Market Update – GBP USD The pound has enjoyed a strong rebound over the last week, sparked by comments from BoE member Paul Fisher, pushing the prospect of further quantitative easing (“QE”) on to the back burner. The heat was further reduced after the minutes from the October BoE meeting were released on Wednesday, showing [...]
Exchange Rate Forecasts
October, 2009
TorFX – US Dollar Update
Friday, October 23rd, 2009The Pound declines against the majors, after retail sales stagnate for a second month
Friday, October 23rd, 2009GBPEUR/GBPUSD The Pound declined marginally against the majors yesterday, after a report showed that UK retail sales unexpectedly stagnated for a second month in September, while investors scaled expectations that the Bank of England will pause its asset-purchase plan. The report from the Office of National Statistics showed that sales were unchanged from August, a [...]
The Pound advances against the majors, after the BoE vote unanimously on the asset purchases
Thursday, October 22nd, 2009GBPEUR/GBPUSD The Pound rallied against the Euro yesterday, consolidating above 1.10 in London, while the UK currency also breached through $1.6550 versus the U.S Dollar, following the release of the minutes from the Bank of England’s last policy-setting meeting. The report showed that nine policy makers that make up the committee voted unanimously to keep [...]
Foreign Exchange Outlook Podcast – 21st October
Wednesday, October 21st, 2009Player not working? Click here. The foreign exchange outlook podcast from TorFX. Bringing you up to the minute currency market news. You can download the podcast directly from here, subscribe to the blog here or if you have iTunes installed click here.If you have any questions or comments about this Podcast please leave a comment [...]
Dollar weakness helps Sterling hold onto its recent gains
Tuesday, October 20th, 2009GBPUSD/GBPEUR Widespread dollar weakness is helping Sterling hold onto its recent gains during trading this morning, with the interbank reaching a high of $1.6445 against the USD, and holding above 1.0900 against the Euro. The latest round of positive U.S earnings reports have fuelled a lack of enthusiasm for the dollar, and this along with [...]
Foreign Exchange Outlook Podcast – 19th October
Monday, October 19th, 2009Player not working? Click here. The foreign exchange outlook podcast from TorFX. Bringing you up to the minute currency market news. You can download the podcast directly from here, subscribe to the blog here or if you have iTunes installed click here.If you have any questions or comments about this Podcast please leave a comment [...]
Last year’s financial market turmoil saw two currencies benefit, The US Dollar and the Yen
Monday, October 19th, 2009Market Update – GBP JPY Long Term: Last year’s financial market turmoil saw two currencies benefit. The US Dollar and the Yen. The dollar because it has always been regarded as a “safe haven” in difficult times, and the Yen because so many traders had borrowed the currency at low interest rates and sold it [...]
TorFX – Rand Update
Monday, October 19th, 2009Market Update – GBP ZAR Sterling enjoyed a strong rally into the end of last week after bullish comments from Bank of England policy maker Paul Fisher noting that quantitative easing is working well. The scene was already set for some sort of rebound after better than expected UK jobless figures, but the Fisher comments [...]
TorFX – Canadian Dollar Update
Monday, October 19th, 2009Market Update – GBP CAD Sterling enjoyed a strong rally into the end of last week after bullish comments from Bank of England policy maker Paul Fisher noting that quantitative easing is working well. The scene was already set for some sort of rebound after better than expected UK jobless figures, but the Fisher comments [...]
Sterling has managed to hold onto its recent gains
Monday, October 19th, 2009GBP/USD GBP/EUR Following on from last week, Sterling has managed to hold onto its recent gains, trading above 1.0900 on interbank against the Euro this morning and holding above key interbank support at $1.6000 against the USD after a report released overnight from Rightmove confirmed that UK house prices rose for the first time since [...]
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