Author: Josh Ferry Woodard

Josh's Latest Articles

UK Inflation & Retail Sales Boost GBP/EUR Ahead of Article 50

Monday, March 27th, 2017

The Pound to Euro exchange rate rallied by around a cent last week thanks to climbing UK inflation and retail sales. Sterling rallied versus the single currency at the start of last week’s session following an unexpectedly large leap in the UK CPI rate. Rising from 1.8% to 2.3%, beating expectations of 2.1%, February’s report […]

GBP/USD At 2-Month High As Trump Trade Reverses

Monday, March 27th, 2017

Over the last seven days the Pound to US Dollar exchange rate has appreciated by around two cents to hit its highest level in almost two months. Upbeat UK retail sales and inflation data boosted Sterling, while concerns over President Donald Trump’s ability to pass legislation weighed on the ‘Greenback’. GBP/USD struck a three-month high […]

Trump Policy Doubt Weighs On US Dollar

Monday, March 27th, 2017

Sterling softened slightly versus some of the majors on Friday as Bank of England rate hike expectations were tempered by dovish sentiments from BoE official Gertjan Vlieghe. Vlieghe said that rising inflation would not necessarily lead to higher interest rates if it turns out that the main driver behind surging price pressures is the Pound’s […]

Sterling Rallies On Sanguine Retail Report

Friday, March 24th, 2017

Better-than-forecast UK retail sales numbers allowed Sterling to rally across the board yesterday. Smashing estimates of 0.4%, sales volumes rebounded 1.4% in February following a -0.5% contraction in the first month of the year. The robust monthly print took the annualised figure up from 2.1% to 4.1%. Although analysts questioned the sustainability of the pickup […]

‘Cable’ Hits Highest Level In Almost A Month

Thursday, March 23rd, 2017

The Pound, which has put in a strong performance over the last week thanks to rising Bank of England (BoE) rate hike expectations, steadied yesterday as UK economic prospects returned to the fore. Sterling rallied last Thursday when one BoE policymaker voted to raise rates and others voiced support for a potential rate hike in […]

Inflation Spike Boosts Pound Vs. Majors

Wednesday, March 22nd, 2017

UK inflation jumped from 1.8% to 2.3% in February, it was announced yesterday, beating forecasts of 2.1% and rising above the Bank of England’s 2.0% target for the first time since late 2013. The Pound jumped on the news, with investors increasing their bets of an interest rate hike from the Bank of England. Food […]

Brexit Date Weakens Pound, UK CPI Could Increase Demand

Tuesday, March 21st, 2017

The Pound registered gains versus some of the majors at the beginning of this week’s session thanks to the recent shift in Bank of England rhetoric towards a potential rate hike at some point in 2017. Indeed, this time last week traders estimated there was a 25% chance of rate rise in November 2017, whereas […]

GBP/EUR Recovers From 7-Week Low before CPI Data

Monday, March 20th, 2017

The Pound rallied by around 150 pips versus the Euro last week, recovering from a seven-week low thanks to a surprisingly hawkish statement from the Bank of England. GBP/EUR remained constrained by fears relating to Britain’s imminent exit from the European Union at the beginning of last week’s session. Due to the fact that a […]

GBP/USD Rallies To 3-Week High As BoE Bets Increase

Monday, March 20th, 2017

The Federal Reserve hiked interest rates 25 basis points last week but it was not enough to stop the Pound from bouncing higher versus the US Dollar. GBP/USD tumbled to a two-month low at the start of last week’s session following an announcement from Scottish First Minister Nicola Sturgeon that she would be requesting permission […]

BoE Bets Lend Sterling Support

Monday, March 20th, 2017

The Pound continued drifting higher versus the majors on Friday as traders adjusted UK monetary policy bets. The Bank of England voted against altering interest rates in March but markets were shocked to learn that one policymaker, Kristin Forbes, voted to raise borrowing costs this month. The dissenting hawkish vote, alongside hints that some other […]

© TorFX. Unauthorised copying or re-wording of this blog content is prohibited. The copyright of this content is owned by Tor Currency Exchange Ltd. Any unauthorised copying or re-wording will constitute an infringement of copyright.