Oil and energy prices have been the main cause of the loony’s decline, the Manufacturing sector has been adding to the countries woes. … Read more Canadian Manufacturing continues to drag the Loonie down