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Can the Pound Hold Gains Vs Euro and US Dollar?

Wednesday, March 22nd, 2017

Demand for the Pound surged in the wake of the Bank of England’s (BoE) interest rate decision, with policymakers unexpectedly split on the matter. Known hawk Kristin Forbes voted for an immediate 25bpt rate hike, raising hopes that the Bank could shift from its neutral outlook sooner than anticipated. This optimistic view was cemented by […]

GBP ZAR Recovers Ground on Forecast-Smashing UK Inflation

Tuesday, March 21st, 2017

January’s South African production figures showed a general improvement, on the whole recovering from the contraction seen at the end of 2016. This encouraged investors to pile back into the Rand, particularly as the general appeal of higher-yielding assets picked up. Even though the domestic political situation remains volatile and the underlying fundamentals of the […]

GBP NZD Under Pressure Ahead of RBNZ Rate Decision

Monday, March 20th, 2017

After the government’s Article 50 bill received parliamentary approval, passing without amendment, the GBP NZD exchange rate weakened. While the move eliminated some of the uncertainty surrounding Theresa May’s Brexit timetable, Sterling was weighed down by worries over the potential outcome of negotiations. Scottish First Minister Nicola Sturgeon was quick to call for a second […]

GBP NOK on Bullish Run as Oil Glut Looks to Continue

Wednesday, March 15th, 2017

Confidence in the health of the Norwegian economy was boosted as a result of January’s industrial production figures, which surprised significantly to the upside on both the month and the year. Of particular note was the 3.4% rise on the month, as this more than reversed December’s -2.7% slump. As a result the Norwegian Krone […]

EUR ZAR Slumped Thanks to European Political Jitters

Wednesday, March 15th, 2017

Political concerns have weighed heavily on the Euro since the start of the week, with investors jittery over the potential results of the Dutch election. Although far-right candidate Geert Wilders was seen to be falling back in the polls the prospect of another populist surprise could not be so readily ruled out. The future of […]

US Dollar Volatility Expected on Fed Comments

Wednesday, March 15th, 2017

Growth in UK average weekly earnings were found to have slowed further than forecast in the three months to January, clocking in at 2.2% rather than 2.6%. This disappointing showing suggests that consumers are likely to experience a greater squeeze in the coming months. With inflation expected to continue to pick up for some time […]

Article 50 Bill & Spring Budget Pressure Pound

Wednesday, March 8th, 2017

Sterling remained under pressure in the wake of an unexpectedly weak UK Services PMI, which showed that the sector had performed more weakly than expected in February. As UK economic growth has been almost exclusively driven by the service sector in recent months, this disappointment naturally encouraged investors to continue to sell out of the […]

GBP NZD Rallies Before UK GDP Estimate

Monday, February 20th, 2017

Confidence in the ‘Kiwi’ weakened markedly in the wake of disappointing New Zealand manufacturing PMI and retail sales data. As the manufacturing index slipped from 54.2 to 51.6 in January this somewhat undermined the resilient outlook of the domestic economy. Coupled with a general decrease in market risk appetite this saw the New Zealand Dollar […]

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 […]

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