GBP/AUD Rangebound There hasn’t been much to report for the sterling/aussie cross over the last few weeks as the pair has been stuck in a fairly tight range. The situation in Greece continues to dominate headlines, with most market movement the result of progress, or lack thereof, of negotiations between Greece and its creditors. The … Read more GBP/AUD Remains in Tight Range
GBP/AUD Trades Flat The dust seems to have settled after the interest rate cut announced by the Reserve Bank of Australia last Tuesday, with GBP/AUD settling around 1.95, not far off a five and a half year high. The graph below shows GBP/AUD movement over the last 7 days, with the reaction from the interest … Read more GBP/AUD Settles Around 1.95
US private sector hiring hits 17 year peak Better than predicted non-farm payrolls figures from the US caused volatility on the FX markets on Friday afternoon. The number of new jobs in January came in well over the 236,000 estimate, showing that 257,000 new jobs were created last month. Job creation was also much stronger in … Read more Impressive US jobs data weakens Cable and boosts GBP/EUR through €1.34