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USD on Edge as Markets Await FOMC Meeting Minutes

Wednesday, May 24th, 2017

Yesterday’s public sector borrowing figures showed government spending exceed forecasts. The deficit was already expected to widen markedly, rising to -£8 billion, but in fact overshot projections to clock in at -£9.6 billion. The fact that the government started the new fiscal year with a larger-than-expected overspend prompted a Pound-sell off, from which GBP is […]

GBP NZD Wobbles as Inflation and Retail Sales Data Paint Conflicting Pictures

Monday, May 22nd, 2017

Polarised data from the UK, combined with a lack of appetite for the risky New Zealand Dollar, allowed the GBP NZD exchange rate to end the week trading higher. However, gains were not easily won. Tuesday’s inflation data showed that prices had grown by even more than expected in April. Economists had estimated inflation would […]

Pound Slips Lower on BoE Disappointment

Monday, May 15th, 2017

Over a choppy week the GBP CAD exchange rate slowly edged lower, starting on Monday around 1.77 but ending the week at 1.76. GBP CAD started the week trending flatly, with the Pound unsettled by the results of the French election. Emmanuel Macron, the incoming President, had previously described Brexit as a ‘crime’, suggesting he […]

GBP AUD Continues to Trend Around Nine-Month High

Monday, May 8th, 2017

Solid economic data from the UK and weakness on the commodity markets helped the GBP AUD exchange rate hit a nine-month high of 1.75 at the end of last week. The GBP AUD exchange rate weakened on Monday thanks to quiet demand for Sterling on the May Day bank holiday. A more upbeat assessment of […]

GBP Plateaus at Post-Referendum Best despite Upbeat PMIs

Wednesday, May 3rd, 2017

The GBP CAD exchange rate is stuck around opening levels today, but at 1.77 that still leaves the pairing around its best valuation since the Brexit referendum. Poor Canadian retail sales figures weakened the Canadian Dollar on Wednesday, after figures showed a -0.6% decline instead of stagnation in February after January’s 2.3% growth. GBP CAD […]

Lowest UK Borrowing Figures since Financial Crisis Boost GBP AUD

Tuesday, April 25th, 2017

UK government borrowing figures have helped push the Pound Australian Dollar exchange rate 0.7% higher to 1.70 today. UK Prime Minister Theresa May took markets by surprise last Tuesday after announcing there would be a snap general election on June 8th. Markets quickly decided this was a good thing and rushed to buy Sterling on […]

GBP CAD Soars as Theresa May Announces General Election

Thursday, April 20th, 2017

The Pound Canadian Dollar exchange rate was trending at an eight-month high of 1.72 yesterday after Tuesday’s shock announcement that a UK general election will take place on the 8th of June. The Pound Canadian Dollar exchange rate originally hit its eight-month high on Tuesday after Theresa May unexpectedly announced a snap general election for […]

GBP ZAR Struggles to Hold onto Gains Despite SA Ratings Downgrades

Tuesday, April 11th, 2017

Turmoil dominated the outlook of the Rand as South Africa’s credit rating was downgraded to junk by Standard & Poor’s. This move came as a result of President Jacob Zuma’s decision to fire his experienced finance minister in a major cabinet reshuffle, raising concerns over the future health of the economy. Although the Standard Bank […]

Slow UK Core Price Growth Keeps GBP AUD Flat

Tuesday, April 11th, 2017

The GBP AUD exchange rate had managed to climb higher last week, rising from Monday’s levels of 1.64 to end the week around 1.65; its highest level in over nine weeks. Last week’s GBP AUD gains were not smooth, with major headwinds plaguing both currencies thanks to a combination of domestic data and geopolitical concerns. […]

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 […]

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