Author: Josh Ferry Woodard

Josh's Latest Articles

GBP/USD Grapples with Resistance Ahead of GDP & Fed Announcements

Monday, July 24th, 2017

‘Cable’ slipped from a 10-month high last week as softer-than-anticipated UK inflation data weighed on the Pound. The Pound to US Dollar exchange rate declined by around a cent at the start of last week’s session following a surprise downtick in the UK consumer price index. Underwhelming expectations of a hold at 2.9%, the inflation […]

Sterling Drops 2 Cents to 8-Month Low Vs. Single Currency

Monday, July 24th, 2017

Sterling skidded to an eight-month low versus the single currency last week, depreciating by over two cents as softening UK inflation and European Central Bank tightening speculation drove GBP/EUR lower. The Pound to Euro exchange rate plummeted by around a cent last Tuesday following June’s UK consumer price index report, which showed that inflation slowed […]

Pound Remains at Multi-month Lows

Monday, July 24th, 2017

Demand for the Pound remained weak on Friday as rising budget deficit data added to Brexit anxieties. Sterling sustained steep losses on Thursday when UK trade minister Liam Fox suggested that Britain could get by without a Brexit trade deal. However, economists believe that the British economy would weaken substantially if the UK does not […]

Pound Hits 8-Month Low Vs. Euro Following ECB Stimulus Remarks

Friday, July 21st, 2017

Sterling was hammered across the board yesterday as fresh Brexit anxieties outweighed an upbeat UK retail sales report. Demand for the Pound was significantly hurt by comments from British trade minister Liam Fox suggesting that the country could get by without a post-Brexit EU trade deal. Economists believe that such a scenario would have a […]

Sterling Strikes 3.5-Month Low Vs. ‘Aussie’ Dollar

Thursday, July 20th, 2017

The Pound recovered some of its recent losses yesterday as investors locked in profit following Tuesday’s surprising dip in UK inflation. Sterling suffered following the 2.6% June CPI print, which underwhelmed expectations of inflation remaining at a four-year high of 2.9%. However, there was little fresh stimulus for Sterling traders yesterday and this allowed the […]

Sterling Plunges as Surprise UK Inflation Dip Weighs on BoE Rate Hike Bets

Wednesday, July 19th, 2017

Sterling suffered steep losses versus the majors yesterday as UK inflation came in significantly lower than traders had anticipated. The consumer price index slowed in June for the first time since last October, dropping from 2.9% to 2.6%. Cooling recreational goods prices and sliding transport costs drove the headline inflation rate lower at a time […]

Sterling Stutters Ahead of UK Inflation Report

Tuesday, July 18th, 2017

Sterling started this week’s session by giving back some of its recent gains versus the majors. Demand for the Pound was curtailed by fears that discord within the Tory party could derail the Brexit process. Chancellor Philip Hammond, a proponent of a ‘softer Brexit’, claimed that cabinet members were leaking stories to the press in […]

GBP/USD Soars to 10-Month High as Fed Rate Hike Bets Soften

Monday, July 17th, 2017

The Pound to US Dollar exchange rate surged through longstanding psychological resistance to strike a 10-month high last week. Bets of a rate hike from the Bank of England in August were dealt a blow last Tuesday when policymaker Ben Broadbent chose to talk about Brexit trade dynamics rather than monetary policy. This was seen […]

GBP/EUR Bounces From 8-Month Low to 3-Week High

Monday, July 17th, 2017

The Pound to Euro exchange rate appeared to bottom out at an eight-month low last week, before rallying over a cent as central bank speculation benefitted Sterling. Sterling plunged to an eight-month low versus the single currency last Tuesday following a speech from Bank of England policymaker Ben Broadbent. Traders were hoping for a hawkish […]

Constructive Brexit Talks Boost Pound

Monday, July 17th, 2017

Sterling roared to a robust set of gains against its most-traded currency peers on Friday as markets cheered the British government’s new conciliatory tone over Brexit. Having previously struck a hardline with European negotiators, raising the possibility of Britain leaving the bloc with no new trade deal, the government has recently sounded much more constructive. […]

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