GBP/EUR falls for the seventh consecutive day as UK economic data releases continue to disappoint!

Written by Currency Broker Arron Morris T: 01442 892065 E: [email protected] foremostcg.wpengine.com GBP/EUR falls for the seventh consecutive day as UK economic data releases continue to disappoint! GBP/EUR fell for the seventh consecutive day yesterday after another round of weaker than forecast UK economic numbers. The currency pair fell over a cent to €1.3949 during … Read more GBP/EUR falls for the seventh consecutive day as UK economic data releases continue to disappoint!

Sterling Rises On UK GDP Figures

GBP/EUR and GBP/USD Rise After the recent volatility, yesterday was a fairly quiet day for our two most actively traded currency crosses, GBP/EUR and GBP/USD, with little volatility for either pair and only one eco-stat release of any significance. The only real data release of note was the publication of UK GDP figures for the … Read more Sterling Rises On UK GDP Figures

Fed Chair Janet Yellen comments push GBP/USD towards 8 week high

No rush for US interest rate rise During her testimony to the Senate banking committee in Washington on Tuesday, Federal Reserve Chairwoman, Janet Yellen, hinted that the Fed were not looking at rushing into raising interest rates – despite market analysts previously forecasting a mid-year rate hike for the US. The US dollar weakened on the … Read more Fed Chair Janet Yellen comments push GBP/USD towards 8 week high

Volatile week for GBP/AUD

Pound rises from AUD$1.96 to mid $1.98s It’s been a particularly volatile week for GBP/AUD with the pound dropping from AUD $2.00 to $1.96 and then climbing back up to $1.9820 (at the time of writing). The graph below shows sterling/aussie movement over the last 7 days. GBP/AUD   The release on Tuesday of the Reserve … Read more Volatile week for GBP/AUD

Sterling to Canadian dollar rates continue to rise

GBP/CAD rates threatening $1.90 Over the past week, low oil prices have continued to weigh on the Canadian dollar. The pound has risen from around $1.8550 to highs of just under $1.90 against its Canadian counterpart, the highest level we have seen since the beginning of 2009. The trend initially started after the Bank of Canada lowered … Read more Sterling to Canadian dollar rates continue to rise

GBP/AUD rises to $1.94

RBA policy loosening leaves Australian dollar on back foot Mounting speculation over an imminent interest rate cut from the Reserve Bank of Australia has led to a massive sell-off of the Australian currency, which has now dropped 11 cents against the pound in the last two weeks. Against the US dollar, the Aussie has just hit … Read more GBP/AUD rises to $1.94

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

Canadian data boosts the Loonie

Canadian data strengthens the Loonie The Loonie had a good run to end the week with Canadian data beating expectations. After the bad run from sterling, following Mr Carney’s dovish comments earlier in the week suggesting the Bank of England (BoE) would keep interest rates on hold a lot longer than previously expected, the GBP/CAD … Read more Canadian data boosts the Loonie

GBP/AUD rises after Bank of England minutes

GBP/AUD trading in the AU$1.81s The pound received a welcome boost on Wednesday morning as the Bank of England minutes showed two of the nine members of the Monetary Policy Committee (MPC) voted for an interest rate hike, despite signs the economic recovery in the UK is stagnating. As a result, GBP/AUD has risen back up … Read more GBP/AUD rises after Bank of England minutes

GBP/AUD drops below AU$1.80

GBP/AUD falls amid growing global economic fears The Sterling/Aussie exchange rate has dropped below the key AU$1.80 level over the last few days, as investors digest the Bank of England’s inflation report, as well as increased Japanese investor demand for the Aussie. The pound has struggled across the board after the UK central bank’s announcement … Read more GBP/AUD drops below AU$1.80