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US Dollar Volatility Expected on Fed Rate Decision

Wednesday, September 20th, 2017

The Pound surged in the immediate wake of the Bank of England’s (BoE) policy decision, even though the Monetary Policy Committee (MPC) still voted 7-2 in favour of leaving interest rates on hold. Investors were rather more interested in the hawkish tone of the accompanying meeting minutes, which noted that monetary policy might need to […]

Speculation over BoE and SARB Rate Outlook Drives GBP ZAR Volatility

Tuesday, September 19th, 2017

A sharp, surprise widening of South Africa’s current account deficit put significant pressure on the Rand on Thursday. This poor showing suggests that the domestic economy is in a rather weaker state than investors had hoped, boding ill for the appeal of the Rand. The GBP ZAR exchange rate leapt higher in the immediate wake […]

GBP NZD Retreats from High After Bullish NZ PMIs

Monday, September 18th, 2017

The Pound surged higher across the board in the immediate wake of the Bank of England’s (BoE) September policy meeting. While the Monetary Policy Committee (MPC) still voted 7-2 in favour of leaving interest rates on hold the tone of the accompanying minutes proved surprisingly hawkish. As the BoE indicated that some degree of monetary […]

Pound Jittery as Markets Anticipate More Hawkish BoE

Wednesday, September 13th, 2017

A stronger-than-expected UK consumer price index prompted the GBP EUR exchange rate to surge higher, climbing to a six-week high on Tuesday. As inflation accelerated from 2.6% to 2.9% on the year in August this encouraged bets that the Bank of England (BoE) could take a more hawkish view at its September policy meeting. However, […]

BoE Rate Hike Speculation Drives GBP USD to One-Year High

Tuesday, September 12th, 2017

Commentary from various members of the Federal Open Market Committee (FOMC) did not improve the appeal of the US Dollar, with the general tone of comments proving rather dovish. Investors were not impressed by this latest display of cautiousness, with the odds of a December interest rate hike seeming to diminish as a result. Even […]

Brexit Volatility Keeps GBP NZD Under Pressure Ahead of Repeal Bill Vote

Monday, September 11th, 2017

Better-than-expected Chinese trade data helped to shore up the commodity-correlated New Zealand Dollar ahead of the weekend. As import volumes continued to pick up this encouraged greater confidence in the health of the world’s second largest economy, prompting a general uptick in market risk appetite. However, the GBP NZD exchange rate soon rallied thanks to […]

EUR Exchange Rates Trend Lower Ahead of ECB Decision

Wednesday, September 6th, 2017

Negotiators failed to make a breakthrough on any of the key issues as the third round of Brexit talks concluded, leaving the Pound to trend lower against its rivals. Concerns over the possibility of a hard exit are continuing to weigh on the minds of investors, particularly in the wake of a leaked document detailing […]

Strong Canadian Growth Pushes GBP CAD to Eight-Month Low

Tuesday, September 5th, 2017

As the latest Canadian gross domestic product data surprised to the upside this helped to drive the GBP CAD exchange rate sharply lower on Thursday. Markets were encouraged by the latest signs that the economy is continuing to expand at a solid pace, with the annualised second quarter GDP accelerating to 4.5%. This confirmed that […]

Lack of Expectation Boosts GBP AUD Ahead of RBA Meeting

Monday, September 4th, 2017

As the US non-farm payrolls report proved weaker than expected this helped to boost the Australian Dollar ahead of the weekend. With the US labour market failing to demonstrate further signs of tightening the chances of the Federal Reserve raising interest rates again before the end of the year diminished. This improved the appeal of […]

GBP ZAR Recovers Ground as Rise of UK Consumer Credit Slowed

Wednesday, August 30th, 2017

South African inflation retreated from 5.1% to 4.6% on the year in July, even though the monthly measure showed a fresh uptick. This slowdown in inflationary pressure offered some support to the Rand, suggesting that the South African Reserve Bank (SARB) will be in less of a hurry to alter monetary policy in the near […]


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