James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Choppy After Federal Reserve Announcement The Australian dollar has gained ground against its UK counterpart after the US Federal Reserve announced an interest rate rise on Wednesday evening. Janet Yellen and Co. announced a 0.25% increase to the US base rate, the first … Read more GBP/AUD Falls After US Rate Announcement
Written by: Kingsley Walker Currency Broker T:01442 892071 E: [email protected] W: foremostcg.wpengine.com A relatively quiet start to the week for GBP/USD moving within a fairly tight range bouncing between 1.5460 and 1.5360. This week’s focus will be on the FOMC and Janet Yellen, any news that emerges from the talks on Thursday will cause the rates … Read more A relatively quiet start to the week for GBP/USD
Canadian Dollar near 8 year high, reaching 2.05 With the Canadian Dollar near an 8 year high at the moment, it is a great time to buy the Loonie. If you have been waiting to buy your dream home in the Rockies, the movement over the past couple of year means a typical house purchase of $250,000 … Read more Canadian Dollar near 8 year high
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
26th March 2015 Retail sales help Sterling recover Today the UK retail sales come in above forecast giving the Pound a well needed boost against the Canadian Dollar. The Sterling to Canadian Dollar rates have been steadily dropping so far this week from above 1.8650 to below 1.85. This was down to a few reasons … Read more Retail sales see Sterling recover
Large movements in the currency markets After the shock of the SNB’s unpegging of the Swiss franc from the euro on Thursday last week, the currency markets saw some of the largest recorded one-day movements – with the volatility exacerbated by the Swiss central bank’s decision to lower interest rates on deposits to -0.75%. The news … Read more Global growth forecast and GBP/CAD exchange rates
GBP/CAD exchange rates flat despite heavy data releases Despite a busy week as far as data goes, last weeks trading remained fairly flat throughout. We had an interest rate decision from both the Bank of England and Canada, which both decided to leave them on hold for another month running. Retail sales from both sides of … Read more Bank of Canada ends forward guidance
What is moving the Canadian Dollar exchange rates Yesterday saw the Pound start to fall against the Canadian Dollar after the Bank of England’s MPC minutes were released. These showed no change in stance from the nine MPC members with regards to an interest rate rise. As many are expecting a rate hike soon, it was a disappointment … Read more Sterling continues to fall against the Canadian Dollar
GBP/AUD Rises After Better UK Data The Australian dollar had slumped to three-week lows on Thursday morning with the currency struggling after the Westpac consumer confidence index was released, showing a 6.8% decline in May, having increased 0.3% the previous month. The GBP/AUD rate has also been forced upwards by better than expected retail sales … Read more Weak Aussie Pushes GBP/AUD up Towards 1.83
Sterling Strengthens After Retail Sales Data GBP/CHF rates touched the 1.51 mark on Wednesday after better retail sales data from the UK pushed the pound up to fresh highs against the franc, euro and other major currencies. Sterling has been on a strong run of late as better economic data suggests the UK economy … Read more GBP/CHF Touches 1.51