GBP/AUD Rises After Kiwi Rate Cut

GBP/AUD Trading Above $2 The GBP/AUD rose to trade above $2 again on Thursday after the Reserve Bank of New Zealand announced a 25 basis point cut to their interest rate, weakening the Kiwi dollar and dragging the Aussie down in the process. It was the first rate cut by the Kiwi central bank in … Read more GBP/AUD Rises After Kiwi Rate Cut

The effects of the General Election on your currency purchase

The effects of the General Election Well election fever certainly took a grip last week with the currency markets extremely volatile throughout. GBP/EUR rates posted a high of 1.3831 on the morning of the election with a low of 1.3367 being hit just 24 hours before, a difference of nearly 3.5%. GBP/USD rates were equally … Read more The effects of the General Election on your currency purchase

GBP/AUD Falls After Federal Reserve Minutes

GBP/AUD Drops Towards 1.90 The Aussie has performed well against sterling over the last few days as inconclusive minutes from the Federal Reserve’s latest policy meeting provided no insight as to when the US central bank would look to tighten policy. As a result, investors have flocked to the Aussie dollar in search of guaranteed … Read more GBP/AUD Falls After Federal Reserve Minutes

GBP/AUD rises above $1.86

GBP/AUD hits one month high The sterling/aussie cross rose into the AUD$1.86s on Wednesday, after better-than-expected data from the UK gave the pound a welcome boost. Poor data from Australia also left the aussie on the back foot, pushing it to fresh four and a half year lows against the US dollar. The graph below … Read more GBP/AUD rises above $1.86

GBP/CHF trading back in the range

    GBPCHF is trading back in the range after a period of consolidation following cold water being poured on to the possibility of a UK interest rate rise. All the indicators are pointing towards rates being raised above the lowest level in the last two years towards the mid to end of 2015 following … Read more GBP/CHF trading back in the range

GBP/AUD Drops Below 1.80 After Mark Carney Speech

GBP/AUD Loses Two Cents   We finally saw some significant movement in GBP/AUD on Wednesday after a speech from Mark Carney following the Bank of England’s quarterly inflation report. The currency pair had been trading in a narrow range in the week prior to the announcement but sterling has since dropped two cents to the … Read more GBP/AUD Drops Below 1.80 After Mark Carney Speech

GBP/AUD – Aussie Weakens After US GDP Figures

GBP/AUD Trading Above 1.81   The Aussie dollar has weakend over the last 24 hours after US GDP figures revealed better than expected growth for the world’s largest economy. As a result, investors flocked back to the US dollar, weakening the Australian dollar in the process. Despite sterling also weakening, GBP/AUD has risen into the … Read more GBP/AUD – Aussie Weakens After US GDP Figures

“GBP is up, but gains stall against CHF as BOE minutes dampen idea of interest rate hike”

GBPCHF is traditionally a low volatility currency pair, as GBP is relatively stable and the CHF is sought for its relative safety by investors due to its influx of wealth individuals looking to safe guard their funds. Recently the Pound has been strengthening against all majors for the reasons highlighted below. There has been speculation … Read more “GBP is up, but gains stall against CHF as BOE minutes dampen idea of interest rate hike”

GBP/AUD Falls After Aussie Inflation Data

GBP/AUD Drops as Aussie Gains Strength   The Aussie dollar gained ground against sterling on Wednesday as better than expected Australian inflation data has poured cold water on speculation that the RBA would be looking to cut interest rates further. The Bank of England minutes have also forced the cross downwards, the release of which caused the … Read more GBP/AUD Falls After Aussie Inflation Data

GBP/AUD Locked in Currency Tug o’ War

Sterling and Aussie both Strong – GBP/AUD Remains Flat   The pound has made significant headway against most of the other majors over the last 24 hours as UK unempoyment data on Wednesday morning confirmed the economic situation in the UK is gradually improving. Against the Aussie dollar, sterling has struggled to make any significant … Read more GBP/AUD Locked in Currency Tug o’ War