GBP/CAD Forecasts

Written by: Richard Beaumont T: 01442 892 060 GBP/CAD Forecasts March 2016 After a disappointing day for the Canadian Dollar crosses yesterday, we saw GBP/CAD prices fall from the mid 1.88’s down to around 1.87 off the back of some impressive Canadian Manufacturing data. This couple with the Annual Budget in the UK, weakening off the … Read more GBP/CAD Forecasts

Yellen reiterates cautious tone regarding policy tightening, Carney follows suit

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

Fed keeps the markets guessing

Kingsley Walker Currency Broker T: 01442 892071 E: [email protected] Last Thursday the markets waited in anticipation for the announcement that the Fed will change their stance in monetary policy, however, they kept the markets guessing. Once the dust had settled we were left in the same position leading up to what was dubbed the most … Read more Fed keeps the markets guessing

Will the FED raise rates in September?

Will the FED raise rates An FOMC meeting was held yesterday evening with the main focus being on any hints or mentions of when they would be raising interest rates. All eyes and ears were on Janet Yellen and what her and her committee may give as to when the US may rise its base … Read more Will the FED raise rates in September?

Yellen’s speech causes market stability

Markets stabilise following Yellen’s speech Yesterday afternoon saw the pound lose ground against both its major counterparts following short lived gains courtesy of FED chairwoman Yellen’s speech on Wednesday evening.  The gains can be attributed mainly to one sentence in which Yellen stated that the FED would not be impatient in its views regarding raising … Read more Yellen’s speech causes market stability

‘Britain, The Come Back Country’: Osborne delivers 2015 Budget

‘Britain, The Come Back Country’: Osborne delivers 2015 Budget George Osborne delivered his 6th and possibly most important Budget to the commons yesterday, 50 days out from what is shaping up to be the most unpredictable general election in living memory. From many quarters it was seen as a prudent yet safe budget but the … Read more ‘Britain, The Come Back Country’: Osborne delivers 2015 Budget

Sterling reaches highest level against the Euro since November 2007

Thursday 12th March 2015 Sterling reaches highest level against the Euro since November 2007 Yesterday started off exactly where Monday had ended with the Euro losing more ground against the Pound. The mid-market opened at 1.4050 after starting the week at 1.3870 and even woeful UK manufacturing figures at 09:30 (-0.5% actual against 0.2% forecast) … Read more Sterling reaches highest level against the Euro since November 2007

GBP-USD drops after Fed interest rate decision

GBP-USD drops after Fed interest rate decision The Federal Open Market Committee (FOMC) concluded its meeting last night at 6pm with the winding down of their asset purchasing programme. Even though almost all investors were anticipating this outcome, the dollar still gained in strength. The US have been purchasing vast assets with a view of … Read more GBP-USD drops after Fed interest rate decision

Interest rate doubts cause Sterling weakness

Less chance of an imminent interest rate hike causes pound to fall Over the last few months there has been growing speculation that the BoE will have to raise interest rates in the UK to keep the housing market in check. Although it was said to be the last line of defence in the Bank of … Read more Interest rate doubts cause Sterling weakness

Dollar maintains marginal gains as US economy maintains status quo

Dollar maintains marginal gains as US economy maintains status quo Good Morning and welcome to the start of a fresh trading week. To recap, Friday’s key data was the Non-Farm Payroll figure released in the US at lunchtime. The June report showed slightly fewer new jobs created than expected, 209,000 rather than 230,000. It is … Read more Dollar maintains marginal gains as US economy maintains status quo