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
It was an exceptionally quiet end to last week with no significant data releases from either side of the Atlantic. Consequently, markets remained fairly subdued, trading flat until mid-afternoon when the pound began losing ground to the euro but made significant headway against the struggling US dollar. The subdued conditions were perhaps a welcome respite … Read more Quiet End to the Week for Sterling
GBP/AUD Trading in 1.96’s The pound has performed well over the last week as the surprise outcome of the UK general election has been seen by investors as a positive for the UK economy. Love them or hate them, the Tories have done a reasonable job of dragging the UK out of the global recession, … Read more GBP/AUD Rises After UK Election
The pound hit a 2015 high against the greenback yesterday as the market continued to focus on the strength of the UK economy, reaching a peak just over 1.57 on interbank. This is an impressive rally from Monday’s low point sub 1.54 when thoughts of an early ‘Brexit’ referendum from the newly formed Conservative government … Read more Sterling continues post-election rally
UK data shows continuing economic recovery Sterling gained further ground against the Canadian dollar yesterday, as the latest UK manufacturing data came in above forecast. Month-on-month this data was forecast for a negative -0.1% contraction, but the actual figure showed slightly better at a positive 0.1%. This helped push the year-on-year figures up to 2.4% from the previous … Read more Sterling strengthens further against the Canadian dollar
Central bank move labelled a “disaster” for Swiss economy As the snowstorm continues to envelop the UK, across the channel storms of a different kind seem to be brewing. With talks regarding the Greek debt situation dominating headlines and tensions between the two key players – Greece and Germany – rising, the rest of the … Read more Swiss economy still reeling from SNB decision
Sterling falls after Carney speech GBP/AUD fell into the 1.80s on Wednesday after the Bank of England (BoE) released their quarterly inflation report. Sterling fell across the board, losing around a percent to each of its major counterparts. The graph below shows GBP/AUD movement during the inflation report. The inflation report is essentially a … Read more GBP/AUD drops after inflation report
GBP/AUD Loses Two Cents We finally saw some significant movement in GBP/AUD on Wednesday after a speech from Mark Carney following the Bank of England’s quarterly inflation report. The currency pair had been trading in a narrow range in the week prior to the announcement but sterling has since dropped two cents to the … Read more GBP/AUD Drops Below 1.80 After Mark Carney Speech
Pound approaches 5-Year High as BOE Mortgage Limits Seen “Lenient” The pound approached yet again a five year high versus the dollar and the GBP/EUR rate rose to within half a point of the 2 year high, as Mark Carney’s speech on the fragility of the housing bubble and the Bank of England’s new measures … Read more Pound approaches 5-Year High as BOE Mortgage Limits Seen “Lenient”
GBP/EUR & GBP/USD Fall After Mark Carney Speech The pound’s recent run of good form came to an end yesterday as Mark Carney once again confused investors over the timing of the Bank’s proposed interest rate hike. Consequently, sterling lost around 0.4% against both the dollar and the euro, ending the day as one of … Read more GBP/EUR & GBP/USD Fall After Mark Carney Speech