James Baxter Senior Currency Broker T: 01442 892 062 GBP/AUD has risen around one percent over the last 24 hours after the publication of slightly lower than expected inflation numbers from Australia this morning. There are no further data releases to note from either country today so we may be in for a quiet day … Read more AUD Update – GBP/AUD rises over the last 24 hours.
Written by: Richard Beaumont T: 01442 892 060 E: [email protected] GBP/CAD falls after Trade Balance figures Today we finished the week with some much better than expected figures from Canada. The latest trade balance figures were forecast for a negative -1.0Bn but the actual numbers showed only -0.7Bn. Labour productivity was also better than expected at 0.1%. … Read more GBP/CAD falls after Trade Balance figures
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
Fed finally moves In a historic move the FOMC and Fed Chair Janet Yellen raised the base interest rate from 0.25% to 0.50%, a move which has been widely expected from investors and market commentators. Rates in the US have been at near zero since the 2008 financial crisis and raising the rate will help … Read more Fed finally moves
Written by: Kingsley Walker Currency Broker T: 01442 892071 E: [email protected] Yellen reiterates cautious tone regarding policy tightening, Carney follows suit In a response to consumer advocate Ralph Nader, Federal Reserve Chair Janet Yellen published a letter Monday reinforcing the reason interest rates have been kept at record lows since December 2007. Yellen argued that … Read more Yellen reiterates cautious tone regarding policy tightening, Carney follows suit
Written by Kingsley Walker Currency Broker T: 01442 892071 E: [email][email protected][/email] UK Manufacturing surges to 16-month high The first working day of the months brings with it a raft of manufacturing PMI data from the UK, US and Europe. The result was a fairly volatile day for sterling and a number of its counterparts, including … Read more UK Manufacturing surges to 16-month high
Written by Kingsley Walker Currency Broker T: 01442 892071 E: [email][email protected][/email] Markets await results of FOMC meeting. As the London session closes today all eyes will be on the FOMC meeting taking place this afternoon at 6.00pm UK time. Once again investors will be looking for any clues or hints of an imminent policy change … Read more Markets await results of FOMC meeting
Kingsley Walker Currency Broker T: 01442 892071 E: [email protected] GBP/USD regains lost ground after positive data In what was dubbed as the most anticipated Fed meeting in September passed by as a relative non-event. Janet Yellen stalled on a rate hike in September amid global volatility and uncertainty in the markets however, this has not … Read more GBP/USD regains lost ground after positive data
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
Written by: Kingsley Walker Currency Broker T: 01442 892071 E: [email protected] W: foremostcg.wpengine.com The impact of last week’s turmoil is still being felt across the globe as fresh concerns surrounding the Chinese economy were triggered this week as global equities struggled. Coupled with the continued fall in oil prices, the current outlook for investors is … Read more Jackson Hole positive after recent market turmoil