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GBP NZD Bullish Ahead of UK Consumer Price Index

Monday, February 13th, 2017

The Pound made a strong recovery last week and is bullish today, with GBP NZD exchange rates up 0.6% in the region of 1.7419. Hawkishness from Bank of England (BoE) policymaker Kristin Forbes boosted the Pound on Monday. The Monetary Policy Committee (MPC) member said in a speech that; ‘In my view, if the real […]

GBP TRY Fluctuates as MPs Debate Article 50 Bill

Wednesday, February 8th, 2017

It’s the final day of debate for the Article 50 bill currently being scrutinised by Parliament, which is curbing Pound Lira exchange rate gains. GBP TRY is currently trading around 4.67. The Pound is on soft form today, managing to eke out only minor gains versus the Lira. Today is the final day that MPs […]

BoE Disappointment Quickly Ends GBP CAD Surge

Tuesday, February 7th, 2017

Disappointing forecasts from the Bank of England weakened the Pound Canadian Dollar exchange rate last week. Last Tuesday saw the Canadian Dollar performing bullishly after the latest GDP figures bettered estimates. Expected to weaken from 1.5% to 1.4%, November GDP instead rose to 1.6% on the year. Month-on-month growth clocked in at 0.4% – ten […]

GBP ZAR Advances on Signs SARB Finished with Monetary Tightening

Tuesday, January 31st, 2017

The Pound South African Rand exchange rate saw a minor increase over the course of last week. After spiking to 17.12 yesterday, GBP ZAR has weakened and is trading back around Friday’s closing levels of 16.90. After weeks of tense waiting over the Christmas period, the UK Supreme Court finally delivered the verdict on Article […]

US Dollar Slumps as GDP Slows Below Forecasts

Monday, January 30th, 2017

The Pound softened towards the close of the week, with investors left with little to enthuse over now that the key Brexit speech and Supreme Court decisions are in the past. The only thing on the horizon is the triggering of Article 50 – a bad occurrence from the market’s point of view, even if […]

GBP DKK Falls from Fortnightly High Following Supreme Court Judgement

Tuesday, January 24th, 2017

A number of high-profile developments have helped the GBP DKK exchange rate recover from a near ten-week low to a two-week high of 8.66. GBP DKK saw a strong recovery over the past seven days after Theresa May delivered her key speech on Brexit. Many of the negatives were already known – such as that […]

Theresa May Customs Union Plan Supports GBP CAD

Monday, January 23rd, 2017

Optimism surrounding the UK’s trade relationship with the EU after Brexit pushed GBP CAD away from a three-and-a-half year low to 1.65 last week. The Pound made strong gains last week, rebounding from a sharp drop-off on the news Britain would leave the single market as part of Brexit. The news, revealed ahead of Tuesday’s […]

GBP AUD Dives on Strongest Indication Yet UK is getting a ‘Hard Brexit’

Monday, January 16th, 2017

Investors were fretting about UK access to the single market last week, while recovering iron ore prices furthered the GBP AUD exchange rate decline. The GBP AUD exchange rate spent the past week on a strong downtrend, with fears of a ‘Hard Brexit’ weighing on Sterling and the Australian Dollar receiving a boost from buoyant […]

GBP NZD Tumbles to 9-Week Low on ‘Hard Brexit’ Likelihood

Tuesday, January 10th, 2017

The GBP NZD exchange rate has bounced off a nine-week low today, despite continued fears that the UK is heading for a ‘Hard Brexit’. Last Tuesday saw the GBP NZD exchange rate weaken despite positive data for the UK and bad news for New Zealand. The UK manufacturing PMI defied expectations that it would creep […]

GBP CAD Declines in Spite of Strong Manufacturing and Construction PMIs

Wednesday, January 4th, 2017

The past seven days has seen the Pound Canadian Dollar exchange rate shed around two cents, despite some solid UK data. Low market liquidity and a slower-than-usual pace of data releases meant traders were as occupied with the outlook for the year ahead as they were with more immediate ecostats. Both the UK and Canada […]

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