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GBP AUD Climbs as Rising Inflation Improves BoE Rate Hike Odds

Monday, March 27th, 2017

Rising hopes of an interest rate hike from the Bank of England (BoE) and weakening iron ore prices allowed the GBP AUD exchange rate to climb 2.5% to a seven-and-a-half-week high of 1.64 over the past seven days. GBP AUD climbed notably higher on Tuesday after the latest UK inflation data was released. The February […]

GBP ZAR Trends Narrowly Despite Solid SA Production Data

Tuesday, March 14th, 2017

In a boost to the GBP ZAR exchange rate the fourth quarter South African gross domestic product report proved rather discouraging. GDP growth was found to have contracted on the quarter, clocking in at -0.3% rather than the more positive 0.5% that investors had anticipated. This highlighted the continued struggles of the South African economy, […]

GBP CAD Falls as MPs Strip Brexit Bill of Amendments

Tuesday, March 14th, 2017

The defeat of amendments to the Article 50 bill in the Houses of Parliament yesterday gives Theresa May carte blanche in the Brexit negotiations and the prospect has seen GBP CAD slump. The Pound Canadian Dollar exchange rate has fallen -0.7% to trade around 1.63 today. Last week saw the Pound declining after Wednesday’s Spring […]

Euro Recovers on Draghi’s Uncharacteristic Positivity

Friday, March 10th, 2017

A lack of notable data from the UK yesterday left the Pound on bearish form, with investors remaining focussed on Philip Hammond’s rather disappointing Spring Budget. The Chancellor may not have dwelt on the cost of Brexit, but markets certainly were. The issue of how much the UK will have to pay the EU once […]

GBP NZD Edges Down from Eight-Week High

Monday, March 6th, 2017

A choppy few days of trading last week saw the GBP NZD exchange rate fall to a one-month low of 1.71, before rebounding to an eight-week high of 1.75. The GBP NZD exchange rate saw choppy trading last week, edging down to its lowest level in nearly a month of 1.71 on Wednesday. The pairing […]

Mixed GBP after PMI Falls from 2.5-Year High

Wednesday, March 1st, 2017

The Pound Euro exchange rate is advancing, although gains remain muted and Sterling is on poor form against many of its other peers. The latest UK data has been mixed, with Markit’s manufacturing PMI for February falling further-than expected. Analysts held a consensus view that the index would drop from 55.9 to 55.6, but it […]

GBP AUD Rocky on Economic and Brexit Fears

Tuesday, February 28th, 2017

Fears over the UK economic outlook and the future of Australian monetary policy saw the GBP AUD exchange rate trading widely. GBP AUD fluctuated wildly last week, striking a low of 1.61 on Wednesday, but quickly rebounding before briefly spiking to a high of 1.63 on Friday. The ‘Aussie’ had weakened on Tuesday after the […]

GBP TRY Stuck around Seven-Week Low after GDP Disappointment

Thursday, February 23rd, 2017

An underwhelming response from investors to the latest estimates for UK GDP continues to keep the GBP TRY exchange rate near a seven-week low today. After already clocking in above forecast in the preliminary figures, UK 2016 Q4 GDP was revised higher to 0.7% in the second round of estimates. The Pound was not impressed, […]

Pound Exchange Rates Fall as GDP Data Disappoints

Wednesday, February 22nd, 2017

The Pound Euro exchange rate hit its highest level in 2017 at the beginning of today’s session as traders expected positive GDP figures for the final quarter of 2016. However, Sterling quickly retreated from that level once the data was released. Although quarter-on-quarter growth was revised higher to 0.7%, year-on-year growth was revised lower to […]

GBP ZAR Tumbles on Pessimistic Outlook for UK Consumer Spending

Tuesday, February 21st, 2017

Poor UK data undermined the outlook for the UK economy, causing the GBP ZAR exchange rate to slump to a three-and-a-quarter-year low of 16.07 last week. The outlook for UK consumer spending took a battering last week thanks to a series of poor data releases. Tuesday’s consumer price index rose to 1.8% on the year […]

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