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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 […]

GBP AUD Flat after Unstable Week Trading on Fed and BoE Speculation

Monday, December 19th, 2016

The last few days saw the Pound Australian Dollar exchange rate undulating as markets awaited the latest developments from the US and UK central banks. Last week opened with the Australian Dollar firmly in bullish territory. Investors were holding their breath ahead of the week’s widely-anticipated US Federal Reserve policy meeting, which boosted risk-appetite; this […]

Fed Surprises Markets with Projection of Three 2017 Rate Hikes

Friday, December 16th, 2016

The Pound was on mixed form yesterday, weakening against many of the majors thanks to a subdued inflation outlook from the Bank of England (BoE). Markets had hoped that recent strong inflation data, coupled with better-than-expected ecostats in the wake of the referendum, would put the Bank back on a tightening bias. However the BoE […]

GBP ZAR Goes Bullish after UK Inflation Accelerates

Tuesday, December 13th, 2016

It has been a choppy few days of trading for the Pound to South African Rand exchange rate, with both currencies rocked by respective domestic data. Even a dire performance from South Africa’s Q3 GDP figures failed to halt the GBP ZAR exchange rate decline, which started at the beginning of last week. Investor appetite […]

GBP CAD Weakened by OPEC Production Cut Deal

Monday, December 12th, 2016

Political speculation kept the GBP CAD exchange rate declining for the past seven days, with Brexit remaining the key focus for investors. The latest Brexit developments weighed heavily on GBP CAD last week. The Supreme Court heard the government’s appeal against the High Court judgement it must seek Parliamentary approval before triggering Article 50. No […]

GBP NZD Advances after Shock Resignation of New Zealand PM

Tuesday, December 6th, 2016

  After tumbling during the first half of last week, the GBP NZD exchange rate managed to rebound and continues to make gains today after New Zealand’s Prime Minister resigned unexpectedly over the weekend. Last week was one of two halves for the Pound New Zealand Dollar exchange rate. A meeting to discuss curbing oil […]


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