UK Manufacturing surges to 16-month high

Written by Kingsley Walker Currency Broker T: 01442 892071 E: [email][email protected][/email] UK Manufacturing surges to 16-month high The first working day of the months brings with it a raft of manufacturing PMI data from the UK, US and Europe. The result was a fairly volatile day for sterling and a number of its counterparts, including … Read more UK Manufacturing surges to 16-month high

Jackson Hole positive after recent market turmoil

Written by: Kingsley Walker Currency Broker T: 01442 892071 E: [email protected] W: foremostcg.wpengine.com The impact of last week’s turmoil is still being felt across the globe as fresh concerns surrounding the Chinese economy were triggered this week as global equities struggled. Coupled with the continued fall in oil prices, the current outlook for investors is … Read more Jackson Hole positive after recent market turmoil

A week of PMI data for GBP/CHF

A week of PMI data for GBP/CHF The UK was the main driver this week between the two economies with the Swiss economy fairly thin on the ground in terms of data releases. We had construction, services and manufacturing PMI from the UK, with only construction improving on forecasts posting a revised figure of 55.9. … Read more A week of PMI data for GBP/CHF

GBP/CHF SNB maintain ‘overvalued’ stance

GBP/CHF SNB maintain ‘overvalued’ stance The pound has been subjected to a volatile week whilst the franc and SNB continue to maintain their stance that their currency is overvalued. Over the course of the last two weeks the pound has gone from a high of 1.4206 against the euro and 1.5138 against the franc respectively … Read more GBP/CHF SNB maintain ‘overvalued’ stance

Swiss Franc hits two week low amid rumours of central bank intervention

Is SNB deliberately weakening currency? The Swiss franc fell to a two week low today, amid rumours of central bank intervention by the Swiss National Bank (SNB) in an effort to stem its current rally. After the critical move from the SNB in January to remove the minimum peg against the euro, we saw the franc … Read more Swiss Franc hits two week low amid rumours of central bank intervention

GBP/AUD Trading Within Tight Range

GBP/AUD Remains Within One Cent Range   The pound is struggling to make any headway against the Australian dollar as the two currencies remain two of the best performing major currencies of the last quarter. Over the course of the last week, GBP/AUD has not dropped below 1.8050, nor has it traded higher than 1.8150. The … Read more GBP/AUD Trading Within Tight Range