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

Sterling reaches highest level against the Euro since November 2007

Thursday 12th March 2015 Sterling reaches highest level against the Euro since November 2007 Yesterday started off exactly where Monday had ended with the Euro losing more ground against the Pound. The mid-market opened at 1.4050 after starting the week at 1.3870 and even woeful UK manufacturing figures at 09:30 (-0.5% actual against 0.2% forecast) … Read more Sterling reaches highest level against the Euro since November 2007

Choppy day for Sterling/Euro

Friday 6th March 2015 Choppy day for Sterling/Euro Yesterday was a fairly volatile day for our most actively traded currency cross, with the single currency gaining around half a percent against the pound before losing ground to end the day in the mid €1.38s (at interbank). Against the dollar, sterling gradually lost ground over the … Read more Choppy day for Sterling/Euro

GBP/AUD Settles Around 1.95

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

GBP/AUD rises to $1.90

Pound rises after volatile week The sterling/aussie cross broke through the $1.90 mark on Monday, as speculation mounts over an interest rate cut from the RBA as early as March this year – potentially followed by another in August. A surprise rate cut by the Bank of Canada last week, coupled with the ECB’s aggressive … Read more GBP/AUD rises to $1.90

Pound hits 7 year high against euro

Pound climbs again in wake of QE announcement Another turbulent week last week saw the euro lose yet more ground against its major counterparts, with the pound and dollar reaching 7 and 11 year highs respectively against the single currency. The US currency was the biggest winner from yet more eurozone uncertainty, gaining against sterling as … Read more Pound hits 7 year high against euro

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

Anticipation kicks in before a busy end to the week

Anticipation kicks in before a busy end to the week Yesterday was a fairly quiet day on the data release front, but it seems anticipation ruled the markets with GBP/EUR rates pushing up over a cent to a high of €1.3121. With an expected quantitative easing announcement from the ECB and Greek elections coming up … Read more Anticipation kicks in before a busy end to the week

GBP/EUR and GBP/USD currency forecast

ECB to announce extended QE soon? The first full week of trading in 2015 has been completed and we have learned slightly more about the intentions of the European Central Bank (ECB). Reports were released last week that staff from the ECB have presented policymakers with various quantitative easing (QE) options, with as much as … Read more GBP/EUR and GBP/USD currency forecast

Switzerland’s central bank cuts interest rates

Switzerland’s central bank cuts interest rates For the first time since 1970, Switzerland’s central bank has introduced negative deposits of minus 0.25%. With the global economic outlook seeming bleak, the Russian financial crisis worsening and the Eurozone on the brink of introducing a full scale quantitative easing programme, investors have been turning to the franc … Read more Switzerland’s central bank cuts interest rates