GBP/USD regains some lost ground

Written by Arron Morris Senior Currency Broker T: 01442 892 065 After falling one per cent against the dollar yesterday the pound staged a mini recovery over the course of today’s trading session. In the build up to Bank of England Governor Mark Carney’s testimony in front of the House of Lords Economic Committee yesterday … Read more GBP/USD regains some lost ground

Sterling retains gains, albeit temporary

Written by: Jimi Boake Currency Broker T: 01442 892 060 It seemed Sterling had been able to retain much of its gain over the past week, although yesterday it managed to fall to an intra-day low of €1.1139 rising slightly to end the London session at €1.1192. The fall was caused in anticipation of BOE … Read more Sterling retains gains, albeit temporary

AUD Currency Update: Dollar makes gains against counterparts

James Baxter Senior Currency Broker T: 01442 892 062 GBP/AUD exchange rate graph The Aussie dollar made gains on a number of its counterparts yesterday evening after better than anticipated Consumer Price Index readings. The expected figure, 0.4% was beaten by a 0.7% read and saw the Aussie dollar move from 1.60 to lows of … Read more AUD Currency Update: Dollar makes gains against counterparts

CAD News for the Day

Written by: Richard Beaumont T: 01442 892 060 There was a lack of any Canadian data out yesterday but this didn’t stop the exchange rates moving as speech by BoE Gov Carney weakened the Pound. Today the only release of note will be Crude Oil Inventories from the US. This is forecast to show expansion … Read more CAD News for the Day

Reports emerge SNB continue to be active in the forex market

Central bank still views Swiss franc as overvalued Speaking in Brussels on Tuesday, Swiss National Bank chairman, Thomas Jordan, announced that the Swiss franc was still significantly overvalued and that the bank would continue to be active in the forex market. After the SNB’s shock decision to scrap the euro peg, the franc appreciated within … Read more Reports emerge SNB continue to be active in the forex market