The Pound rallied this week as hawkish Bank of England (BoE) comments and strong PMI results boosted the UK currency. Meanwhile, the US Dollar continued to weaken as markets bet on interest rate cuts from the Federal Reserve and the market mood improved. Pound Rallies as UK Service Sector Activity Expands GBP/EUR – Up one … Read more Pound Climbs following Hawkish BoE Comments, US Dollar Declines as Markets Rethink Fed Bets
The Pound fell this week as downbeat UK data raised concerns about the country’s economic health. Meanwhile, the Euro dropped as the European Central Bank (ECB) left interest rates unchanged. Pound Declines amid Weak Economic Data GBP/EUR – Unchanged on the week’s opening levels GBP/USD – Down half a cent on the week’s opening levels … Read more Euro Tumbles as ECB Pauses Rate Hiking Cycle, Pound Weakens amid UK Economy Fears
James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Drops to 2.05 The Australian dollar has continued its impressive run against the pound after the release of better than expected Australian GDP figures and an upbeat speech by the president of the Reserve Bank of Australia, Glenn Stevens. The graph below shows … Read more GBP/AUD Falls After Better GDP Figures
Friday 6th March 2015 Choppy day for Sterling/Euro Yesterday was a fairly volatile day for our most actively traded currency cross, with the single currency gaining around half a percent against the pound before losing ground to end the day in the mid €1.38s (at interbank). Against the dollar, sterling gradually lost ground over the … Read more Choppy day for Sterling/Euro
Yesterday’s announcement from the Bank of England (BoE) did little to strengthen the pound against the Swiss franc, as they once again voted to keep interest rates unchanged – this time with all nine members in favour of maintaining the status quo. Martin Weale and Ian McCafferty had previously opposed keeping rates low, however concerns about … Read more Bank of England keeps interest rates low and ECB introduce QE
ECB to announce extended QE soon? The first full week of trading in 2015 has been completed and we have learned slightly more about the intentions of the European Central Bank (ECB). Reports were released last week that staff from the ECB have presented policymakers with various quantitative easing (QE) options, with as much as … Read more GBP/EUR and GBP/USD currency forecast
Sterling Struggling Ahead of Scottish Referendum – GBP/AUD Falls The pound has been on the back foot for the past two weeks as concerns over the outcome of the Scottish independence vote have been weighing heavily on sterling. The UK currency has lost considerable ground against most of the majors and has now lost … Read more GBP/AUD Falls to 1.75
Sterling unable to hold onto fresh highs. As the UK enjoyed its hottest day of the year on Friday the same could not be said for the pound. Despite a quiet day for economic data releases Sterling slipped from the fresh highs we witnessed at the beginning of last week as investors wound up their … Read more Sterling unable to hold onto fresh highs.
GBP/EUR exchange rates climb to 1.26 and reach fresh high following Mario Draghi speech. Thursday was another difficult day for the Eurozone and the single currency as the Euro lost even more ground against the pound. Following comments from ECB (European Central Bank) President Mario Draghi GBP/EUR exchange rates rose to their highest levels since … Read more GBP/EUR exchange rates climb to 1.26 and reach fresh high following Mario Draghi speech.