Sterling held it’s ground – 19th January 2017

  Sterling held it’s ground After Tuesday’s strong performance by Sterling, it wouldn’t have been much of a surprise had Sterling given back some of those gains yesterday however, that didn’t happen and Sterling held it’s ground end the day more or less unchanged. Even the UK employment data failed to shift Sterling. There was

Narrow ranges were the order of the day

Narrow ranges were the order of the day – 11th January 2017 Trading yesterday was insipid. Narrow ranges were the order of the day and there was a three way tie for top spot (including Sterling) while two currencies tied for the wooden spoon. The main reason for the lack of action was the lack

Sterling fails to hold onto gains from UK manufacturing PMI – 4th January 2017

  Sterling fails to hold onto gains from UK manufacturing PMI – 4th January 2017 It was a positive start to 2017 as share prices went higher and economic data around the world painted a generally positive picture. On the currency markets, any movement was modest with the US and Australian Dollars tied for the

New Oil Deal to Fuel Inflation – 12th December 2016

  New Oil Deal to Fuel Inflation – 12th December 2016 As the Far East markets opened this morning, the price of oil jumped 4.5% following news of bigger-than-expected production cuts, especially by Saudi Arabia. Today also marks the first day in the job for two new Prime Ministers, Paolo Gentiloni in Italy and Bill English New

Let’s just blame Brexit – 29th November 2016

Let’s just blame Brexit Yesterday morning at 9.30am Sterling fell by half a cent against the US Dollar. There was no data or news to act as the catalyst for the decline. So what was the cause? Let’s point the finger at Brexit. Pretty much everything else is blamed on Brexit nowadays! In reality, Sterling’s

Sterling Wobbles

Sterling Wobbles Sterling had a great day on Wednesday last week when the Chancellor’s Autumn Statement did nothing to harm to pound. It breezed through Thanksgiving and but came a bit of a cropper on Black Friday. Whilst’s there was little data to support Sterling’s gains during the middle of the week, there was very little to

The Yellen Opinion

Although the US dollar only managed third place on Wednesday its trade-weighted value reached a 13-year high. Some say the dollar’s strength casts doubt on a Federal Reserve rate increase next month but many feel that there will be a positive outcome. One argument against a rate hike is that the strengthening of the dollar

Sterling’s gains last week due to High Court Ruling – 7th November 2016

  Sterling’s gains last week due to High Court Ruling – 7th November 2016 Politics and politicians had the biggest impact on currencies toward the end of last week and during the weekend. In Sterling’s case it was the judges decision to involve Parliament in the Brexit process, which is a mixed blessing for Brexiteers.

Safe Haven Currencies in the Lead – 2nd November 2016

Safe Haven Currencies in the Lead – 2nd November 2016 Yesterday the possibility that there will be President Trump looked closer as a Washington Post opinion poll gave Donald Trump a 46-45 lead over Hillary Clinton. As anyone who followed Britain’s EU referendum will recall, opinion polls are not always a reliable guide to election

UK GDP Grows in Q3 – 27th October 2016

UK GDP Grows in Q3 – 27th October 2016 Sterling had a relatively good day yesterday and recovered to pre-Carney speculation territory against the US Dollar that we had seen on Tuesday. The main driver being comments from a government minister confirming that both houses of parliament would be able to examine any potential new

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