GBP/USD exchange rate keeps climbing

Written by Arron Morris Senior Currency Broker T: 01442 892 065 The GBP/USD cross rose to $1.2573 this morning, its highest level since 27th March following comments from President Donald Trump. Trump told the Wall Street Journal that the U.S dollar “is getting too strong” and that he would like Janet Yellen and the Federal … Read more GBP/USD exchange rate keeps climbing

An eventful 24 hours for the Loonie

It has been an eventful day in the currency markets with various political and economical events changing the price you pay for your currency. GBP/CAD has risen this afternoon to highs of 1.6470, mid market. USD/CAD fell following comments from the Fed to lows around 1.3280. After the initial fall following news from the US, … Read more An eventful 24 hours for the Loonie

Will the FED raise rates in September?

Will the FED raise rates An FOMC meeting was held yesterday evening with the main focus being on any hints or mentions of when they would be raising interest rates. All eyes and ears were on Janet Yellen and what her and her committee may give as to when the US may rise its base … Read more Will the FED raise rates in September?

Yellen’s speech causes market stability

Markets stabilise following Yellen’s speech Yesterday afternoon saw the pound lose ground against both its major counterparts following short lived gains courtesy of FED chairwoman Yellen’s speech on Wednesday evening.  The gains can be attributed mainly to one sentence in which Yellen stated that the FED would not be impatient in its views regarding raising … Read more Yellen’s speech causes market stability

Yearly review for dollar, sterling and the euro

GBP/EUR Sterling/euro started this week sitting comfortably in the low €1.26s until we had some positive data released from the Eurozone. Better than expected German flash manufacturing PMI, paired with a speech from BoE governor Mark Carney, saw the pound take a slight dip, falling to the mid €1.25s. As the year comes to a close, all in … Read more Yearly review for dollar, sterling and the euro

USD/CAD exchange rates rise after yellen hints of a interest rate rise

Sterling falls further after poor data After the recent falls due to Mr Carney’s comments with regards to interest rates, the Pound continued its downward trend today. This was after some poor data this morning including retail sales which came out well below the forecast, a 0.1%. GBP/CAD Graph Loonie weakens against the Greenback causing USD/CAD … Read more USD/CAD exchange rates rise after yellen hints of a interest rate rise