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GBP/AUD Exchange Rate Slumps on BoE Rate Hike Confusion

Tuesday, September 19th, 2017

The Pound has dropped by -0.5% against the Australian Dollar today, a significant step back from the rally that occurred at the end of last week. This has come from rising trader uncertainty about when the Bank of England (BoE) could raise UK interest rates. The Pound’s sharp downturn has been caused by a speech […]

UK Inflation Hits 2017 High, GBP/ZAR Up 1.1%

Tuesday, September 12th, 2017

The Pound made dramatic gains against the South African Rand thanks to a forecast-beating rise in UK inflation. Looking at the UK inflation figures in greater detail, the 2.9% rise in August put inflation at the joint-highest level for 2017, having previously hit this figure in May. This news triggered an immediate Pound rally, as […]

GBP AUD Update: Sterling Dips despite UK Borrowing Surplus

Tuesday, August 22nd, 2017

A seemingly positive UK report failed to support the Pound today, leading to a small decline against the Australian Dollar. While today’s UK economic news has been positive on paper, the Pound has failed to advance against the Australian Dollar. The news in question was that the UK’s government borrowing deficit in July rose to […]

Australian Dollar Advances on US Uncertainty

Monday, August 21st, 2017

A slow start to the week has seen the Australian Dollar gradually advance against the US Dollar, although turbulence may hit the pairing later in the week. The recent Australian Dollar to US Dollar rise comes after a statement from Commonwealth Bank Australia (CBA), who reported rising consumer spending in July. The bank’s business sales […]

New Zealand Dollar Shrugs off Declining Dairy Prices

Tuesday, August 15th, 2017

Although the price of New Zealand’s key commodity declined today, disappointing UK inflation data meant that the GBP/NZD exchange rate still slipped on Tuesday. The recent dip in the Pound to New Zealand Dollar exchange rate occurred as a reaction to the UK’s latest inflation report. Annual UK inflation printed at 2.6% in July, the […]

Euro US Dollar Update: USD Advances despite Political Uncertainty

Wednesday, August 9th, 2017

On a relatively quiet day for Eurozone data, the Euro has dropped by -0.5% against the US Dollar. The Euro’s loss against the US Dollar puts the single currency near a 2-week low. The main detracting factor has been that the European Central Bank (ECB) has been called on to tighten monetary policy by Germany. […]

GBP NOK Exchange Rate at 6-month Low as ‘Brexit Bill’ Hits the Headlines

Tuesday, August 8th, 2017

  With little UK domestic data out so far this week, the Pound to Krone exchange rate has mainly been influenced by Brexit developments. Amid concerns that UK negotiators have performed poorly so far, the latest focus has been on how much the UK could have to pay when leaving the EU. The so-called Brexit […]

AUD/USD Falls on Job Stats

Friday, August 4th, 2017

  Before the latest US news pushed the AUD USD exchange rate down, the Australian Dollar was dominating in the pairing. This was due to an earlier Reserve Bank of Australia (RBA) statement, which included a relatively optimistic economic forecast. While a boilerplate statement, the outlook still triggered an Australian Dollar to US Dollar advance. […]

Pound Drops -1.1% against the Yen as BoE Governor Blasts UK Economy

Thursday, August 3rd, 2017

Expectations had been low for anything particularly dramatic from August’s BoE policy meeting. As it transpired, BoE officials issued a wide range of dovish forecasts about the UK economy for 2017 and 2018. This has dragged on the Pound due to the volume of pessimistic predictions for the economy in the near and longer-term. According to […]

Growing Eurozone Optimism Pushes EUR ZAR Exchange Rate to 10-month High

Wednesday, August 2nd, 2017

On Tuesday the Euro rose to its best rate against the Rand since October 2016. The recent EUR ZAR gains have stemmed partially from Eurozone GDP figures, which ticked higher in the second quarter. While only preliminary figures, the results still showed a rise to 2.1% annual GDP, along with 0.6% on the quarter. Reacting to the […]

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