Author: Josh Ferry Woodard

Josh's Latest Articles

Sterling Posts Strong Gains Vs. Commodity Bloc

Friday, September 22nd, 2017

Following sanguine UK government borrowing figures in the morning, Sterling popped during the afternoon yesterday in response to rumours Britain was prepared to pay €20 billion for access to the EU single market for two years after Brexit. The latest public finance figures showed that Britain borrowed £5.7 billion in August to balance the books; […]

Pound to US Dollar Exchange Rate Touches New 14-Month High During Fed Announcement

Thursday, September 21st, 2017

The Pound raced ahead to early gains yesterday morning following sanguine UK retail sales data. The latest retail report signalled that sales volumes increased by 1.0% last month, smashing forecasts of a 0.0% stagnation. The surprising resilience of UK consumers in the face of falling real wage growth (inflation overtaking earnings) drove the annualised figure […]

‘Cable’ Flat Ahead of Fed Statement

Wednesday, September 20th, 2017

Demand for the Pound moderated yesterday as investors continued to digest the recent shift in Bank of England (BoE) rate hike expectations. Sterling made multi-cent gains versus the majors late last week when the UK central bank signalled that rates were likely to rise in the coming months. The Pound then softened a little bit […]

Sterling Slips as BoE Governor Carney Discusses Interest Rates

Tuesday, September 19th, 2017

Demand for the Pound cooled slightly yesterday following two days of sturdy gains as Bank of England (BoE) Governor Mark Carney said that ‘any prospective increases in the bank rate would be expected to be at a gradual pace and to a limited extent’. Despite the mild selloff following Carney’s comments Sterling remains significantly stronger […]

‘Cable’ Strikes 14-Month High as Hawkish BoE Hints at November Rate Hike

Monday, September 18th, 2017

The Pound to US Dollar exchange rate appreciated by around 350 pips last week to strike a 14-month high as a hawkish shift at the Bank of England led to a surge in demand for Sterling. ‘Cable’ rallied 75 pips last Tuesday following the latest UK CPI report, which showed that price pressures jumped from […]

Rising BoE Rate Hike Bets Send GBP/EUR 300 Pips Higher

Monday, September 18th, 2017

The Pound to Euro exchange rate rallied by over three cents last week as the prospect of a November rate hike came into sharper relief. GBP/EUR ticked higher by around 100 pips at the start of last week’s session, buffeted higher by a joint-four-year high UK consumer price index result. British inflation jumped from 2.6% […]

Sterling Racks Up Massive Gains Across the Board as BoE Official Hints at Rate Hike

Monday, September 18th, 2017

The Pound registered gains across the board on Friday as rising rate hike bets increased demand for the UK currency. Sterling rallied strongly on Thursday when the Bank of England’s (BoE) minutes report suggested that policymakers were prepared to start tightening policy in the near future and demand for the Pound accelerated again on Friday […]

Sterling Soars Across the Board as BoE Hints at November Rate Hike

Friday, September 15th, 2017

Sterling surged higher across the board yesterday following a hawkish statement from the Bank of England (BoE). The UK central bank left interest rates on hold at the record-low 0.25%, with policymakers voting 7-2 against raising borrowing costs at this juncture. However, traders piled into Sterling following the bank’s minutes report, which appeared to hint […]

FW: Pound Softens Ahead of BoE Report as UK Wages Stutter

Thursday, September 14th, 2017

Negative real wage growth overshadowed the latest fall in British unemployment yesterday and led to a pullback in demand for the Pound. The headline UK unemployment rate fell unexpectedly from 4.4% to a new 42-year low of 4.3% in July, it was reported yesterday. The latest dip in joblessness represented a jobs gain of 181,000 […]

How will GBP/EUR Respond to ECB Rate Decision?

Thursday, September 7th, 2017

A lack of UK news left the Pound trading fairly limply on Wednesday, with the main movements in GBP exchange rates being triggered by external developments. While Sterling has already recorded modest gains against AUD and NZD this morning, GBP/EUR is holding at opening levels. If today’s ECB interest rate decision disappoints, the Pound could […]

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