GBP/AUD Falls After Better GDP Figures

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Drops to 2.05 The Australian dollar has continued its impressive run against the pound after the release of better than expected Australian GDP figures and an upbeat speech by the president of the Reserve Bank of Australia, Glenn Stevens. The graph below shows … Read more GBP/AUD Falls After Better GDP Figures

Pound rallies against the franc and counterparts

Pound rallies against the franc and counterparts Fresh data out of the UK has set the pound on a rally against a number of its counterparts including the Swiss franc this week. Kicking the week off CPI figures from the UK turned negative for the first time since March 1960. A shock too many but … Read more Pound rallies against the franc and counterparts

Pound/Euro rates near €1.40

Pound/Euro rates near €1.40 The Eurozone quantitative easing programme kicked off yesterday with the ECB buying back 1trillion euros worth of bonds from its member states. ECB president Mario Draghi is hoping the plan will have similar effects as the ones introduced by the Bank of England and Federal Reserve arguing, “We have already seen … Read more Pound/Euro rates near €1.40

GBP/EUR struggles to break through 1.38

Thursday 5th March 2015 GBP/EUR struggles to break through 1.38 Yesterday saw GBP/EUR rates test the 1.38 level for the 5th time in only a week. However, as with its earlier efforts the pound struggled to break through the 1.38 mark and more importantly failed to maintain the ground it made. The pound also lost … Read more GBP/EUR struggles to break through 1.38

Rumblings of a storm in the eurozone

Rumblings of a storm in the eurozone With the cold weather moving in, and most hoping the snow does not bring the UK to a halt, are we seeing the rumblings of a storm over in the eurozone? Preliminary figures for German CPI announced a decline of -1.0%, the first negative inflation rate in Germany … Read more Rumblings of a storm in the eurozone

Bank of England keeps interest rates low and ECB introduce QE

Yesterday’s announcement from the Bank of England (BoE) did little to strengthen the pound against the Swiss franc, as they once again voted to keep interest rates unchanged – this time with all nine members in favour of maintaining the status quo. Martin Weale and Ian McCafferty had previously opposed keeping rates low, however concerns about … Read more Bank of England keeps interest rates low and ECB introduce QE

GBP/AUD jumps to $1.86

GBP/AUD rises after Bank of Canada cuts interest rate It’s been a fairly volatile week for GBP/AUD with better Chinese data lifting the Australian dollar earlier in the week, only for it to be dealt a blow after the Bank of Canada cut its interest rate on Wednesday – forcing the Australian currency lower as investors pulled … Read more GBP/AUD jumps to $1.86

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

UK mortgage approvals hit 17 month low

UK mortgage approvals hit 17 month low Happy New Year from everyone here at the Foremost Currency Group. As the New Year begins, volatility is still ever-present – here in the UK, the Bank of England released data which highlighted that mortgage approvals have hit a 17 month low. Combined with a low-than-expected 0.2% gain in … Read more UK mortgage approvals hit 17 month low

Sterling takes the biscuit

GBP/EUR As Turkey’s largest food group, Yildiz Holding, was last week acquiring UK based snack manufacturer United Biscuits – the makers of Jaffa Cakes and the McVitie’s brands – in a deal rumoured to value the company at around £2bn, it was sterling that was taking the biscuit against the euro on the currency markets. Over the … Read more Sterling takes the biscuit