GBP/USD Unable to hold gains

GBP/USD breaks $1.30 but is unable to hold onto the gains. The pound continued to rise against the dollar overnight, with the GBP/USD cross hitting $1.3029, the highest we have seen the currency pair since the 22nd May. However, over the course of today’s trading session the pound has given up some of the gains, … Read more GBP/USD Unable to hold gains

GBP/USD pushing back towards $1.30

The past forty-eight hours has been nothing but positive for the GBP/USD cross, with the currency pair currently trading around three cents higher than on Tuesday morning. After falling to $1.2707 the pound has been steadily rising and is now back within touching of the $1.30 barrier. GBP/USD graph Why has the pound risen? Although … Read more GBP/USD pushing back towards $1.30

Sterling not in the party mood

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

Fed finally moves

Fed finally moves In a historic move the FOMC and Fed Chair Janet Yellen raised the base interest rate from 0.25% to 0.50%, a move which has been widely expected from investors and market commentators. Rates in the US have been at near zero since the 2008 financial crisis and raising the rate will help … Read more Fed finally moves

Yellen confident ahead of December meeting

Yellen confident ahead of December meeting As the December FOMC meeting looms all eyes turn to the US as data releases and speeches will be closely scrutinised. Yesterday we had speeches from Fed chair Yellen followed by FOMC member Williams.  The overall rhetoric of the speech was positive surrounding the US economy and Yellen believed … Read more Yellen confident ahead of December meeting

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

FOMC minutes do not surprise markets

Written by: Kingsley Walker Currency broker T: 01442 892071 E:[email][email protected] FOMC minutes do not surprise markets, reaction muted. Following the release of yesterday’s FOMC minutes a tightening in monetary policy looks all but certain to take place in December. As mentioned in the previous report markets will now focus their attention on subsequent rate rises … Read more FOMC minutes do not surprise markets

CPI from both the UK and US ahead of Fed minutes

Written by; Kingsley Walker Currency Broker T: 01442 892071 E: [email protected] CPI from both the UK and US ahead of Fed minutes Yesterday saw the release of CPI data from both the UK and US, we had year on year CPI from the UK which met forecasts of -0.1% and core CPI marginally improved to 1.1%. … Read more CPI from both the UK and US ahead of Fed minutes

USD continues to reap the benefits of a strong job’s report

Written by: Kingsley Walker Currency Broker E: [email][email protected][/email] T: 01442 892071 USD continues to reap the benefits of a strong job’s report After a stronger than expected jobs report from the US on Friday the dollar continued to reap the benefits from Friday’s data. The dollar rose towards a seven-month high against a number of … Read more USD continues to reap the benefits of a strong job’s report

The week of PMI data continues with both the UK and US economies expanding.

The week of PMI data continues with both the UK and US economies expanding. Construction PMI missed forecasts marginally posting a reading of 58.8 against an expected 58.9 which followed a strong 59.9 in October. Services PMI continued to expand in the month of October and improved on forecasts at 54.9. Following the 16-month high … Read more The week of PMI data continues with both the UK and US economies expanding.