Written by: Alastair Archbold FX Manager T: 01442 892 066 The Pound staged a modest recovery during yesterday’s trading session, rising from €1.13 to €1.1390. The catalyst for the move higher was the release of the latest UK inflation figure, rising to almost 3% in the biggest jump in 4 years. Usually higher inflation would … Read more Sterling stages a recovery, but will it last?
Written by: Joe Mayhew Senior Currency Broker T: 01442 892 069 After months of discussing, dissecting, arguments and polling- the EU Referendum is finally upon us. For the casual bystander it has been one of the most divisive periods of British political spectacle in recent memory. There have been highs, watching the Tory civil war … Read more It’s Finally Here…
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
Written by Arron Morris Currency Broker E: [email][email protected][/email] T: 01442 892 065 As everyone gets ready to party this evening the same could not be said for the currency markets. With little out in terms in of eco-stats there was very little movement for any of the Sterling crosses on Wednesday. GBP/EUR spent the majority … Read more Sterling not in the party mood
GBP/AUD Falls to 2.15 The Australian dollar has strengthened over the last 48 hours as the Reserve Bank of Australia announced on Tuesday that they would not be cutting interest rates, keeping the base rate at the record low of 2%, having already loosened policy twice this year. As a result, the Australian dollar gained … Read more GBP/AUD Falls After RBA Rate Announcement
Written by Adam Wiffen Currency Broker [email protected] German Chancellor Angela Merkel has returned yesterday from her summer holidays confident that a deal can be made with Greece. She has said that it is more than likely that the IMF (international Monetary Fund) will join Greece’s Third bailout. IMF chief Christine Lagarde has welcomed the … Read more A confident Merkel
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
Written by Currency Broker Arron Morris T: 01442 892065 E: [email protected] foremostcg.wpengine.com GBP/EUR falls for the seventh consecutive day as UK economic data releases continue to disappoint! GBP/EUR fell for the seventh consecutive day yesterday after another round of weaker than forecast UK economic numbers. The currency pair fell over a cent to €1.3949 during … Read more GBP/EUR falls for the seventh consecutive day as UK economic data releases continue to disappoint!
Written by Associate Director David Worthington T: 01442 892089 E: [email protected] foremostcg.wpengine.com China stuns markets as currency is weakened for second day in a row A Currency War seems to be back in full swing after China’s Central bank again cut the guidance rate for the national currency just one day after the record 1.9% … Read more China stuns markets as currency is weakened for second day in a row
Written by Senior Currency Broker Tom Taylor T: 01442 892074 E: [email protected] GBP/USD Yesterday was rather light on the data front so left our most popular crosses GBPEUR and GBPUSD rather defenceless to FED vice chairman Fischer’s speech at 12:15 GMT. During an interview with Bloomberg TV Fischer said “that the global deflationary trend “bothers” the Fed, … Read more GBPEUR and GBPUSD rather defenceless to FED vice chairman Fischer’s speech