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

GBP/AUD Falls After Bank of England Inflation Report

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Falls to 2.02 The pound dropped fairly significantly against most of its main counterparts on Thursday after a more dovish than expected quarterly inflation report from the Bank of England. Against the euro, the pound dropped back into the 1.20’s and had dropped … Read more GBP/AUD Falls After Bank of England Inflation Report

Jackson Hole positive after recent market turmoil

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

Markets rejoice after a disastrous start to the week

Written by: Kingsley Walker Currency Broker T:01442 892071 E: [email protected] W: foremostcg.wpengine.com Markets rejoice after a disastrous start to the week and stock markets from Asia to US rose following positive data from the US. With the effects of black Monday seemingly fading the FTSE 100 rose and recouped all of the losses that it … Read more Markets rejoice after a disastrous start to the week

China and Greece Dominate Headlines

Written by Senior Currency Broker James Baxter T: 01442 892062 E: [email protected] foremostcg.wpengine.com China and Greece Dominate Headlines In terms of actual market movement, yesterday was a fairly quiet day for our two most actively traded currency pairs, GBP/EUR and GBP/USD. GBP/USD ended the day where it started and the euro managed to gain around … Read more China and Greece Dominate Headlines

ECB Weigh-In on Eurozone

Written By Kingsley Walker GBP Gains Against USD and EUR Barclays posted a 25% increase in half year profits yesterday to the value of £3.1bn, however, set aside a further £850 million for customer compensation. Considering the recent run of bad press many were surprised by the figures. Sterling gave us the second surprise of … Read more ECB Weigh-In on Eurozone

Greece Thrown Final Lifeline

It was a fairly quiet end to last week for our most commonly traded currency pair, GBP/EUR, with the cross remaining in a tight range for most of the day. It was a different story for GBP/USD however, as the US currency lost nearly one percent to the pound. Optimism over the potential for an … Read more Greece Thrown Final Lifeline

Quiet End to Week with All Eyes on Euro Summit

It was a fairly subdued end to last week with little economic data of note and markets remained rangebound as a result. Those of you following the currency markets will know that most recent movement has been the result of news from Greece and the progress of their negotiations with the International Monetary Fund and … Read more Quiet End to Week with All Eyes on Euro Summit

Europe kicks can down the road

Greek debt crisis on hold for four months Tensions ran high last week as everyone eagerly awaited an answer to one of the most pressing questions posited in recent memory: Who killed Lucy Beale? After finally finding out that the little chap was the culprit, those of us in the financial world were left wondering … Read more Europe kicks can down the road

Sterling trumps counterparts after run of good data

Pound makes gains as wage growth continues Data released yesterday helped to dismiss underlying concerns that the UK economy was slowing down and suffering a knock-on effect from the situation in the eurozone. The day kicked off with average earnings, claimant count change and unemployment rate releases all improving on forecasts. Wage growth in the … Read more Sterling trumps counterparts after run of good data