What is moving exchange rates?

Canadian Dollar trading range bound The Sterling to Canadian Dollar exchange rates have been trading within a point range today, between 1.72 to 1.73, mid-market. With a bank holiday today in Canada, all movements are off the back of news and events from overseas. GBP-CAD graph Canadian data moving exchange rates It is a quiet … Read more What is moving exchange rates?

GBP/AUD Falls After Bank of England Inflation Report

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Falls to 2.02 The pound dropped fairly significantly against most of its main counterparts on Thursday after a more dovish than expected quarterly inflation report from the Bank of England. Against the euro, the pound dropped back into the 1.20’s and had dropped … Read more GBP/AUD Falls After Bank of England Inflation Report

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

Fed keeps the markets guessing

Kingsley Walker Currency Broker T: 01442 892071 E: [email protected] Last Thursday the markets waited in anticipation for the announcement that the Fed will change their stance in monetary policy, however, they kept the markets guessing. Once the dust had settled we were left in the same position leading up to what was dubbed the most … Read more Fed keeps the markets guessing

GBP/AUD Settles Down at 2.18

GBP/AUD Finds its Feet The recent volatility in the Aussie dollar appears to have come to an end as the dust settles after the Chinese stock market scare a fortnight ago. The GBP/AUD cross has been trading in a relatively narrow range over the course of the week, trading just under 2.20. The graph below … Read more GBP/AUD Settles Down at 2.18

MPC did little to excite the markets

Written by: Kingsley Walker Currency Broker T:01442 892071 E:[email protected] W:foremostcg.wpengine.com Today had the potential to be a fairly volatile day for GBP/USD with a string of data releases from the UK. However, the monetary policy committee did not feel the same way and did little to excite the markets at 12 o clock. Interest rates … Read more MPC did little to excite the markets

Carney comments on UK Interest rates to rise

Canadian Dollar almost trading at 2 following Carney comments Today we have seen new high in the GBP/CAD cross with exchange rates hitting highs of over 1.9950. This was not down to the Canadian Dollar weakening, nor was it due to the latest inflation data from the UK, which actually came in worse than expected. The huge … Read more Carney comments on UK Interest rates to rise

Strong Pound a risk to recovery

19th March 2015 A strong Pound maybe a risk Yesterday we saw the minutes from the latest Bank of England’s Monetary Committee meeting. These suggested that the MPC feared that a strong Pound could be a risk to inflation, keeping it low for longer. It is because of weak inflation the MPC left rates on hold for another month in a row. … Read more Strong Pound a risk to recovery

Sterling trumps counterparts after run of good data

Pound makes gains as wage growth continues Data released yesterday helped to dismiss underlying concerns that the UK economy was slowing down and suffering a knock-on effect from the situation in the eurozone. The day kicked off with average earnings, claimant count change and unemployment rate releases all improving on forecasts. Wage growth in the … Read more Sterling trumps counterparts after run of good data

Currency Winners and Losers

Who are the currency winners and losers? Over the past year, sterling has gained almost as much against the euro as it has lost against the US dollar. Great uncertainty in the markets, shock announcements like the Swiss franc being unpegged from the euro and problems such as a possible Greece exit from the euro, … Read more Currency Winners and Losers