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Pound Soars as Above-Forecast Inflation Data Boosts Rate Hike Bets

Wednesday, September 13th, 2017

Pound Sterling rocket yesterday after the latest UK consumer price index figures show that price growth accelerated to above forecast levels during August. Overall inflation leapt from 2.6% to 2.9% – matching the four-year high last registered in May. Additionally, core consumer prices rose from 2.4% to 2.7% – the fastest pace of growth recorded […]

Pound Rises as Markets Judge Brexit Risks Fully Priced-in

Tuesday, September 12th, 2017

The Pound was largely on strong form yesterday, despite a lack of UK data to provide markets with any fresh incentive to favour Sterling. However, with GBP having recently tumbled to lows against its peers, the markets appear to have fully accounted for the uncertainty facing the economy and the potential pitfalls of Brexit. This […]

GBP EUR Overcomes Weak PMIs to Rise on GDP Estimate

Monday, September 11th, 2017

The Pound to Euro exchange rate seesawed last week on the back of data and concerns regarding Brexit and the monetary policy outlook for the Eurozone. Ultimately, however, Sterling found more support and GBP EUR was able to end the week almost a cent above Monday’s opening levels. GBP EUR started the week on soft […]

GBP AUD Ends Week Higher on Positive Industry and Trade Data

Monday, September 11th, 2017

It has been a choppy few days for the Pound Australian Dollar exchange rate. Last week saw GBP AUD fluctuate wildly, but by the weekend Sterling had managed to rise sharply and record gains of nearly a cent upon the week’s opening levels. The latest UK services PMI confirmed market fears by falling to an […]

Strong UK GDP Estimate Boosts Pound

Monday, September 11th, 2017

Friday’s slew of UK data is overwhelmingly positive, allowing the Pound to gain sharply versus its major peers. Industrial production printed in line with forecasts, while manufacturing production beat expectations. The trade deficit narrowed marginally instead of widening and the latest GDP estimate from the National Institute of Economic and Social Research (NIESR) rose from […]

Pound Remains Sluggish as EU Repeal Bill Debate Continues

Friday, September 8th, 2017

The Pound was on sluggish form yesterday as the Parliamentary debate over the government’s EU withdrawal bill continued. Although the disagreement between lawmakers is unsettling for markets, without anything concrete to go on there was little reason to change the outlook for GBP at this juncture. This afternoon’s NIESR gross domestic product estimate will give […]

GBP NZD Slumps Back from 6-Week High as EU’s Juncker Criticises UK Brexit Papers

Tuesday, August 29th, 2017

The Pound is falling from a six-week high against the New Zealand Dollar today, with a drop of -0.3% taking the GBP NZD exchange rate down below 1.78. Weakness in the New Zealand Dollar was largely to thank for the GBP/NZD gains witnessed over the past week, as the Pound was also struggling with weak […]

GBP ZAR around Weekly Low as Zuma’s Leadership Challenged

Tuesday, August 8th, 2017

Hopes of political change in South Africa boosted the Rand yesterday, with GBP ZAR unable to recover losses today. Tuesday’s UK manufacturing PMI raised hopes of a third-quarter economic rebound after beating expectations to rise from 54.2 to 55.1. Strong demand for export orders, thanks to the depreciation in Sterling following the referendum, helped drive […]

GBP NZD Undermined by ‘Super Thursday’ Disappointment

Monday, August 7th, 2017

The Pound New Zealand Dollar exchange rate rose sharply during the first half of last week, but a disappointing ‘Super Thursday’ quickly changed Sterling’s trajectory. The Pound was able to rise on Monday, even though data showed that consumer credit had reached £200 billion; the highest level since the financial crisis in 2008. A better-than-expected […]

UK Inflation Slows for First Time since October 2016; GBP CAD Slumps

Tuesday, July 18th, 2017

Poor UK inflation data for June has caused the GBP CAD exchange rate to slump to 1.6436 today. The Pound Canadian Dollar exchange rate was down -0.8% in the region of 1.6436 at the time of writing, following poor UK data. Core consumer price growth has slowed year-on-year from 2.6% to 2.4% and non-core inflation […]


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