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 Kingsley Walker GBP Gains Against USD and EUR Barclays posted a 25% increase in half year profits yesterday to the value of £3.1bn, however, set aside a further £850 million for customer compensation. Considering the recent run of bad press many were surprised by the figures. Sterling gave us the second surprise of … Read more ECB Weigh-In on Eurozone
It was a fairly quiet end to last week for our most commonly traded currency pair, GBP/EUR, with the cross remaining in a tight range for most of the day. It was a different story for GBP/USD however, as the US currency lost nearly one percent to the pound. Optimism over the potential for an … Read more Greece Thrown Final Lifeline
GBP/AUD Moving Towards 2.09 The Australian dollar has continued on its downward trajectory this week as concerns over the Chinese stockmarket and continued weakness in commodities prices has left the Aussie on the back foot, dropping to 6-year lows against the US dollar and the pound. The graph below shows GBP/AUD movement over the last … Read more GBP/AUD Rises as Aussie Dollar Hits 6-Year Low
GBP/AUD Rangebound There hasn’t been much to report for the sterling/aussie cross over the last few weeks as the pair has been stuck in a fairly tight range. The situation in Greece continues to dominate headlines, with most market movement the result of progress, or lack thereof, of negotiations between Greece and its creditors. The … Read more GBP/AUD Remains in Tight Range
Greece and her creditors still have not struck a definitive deal to release the €7.2Bn bailout funds desperately needed by the Hellenic state to avoid default at the end of the month, in spite of yesterday’s hectic efforts and emergency summit in an attempt to do so. The Greek ministers had submitted proposals on Sunday … Read more Emergency Summit gives hope of Greek deal but it still hangs in the balance
It was a fairly subdued end to last week with little economic data of note and markets remained rangebound as a result. Those of you following the currency markets will know that most recent movement has been the result of news from Greece and the progress of their negotiations with the International Monetary Fund and … Read more Quiet End to Week with All Eyes on Euro Summit
SNB hold rates amid Greek uncertainty The Swiss National Bank maintained their policy of negative interest rates at Thursday’s rate setting session. A major concern for the SNB has been the continued uncertainty surrounding the Greek debt situation. As tensions heighten and deadline days approach the demand for franc denominated assets have increased, strengthening … Read more SNB hold rates amid Greek uncertainty
We really shouldn’t be surprised to be hearing about the Greek debt crisis, it’s been going on for 5 years now. The only shock to recent readers of this and other FX blogs is that the saga is only 5 years old! The question on everyone’s lips as we approach the apparent ‘deadline’ at the … Read more Another day of Greek brinkmanship as the FX market warms up to the Fed meeting