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Threat of UK Wage Squeeze Dented GBP Exchange Rates

Wednesday, February 15th, 2017

Sterling suffered a disappointment when January’s consumer price index failed to show as strong an uptick in inflationary pressure as forecast. This undermined investors’ hopes that the Bank of England (BoE) could be prompted to tighten monetary policy sooner rather than later, leaving the Pound with little in the way of support. Brexit-based jitters could […]

GBP ZAR Under Pressure After Disappointing UK Inflation

Tuesday, February 14th, 2017

Although the government’s Article 50 bill passed through the House of Commons without amendment this failed to weigh on the GBP ZAR exchange rate for long. While this increased the odds of Theresa May continuing to pursue a hard line approach to Brexit the bill could still face challenge in the House of Lords. As […]

Pound Volatility Expected on UK Inflation and Wage Data

Wednesday, February 8th, 2017

The first Bank of England (BoE) policy meeting of 2017 did not offer much encouragement for the Pound, even though policymakers raised their growth forecasts for the coming year. Markets were not particularly impressed to find that the Monetary Policy Committee (MPC) had continued to vote unanimously in favour of maintaining its current level of […]

GBP NZD Volatile Ahead of RBNZ Rate Decision

Monday, February 6th, 2017

December’s raft of New Zealand trade data proved encouraging for the ‘Kiwi’, showing that exports had risen further than forecast on the month to help narrow the trade deficit from -746 million to -41 million. This prompted greater confidence in the outlook of the domestic economy, seeming to lower the likelihood of the Reserve Bank […]

GBP USD Volatility Forecast on BoE and Fed Policy Decisions

Wednesday, February 1st, 2017

As the government’s Article 50 bill entered Parliament, sentiment towards the Pound saw some sharp moves, with investors jittery that the bill could pass without any significant amendments. Even so, the increased clarity over Theresa May’s timetable for starting formal exit proceedings offered encouragement to Sterling, particularly given the promise of a white paper on […]

GBP AUD Slumped as MPs Debated Article 50 Bill

Tuesday, January 31st, 2017

Investors were discouraged to find that the Australian Consumer Price Index had fallen short of forecasts in the fourth quarter, undermining confidence in the outlook of the domestic economy. As inflationary pressure unexpectedly dipped from 0.7% to 0.5% on the quarter, the appeal of the ‘Aussie’ slumped sharply. The downside disappointment prompted renewed speculation that […]

GBP NOK Exchange Rate Dented by Lower Norwegian Unemployment

Thursday, January 26th, 2017

Confidence in riskier assets has been limited over the course of the week, with markets in a jittery mood thanks to the uncertainty surrounding the new US administration. The increased protectionist rhetoric and fears of potential trade wars led investors to pile back into safe-haven assets, leaving the Krone relatively lacking in support. However, the […]

Supreme Court Ruling Triggered Pound Volatility

Wednesday, January 25th, 2017

The much anticipated Supreme Court ruling on the Article 50 case ultimately prompted Sterling to weaken, in spite of the verdict upholding the judgement that an Act of Parliament is required to begin formal exit proceedings from the EU. This less favourable market reaction was prompted by concerns that a second Scottish independence referendum could […]

GBP ZAR Strengthens Ahead of SARB Policy Meeting

Monday, January 23rd, 2017

The UK Consumer Price Index for December proved unexpectedly strong, with inflation rising from 1.2% to 1.6% on the year. This was a greater feed-through of inflationary pressure than investors had expected, suggesting that consumers are likely to experience a greater squeeze on earnings and spending in the coming months. Even so, this did not […]

Sterling Surged after Greater Government Clarity on Brexit

Wednesday, January 18th, 2017

Pound exchange rates slumped sharply at the start of the week after reports emerged that the government was not looking to maintain membership of the single market in negotiations with the EU. However, this downtrend was soon reversed when Theresa May set out her broad aims for Brexit in her first major speech on the […]

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