GBP/AUD Rises After Kiwi Rate Cut

GBP/AUD Trading Above $2 The GBP/AUD rose to trade above $2 again on Thursday after the Reserve Bank of New Zealand announced a 25 basis point cut to their interest rate, weakening the Kiwi dollar and dragging the Aussie down in the process. It was the first rate cut by the Kiwi central bank in … Read more GBP/AUD Rises After Kiwi Rate Cut

GBP/AUD falls after SNB announcement

GBP/AUD falls into $1.84s The Australian dollar has been trading firmer after a turbulent end to last week. The Swiss National Bank (SNB) announced on Thursday that they were removing the EUR/CHF cap, previously set at 1.20 francs. As a result the Swiss currency strengthened massively, moving 20 cents against sterling in a matter of … Read more GBP/AUD falls after SNB announcement

GBP/CHF trading back in the range

    GBPCHF is trading back in the range after a period of consolidation following cold water being poured on to the possibility of a UK interest rate rise. All the indicators are pointing towards rates being raised above the lowest level in the last two years towards the mid to end of 2015 following … Read more GBP/CHF trading back in the range