Bank of England perform historic rate cut

In today’s report we will take a look at yesterday’s historic events from the bank of England, what affect it had on Sterling crosses and what else may affect the markets in the coming days trading. Bank of England Rate Cut The Pound staged a slight rally in the early hours of trading yesterday getting … Read more Bank of England perform historic rate cut

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

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

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.

GBP/AUD Falls After RBA Rate Announcement

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

GBP/AUD Rises Amid Chinese Concerns

GBP/AUD Rises to 2.20 The Australian dollar has had a rough week as concerns over the economic slowdown in China intensify. The expected lower demand for Australian commodities, coupled with uncertainty over the expected interest rate hike from the Federal Reserve, is weighing heavily on the Australian dollar. The Aussie dropped to trade below 70 … Read more GBP/AUD Rises Amid Chinese Concerns

GBP/AUD Rises to 2.13

GBP/AUD Heads Higher The Aussie dollar has had a rough ride since my last post, losing over 4.5% in July, thanks to falling commodities prices and increasing concern over the Chinese stock market situation. The Australian dollar has fallen significantly, dropping to 2.13, a move reflected in other commodities currencies, namely the Kiwi and Canadian … Read more GBP/AUD Rises to 2.13

GBP/AUD Volatile After RBA Minutes

GBP/AUD Trading in 1.92’s It’s been a fairly volatile week for the sterling/aussie cross, with market movement still being dictated by speculation over a potential tightening or loosening of monetary policy, both in the UK and in Australia. During a speech in New York on Monday evening, governor of the RBA Glenn Stevens hinted at … Read more GBP/AUD Volatile After RBA Minutes

Yellen’s speech causes market stability

Markets stabilise following Yellen’s speech Yesterday afternoon saw the pound lose ground against both its major counterparts following short lived gains courtesy of FED chairwoman Yellen’s speech on Wednesday evening.  The gains can be attributed mainly to one sentence in which Yellen stated that the FED would not be impatient in its views regarding raising … Read more Yellen’s speech causes market stability

GBP/CHF Swiss national bank maintains current low interest rate

GBP/CHF Swiss national bank maintains current low interest rate Yesterday saw the release of the latest ZEW business confidence index which improved on the previous reading to -37.9, signalling a sense of optimism surrounding the Swiss economy after their huge decision in January to remove the peg. However, there has still been pressure on the … Read more GBP/CHF Swiss national bank maintains current low interest rate